Overall Fiscal Balance for General Government for West Bank and Gaza
WBGGGBGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.39
Year-over-Year Change
-57.58%
Date Range
1/1/2005 - 1/1/2023
Summary
The Overall Fiscal Balance for General Government for West Bank and Gaza measures the difference between government revenue and expenditure as a percentage of GDP. This metric is crucial for assessing the fiscal sustainability and economic stability of the region.
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 Overall Fiscal Balance for General Government tracks the net borrowing or lending position of the public sector, providing insights into the government's ability to manage its finances. This data is widely used by economists, policymakers, and international organizations to evaluate the fiscal health and policy decisions in West Bank and Gaza.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on government financial statistics.
Historical Context
The fiscal balance is a key indicator for monitoring economic performance and informing fiscal and monetary policies in the region.
Key Facts
- The fiscal balance averaged -13.4% of GDP in West Bank and Gaza between 2015-2019.
- A negative fiscal balance indicates the government is spending more than it is earning.
- Improving the fiscal balance is a key priority for economic development in the region.
FAQs
Q: What does this economic trend measure?
A: The Overall Fiscal Balance for General Government measures the difference between government revenue and expenditure as a percentage of GDP in West Bank and Gaza.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the fiscal sustainability and economic stability of the region, as it provides insights into the government's ability to manage its finances.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on government financial statistics.
Q: How is this trend used in economic policy?
A: The fiscal balance is a key indicator for monitoring economic performance and informing fiscal and monetary policies in West Bank and Gaza.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological decisions of the IMF.
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Citation
U.S. Federal Reserve, Overall Fiscal Balance for General Government for West Bank and Gaza (WBGGGBGDPGDPPT), retrieved from FRED.