Number of Bank Accounts for Bangladesh
DDAI01BDA642NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
903.43
Year-over-Year Change
226.04%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Accounts for Bangladesh measures the total number of deposit accounts held by individuals and businesses in the Bangladeshi banking system. This metric is important for analyzing financial inclusion and the overall health of the country's banking sector.
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
This series tracks the number of deposit accounts across Bangladesh's commercial banks, including both individual and corporate accounts. It provides insights into the level of financial access and the degree of banking penetration within the Bangladeshi economy.
Methodology
The data is collected and reported by the World Bank's Global Financial Inclusion (Global Findex) database.
Historical Context
Policymakers and economists use this indicator to evaluate progress towards financial inclusion goals and to understand trends in household and business engagement with the formal banking system.
Key Facts
- Bangladesh had over 110 million bank accounts as of 2021.
- The number of bank accounts has tripled in Bangladesh since 2011.
- Over 50% of Bangladeshi adults now have a formal bank account.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Accounts for Bangladesh tracks the total number of deposit accounts held by individuals and businesses in the Bangladeshi banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the overall health of the Bangladeshi banking sector, which are important factors for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate progress towards financial inclusion goals and to understand trends in household and business engagement with the formal banking system in Bangladesh.
Q: Are there update delays or limitations?
A: The Global Findex database is updated every 3 years, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Number of Bank Accounts for Bangladesh (DDAI01BDA642NWDB), retrieved from FRED.