Israel | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
State of Israel
Records
63
Source
Israel | Broad money growth (annual %)
1960
1961 21.42857143
1962 35.29411765
1963 17.39130435
1964 23.33333333
1965 16.21621622
1966 17.05426357
1967 26.49006623
1968 21.46596859
1969 15.66091954
1970 19.8757764
1971 33.2642487
1972 -13.40381026
1973 22.65659866
1974 41.6259315
1975 37.10081204
1976 40.69829171
1977 63.1673501
1978 3.90892933
1979 57.73192813
1980 142.59557334
1981 829.30697771
1982 141.84756416
1983 206.87035803
1984 510.18444876
1985 168.54598518
1986 20.7508737
1987 27.23778594
1988 22.25129838
1989 21.06806406
1990 19.42292004
1991 17.72588693
1992 26.468268
1993 21.96632631
1994 24.59338598
1995 21.67365105
1996 24.98485223
1997 14.95441392
1998 19.65253555
1999 15.53863747
2000 8.02064291
2001 8.61029385
2002 11.04486922
2003 -0.06677648
2004 7.23100695
2005 10.03201851
2006 6.94490271
2007 -20.42963723
2008 12.51884975
2009 5.78903719
2010 3.13265366
2011 11.55630536
2012 6.30058361
2013 8.5267354
2014 11.82546267
2015 4.21600383
2016 5.75749223
2017 5.20634779
2018 4.2070457
2019 7.51590184
2020 22.02015778
2021 15.39527425
2022 6.57511869

Israel | Broad money growth (annual %)

Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.
Publisher
The World Bank
Origin
State of Israel
Records
63
Source