Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for West Bank and Gaza
WBGFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,246,274,400.00
Year-over-Year Change
168.06%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at other depository corporations for the West Bank and Gaza region. It provides insights into the region's financial services usage and liquidity conditions.
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, Liabilities: Outstanding Deposits at Other Depository Corporations for West Bank and Gaza metric tracks the total value of deposits held by individuals and businesses at banks and other depository institutions in the West Bank and Gaza region. It is an important indicator of financial inclusion and the overall health of the region's banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by policymakers and economists to assess the financial stability and development of the West Bank and Gaza region.
Key Facts
- The West Bank and Gaza region has a population of over 5 million people.
- Deposits at other depository corporations totaled $12.4 billion as of the latest report.
- Financial inclusion remains a key challenge in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at banks and other depository institutions in the West Bank and Gaza region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the region's financial services usage and liquidity conditions, which are important indicators of financial inclusion and overall economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the financial stability and development of the West Bank and Gaza region.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive view of deposit activity in the region.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for West Bank and Gaza (WBGFCLODXDC), retrieved from FRED.