Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza
WBGFCSMMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214,958,000.00
Year-over-Year Change
567.74%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures outstanding loans to households from non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza. It provides insight into the use of financial services and access to credit in this 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 outstanding loans to households from non-deposit taking MFIs in the West Bank and Gaza represents the total value of loans extended by these institutions to individual borrowers. This metric is used by economists and policymakers to evaluate financial inclusion and the role of microfinance in supporting household economic activity.
Methodology
The data is collected directly from non-deposit taking MFIs operating in the West Bank and Gaza.
Historical Context
This trend is relevant for assessing the development of financial markets and the ability of underserved populations to access credit.
Key Facts
- Outstanding loans from non-deposit taking MFIs in West Bank and Gaza totaled $304 million in 2021.
- Microfinance plays a key role in promoting financial inclusion in the region.
- Loan growth from non-deposit taking MFIs has averaged 7% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to households from non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into financial inclusion and access to credit for underserved populations in the West Bank and Gaza, which is important for evaluating economic development and the role of microfinance.
Q: How is this data collected or calculated?
A: The data is collected directly from non-deposit taking MFIs operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the development of financial markets and the ability of households to access credit, which informs policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within 3 months of the end of the reporting period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza (WBGFCSMMFHXDC), retrieved from FRED.