Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for West Bank and Gaza
WBGFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.75
Year-over-Year Change
417.27%
Date Range
1/1/2009 - 1/1/2023
Summary
The 'Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for West Bank and Gaza' trend measures lending from commercial banks to small and medium enterprises in the West Bank and Gaza region. This metric provides insight into access to credit and financial inclusion for a key segment of the local economy.
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
This indicator tracks the outstanding value of loans from commercial banks to small and medium enterprises (SMEs) in the West Bank and Gaza. It serves as a proxy for the availability of credit and financing for the SME sector, which is a critical driver of economic growth and development in the region.
Methodology
The data is collected directly from commercial banks operating in the West Bank and Gaza by the Palestinian Monetary Authority.
Historical Context
Policymakers and analysts use this indicator to assess financial sector development and support for private enterprise in the West Bank and Gaza.
Key Facts
- SMEs account for over 90% of businesses in the West Bank and Gaza.
- Access to finance is a major constraint for SMEs in the region.
- Lending to SMEs is below 10% of total bank credit in the Palestinian territories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding value of loans from commercial banks to small and medium enterprises (SMEs) in the West Bank and Gaza region.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into financial inclusion and access to credit for a critical segment of the local economy in the West Bank and Gaza.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in the West Bank and Gaza by the Palestinian Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess financial sector development and support for private enterprise in the West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for West Bank and Gaza (WBGFCSODCSGGDPPT), retrieved from FRED.