Constant GDP per capita for Israel
NYGDPPCAPKDISR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,845.17
Year-over-Year Change
20.46%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Constant GDP per capita for Israel' trend measures the inflation-adjusted level of economic output per person in Israel. This key metric provides insight into the country's overall economic well-being and living standards.
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
Gross domestic product (GDP) per capita is a widely used economic indicator that represents a country's total economic output divided by its population. Tracking constant (inflation-adjusted) GDP per capita allows for meaningful comparisons over time by removing the effects of price changes.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and analysts monitor this trend to assess Israel's economic development and living standards relative to other countries.
Key Facts
- Israel's constant GDP per capita was $42,700 in 2021.
- GDP per capita in Israel has grown by over 60% since 2000.
- Israel ranks among the top 20 countries globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Israel' trend measures the total economic output of Israel divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into Israel's overall economic well-being and living standards, which is relevant for policymakers, investors, and economists analyzing the country's development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess Israel's economic progress and living standards relative to other countries, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, and may be subject to revisions by the data source.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Israel (NYGDPPCAPKDISR), retrieved from FRED.