Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Israel
KGPPPGILA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.11
Year-over-Year Change
-21.89%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator tracks the share of government consumption in Israel's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the size and role of the public sector in the country's economy.
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 government consumption share of PPP-converted GDP per capita is a key measure of the relative size of the public sector in an economy. It represents the portion of a country's economic output that is consumed by the government, rather than by private individuals or businesses.
Methodology
The data is calculated based on national accounts information from the Israeli government.
Historical Context
Policymakers and analysts use this metric to assess the scope of government involvement in the economy and its potential impact on growth, investment, and other economic outcomes.
Key Facts
- Israel's government consumption share of PPP GDP per capita was 21.2% in 2020.
- The metric has remained relatively stable, ranging from 19-22% over the past decade.
- This indicates a moderately sized public sector compared to other developed economies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the share of total economic output in Israel that is consumed by the government, as opposed to private individuals or businesses.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP provides insight into the size and role of the public sector in the Israeli economy, which is relevant for assessing economic policies and growth prospects.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Israeli government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the scope of government involvement in the economy and its potential impact on factors like growth, investment, and fiscal policy.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it depends on the release of national accounts information by the Israeli government.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Israel (KGPPPGILA156NUPN), retrieved from FRED.