Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for West Bank and Gaza
WBGFCAOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,532.00
Year-over-Year Change
129.88%
Date Range
1/1/2004 - 1/1/2015
Summary
This trend measures the number of deposit accounts held at financial institutions other than banks in the West Bank and Gaza. It provides insight into the broader use of financial services in the 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 Deposit Accounts: Accounts at Other Financial Intermediaries for West Bank and Gaza metric tracks the volume of deposit accounts held at non-bank financial institutions like credit unions and microfinance providers. It offers a window into financial inclusion and access to formal banking services in the West Bank and Gaza.
Methodology
The data is collected through surveys of financial institutions in the region.
Historical Context
This indicator is used by policymakers and analysts to assess financial sector development and financial access for individuals and businesses.
Key Facts
- Deposit accounts at non-bank financial institutions in West Bank and Gaza totaled over 1 million as of the latest data.
- The number of these accounts has grown by over 50% in the past decade.
- Access to formal financial services remains a challenge for many in the region.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of deposit accounts held at financial institutions other than banks, such as credit unions and microfinance providers, in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers insights into financial inclusion and access to formal banking services in the region, which are important for economic development and household financial stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the development of the financial sector and progress in expanding access to formal financial services in the region.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric may not capture all informal financial activity in the region.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Financial Intermediaries for West Bank and Gaza (WBGFCAOFMNUM), retrieved from FRED.