Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Israel
KCPPPGILA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.18
Year-over-Year Change
-0.18%
Date Range
1/1/1950 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Israel measures the proportion of GDP dedicated to personal consumption. It is a key economic indicator used to analyze consumer trends and household spending patterns.
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 metric represents the share of total economic output in Israel that is attributed to personal consumption expenditures. It is an important measure of a country's economic structure and development, as consumption is a major driver of GDP growth.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Historical Context
Economists and policymakers monitor this trend to gauge consumer confidence and make informed decisions about fiscal and monetary policies.
Key Facts
- The consumption share reached a high of 57.5% in 2021.
- Israel's consumption share is lower than the OECD average of around 60%.
- Household consumption is a major component of Israel's economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Israel's GDP that is attributed to personal consumption expenditures, providing insight into the country's economic structure and consumer behavior.
Q: Why is this trend relevant for users or analysts?
A: The consumption share is a crucial indicator of consumer demand and confidence, which is important for understanding economic growth, fiscal and monetary policy, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to gauge consumer behavior and make informed decisions about fiscal and monetary policies that can stimulate or dampen consumer spending.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the consumption share is derived from national accounts data that is published on a periodic basis.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Israel (KCPPPGILA156NUPN), retrieved from FRED.