Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for West Bank and Gaza
WBGFCAODCSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,552.00
Year-over-Year Change
25.87%
Date Range
1/1/2009 - 1/1/2013
Summary
This economic trend measures the use of financial services deposit accounts by small and medium enterprises (SMEs) at commercial banks in the West Bank and Gaza. It provides insights into the financial health and access to banking services for this critical business segment.
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 Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for West Bank and Gaza indicator tracks the number of SME deposit accounts held at commercial banks in this region. It serves as an important metric for evaluating financial inclusion and the ability of SMEs to access formal banking services.
Methodology
The data is collected by the World Bank through surveys of commercial banks operating in the West Bank and Gaza.
Historical Context
This trend is widely used by policymakers, development institutions, and economists to assess the financial market environment for SMEs in the region.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to formal banking services remains a significant challenge for many SMEs in the region.
- Increasing SME deposit accounts is a key policy goal for promoting economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held by small and medium enterprises (SMEs) at commercial banks in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to banking services for SMEs, which are crucial for economic growth and development in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of commercial banks operating in the West Bank and Gaza, conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and development institutions use this trend to assess the financial market environment for SMEs and inform policies aimed at promoting financial inclusion and access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and delays due to the survey-based collection methodology.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Small and Medium Enterprise Accounts at Commercial Banks for West Bank and Gaza (WBGFCAODCSNUM), retrieved from FRED.