Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Bangladesh
BGDFCSODUHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,610,670,000.00
Year-over-Year Change
406.92%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans to households at credit unions and financial cooperatives in Bangladesh. It provides insights into the financial services usage and access 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, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Bangladesh' series tracks the total value of loans provided by credit unions and cooperatives to individual households in Bangladesh. This metric is used to assess the level of financial inclusion and access to credit in the country.
Methodology
The data is collected through surveys and reporting from financial institutions in Bangladesh.
Historical Context
This trend is relevant for policymakers and economists analyzing financial sector development and household access to credit in the Bangladeshi economy.
Key Facts
- Bangladesh has over 6,000 registered credit cooperatives.
- Loans from credit unions account for 12% of total household borrowing in Bangladesh.
- Outstanding household loans at Bangladeshi credit unions grew by 8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans provided by credit unions and financial cooperatives to individual households in Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and household access to credit in the Bangladeshi economy, which is important for understanding financial sector development and access to finance.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from credit unions and financial cooperatives operating in Bangladesh.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth and performance of the cooperative finance sector, as well as to evaluate financial inclusion and household access to credit in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, but there may be occasional delays or gaps in reporting from some financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Bangladesh (BGDFCSODUHXDC), retrieved from FRED.