Gross International Reserves Held by Central Bank for West Bank and Gaza
WBGFAFARUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,323,200,000.00
Year-over-Year Change
166.23%
Date Range
1/1/2000 - 1/1/2023
Summary
The 'Gross International Reserves Held by Central Bank for West Bank and Gaza' series measures the total foreign currency and other reserve assets held by the central bank of the West Bank and Gaza. This is a key economic indicator tracked by policymakers and analysts.
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 represents the total value of highly liquid external assets controlled by the Palestinian Monetary Authority, the central banking institution for the West Bank and Gaza. These reserves can be used to support the local currency, fund imports, and provide economic stability.
Methodology
The data is collected directly from the Palestinian Monetary Authority.
Historical Context
Gross international reserves are an important metric for assessing a country's financial strength and ability to weather economic shocks.
Key Facts
- The West Bank and Gaza's gross international reserves totaled $3.3 billion as of 2021.
- Reserves cover approximately 6 months of imports for the West Bank and Gaza.
- International reserves have grown by over 50% since 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of highly liquid foreign currency and other reserve assets held by the central bank of the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: Gross international reserves are a key indicator of a country's financial strength and ability to support its currency, fund imports, and maintain economic stability.
Q: How is this data collected or calculated?
A: The data is collected directly from the Palestinian Monetary Authority, the central banking institution for the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this metric to assess the West Bank and Gaza's financial resilience and ability to withstand economic shocks.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to some reporting delays from the Palestinian Monetary Authority.
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Citation
U.S. Federal Reserve, Gross International Reserves Held by Central Bank for West Bank and Gaza (WBGFAFARUSD), retrieved from FRED.