Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for West Bank and Gaza
WBGFCAOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
549,112.00
Year-over-Year Change
46.28%
Date Range
1/1/2020 - 1/1/2021
Summary
This economic trend measures the use of financial services deposit accounts at insurance corporations in the West Bank and Gaza. It provides insights into the level of financial inclusion 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 Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for West Bank and Gaza series tracks the number of deposit accounts held at insurance corporations in the West Bank and Gaza. This data is a key indicator of financial sector development and financial inclusion in the region.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This trend is used by policymakers and analysts to assess financial sector progress and identify areas for improvement.
Key Facts
- The latest data point shows X deposit accounts at insurance corporations in the West Bank and Gaza.
- Financial inclusion rates in the West Bank and Gaza remain below regional averages.
- Increasing access to formal financial services is a key policy priority in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at insurance corporations in the West Bank and Gaza. It provides insights into the level of financial inclusion and access to formal financial services in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial sector development and financial inclusion, which are important for economic growth and poverty reduction. Policymakers and analysts use this data to assess progress and identify areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor financial inclusion and inform policies aimed at increasing access to formal financial services in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank. Users should check the source for the most current information and be aware of any known limitations or caveats.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for West Bank and Gaza (WBGFCAOFINUM), retrieved from FRED.