Israel - Broad money growth (annual %)

The value for Broad money growth (annual %) in Israel was 22.22 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 829.31 in 1981 and a minimum value of -20.43 in 2007.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 21.43
1962 35.29
1963 17.39
1964 23.33
1965 16.22
1966 17.05
1967 26.49
1968 21.47
1969 15.66
1970 19.88
1971 33.26
1972 -13.40
1973 22.66
1974 41.63
1975 37.10
1976 40.70
1977 63.17
1978 3.91
1979 57.73
1980 142.60
1981 829.31
1982 141.85
1983 206.87
1984 510.18
1985 168.55
1986 20.75
1987 27.24
1988 22.25
1989 21.07
1990 19.42
1991 17.73
1992 26.47
1993 21.97
1994 24.59
1995 21.67
1996 24.98
1997 14.95
1998 19.65
1999 15.54
2000 8.02
2001 8.61
2002 11.04
2003 -0.07
2004 7.23
2005 10.03
2006 6.94
2007 -20.43
2008 12.52
2009 5.79
2010 3.13
2011 11.56
2012 6.30
2013 8.53
2014 11.83
2015 4.22
2016 5.76
2017 5.21
2018 4.21
2019 7.56
2020 22.22

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.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)