Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza
WBGFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
739.48
Year-over-Year Change
20.23%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic indicator tracks the number of household depositors with commercial banks per 1,000 adults in the West Bank and Gaza. It provides insight into financial inclusion and access to banking services in the 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: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza' data series measures the level of engagement between individuals and the formal banking system. This metric is used by economists and policymakers to assess financial inclusion and access to basic financial services.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This indicator is relevant for understanding the development of the financial sector and assessing progress towards financial inclusion objectives.
Key Facts
- The number of household depositors per 1,000 adults in West Bank and Gaza was 305.5 in 2017.
- Financial inclusion has been a key policy priority in the region to promote economic growth and stability.
- Access to basic banking services remains limited compared to other developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of household depositors with commercial banks per 1,000 adults in the West Bank and Gaza, providing insight into financial inclusion and access to banking services in the region.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the development of the financial sector and progress towards financial inclusion objectives, which are key to promoting economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial inclusion and access to basic banking services, which are important considerations for policymakers and institutions working to promote economic development in the region.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be delays in reporting or limitations in coverage for certain regions or time periods.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for West Bank and Gaza (WBGFCDODCHANUM), retrieved from FRED.