Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for West Bank and Gaza
WBGFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.91
Year-over-Year Change
150.50%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the use of financial services in the West Bank and Gaza, as measured by outstanding loans from commercial banks. It provides insights into the level of financial inclusion and economic activity 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: Key Indicators, Outstanding Loans from Commercial Banks for West Bank and Gaza metric represents the total value of outstanding loans from commercial banks to individuals and businesses located in the West Bank and Gaza. This data point is used by economists and policymakers to assess the level of financial intermediation and access to credit in the Palestinian territories.
Methodology
The data is collected and reported by the Palestinian Monetary Authority.
Historical Context
This trend is relevant for understanding the state of economic development and financial inclusion in the West Bank and Gaza, which are important considerations for policy decisions and international aid efforts.
Key Facts
- Outstanding loans from commercial banks in West Bank and Gaza equaled 11.1% of GDP in 2021.
- Loan growth has averaged 7.4% per year over the past decade in the West Bank and Gaza.
- Access to financial services remains limited, with only 36% of adults having a bank account.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of outstanding loans from commercial banks to individuals and businesses in the West Bank and Gaza, providing insights into financial inclusion and economic activity in the region.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the level of financial intermediation and access to credit in the Palestinian territories, which are key factors for economic development and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Palestinian Monetary Authority.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the state of financial inclusion and economic activity in the West Bank and Gaza, which informs policy decisions and international aid efforts.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture all lending activity in the region due to limitations in data collection.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for West Bank and Gaza (WBGFCSODCGGDPPT), retrieved from FRED.