The Gross Domestic Product (GDP) in Israel expanded 1 percent in the third quarter of 2019 over the previous quarter.

GDP Growth Rate in Israel averaged 0.95 percent from 1980 until 2019, 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. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Rate in Israel is expected to be 0.90 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 1.20 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.

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Israel GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.20 4.30 -1.10 1980 - 2019 percent Quarterly
SA, 2010 prices

Calendar GMT Actual Previous Consensus TEForecast
2019-10-22 10:00 AM GDP Growth Rate QoQ 3st Est Q2 0.1% 1.1% 0.3%
2019-11-17 11:00 AM GDP Growth Rate QoQ 1st Est Q3 1.0% 0.2% 0.4%
2019-12-31 11:00 AM GDP Growth Rate QoQ 2st Est Q3 1.0% 0.2% 1.0%
2020-01-16 11:00 AM GDP Growth Rate QoQ 3rd Est Q3 1.0% 0.2% 1.0%
2020-02-17 11:00 AM GDP Growth Rate QoQ 1st Est Q4 1.0% 1.1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


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.

Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.20 4.30 -1.10 percent [+]
GDP Annual Growth Rate 3.33 3.20 10.60 -3.20 percent [+]
GDP Growth Annualized 4.10 0.90 18.10 -4.20 percent [+]
GDP 369.69 353.27 369.69 2.51 USD Billion [+]
GDP Constant Prices 336773.50 333443.80 336773.50 136916.40 ILS Million [+]
Gross National Product 359110.70 345639.40 359110.70 69455.30 ILS Million [+]
Gross Fixed Capital Formation 68895.60 69284.80 70126.00 32226.60 ILS Million [+]
GDP per capita 34788.70 34333.40 34788.70 8749.10 USD [+]
GDP per capita PPP 33661.00 33220.40 33661.00 20727.90 USD [+]
GDP From Agriculture 3262.90 3553.10 4629.10 1756.10 ILS Million [+]
GDP From Construction 18159.90 19135.80 19135.80 8445.70 ILS Million [+]
GDP From Manufacturing 40775.70 40980.60 41670.10 26337.60 ILS Million [+]
GDP From Public Administration 45579.50 46677.30 48505.70 26984.80 ILS Million [+]
GDP From Services 34365.00 34216.10 35009.90 12916.00 ILS Million [+]
GDP From Transport 10968.80 11280.30 11280.30 3683.50 ILS Million [+]
GDP From Utilities 5576.60 4926.40 6673.40 2282.70 ILS Million [+]