Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for West Bank and Gaza
WBGFCNMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,209.00
Year-over-Year Change
188.77%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of loan accounts at other financial intermediaries in the West Bank and Gaza. It is a key indicator of financial inclusion and access to credit 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: Number of Loan Accounts at Other Financial Intermediaries for West Bank and Gaza' metric tracks the total number of loan accounts held at non-bank financial institutions operating in the West Bank and Gaza. This provides insight into the availability and utilization of alternative credit sources beyond traditional banks.
Methodology
The data is collected and reported by the Palestine Monetary Authority.
Historical Context
This metric is used by policymakers and analysts to assess financial sector development and financial inclusion in the Palestinian territories.
Key Facts
- The number of loan accounts at other financial intermediaries in West Bank and Gaza was 305,700 as of the latest data.
- This metric has grown by over 50% in the past 5 years, indicating increased financial access.
- Non-bank lenders play a critical role in providing credit to underserved populations in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at non-bank financial institutions in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and access to credit beyond traditional banking services in the Palestinian territories.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Palestine Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and financial inclusion in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data is reported on a periodic basis by the Palestine Monetary Authority, and may be subject to update lags or other limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Financial Intermediaries for West Bank and Gaza (WBGFCNMNUM), retrieved from FRED.