Use of Financial Services: Number of Borrowers at Other Depository Corporations for Bangladesh
BGDFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,556,511.00
Year-over-Year Change
52.71%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Bangladesh. It provides insights into the usage and accessibility of financial services 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: Number of Borrowers at Other Depository Corporations for Bangladesh' trend tracks the total number of individuals who have obtained loans or credit from non-bank financial institutions in Bangladesh. This metric is a key indicator of financial inclusion and the overall development of the country's financial sector.
Methodology
The data is collected through surveys and reporting from financial institutions in Bangladesh.
Historical Context
Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and identify opportunities to expand access to credit and other financial services.
Key Facts
- Bangladesh has a population of over 160 million people.
- The number of borrowers at other depository corporations has grown by 20% over the past 5 years.
- Access to credit is a key driver of economic growth and poverty reduction in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who have obtained loans or credit from non-bank financial institutions in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the development of the financial sector in Bangladesh, which is crucial for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and identify opportunities to expand access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential delays in reporting from financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Bangladesh (BGDFCRODPENUM), retrieved from FRED.