Geographical Outreach: Number of Commercial Banks for Bangladesh
BGDFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
29.79%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Commercial Banks for Bangladesh' trend measures the total number of commercial banks operating in Bangladesh. This metric is important for economists and policymakers to assess the breadth of financial access and inclusion in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the total number of commercial banks with physical branch locations throughout Bangladesh. It provides an indicator of the financial system's geographical reach and the availability of banking services for consumers and businesses.
Methodology
The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Historical Context
Policymakers use this metric to evaluate financial sector development and guide regulations to promote greater banking accessibility.
Key Facts
- Bangladesh had 59 commercial banks as of 2020.
- The number of commercial banks in Bangladesh has grown by 20% over the past decade.
- Around 50% of Bangladeshi adults have a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks operating with physical branch locations throughout Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the breadth of financial access and inclusion in Bangladesh, which is crucial for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the central bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate financial sector development and guide regulations to promote greater banking accessibility across Bangladesh.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive overview of the commercial banking landscape in Bangladesh.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Bangladesh (BGDFCIODCNUM), retrieved from FRED.