Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Bangladesh
BGDFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.18
Year-over-Year Change
10.13%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in Bangladesh as a percentage of GDP. It provides insight into the financial inclusion and access to banking services for SMEs, a key driver of economic growth.
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 SME deposits with commercial banks metric represents the total value of deposits held by small and medium-sized enterprises in Bangladesh's banking system. This indicator offers a snapshot of the depth of financial intermediation and the extent to which SMEs are integrated into the formal banking sector.
Methodology
The data is collected and reported by the Bangladesh Bank, the country's central bank.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the financial health and growth prospects of Bangladesh's small and medium business sector.
Key Facts
- Bangladesh's SME deposits were 7.8% of GDP in 2020.
- SMEs account for over 90% of businesses in Bangladesh.
- Increasing SME access to banking is a key development goal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by small and medium enterprises (SMEs) with commercial banks in Bangladesh, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial inclusion and access to banking services for SMEs, which are a critical driver of economic growth and development in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend closely to assess the financial health and growth prospects of Bangladesh's small and medium business sector, which is a key focus area for economic development.
Q: Are there update delays or limitations?
A: The data is reported by the Bangladesh Bank, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for Bangladesh (BGDFCLODCSGGDPPT), retrieved from FRED.