The Gross Domestic Product (GDP) in Israel expanded 15 percent in the second quarter of 2021 over the same quarter of the previous year. source: Central Bureau of Statistics, Israel

GDP Annual Growth Rate in Israel averaged 3.55 percent from 1996 until 2021, reaching an all time high of 15 percent in the second quarter of 2021 and a record low of -8.50 percent in the second quarter of 2020. This page provides the latest reported value for - Israel GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2021.

GDP Annual Growth Rate in Israel is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 4.30 percent in 2022 and 3.20 percent in 2023, according to our econometric models.

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Israel GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.00 -0.50 15.00 -8.50 1996 - 2021 percent Quarterly

Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.92 -0.40 8.80 -9.10 percent [+]
GDP Annual Growth Rate 15.00 -0.50 15.00 -8.50 percent [+]
GDP Growth Annualized 16.60 -1.40 40.10 -31.80 percent [+]
GDP 401.95 395.10 401.95 2.51 USD Billion [+]
GDP Constant Prices 359215.00 332645.30 359215.00 138622.70 ILS Million [+]
Gross National Product 381698.30 343652.00 381698.30 69455.30 ILS Million [+]
Gross Fixed Capital Formation 73570.60 70656.70 73570.60 32668.00 ILS Million [+]
GDP per capita 33817.42 35286.86 35286.86 8789.02 USD [+]
GDP per capita PPP 38341.31 40007.32 40007.32 23543.29 USD [+]
GDP From Agriculture 3393.00 3722.60 4638.00 1779.40 ILS Million [+]
GDP From Construction 18471.90 19403.20 19746.00 8529.70 ILS Million [+]
GDP From Manufacturing 42173.20 44206.70 44206.70 26232.80 ILS Million [+]
GDP From Public Administration 49270.50 45897.90 49270.50 27521.40 ILS Million [+]
GDP From Services 36064.80 34218.90 37875.00 13345.00 ILS Million [+]
GDP From Transport 8834.10 8953.60 11379.50 3557.10 ILS Million [+]
GDP From Utilities 4424.10 4910.20 6950.50 2271.60 ILS Million [+]


Israel GDP Annual Growth Rate
Israel is the most technologically advanced and developed market economy in the Middle East. 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.