Purchasing Power Parity over GDP for Israel
PPPTTLILA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.77
Year-over-Year Change
-0.31%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Israel measures the relative purchasing power of the Israeli economy compared to other countries. It is an important indicator for economists and policymakers to assess Israel's economic competitiveness and living standards.
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
Purchasing Power Parity (PPP) is an economic theory that compares different countries' currencies through a 'basket' of goods. The PPP over GDP ratio for Israel reflects how the real purchasing power of the Israeli economy compares to the global average, providing insights into its cost of living and trade dynamics.
Methodology
The data is calculated by the World Bank using price surveys and GDP figures.
Historical Context
Policymakers and investors use this PPP metric to evaluate Israel's economic performance and competitiveness within the global marketplace.
Key Facts
- Israel's PPP over GDP ratio was 0.672 in 2020.
- A higher PPP ratio indicates greater purchasing power and lower cost of living.
- Israel's PPP ratio has gradually declined since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Purchasing Power Parity (PPP) over GDP ratio for Israel measures the purchasing power of the Israeli economy compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This PPP metric provides insights into Israel's economic competitiveness, cost of living, and standard of living relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this PPP ratio to evaluate Israel's economic performance and competitiveness within the global marketplace.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Israel (PPPTTLILA618NUPN), retrieved from FRED.