Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Israel
PGDPUSILA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.97
Year-over-Year Change
5.03%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Israel's per capita gross domestic product (GDP) relative to the United States, adjusted for purchasing power parity. It provides insight into the comparative living standards and economic productivity between the two countries.
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 Purchasing Power Parity Converted GDP Per Capita Relative to the United States metric compares the output of goods and services produced per person in Israel to the United States, taking into account differences in the cost of living between the countries. This helps analysts assess the relative prosperity and development levels.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Historical Context
This trend is valuable for policymakers, investors, and economists to evaluate economic performance and competitiveness.
Key Facts
- Israel's GDP per capita is currently 72.8% of the U.S. level.
- The gap has narrowed from 66.3% in 2000.
- Israel's economy has grown faster than the U.S. in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures Israel's per capita gross domestic product (GDP) relative to the United States, adjusted for differences in purchasing power and cost of living between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the comparative living standards and economic productivity between Israel and the United States, which is valuable for policymakers, investors, and economists assessing economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, investors, and economists to evaluate economic performance and competitiveness between Israel and the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the source, the U.S. Federal Reserve.
Related Trends
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Japan
PGD2USJPA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Panama
PGDPUSPAA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Tanzania
PGDPUSTZA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Djibouti
PGDPUSDJA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Sudan
PGDPUSSDA621NUPN
Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Taiwan
PGDPUSTWA621NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Israel (PGDPUSILA621NUPN), retrieved from FRED.