Imports of Goods and Services for West Bank and Gaza
WBGBMUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,637,300,000.00
Year-over-Year Change
103.33%
Date Range
1/1/2000 - 1/1/2023
Summary
The 'Imports of Goods and Services for West Bank and Gaza' trend measures the total value of imported goods and services for the West Bank and Gaza regions. This data is crucial for understanding the economic activity and trade dynamics in these territories.
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 represents the dollar value of all goods and services imported into the West Bank and Gaza, including consumer goods, capital equipment, and raw materials. It is an important metric for policymakers and analysts to assess the region's economic integration, trade balance, and dependence on foreign markets.
Methodology
The data is collected and reported by the World Bank based on official government sources.
Historical Context
Tracking imports is vital for understanding the economic health and development of the West Bank and Gaza, especially in the context of ongoing political and security challenges.
Key Facts
- Imports account for over 50% of GDP in the West Bank and Gaza.
- Import levels have fluctuated significantly due to political and security conditions.
- The majority of imports are consumer goods, machinery, and raw materials.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods and Services for West Bank and Gaza' indicator tracks the total dollar value of all goods and services imported into the West Bank and Gaza regions.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the economic activity, trade dynamics, and development of the West Bank and Gaza, especially in the context of the region's unique political and security challenges.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on official government sources.
Q: How is this trend used in economic policy?
A: Tracking imports is vital for policymakers and analysts to assess the West Bank and Gaza's economic integration, trade balance, and dependence on foreign markets, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data may have occasional delays or gaps due to the challenging political and security environment in the region.
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Citation
U.S. Federal Reserve, Imports of Goods and Services for West Bank and Gaza (WBGBMUSD), retrieved from FRED.