The Gross Domestic Product (GDP) in Israel expanded 3.20 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Israel averaged 3.73 percent from 1996 until 2019, reaching an all time high of 10.60 percent in the third quarter of 2000 and a record low of -3.20 percent in the fourth quarter of 2001.
GDP Annual Growth Rate in Israel is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Israel to stand at 3.60 in 12 months time. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.