Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for West Bank and Gaza
WBGFCLOFIXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
349,000,000.00
Year-over-Year Change
138.35%
Date Range
1/1/2006 - 1/1/2021
Summary
This economic trend measures the outstanding deposits held by insurance corporations in the West Bank and Gaza region. It provides insights into the financial services usage and liability levels in this area.
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 Insurance Corporations for West Bank and Gaza tracks the total value of deposits maintained by insurance companies operating in the West Bank and Gaza. This metric offers visibility into the insurance sector's liquidity and the overall utilization of financial services in the region.
Methodology
The data is collected through surveys and reporting from insurance companies in the West Bank and Gaza.
Historical Context
This trend is relevant for understanding the development of the insurance industry and broader financial landscape in the West Bank and Gaza.
Key Facts
- The West Bank and Gaza region has a largely cash-based economy.
- Insurance penetration in the region is relatively low compared to global averages.
- Deposit-taking is an important revenue stream for insurance companies in the area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance corporations operating in the West Bank and Gaza region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial services utilization and the liquidity position of the insurance sector in the West Bank and Gaza, which is important for understanding the region's financial landscape.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from insurance companies operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the development of the financial services industry and assess the overall financial inclusion in the West Bank and Gaza region.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and collection due to the challenging economic and political environment in the West Bank and Gaza.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Insurance Corporations for West Bank and Gaza (WBGFCLOFIXDC), retrieved from FRED.