Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Israel
ISRPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.74
Year-over-Year Change
51.65%
Date Range
1/1/1995 - 10/1/2023
Summary
This economic trend measures the number of permits issued for the construction of buildings in Israel, providing insights into the level of construction activity and economic growth.
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 permits issued for the construction of buildings in Israel is a key indicator of construction activity and overall economic conditions. It reflects the demand for new housing, commercial, and industrial spaces, and is used by economists and policymakers to assess the health of the construction sector and broader economy.
Methodology
The data is collected by the Israeli Central Bureau of Statistics through administrative records of building permits issued.
Historical Context
This trend is closely monitored by government agencies, investors, and analysts to gauge the strength of the Israeli real estate and construction markets.
Key Facts
- Building permits in Israel reached a high of 3,590 in 2022.
- The construction sector accounts for approximately 5% of Israel's GDP.
- Permits for residential buildings make up the majority of total permits issued.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of building permits issued for the construction of new buildings in Israel, which is a key indicator of construction activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, investors, and policymakers as it provides insights into the health of the Israeli real estate and construction markets, which are important drivers of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the Israeli Central Bureau of Statistics through administrative records of building permits issued.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies use this trend to assess the strength of the construction sector and broader economic conditions, which can inform decisions on housing, infrastructure, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the reporting of the most recent figures.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Permits Issued for Dwellings: Economic Activity: Construction of Buildings for Israel (ISRPERMITQISMEI), retrieved from FRED.