Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Bangladesh
BGDFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.89
Year-over-Year Change
-13.40%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding loans from commercial banks in Bangladesh as a percentage of the country's gross domestic product (GDP). It serves as a key indicator of financial services usage and access to credit within the Bangladeshi economy.
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 loans from commercial banks to GDP ratio provides insights into the level of financial intermediation and the degree to which the private sector is able to access credit for investment and consumption. This metric is closely monitored by policymakers, economists, and financial analysts to assess the development of the Bangladeshi banking system and financial markets.
Methodology
The data is collected and calculated by the Bangladesh Bank, the country's central bank.
Historical Context
This indicator is used to evaluate the financial depth and inclusiveness of the Bangladeshi economy.
Key Facts
- Bangladesh's outstanding commercial bank loans reached 38.4% of GDP in 2021.
- The ratio has steadily increased from 25.1% in 2010, indicating growing financial intermediation.
- Access to credit remains a challenge, with large segments of the population still unbanked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Bangladesh as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial intermediation and access to credit within the Bangladeshi economy, which is closely monitored by policymakers and analysts to assess the development of the banking system and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bangladesh Bank, the country's central bank.
Q: How is this trend used in economic policy?
A: This indicator is used to evaluate the financial depth and inclusiveness of the Bangladeshi economy, which is crucial for policymakers and institutions focused on promoting economic development and financial inclusion.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangladesh Bank, but there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Bangladesh (BGDFCSODCGGDPPT), retrieved from FRED.