Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Bangladesh
BGDFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
16.13%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of financial institutions, other depository corporations, and other deposit takers in Bangladesh. It is an important indicator of the depth and accessibility of the country's banking and financial system.
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
The Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Bangladesh tracks the total number of these entities operating within the country. This metric provides insight into the breadth of financial services available to consumers and businesses.
Methodology
The data is collected and reported by the Central Bank of Bangladesh.
Historical Context
Policymakers and analysts use this trend to assess the development and inclusion of Bangladesh's financial sector.
Key Facts
- Bangladesh had 7,753 financial institutions as of 2020.
- The number of institutions has grown by over 50% since 2010.
- Increased outreach is linked to greater financial inclusion in Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other depository corporations, and other deposit takers operating in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: The number of financial institutions is an important indicator of the depth and accessibility of a country's banking and financial system, which is crucial for economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development and inclusion of Bangladesh's financial sector, which informs policy decisions aimed at promoting economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to one year in the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Bangladesh (BGDFCIODDNUM), retrieved from FRED.