The Gross Domestic Product (GDP) in Israel expanded 8.40 percent in the third quarter of 2020 over the previous quarter. It is s record growth rate, following a record 8.5 percent slump in the previous period due to the coronavirus crisis, preliminary estimates showed. source: Central Bureau of Statistics, Israel
GDP Growth Rate in Israel averaged 0.92 percent from 1980 until 2020, reaching an all time high of 8.40 percent in the third quarter of 2020 and a record low of -8.50 percent in the second quarter of 2020. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
GDP Growth Rate in Israel is expected to be 0.60 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 0.60 in 12 months time. In the long-term, the Israel GDP Growth Rate is projected to trend around 1.20 percent in 2021, according to our econometric models.