Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for West Bank and Gaza
WBGFCSODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
70.91%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the total outstanding loans from all microfinance institutions (MFIs) in the West Bank and Gaza, as a percentage of GDP. It provides insights into the usage and access to financial services 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 from MFIs in the West Bank and Gaza is an important indicator of financial inclusion and the development of the microfinance sector. It helps policymakers and analysts assess the reach and impact of microfinance initiatives in supporting small businesses and households.
Methodology
The data is collected and aggregated by the World Bank from various microfinance institutions operating in the West Bank and Gaza.
Historical Context
This metric is used by economists and policymakers to monitor financial access and guide policies aimed at promoting inclusive economic growth.
Key Facts
- Microfinance institutions provide small loans to support entrepreneurship and financial inclusion.
- Outstanding loans from MFIs in West Bank and Gaza were 2.5% of GDP in 2021.
- Access to microfinance has been linked to poverty reduction and women's empowerment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans from all microfinance institutions (MFIs) in the West Bank and Gaza, as a percentage of GDP. It provides insights into the usage and access to financial services in this region.
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans from MFIs in the West Bank and Gaza is an important indicator of financial inclusion and the development of the microfinance sector. It helps policymakers and analysts assess the reach and impact of microfinance initiatives in supporting small businesses and households.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the World Bank from various microfinance institutions operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor financial access and guide policies aimed at promoting inclusive economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or gaps in coverage by the underlying microfinance institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for West Bank and Gaza (WBGFCSODMFGGDPPT), retrieved from FRED.