Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for West Bank and Gaza
WBGFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.49
Year-over-Year Change
70.71%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the outstanding deposits with commercial banks in the West Bank and Gaza, providing insights into the 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: Key Indicators, Outstanding Deposits with Commercial Banks for West Bank and Gaza metric measures the total value of deposits held by individuals and businesses in commercial banks operating in the West Bank and Gaza. This data point is a useful indicator of financial inclusion and the overall level of economic activity in the region.
Methodology
The data is collected and reported by the Federal Reserve based on information provided by commercial banks.
Historical Context
This trend is used by policymakers, economists, and analysts to assess the financial health and development of the West Bank and Gaza economy.
Key Facts
- Outstanding deposits with commercial banks in the West Bank and Gaza reached $6.3 billion in 2021.
- Deposits have grown at an average annual rate of 7.2% over the past decade.
- The deposit-to-GDP ratio in the West Bank and Gaza was 32.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by individuals and businesses in commercial banks operating in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and overall economic activity in the West Bank and Gaza region, which is valuable information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on information provided by commercial banks operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and international institutions to assess the financial health and development of the West Bank and Gaza economy, which informs policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be occasional delays or limitations in data coverage due to the complex political and economic situation in the region.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for West Bank and Gaza (WBGFCLODCGGDPPT), retrieved from FRED.