National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Israel
NAEXKP07ILQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,407,161,000.00
Year-over-Year Change
38.96%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services in Israel, adjusted for inflation. It is a critical component of the country's gross domestic product (GDP) calculation.
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 'National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Israel' series represents the real, inflation-adjusted value of all goods and services imported into Israel. This metric is used to calculate the total domestic economic output and is an important indicator of a country's trade balance and international competitiveness.
Methodology
The data is collected and calculated by the Israeli Central Bureau of Statistics.
Historical Context
This economic indicator is closely monitored by policymakers, analysts, and investors to assess Israel's trade dynamics and economic performance.
Key Facts
- Imports accounted for 32% of Israel's GDP in 2021.
- Israel's imports of goods and services have grown by 4.2% annually on average over the past decade.
- Machinery and transport equipment make up the largest share of Israel's imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of all goods and services imported into Israel, which is a critical component of the country's GDP calculation.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, economists, and investors to assess Israel's trade dynamics, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Israel's trade balance, inform trade policy decisions, and assess the country's economic health and growth prospects.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Israel (NAEXKP07ILQ652S), retrieved from FRED.