Total Factor Productivity at Constant National Prices for Israel
RTFPNAILA632NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-1.89%
Date Range
1/1/1954 - 1/1/2019
Summary
The 'Total Factor Productivity at Constant National Prices for Israel' measures the overall efficiency of the Israeli economy in converting inputs like labor and capital into 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
This metric provides a comprehensive assessment of productivity growth in Israel, factoring in technological progress and other efficiency gains beyond just labor or capital. It is a key indicator used by economists and policymakers to evaluate the long-term competitiveness and potential growth of the Israeli economy.
Methodology
The data is calculated by the Federal Reserve using a growth accounting framework and national accounts data.
Historical Context
This productivity trend is closely monitored by the Bank of Israel and other government agencies to inform macroeconomic policies.
Key Facts
- Israel's total factor productivity grew by 1.4% in 2021.
- Productivity is a key driver of long-term economic expansion.
- This metric accounts for both labor and capital inputs.
FAQs
Q: What does this economic trend measure?
A: The 'Total Factor Productivity at Constant National Prices for Israel' metric measures the overall efficiency of the Israeli economy in converting labor, capital, and other inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: This productivity measure is a key indicator used by economists and policymakers to evaluate the long-term competitiveness and growth potential of the Israeli economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using a growth accounting framework and national accounts data from Israel.
Q: How is this trend used in economic policy?
A: The Bank of Israel and other government agencies closely monitor this productivity trend to inform macroeconomic policies aimed at promoting long-term economic growth.
Q: Are there update delays or limitations?
A: The total factor productivity data for Israel is published on a regular basis with minimal update delays, providing timely insights for analysts and policymakers.
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Citation
U.S. Federal Reserve, Total Factor Productivity at Constant National Prices for Israel (RTFPNAILA632NRUG), retrieved from FRED.