Geographical Outreach: Number of Commercial Banks for Israel
ISRFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
-40.91%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Israel, providing insights into the geographical reach and accessibility of banking services within the country.
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 Geographical Outreach: Number of Commercial Banks for Israel series tracks the total count of commercial banks with a physical presence in Israel. This metric is used by economists and policymakers to assess the financial infrastructure and banking sector development within the Israeli economy.
Methodology
The data is collected and reported by the Central Bank of Israel.
Historical Context
This trend is relevant for understanding the competitive landscape and accessibility of banking services for businesses and consumers in Israel.
Key Facts
- Israel had 20 commercial banks as of the latest data.
- The number of commercial banks in Israel has remained relatively stable over the past decade.
- The banking sector plays a vital role in supporting economic growth and investment in Israel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks with a physical presence and operations in Israel.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in a country is an important indicator of the financial infrastructure and accessibility of banking services for businesses and consumers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Israel.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the competitive landscape and development of the banking sector in Israel, which is crucial for supporting economic growth and investment.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Israel, with minimal delays in availability.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Israel (ISRFCIODCNUM), retrieved from FRED.