Production: Construction: Total for Israel
PRCNTO01ILQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,626,387,770.00
Year-over-Year Change
38.43%
Date Range
1/1/2012 - 4/1/2023
Summary
The 'Production: Construction: Total for Israel' trend measures the total output of the construction industry in Israel. It is a key indicator of economic activity and investment.
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 economic indicator tracks the overall volume of construction output in Israel, including residential, commercial, and infrastructure projects. It is used by economists and policymakers to assess the health and trajectory of the Israeli economy.
Methodology
The data is collected and calculated by the Central Bureau of Statistics in Israel.
Historical Context
Construction activity is closely tied to broader economic trends and government policies.
Key Facts
- Construction accounts for around 5% of Israel's GDP.
- Output declined sharply during the COVID-19 pandemic.
- Housing construction is a key driver of the sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of construction activity and output in Israel, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: Construction is a critical component of the Israeli economy, and this indicator provides insight into overall economic health and investment levels.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bureau of Statistics in Israel.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this construction output data to assess the strength of the Israeli economy and inform decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the statistical agency, and may have a short lag period before publication.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Israel
ISRCP040500GPM
Infra-Annual Labor Statistics: Inactivity Rate Total: 15 Years or over for Israel
LRINTTTTILA156N
Leading Indicators OECD: Component Series: Exports of Goods: Original Series for Israel
LOCOXGORILQ668S
Sales: Retail Trade: Total Retail Trade: Volume for Israel
SLRTTO01ILA657S
Consumer Price Index: All Items: Total for Israel
CPALTT01ILA657N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Israel
LRHUTTTTILM156S
Citation
U.S. Federal Reserve, Production: Construction: Total for Israel (PRCNTO01ILQ189S), retrieved from FRED.