Non-oil Revenue for General Government for West Bank and Gaza
WBGGGRXOGDPXOPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.65
Year-over-Year Change
29.31%
Date Range
1/1/2005 - 1/1/2023
Summary
The 'Non-oil Revenue for General Government for West Bank and Gaza' metric measures the government revenue excluding oil and gas sales as a percentage of GDP for the West Bank and Gaza 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
This economic indicator provides insight into the fiscal health and revenue sources of the West Bank and Gaza general government, excluding volatile oil and gas income. It is used by economists and policymakers to assess the sustainability and composition of government funding.
Methodology
The data is calculated by the International Monetary Fund based on national accounts statistics.
Historical Context
Analysts monitor this trend to understand the region's reliance on non-oil revenue streams and the government's ability to fund public services and programs.
Key Facts
- Non-oil revenue accounts for over 90% of total government revenue in West Bank and Gaza.
- The non-oil revenue ratio has remained relatively stable around 20-25% of GDP in recent years.
- Increasing non-oil revenue is a key policy goal to reduce reliance on foreign aid and donor funding.
FAQs
Q: What does this economic trend measure?
A: This metric measures the government revenue of West Bank and Gaza, excluding income from oil and gas sales, as a percentage of the region's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the fiscal health and sustainability of government funding in the West Bank and Gaza, which is important for economic and policy analysis in the region.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts statistics for the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the government's ability to fund public services and programs without relying heavily on volatile oil revenue or foreign aid.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Non-oil Revenue for General Government for West Bank and Gaza (WBGGGRXOGDPXOPT), retrieved from FRED.