Output-side Real GDP at Current Purchasing Power Parities for Israel
CGDPOSILA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
329,783.31
Year-over-Year Change
55.16%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Israel on the output side, adjusted for purchasing power parity (PPP). It provides insight into the size and growth of Israel's economy relative to other countries.
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 output-side real GDP at current PPPs is an important indicator of a country's economic performance. It allows for meaningful international comparisons by accounting for differences in price levels across countries, giving a more accurate picture of relative living standards and production capacity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Israel's economic development and competitiveness.
Key Facts
- Israel's output-side real GDP at current PPPs was $395.7 billion in 2021.
- This trend has grown at an average annual rate of 3.7% over the past decade.
- Israel's GDP per capita at current PPPs was $42,660 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Israel, adjusted for purchasing power parity (PPP). It provides a more accurate picture of the size and growth of Israel's economy relative to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Israel's economic performance and competitiveness. It allows for meaningful international comparisons by accounting for differences in price levels across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze Israel's economic development and competitiveness.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with some potential delays in data reporting and availability.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Israel (CGDPOSILA666NRUG), retrieved from FRED.