Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for West Bank and Gaza
WBGFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.68
Year-over-Year Change
55.28%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the outstanding deposits of households 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 of Households with Commercial Banks for West Bank and Gaza series tracks the value of deposits held by households with commercial banks in the West Bank and Gaza. This metric is used to assess the level of financial inclusion and the overall development of the banking sector in the region.
Methodology
The data is collected and reported by the Palestinian Monetary Authority.
Historical Context
This trend is closely monitored by policymakers and economists to understand the financial landscape and inform policies aimed at promoting financial inclusion and economic growth.
Key Facts
- The West Bank and Gaza have a population of over 5 million people.
- The banking sector in the region is largely dominated by commercial banks.
- Household deposits with commercial banks are a key indicator of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits of households with commercial banks in the West Bank and Gaza, providing insights into the use of financial services in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial inclusion and the overall development of the banking sector in the West Bank and Gaza, which is important for policymakers and economists.
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 closely monitored by policymakers and economists to understand the financial landscape and inform policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Palestinian Monetary Authority.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for West Bank and Gaza (WBGFCLODCHGGDPPT), retrieved from FRED.