Israel is at the top of the world in the value of the average financial assets of households

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by Ifi Reporter Category:Capital Market Apr 13, 2022

The average credit to a household in Israel in 2020, the first corona year, amounted to NIS 246.6 thousand, most of which was bank credit. This is an increase of only 2.3% compared to 2019, when the average credit amounted to NIS 240.7 thousand. At the same time, this is a much sharper increase of about 17% compared to 2016, when the average household credit amounted to NIS 219.1 thousand.
This emerges from data published today (Tuesday) by the Central Bureau of Statistics (CBS), according to which credit to all households in Israel reached NIS 668 billion in 2020 - 1.5 times the state budget.
The data reveal that the total financial assets of households at the end of 2020 were NIS 3.505 trillion. The average financial assets per household in Israel was 1.29 million, an increase of 4.7% compared to 2019, which was mainly affected by an increase in the market value of cash, deposits and insurance reserves.

An international comparison shows that the State of Israel is at the top of the world, in ninth and most respectable place, in the value of the average financial assets of households per capita among the developed countries.

The first is Denmark with an average value of NIS 249,000 per capita, the second is the Netherlands - NIS 216,000 per capita, the third is Luxembourg - NIS 212,000 per capita and Israel is ninth with an asset value of NIS 120,000 per capita, more than France (111,000), Germany (103 thousand), Italy (95 thousand), Finland (79 thousand) Spain (69 thousand) and Poland (18 thousand).
The data in the National Balance Sheet Accounts document for 2020 further reveal that the total national property in Israel in 2020 amounted to NIS 3.835 trillion, 2.74 times the state's gross domestic product, and amounted to NIS 416,000 per capita in Israel.
The market value of the financial assets of the financial sector was NIS 3.959 billion and the value of its liabilities, excluding shares, was NIS 3.811 billion. The market value of the financial assets of the non-financial business companies segment in Israel was NIS 1.327 trillion and the value of liabilities of this segment, excluding shares, was NIS 1.021 trillion.
The CBS data also show that the market value of the government sector's financial assets was NIS 351 billion and its liabilities were NIS 1.230 trillion, slightly lower than the State of Israel's GDP that year, which stood at NIS 1.401 trillion (gross).
The market value of the financial assets of the government sector was NIS 351 billion and the value of its liabilities was NIS 1.230 trillion, slightly lower than the GDP of the State of Israel that year, which stood at NIS 1.401 trillion (gross).

 

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