Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for West Bank and Gaza
WBGFCRODCHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
523,993.00
Year-over-Year Change
145.83%
Date Range
1/1/2009 - 1/1/2023
Summary
This economic trend measures the use of financial services by households borrowing from commercial banks in the West Bank and Gaza. It provides insights into the financial activities and credit access of this population.
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 Borrowers: Households Borrowing from Commercial Banks for West Bank and Gaza metric tracks the number of households in this region that have taken out loans or credit from commercial banking institutions. This data point is valuable for understanding financial inclusion and the state of household-level credit markets.
Methodology
The data is collected through surveys and reporting from commercial banks operating in the West Bank and Gaza.
Historical Context
This trend is relevant for policymakers and economists analyzing financial sector development and access to credit in the Palestinian territories.
Key Facts
- The West Bank and Gaza have a population of over 5 million people.
- Household debt levels in the Palestinian territories are relatively low compared to other Middle Eastern countries.
- Access to formal financial services remains a challenge for many residents of the West Bank and Gaza.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of households in the West Bank and Gaza that have taken out loans or credit from commercial banks operating in the region.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into financial inclusion and household access to credit markets in the Palestinian territories, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from commercial banks operating in the West Bank and Gaza.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and institutions to analyze financial sector development and household-level access to credit in the Palestinian territories.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies due to the challenging political and economic environment in the West Bank and Gaza.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for West Bank and Gaza (WBGFCRODCHPENUM), retrieved from FRED.