Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for West Bank and Gaza
WBGFCLODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.22
Year-over-Year Change
471.61%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend tracks the outstanding deposits of small and medium enterprises (SMEs) with commercial banks in the West Bank and Gaza. It provides insights into the financial services usage and liquidity of the SME sector, which is crucial for economic development.
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 outstanding SME deposits metric represents the total value of deposits held by small and medium-sized enterprises with commercial banks in the West Bank and Gaza region. This data point is an important indicator of SME access to and usage of formal financial services, which is a key driver of private sector growth and economic stability.
Methodology
The data is collected and reported by the World Bank based on information provided by commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the financial inclusion and liquidity of the SME sector, which is vital for supporting entrepreneurship and private-led economic expansion.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to formal banking services remains a challenge for many SMEs in the region.
- Increasing SME deposits can indicate growing financial intermediation and private sector activity.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the outstanding deposits held by small and medium enterprises (SMEs) with commercial banks in the West Bank and Gaza region.
Q: Why is this trend relevant for users or analysts?
A: The level of SME deposits is an important indicator of financial inclusion and the liquidity of the private sector, which are crucial for supporting entrepreneurship and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by commercial banks 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 financial health and access to formal banking services for SMEs, which is vital for supporting private-led economic growth and expansion.
Q: Are there update delays or limitations?
A: The data may have lags or limitations due to the challenging economic and political environment in the West Bank and Gaza region.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises (SME) Deposits with Commercial Banks for West Bank and Gaza (WBGFCLODCSGGDPPT), retrieved from FRED.