Use of Financial Services, Liabilities: Outstanding Deposits by Households at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh
BGDFCLODMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
685,935,766,467.66
Year-over-Year Change
812.05%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at deposit-taking microfinance institutions (MFIs) in Bangladesh. It provides insights into the usage of formal financial services by low-income populations.
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 by households at MFIs in Bangladesh is an important indicator of financial inclusion and access to the formal financial system. It reflects the degree to which underserved populations are able to save and build assets through regulated microfinance providers.
Methodology
The data is collected and reported by the central bank of Bangladesh.
Historical Context
This trend is used by policymakers and development economists to evaluate progress in expanding financial access and inclusion.
Key Facts
- Bangladesh has over 700 deposit-taking MFIs.
- Deposits at MFIs account for over 10% of total household savings in Bangladesh.
- The trend shows steady growth in MFI deposits since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by households at deposit-taking microfinance institutions (MFIs) in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to formal financial services by low-income populations in Bangladesh.
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 development economists use this trend to evaluate progress in expanding financial access and inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published with a slight delay by the central bank of Bangladesh.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh (BGDFCLODMFHXDC), retrieved from FRED.