Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Bangladesh
BGDFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.58
Year-over-Year Change
-1.54%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the outstanding deposits of households with commercial banks in Bangladesh as a percentage of GDP. It provides insights into the level of financial inclusion and household savings in the Bangladeshi economy.
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 outstanding deposits of households with commercial banks in Bangladesh is a key indicator of financial services utilization and household wealth. It reflects the extent to which the population participates in the formal banking system and saves through institutionalized channels.
Methodology
The data is collected by the Bangladesh Bank through reports from commercial banks operating in the country.
Historical Context
This metric is used by policymakers and economists to assess the depth of financial intermediation and monitor progress towards financial inclusion goals.
Key Facts
- Bangladesh's household deposits with commercial banks were 35.3% of GDP in 2020.
- The trend has increased from 26.5% of GDP in 2010, indicating growing financial inclusion.
- Household deposits are a key source of funding for the Bangladeshi banking system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in Bangladesh as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and household savings in the Bangladeshi economy, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank through reports from commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the depth of financial intermediation and monitor progress towards financial inclusion goals in Bangladesh.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and coverage of the Bangladesh Bank's collection from commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Bangladesh (BGDFCLODCHGGDPPT), retrieved from FRED.