Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Israel
RGDPLPILA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,037.84
Year-over-Year Change
19.89%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Israel, derived from growth rates of consumption, government consumption, and investment. It provides insights into the economic productivity and standard of living in Israel.
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 PPP-converted GDP per capita trend adjusts for differences in price levels between countries, allowing for more accurate comparisons of economic output and living standards. This metric is widely used by economists and policymakers to evaluate economic performance and development.
Methodology
The data is calculated by the World Bank using the Laspeyres method based on growth rates of key national accounts components.
Historical Context
This trend is relevant for assessing Israel's economic competitiveness and living standards relative to other countries.
Key Facts
- Israel's PPP-converted GDP per capita was $43,302 in 2021.
- Israel's GDP per capita has grown by over 50% since 2000.
- Israel ranks among the top 20 countries globally by PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted gross domestic product (GDP) per capita for Israel, adjusting for differences in price levels to allow for more accurate comparisons of economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance and development in a global context, providing insights into Israel's competitiveness and standard of living relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Laspeyres method based on growth rates of key national accounts components, including consumption, government consumption, and investment.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP-adjusted GDP per capita trend to assess Israel's economic performance, inform policy decisions, and benchmark the country's living standards and productivity against international peers.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Israel (RGDPLPILA625NUPN), retrieved from FRED.