Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bangladesh
BGDFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,007,290,666,586.12
Year-over-Year Change
261.15%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by the public at other deposit-taking institutions in Bangladesh. It provides insights into the use of financial services and the level of financial 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
The Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bangladesh is an important indicator of financial sector development and household savings behavior. It tracks the total value of deposits held by the public at institutions other than commercial banks, such as microfinance institutions and cooperative societies.
Methodology
The data is collected by the Bangladesh Bank, the central bank of Bangladesh, through surveys and regulatory reporting.
Historical Context
This trend is used by policymakers and analysts to assess financial inclusion and the overall health of the Bangladeshi financial system.
Key Facts
- Bangladesh has a population of over 160 million people.
- The majority of Bangladeshi adults do not have access to formal banking services.
- Microfinance institutions play a crucial role in Bangladesh's financial ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at deposit-taking institutions in Bangladesh other than commercial banks, such as microfinance organizations and cooperative societies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and the use of alternative financial services in Bangladesh, which is important for understanding the overall development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the central bank of Bangladesh, through surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the progress of financial inclusion initiatives and the overall health of the Bangladeshi financial system.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Bangladesh Bank, and there may be delays in data reporting and publication.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Bangladesh (BGDFCLODDXDC), retrieved from FRED.