National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Israel
NAEXKP02ILQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.05
Year-over-Year Change
-197.51%
Date Range
4/1/1995 - 1/1/2025
Summary
This economic trend measures private final consumption expenditure in Israel, adjusted for inflation, which is a key component of the country's gross domestic product (GDP).
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
Private final consumption expenditure represents household spending on goods and services, providing insight into consumer demand and economic activity. This metric is widely used by policymakers and analysts to evaluate Israel's economic performance and consumer behavior.
Methodology
The data is calculated by Israel's Central Bureau of Statistics based on national accounts information.
Historical Context
Trends in private consumption expenditure are closely monitored for their implications on inflation, monetary policy, and overall economic growth.
Key Facts
- Private consumption accounts for over 50% of Israel's GDP.
- Household spending has grown steadily in recent years.
- Inflation-adjusted private consumption is a leading economic indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures private final consumption expenditure in Israel, which represents household spending on goods and services, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a key component of GDP and provides insights into consumer demand, which is crucial for evaluating economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Israel's Central Bureau of Statistics based on national accounts information.
Q: How is this trend used in economic policy?
A: Trends in private consumption expenditure are closely monitored by policymakers and analysts for their implications on inflation, monetary policy, and overall economic growth.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revision and update delays from the original source.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Israel (NAEXKP02ILQ657S), retrieved from FRED.