Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for West Bank and Gaza
WBGFCAODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
-23.77%
Date Range
1/1/2009 - 1/1/2013
Summary
This indicator tracks the percentage of small and medium enterprises (SMEs) in the West Bank and Gaza that hold deposit accounts with commercial banks. It provides insights into the level of SME financial inclusion and access to formal banking services.
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 by SMEs is crucial for economic growth and development. This indicator specifically measures the percentage of non-financial corporation depositors with commercial banks that are SMEs, offering a snapshot of SME participation in the formal banking system in the West Bank and Gaza.
Methodology
The data is collected by the World Bank through surveys of commercial banks operating in the West Bank and Gaza.
Historical Context
Policymakers and researchers use this indicator to assess the degree of financial inclusion and access to credit for SMEs, which are vital for private sector development.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to formal banking services is critical for SME growth and development.
- This indicator tracks the financial inclusion of SMEs in the West Bank and Gaza.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of small and medium enterprises (SMEs) in the West Bank and Gaza that hold deposit accounts with commercial banks.
Q: Why is this trend relevant for users or analysts?
A: The level of SME financial inclusion is crucial for understanding private sector development and economic growth in the West Bank and Gaza.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of commercial banks operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this indicator to assess the degree of financial inclusion and access to credit for SMEs, which are vital for private sector development.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the coverage and participation of commercial banks in the surveys.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Deposit Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for West Bank and Gaza (WBGFCAODCSPNUM), retrieved from FRED.