National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Israel
ISRIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128,884,000,000.00
Year-over-Year Change
69.54%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services in Israel's gross domestic product (GDP) at current prices. It provides insights into Israel's international trade and economic activity.
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 National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Israel metric represents the total value of imported goods and services that are subtracted from Israel's GDP calculation. This indicator is useful for analyzing Israel's trade balance and its dependence on foreign sources.
Methodology
The data is collected and calculated by Israel's Central Bureau of Statistics based on national accounts and trade statistics.
Historical Context
Policymakers and economists use this trend to assess Israel's economic performance and trade policies.
Key Facts
- Imports accounted for 30% of Israel's GDP in 2021.
- The value of imports has grown by 8% annually over the past 5 years.
- Israel has a trade deficit, with imports exceeding exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of imports of goods and services that are subtracted from Israel's gross domestic product (GDP) calculation at current prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Israel's international trade and economic activity, which is important for understanding the country's trade balance and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Israel's Central Bureau of Statistics based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Israel's economic performance and trade policies, as it reflects the country's dependence on foreign sources.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Israel (ISRIMPORTQDSMEI), retrieved from FRED.