Price Level of Government Consumption for Israel
PLGCPPILA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
32.72%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Israel measures the relative price level of government consumption expenditures in the country. This metric is important for economists and policymakers to assess the affordability and efficiency of government spending.
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 series represents the price level of government consumption expenditures, including public services and goods purchased by the Israeli government. It is used to compare the costs of government consumption between countries and over time, providing insight into fiscal policy and budgetary constraints.
Methodology
The data is calculated based on national accounts and government spending figures reported by the Israeli Central Bureau of Statistics.
Historical Context
The price level of government consumption is a key input for assessing the real purchasing power of public funds and the fiscal health of the Israeli economy.
Key Facts
- Israel's government consumption price level was 79.78 in 2021.
- The price level has declined by 20% since 2010.
- Government consumption accounts for about 20% of Israel's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Israel. It compares the cost of public goods and services purchased by the Israeli government to a global reference level.
Q: Why is this trend relevant for users or analysts?
A: The price level of government consumption is an important indicator for assessing the affordability and efficiency of public spending in Israel. It provides insight into fiscal policy constraints and the real purchasing power of government funds.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and government spending figures reported by the Israeli Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the government consumption price level to evaluate the fiscal health of the Israeli economy and the real value of public expenditures. It informs budgetary decisions and assessments of government spending power.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so the most recent figures may not fully reflect the current economic conditions in Israel.
Related Trends
Price Level of Capital Formation for Bosnia and Herzegovina
PLICPPBAA670NRUG
Price Level of Exports for Paraguay
PLXCPPPYA670NRUG
Price Level of Household Consumption for the Plurinational State of Bolivia
PLCCPPBOA670NRUG
Price Level of Household Consumption for Ireland
PLCCPPIEA670NRUG
Price Level of Government Consumption for Namibia
PLGCPPNAA670NRUG
Price Level of Imports for Belgium
PLMCPPBEA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Israel (PLGCPPILA670NRUG), retrieved from FRED.