Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for West Bank and Gaza
WBGFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385.00
Year-over-Year Change
70.35%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches, excluding headquarters, in the West Bank and Gaza. It provides insights into the geographic reach and accessibility of banking 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for West Bank and Gaza data series tracks the total number of commercial bank branches, excluding their main headquarters, operating in the West Bank and Gaza. This metric is used to assess the physical presence and distribution of banking services throughout the region.
Methodology
The data is collected and reported by the Palestinian Monetary Authority.
Historical Context
This trend is relevant for policymakers and analysts studying financial inclusion and the development of the banking sector in the West Bank and Gaza.
Key Facts
- The number of commercial bank branches in the West Bank and Gaza has steadily increased over the past decade.
- Expanding branch networks is a key strategy for improving financial access in the region.
- Branch density varies significantly between urban and rural areas of the West Bank and Gaza.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, operating in the West Bank and Gaza. It provides insights into the geographic reach and accessibility of banking services in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and analysts studying financial inclusion and the development of the banking sector in the West Bank and Gaza. It helps assess the physical presence and distribution of banking services throughout the region.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Palestinian Monetary Authority.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to understand the expansion of banking services and monitor progress towards improving financial inclusion in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Palestinian Monetary Authority, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for West Bank and Gaza (WBGFCBODCNUM), retrieved from FRED.