Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh
BGDFCLODMFXDC • 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 tracks the outstanding deposits held at deposit-taking microfinance institutions (MFIs) in Bangladesh. It provides insight into the usage and growth of financial services in the country's microfinance sector.
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 at deposit-taking MFIs in Bangladesh represent the total value of funds held by these institutions on behalf of their clients. This metric is used to assess the depth and inclusiveness of the country's microfinance system and its ability to mobilize domestic savings.
Methodology
The data is collected through surveys of deposit-taking MFIs operating in Bangladesh.
Historical Context
Policymakers and development organizations monitor this trend to evaluate financial inclusion and the impact of microfinance programs.
Key Facts
- Bangladesh has over 700 deposit-taking MFIs.
- Microfinance deposits account for over 30% of Bangladesh's total domestic savings.
- The outstanding deposits at MFIs have grown by an average of 12% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of deposits held by clients at deposit-taking microfinance institutions (MFIs) in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and inclusiveness of Bangladesh's microfinance sector and its ability to mobilize domestic savings.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking MFIs operating in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations monitor this trend to evaluate financial inclusion and the impact of microfinance programs in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical 2-3 month lag in publication.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Bangladesh (BGDFCLODMFXDC), retrieved from FRED.