Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for West Bank and Gaza
WBGFCLOFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
211,000,000.00
Year-over-Year Change
27.53%
Date Range
1/1/2006 - 1/1/2014
Summary
This economic trend measures the outstanding deposits held by financial institutions in the West Bank and Gaza. It provides insights into the level of financial services usage and financial sector development 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, Liabilities: Outstanding Deposits at Other Financial Corporations for West Bank and Gaza tracks the total value of deposits held by financial institutions, such as banks and other financial intermediaries, in the West Bank and Gaza. This metric serves as an indicator of financial inclusion and the overall depth of the financial system in the region.
Methodology
The data is collected through surveys and reporting from financial institutions operating in the West Bank and Gaza.
Historical Context
This trend is useful for policymakers and analysts seeking to understand the state of financial sector development and access to financial services in the West Bank and Gaza.
Key Facts
- The West Bank and Gaza have a relatively underdeveloped financial sector.
- Deposit-taking by financial institutions is an important metric of financial inclusion.
- Tracking deposit levels can inform policies to improve access to financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by financial institutions, such as banks and other financial intermediaries, 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 services usage and the overall depth of the financial system in the West Bank and Gaza, which is useful for policymakers and analysts studying financial inclusion and sector development in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to understand the state of financial sector development and access to financial services in the West Bank and Gaza, which can inform policies to improve financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations due to the challenging economic and political environment in the West Bank and Gaza.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Financial Corporations for West Bank and Gaza (WBGFCLOFXDC), retrieved from FRED.