Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh
BGDFCNODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.32
Year-over-Year Change
8.07%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of loan accounts with commercial banks per 1,000 adults in Bangladesh, providing insights into financial inclusion and access to banking services.
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: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh' metric tracks the availability and utilization of formal credit in the Bangladeshi economy. This data point is used by economists and policymakers to assess financial inclusion and gauge the level of access to banking services.
Methodology
The data is collected and calculated by the World Bank based on national-level financial institution statistics.
Historical Context
This indicator helps inform financial sector policies and development programs aimed at expanding access to credit and banking services.
Key Facts
- Bangladesh had 415 loan accounts per 1,000 adults in 2021.
- Financial inclusion has steadily improved in Bangladesh over the past decade.
- Access to credit remains a key development priority in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts with commercial banks per 1,000 adults in Bangladesh, providing insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing the level of financial inclusion and access to credit in the Bangladeshi economy, which informs policymaking and development programs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national-level financial institution statistics.
Q: How is this trend used in economic policy?
A: This indicator helps inform financial sector policies and development programs aimed at expanding access to credit and banking services in Bangladesh.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to a year or more.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh (BGDFCNODCANUM), retrieved from FRED.