National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Israel
ISRGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
478,757,000,000.00
Year-over-Year Change
33.75%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Israel' measures the total economic output of Israel, providing a high-level snapshot of the country's economic performance.
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
This GDP data represents the market value of all final goods and services produced within Israel in a given time period, typically a quarter or a year. It is a widely used indicator for tracking economic growth and assessing the overall health of the Israeli economy.
Methodology
The data is collected and calculated by the Israeli Central Bureau of Statistics based on a comprehensive accounting of domestic production and expenditures.
Historical Context
Policymakers and analysts use this GDP data to inform fiscal, monetary, and economic policies.
Key Facts
- Israel's GDP reached a record high of $395.78 billion in 2021.
- GDP growth in Israel averaged 3.78% from 1995 to 2022.
- Services account for the largest share of Israel's GDP at around 70%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Israel, providing a comprehensive gauge of the country's economic output and performance.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used indicator for tracking economic growth and assessing the overall health of the Israeli economy, making this data highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Israeli Central Bureau of Statistics based on a comprehensive accounting of domestic production and expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this GDP data to inform fiscal, monetary, and economic policies, as it provides a high-level snapshot of the country's economic performance and growth trajectory.
Q: Are there update delays or limitations?
A: The GDP data is typically published on a quarterly basis, with some potential for slight delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Israel (ISRGDPNQDSMEI), retrieved from FRED.