National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Israel
Growth rate same period previous year, Annual
ISRGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-73.07%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate same period previous year, Annual trend measures the year-over-year change in a country's gross domestic product (GDP). This key indicator provides insights into the overall health and growth trajectory of an economy.
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 annual growth rate metric compares a country's current GDP to the same period in the previous year, expressed as a percentage change. Economists and policymakers use this trend to analyze economic performance, identify growth patterns, and inform policy decisions.
Methodology
The data is calculated by the International Monetary Fund (IMF) based on quarterly or annual GDP statistics.
Historical Context
The growth rate is a crucial input for assessing a country's macroeconomic conditions and is closely monitored by financial markets, central banks, and international organizations.
Key Facts
- The growth rate is expressed as a percentage change.
- It compares current GDP to the same period in the previous year.
- This metric is a key indicator of a country's economic health and development.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual trend measures the year-over-year change in a country's gross domestic product (GDP), providing insights into the overall economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is a crucial indicator used by economists, policymakers, and financial markets to assess a country's macroeconomic conditions, identify growth patterns, and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) based on quarterly or annual GDP statistics.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by central banks, governments, and international organizations to evaluate economic performance and guide policy decisions aimed at promoting sustainable growth and development.
Q: Are there update delays or limitations?
A: The annual growth rate data may be subject to revisions and update delays, as it relies on the availability of GDP statistics from national statistical agencies.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (ISRGDPRAPSMEI), retrieved from FRED.