Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Israel
PCDGDPILA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,804.59
Year-over-Year Change
47.87%
Date Range
1/1/1950 - 1/1/2010
Summary
This metric measures the per capita domestic absorption of goods and services in Israel, adjusted for purchasing power parity. It provides insights into the standard of living and economic development of the country.
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
Purchasing power parity (PPP) conversion adjusts domestic absorption data to account for differences in price levels across countries, allowing for more accurate cross-country comparisons. This metric is widely used by economists and policymakers to evaluate economic performance and living standards.
Methodology
The data is calculated by the OECD using the Geary-Khamis (GK) method to convert national accounts aggregates to a common currency.
Historical Context
This trend is a key indicator for assessing Israel's economic development and informing fiscal and monetary policies.
Key Facts
- Israel's per capita domestic absorption was $36,570 in 2020.
- This metric has grown by an average of 2.5% annually over the past decade.
- Israel's domestic absorption is higher than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the per capita domestic absorption of goods and services in Israel, adjusted for purchasing power parity. It provides insights into the standard of living and economic development of the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to evaluate economic performance and living standards, as the purchasing power parity adjustment allows for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis (GK) method to convert national accounts aggregates to a common currency.
Q: How is this trend used in economic policy?
A: This trend is a key indicator for assessing Israel's economic development and informing fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological adjustments of the OECD, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Israel (PCDGDPILA620NUPN), retrieved from FRED.