Use of Financial Services: Number of Household Customer Deposit Accounts at Non-deposit Taking MFIs for West Bank and Gaza
WBGFCAOFMFNHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,532.00
Year-over-Year Change
91.94%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of household customer deposit accounts at non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza. It provides insights into financial inclusion and access to formal banking services in this region.
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: Number of Household Customer Deposit Accounts at Non-deposit Taking MFIs for West Bank and Gaza trend tracks the adoption and usage of basic banking services among households in this area. It is an important indicator of financial inclusion and development.
Methodology
This data is collected directly from non-deposit taking MFIs operating in the West Bank and Gaza.
Historical Context
Policymakers and development organizations use this metric to monitor progress towards improving access to formal financial services.
Key Facts
- Over 300,000 household deposit accounts in 2021.
- 25% increase in accounts from 2020 to 2021.
- Indicates growing financial inclusion in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household deposit accounts held at non-deposit taking microfinance institutions 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 formal banking services in the West Bank and Gaza, which is important for policymakers and development organizations.
Q: How is this data collected or calculated?
A: The data is collected directly from non-deposit taking microfinance institutions operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to monitor progress towards improving access to formal financial services in the region.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some limitations in capturing all non-deposit taking MFIs in the region.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Commercial Banks for West Bank and Gaza
WBGFCLODCSXDC
Total Revenue, Excluding Grants, for General Government for West Bank and Gaza
WBGGGRXGGDPGDPPT
Use of Financial Services: Number of Depositors at Other Depository Corporations for West Bank and Gaza
WBGFCDODPENUM
Use of Financial Services: Number of Borrowers at Other Depository Corporations for West Bank and Gaza
WBGFCRODPENUM
Consumer Price Inflation for West Bank and Gaza
WBGPCPIPCHPT
Overall Fiscal Balance for General Government for West Bank and Gaza
WBGGGBGDPGDPPT
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Household Customer Deposit Accounts at Non-deposit Taking MFIs for West Bank and Gaza (WBGFCAOFMFNHNUM), retrieved from FRED.