The gross domestic product of Israel advanced 0.8 percent on quarter in the three months to December of 2018, above preliminary estimates of 0.7 percent and after a 0.7 percent expansion in the previous quarter. On a yearly basis, GDP expanded 3.1 percent, higher than earlier estimates of 3 percent and following an upwardly revised 2.8 percent rise in Q3. Considering 2018, the economy grew 3.3 percent, slowing from a 3.5 percent gain in 2017 and matching earlier estimates. GDP Growth Rate in Israel averaged 0.95 percent from 1980 until 2018, reaching an all time high of 4.30 percent in the second quarter of 1984 and a record low of -1.10 percent in the first quarter of 1986.
GDP Growth Rate in Israel is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Israel to stand at 0.90 in 12 months time. In the long-term, the Israel GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.