Use of Financial Services, Liabilities: Outstanding Deposits by Households at Credit Unions and Financial Cooperatives for Bangladesh
BGDFCLODUHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,857,850,000.00
Year-over-Year Change
384.07%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at credit unions and financial cooperatives in Bangladesh. It provides insights into the usage of financial services and household savings behavior.
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 credit unions and financial cooperatives in Bangladesh represent a key indicator of financial inclusion and the utilization of alternative banking channels. This data is used by policymakers and economists to assess the broader trends in household financial activities.
Methodology
The data is collected and reported by the central bank of Bangladesh.
Historical Context
This trend is relevant for understanding the development of Bangladesh's financial sector and the access to basic banking services for households.
Key Facts
- Bangladesh has over 6,000 credit unions and financial cooperatives.
- Household deposits at these institutions account for 12% of total financial sector deposits.
- The outstanding deposits have grown by an average of 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held by households at credit unions and financial cooperatives in Bangladesh. It provides insights into the usage of alternative financial services and household savings behavior.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Bangladesh's financial sector and the access to basic banking services for households, which is an important aspect of financial inclusion.
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 economists use this data to assess the broader trends in household financial activities and the effectiveness of initiatives to promote financial inclusion in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published regularly by the central bank of Bangladesh, with minimal update delays. However, the coverage may be limited to formal credit unions and cooperatives, and may not capture all informal financial service providers.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Credit Unions and Financial Cooperatives for Bangladesh (BGDFCLODUHXDC), retrieved from FRED.