Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza
WBGFCRMFNPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,209.00
Year-over-Year Change
189.09%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of persons borrowing from non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza. It provides insights into financial inclusion and access to credit in these regions.
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 Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza metric tracks the volume of microfinance lending activities, which is a key indicator of financial sector development and access to credit for underserved populations.
Methodology
The data is collected through surveys of microfinance institutions operating in the West Bank and Gaza.
Historical Context
This trend is used by policymakers and development organizations to assess financial inclusion and inform policies that promote access to credit and other financial services.
Key Facts
- Microfinance is a key tool for financial inclusion in developing economies.
- The West Bank and Gaza have a significant microfinance sector.
- Access to credit is vital for economic development in these regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons borrowing from non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza. It provides insights into financial inclusion and access to credit in these regions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, development organizations, and economists as it offers insights into financial inclusion and access to credit in the West Bank and Gaza, which are key indicators of economic and social progress.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance 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 development organizations to assess financial inclusion and inform policies that promote access to credit and other financial services in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting delays, and the coverage of microfinance institutions surveyed may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza (WBGFCRMFNPENUM), retrieved from FRED.