Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for West Bank and Gaza
WBGFCDODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
-8.16%
Date Range
1/1/2009 - 1/1/2014
Summary
This trend measures the percentage of small and medium enterprises (SMEs) with deposit accounts at commercial banks in the West Bank and Gaza. It provides insights into the use of financial services by this important business segment.
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, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for West Bank and Gaza' metric tracks the share of SME deposit accounts relative to all non-financial corporate deposit accounts. This indicator offers valuable data on financial inclusion and access to banking services for smaller businesses.
Methodology
The data is collected and calculated by the World Bank using national statistics from the West Bank and Gaza.
Historical Context
This trend is relevant for policymakers and analysts assessing financial market development and SME access to formal banking services.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to banking services is critical for SME growth and job creation.
- Financial inclusion is a key development goal in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of small and medium enterprises (SMEs) that have deposit accounts with commercial banks in the West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into financial inclusion and access to formal banking services for the critical SME business segment in the region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national statistics from the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing financial market development and SME access to banking services in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data may have update delays depending on the availability of national statistics from the West Bank and Gaza.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for West Bank and Gaza (WBGFCDODCSPNUM), retrieved from FRED.