Real GDP at Constant National Prices for Israel
RGDPNAILA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344,039.44
Year-over-Year Change
51.06%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Israel' measures the total inflation-adjusted economic output of Israel. It is a key indicator used by economists and policymakers to assess the overall health and growth of the Israeli 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 series represents the real gross domestic product of Israel, adjusted for inflation, and serves as a comprehensive measure of the country's economic activity and production. It is a widely followed metric that provides insights into Israel's macroeconomic performance and can inform policy decisions.
Methodology
The data is collected and calculated by the national statistical agency of Israel.
Historical Context
Real GDP is a crucial metric used by central banks, governments, and financial markets to evaluate economic conditions and make informed policy choices.
Key Facts
- Israel's real GDP has grown by an average of 3.5% annually over the past decade.
- The services sector accounts for over 60% of Israel's real GDP.
- Real GDP per capita in Israel has more than doubled since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Israel' measures the total inflation-adjusted economic output of Israel, providing a comprehensive gauge of the country's economic activity and production.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial macroeconomic indicator used by economists, policymakers, and market participants to assess the overall health and growth of the Israeli economy, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the national statistical agency of Israel.
Q: How is this trend used in economic policy?
A: Real GDP is a key metric used by the Bank of Israel, the government, and other institutions to evaluate economic conditions and make informed policy choices, such as setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Israel (RGDPNAILA666NRUG), retrieved from FRED.