Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza
WBGFCAOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,532.00
Year-over-Year Change
91.94%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of accounts at non-deposit taking microfinance institutions (MFIs) in the West Bank and Gaza. It provides insights into the use of 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 Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza' series tracks the number of deposit accounts held at MFIs that do not take deposits, offering a view into financial inclusion in this area.
Methodology
The data is collected through surveys of microfinance institutions in the West Bank and Gaza.
Historical Context
This trend is used by policymakers and analysts to assess financial access and inclusion in the region.
Key Facts
- The West Bank and Gaza region has a population of over 5 million people.
- Microfinance is an important source of financial services in this area.
- The number of deposit accounts at non-deposit taking MFIs has been tracked since 2004.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at microfinance institutions (MFIs) in the West Bank and Gaza that do not take deposits themselves.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to basic financial services in the West Bank and Gaza region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of microfinance institutions operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial access and inclusion in the West Bank and Gaza, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be delays in reporting from some microfinance institutions in the region.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for West Bank and Gaza (WBGFCAOFMFNNUM), retrieved from FRED.