Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Israel
ISRFCRODCPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,126,362.00
Year-over-Year Change
20.23%
Date Range
1/1/2004 - 1/1/2011
Summary
This economic trend measures the use of financial services by borrowers in Israel, specifically the number of persons borrowing from commercial banks. It provides insight into the level of financial intermediation and access to credit in the Israeli 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
The 'Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Israel' series tracks the total number of individuals who have obtained loans or other credit facilities from commercial banks operating in Israel. This metric is used by economists and policymakers to assess the depth and breadth of financial inclusion within the country.
Methodology
The data is collected by the Bank of Israel through surveys and reports from the commercial banking sector.
Historical Context
This trend is relevant for understanding the functioning of Israel's financial system and the ability of households and businesses to access credit to support economic activity.
Key Facts
- Israel has a well-developed banking sector with a high level of financial inclusion.
- The number of persons borrowing from commercial banks in Israel has remained relatively stable in recent years.
- Access to credit is an important driver of economic growth and development in Israel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals in Israel who have obtained loans or other credit facilities from commercial banks operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and access to credit within the Israeli economy, which is an important factor for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Israel through surveys and reports from the commercial banking sector.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the functioning of Israel's financial system and the ability of households and businesses to access credit to support economic activity.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Israel, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Israel (ISRFCRODCPENUM), retrieved from FRED.