Balance of Payments: Services: Expenditure for Israel
ISRB6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.32
Year-over-Year Change
3.94%
Date Range
1/1/1995 - 10/1/2024
Summary
The 'Balance of Payments: Services: Expenditure for Israel' trend measures spending on services by U.S. residents in Israel. This metric provides insights into trade in services between the two economies.
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 expenditures by U.S. residents on various services in Israel, including travel, transportation, and other service categories. It is an important component of the broader U.S. balance of payments data, shedding light on the services trade relationship between the two countries.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of U.S. residents and businesses.
Historical Context
This metric is used by policymakers and analysts to assess the services trade balance and overall economic ties between the U.S. and Israel.
Key Facts
- Data available monthly since 1999.
- Expenditures peaked at $2.7 billion in 2019.
- Services trade is an important component of overall U.S.-Israel economic relationship.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks expenditures by U.S. residents on various services in Israel, including travel, transportation, and other service categories.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the services trade relationship between the U.S. and Israel, which is an important component of the broader economic ties between the two countries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of U.S. residents and businesses.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the services trade balance and overall economic relationship between the U.S. and Israel.
Q: Are there update delays or limitations?
A: The data is available monthly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Israel (ISRB6DBSE02STSAQ), retrieved from FRED.