The Gross Domestic Product (GDP) in Israel expanded 0.60 percent in the third quarter of 2021 over the previous quarter. source: Central Bureau of Statistics, Israel

GDP Growth Rate in Israel averaged 0.92 percent from 1980 until 2021, reaching an all time high of 8.80 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 December of 2021.

GDP Growth Rate in Israel is expected to be 1.00 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 2022, according to our econometric models.

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Israel GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-10-17 10:00 AM QoQ 3rd Est Q2 3.9% -0.4% 3.9%
2021-11-16 11:00 AM QoQ 1st Est Q3 0.6% 1% 1%
2021-12-30 11:00 AM QoQ 2st Est Q3 0.6%

Related Last Previous Unit Reference
GDP Growth Rate 0.60 1.00 percent Sep/21
GDP Growth Annualized 2.40 13.70 percent Sep/21
GDP Annual Growth Rate 5.90 15.40 percent Sep/21
GDP Constant Prices 359607.30 359215.00 ILS Million Sep/21
Gross National Product 380815.00 381698.30 ILS Million Sep/21
Gross Fixed Capital Formation 75974.10 73570.60 ILS Million Sep/21
GDP From Public Administration 47058.10 49270.50 ILS Million Sep/21
GDP From Utilities 4424.10 4910.20 ILS Million Mar/21
GDP From Transport 8834.10 8953.60 ILS Million Mar/21
GDP From Services 36064.80 34218.90 ILS Million Mar/21
GDP From Manufacturing 42173.20 44206.70 ILS Million Mar/21
GDP From Construction 18471.90 19403.20 ILS Million Mar/21
GDP From Agriculture 3393.00 3722.60 ILS Million Mar/21
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.