Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Israel
ISRFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,064.86
Year-over-Year Change
0.29%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of depositors with commercial banks per 1,000 adults in Israel. It provides insights into financial inclusion and the utilization of banking services in 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 'Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Israel' series tracks the accessibility and adoption of commercial banking services among the adult population in Israel. This metric is used by economists and policymakers to assess financial inclusion and the overall health of the banking system.
Methodology
The data is collected and reported by the World Bank using household survey information.
Historical Context
This trend is relevant for understanding the depth of Israel's financial sector and informing policies aimed at promoting financial inclusion.
Key Facts
- The number of depositors with commercial banks per 1,000 adults in Israel was 818.63 in 2017.
- Israel's financial inclusion rate, as measured by this indicator, is higher than the global average.
- The trend has shown steady growth over the past decade, indicating improved access to banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with commercial banks per 1,000 adults in Israel. It provides insights into the level of financial inclusion and the utilization of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the depth and accessibility of Israel's financial sector, which is important for economic development and assessing the effectiveness of financial inclusion policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using household survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers in Israel to monitor financial inclusion and inform policies aimed at promoting greater access to banking services and financial products.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a delay of up to two years in the most recent information being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Israel (ISRFCDODCANUM), retrieved from FRED.