Use of Financial Services: Number of Depositors at Commercial Banks for West Bank and Gaza
WBGFCDODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,437,650.00
Year-over-Year Change
72.09%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the number of depositors at commercial banks in the West Bank and Gaza. It provides insights into the level of 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: Number of Depositors at Commercial Banks for West Bank and Gaza is an indicator that tracks the total number of deposit account holders at commercial banks operating in the West Bank and Gaza. This metric is used by economists and policymakers to assess the degree of financial inclusion and the accessibility of formal banking services within the Palestinian territories.
Methodology
The data is collected by the Palestinian Monetary Authority through surveys of commercial banks operating in the West Bank and Gaza.
Historical Context
This trend is relevant for analyzing the development of the financial sector and evaluating the effectiveness of policies aimed at promoting financial inclusion in the region.
Key Facts
- The number of depositors at commercial banks in the West Bank and Gaza was over 1 million as of the latest data.
- Financial inclusion rates in the Palestinian territories are lower than the regional average in the Middle East and North Africa.
- Increasing access to banking services is a key policy objective for economic development in the West Bank and Gaza.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit account holders at commercial banks operating in the West Bank and Gaza. It provides an indicator of financial inclusion and access to formal banking services in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers seeking to assess the development of the financial sector and the effectiveness of policies aimed at promoting financial inclusion in the Palestinian territories.
Q: How is this data collected or calculated?
A: The data is collected by the Palestinian Monetary Authority through surveys of commercial banks operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is used by institutions and analysts to evaluate the accessibility of formal banking services and inform policies focused on increasing financial inclusion in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in coverage, as the trend is dependent on surveys of commercial banks in the Palestinian territories.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Commercial Banks for West Bank and Gaza (WBGFCDODCPENUM), retrieved from FRED.