Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Israel
ISRFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.74
Year-over-Year Change
11.34%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Israel as a percentage of its gross domestic product (GDP). It provides insights into the level of financial intermediation and the savings behavior of the Israeli 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 outstanding deposits with commercial banks in Israel represent the total value of funds held by individuals and businesses in deposit accounts at commercial banks operating in the country. This metric is an important indicator of the depth and development of the Israeli financial system and can shed light on the overall level of economic activity and confidence.
Methodology
The data is collected by the Bank of Israel and reported as a percentage of GDP.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the financial stability and growth potential of the Israeli economy.
Key Facts
- Israel's outstanding deposits with commercial banks were 82.3% of GDP in 2020.
- The deposits-to-GDP ratio has increased steadily over the past decade, indicating growing financial intermediation.
- High levels of commercial bank deposits are often associated with economic stability and financial development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits with commercial banks in Israel as a percentage of its gross domestic product (GDP). It provides insights into the level of financial intermediation and the savings behavior of the Israeli population.
Q: Why is this trend relevant for users or analysts?
A: The outstanding deposits with commercial banks in Israel is an important indicator of the depth and development of the Israeli financial system, and can shed light on the overall level of economic activity and confidence in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Israel and reported as a percentage of GDP.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and financial analysts to assess the financial stability and growth potential of the Israeli economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Israel, with minimal update delays. However, there may be limitations in terms of data coverage or accuracy, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Israel (ISRFCLODCGGDPPT), retrieved from FRED.