The Gross Domestic Product (GDP) in Israel expanded 3.80 percent in the fourth quarter of 2019 over the same quarter of the previous year. Israel GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. 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.

GDP Annual Growth Rate in Israel is expected to be 3.10 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 3.10 in 12 months time. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021, according to our econometric models.

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Israel GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.50 10.60 -3.20 1996 - 2019 percent Quarterly

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.