Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza
WBGFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
765.54
Year-over-Year Change
21.71%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of depositors with commercial banks per 1,000 adults in the West Bank and Gaza. It provides insights into financial inclusion and the use of formal banking services by the adult population.
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: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza' metric tracks the level of access to and usage of basic banking services in the region. This data point is a key indicator of financial development and inclusion within the local economy.
Methodology
The data is collected by the World Bank through surveys and statistical reporting from national banking authorities.
Historical Context
This trend is widely used by policymakers, economists, and development organizations to assess progress toward financial inclusion goals and inform policy decisions.
Key Facts
- The latest value for this trend is 304.31 depositors per 1,000 adults.
- The data series began in 2004 and is updated annually.
- Financial inclusion remains a key development challenge in the West Bank and Gaza.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with commercial banks per 1,000 adults in the West Bank and Gaza. It provides insights into financial inclusion and the use of formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial development and inclusion within the local economy, which is critical for policymakers, economists, and development organizations assessing progress toward financial inclusion goals.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and statistical reporting from national banking authorities.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and development organizations to assess progress toward financial inclusion goals and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza (WBGFCDODCANUM), retrieved from FRED.