The economy of Israel contracted by 0.4 percent over the prior quarter on a seasonally adjusted basis in Q1 2022, following a downwardly revised 3.7 percent gain in the prior period, first estimates showed. source: Central Bureau of Statistics, Israel

GDP Growth Rate in Israel averaged 0.94 percent from 1980 until 2022, reaching an all time high of 8.70 percent in the third quarter of 2020 and a record low of -9.10 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 May of 2022.

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. In the long-term, the Israel GDP Growth Rate is projected to trend around 0.50 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Israel GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-14 10:00 AM QoQ 3rd Est Q4 4.2% 1.7% 4.1%
2022-05-16 10:00 AM QoQ 1st Est Q1 -0.4% 3.7% 0.7%
2022-06-16 10:00 AM QoQ 2nd Est Q1 3.7% -0.4%


Related Last Previous Unit Reference
GDP Growth Rate -0.40 3.70 percent Mar 2022
GDP Growth Annualized -1.60 15.60 percent Mar 2022
GDP Annual Growth Rate 9.02 9.62 percent Mar 2022
GDP Constant Prices 376863.90 378426.70 ILS Million Mar 2022
Gross National Product 401695.40 417304.00 ILS Million Mar 2022
Gross Fixed Capital Formation 80309.60 79775.80 ILS Million Mar 2022
Full Year GDP Growth 8.20 -2.20 percent Dec 2021
GDP From Public Administration 51267.80 50695.40 ILS Million Mar 2022
GDP From Utilities 4424.10 4910.20 ILS Million Mar 2021
GDP From Transport 8834.10 8953.60 ILS Million Mar 2021
GDP From Services 36064.80 34218.90 ILS Million Mar 2021
GDP From Manufacturing 42173.20 44206.70 ILS Million Mar 2021
GDP From Construction 18471.90 19403.20 ILS Million Mar 2021
GDP From Agriculture 3393.00 3722.60 ILS Million Mar 2021

Israel GDP Growth Rate
The main driver of Israeli economy is science and technology sector. As such, despite limited natural resources, its manufacturing and agriculture sectors are highly developed. The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 3.70 8.70 -9.10 1980 - 2022 percent Quarterly
SA, 2015 prices