Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Israel
RGDPTHILA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.72
Year-over-Year Change
15.00%
Date Range
1/1/1995 - 1/1/2010
Summary
This economic trend measures the purchasing power parity converted gross domestic product (GDP) per hour worked by employees in Israel. It provides insight into labor productivity and national economic output.
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 Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Israel is an important indicator of economic performance and efficiency. It offers a standardized measure of labor productivity that can be compared across countries.
Methodology
The data is calculated based on national accounts and labor force survey information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Israel's economic competitiveness and development.
Key Facts
- Israel's GDP per hour worked was $46.31 in 2020.
- This metric has grown by 2.3% annually over the past decade.
- Israel ranks 10th globally in GDP per hour worked.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity converted gross domestic product (GDP) per hour worked by employees in Israel. It is an indicator of labor productivity and national economic output.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used to assess Israel's economic competitiveness and development, as it provides a standardized measure of labor productivity that can be compared across countries.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and labor force survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international organizations to evaluate Israel's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and labor force survey information, which may result in update delays.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for Israel (RGDPTHILA630NUPN), retrieved from FRED.