Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for West Bank and Gaza
WBGFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,696,076,259.69
Year-over-Year Change
704.45%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in the West Bank and Gaza. It provides insights into the availability of credit for SMEs, a critical component of economic development.
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, specifically the outstanding loans to SMEs, reflects the level of access to credit for smaller businesses in the West Bank and Gaza. This data is used by policymakers and analysts to assess the health of the financial system and its support for entrepreneurship and private sector growth.
Methodology
The data is collected by the Federal Reserve from commercial banks operating in the West Bank and Gaza.
Historical Context
This trend is relevant for understanding the broader economic conditions and the ability of SMEs to obtain financing, which is crucial for job creation and economic diversification.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to credit is a major constraint for SME growth in the region.
- Trends in SME lending reflect the overall health of the private sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the availability of credit for SMEs, which are critical for economic development and job creation in the region.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve from commercial banks 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 assess the health of the financial system and its support for entrepreneurship and private sector growth.
Q: Are there update delays or limitations?
A: The data may be subject to 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, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for West Bank and Gaza (WBGFCSODCSXDC), retrieved from FRED.