Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh
BGDFCNMSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,542.00
Year-over-Year Change
86645.45%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend tracks the number of loan accounts for small and medium enterprises (SMEs) at other financial intermediaries in Bangladesh. It provides insights into SME access to financing, which is crucial for economic growth and development.
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: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh data series measures the total number of loan accounts held by SMEs at non-bank financial institutions in the country. This metric serves as an indicator of SME financing and can help policymakers and analysts assess the inclusiveness and efficacy of the financial system.
Methodology
The data is collected through surveys and reports from Bangladesh's central bank and other financial regulators.
Historical Context
This trend is used by economists, policymakers, and development organizations to evaluate financial inclusion and monitor the flow of credit to small businesses in Bangladesh.
Key Facts
- Bangladesh has over 8 million SMEs, contributing 25% to GDP.
- SMEs account for 78% of non-agricultural employment in Bangladesh.
- Access to finance is a major constraint for Bangladeshi SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by small and medium enterprises (SMEs) at non-bank financial institutions in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into SME access to financing, which is crucial for economic growth and development in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Bangladesh's central bank and other financial regulators.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and development organizations use this trend to evaluate financial inclusion and monitor the flow of credit to small businesses in Bangladesh.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or gaps in coverage by financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Bangladesh (BGDFCNMSNUM), retrieved from FRED.