Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh
BGDFCNODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86.91
Year-over-Year Change
21.39%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of household loan accounts per 1,000 adults with commercial banks in Bangladesh. It provides insight into financial inclusion and access to credit in the country.
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, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh' metric measures the level of household borrowing from the formal banking sector. This statistic is used by economists and policymakers to analyze financial development and assess progress towards expanding access to credit.
Methodology
The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Historical Context
This indicator is relevant for understanding credit markets, household finance, and financial inclusion policies in Bangladesh.
Key Facts
- Bangladesh has over 130 million adults.
- The average number of household loan accounts per 1,000 adults was 120 in 2020.
- Financial inclusion has increased in Bangladesh in recent decades.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household loan accounts per 1,000 adults with commercial banks in Bangladesh, providing insight into financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze financial development and assess progress towards expanding access to credit in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding credit markets, household finance, and financial inclusion policies in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Bangladesh Bank, with no major known delays or limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Bangladesh (BGDFCNODCHANUM), retrieved from FRED.