The economy of Israel grew at an annualized 6.8 percent in the second quarter of 2022, well above market expectations of 2.8 percent and following a revised 2.7 percent contraction in the previous quarter, first estimates showed. Both private consumption (10.4 percent vs. -1.1 percent in Q1 2022) and government spending (5.0 percent vs. -10.5 percent) rebounded, while gross fixed capital formation increased (7.7 percent vs. 0.4 percent). Regarding net trade, exports advanced 10.3 percent (vs. -4.3 percent in Q1) while imports grew 3.5 percent (vs. 14.3 percent in Q1). Economic activity expanded by 1.7 percent over the prior quarter on a seasonally adjusted basis. source: Central Bureau of Statistics, Israel
GDP Growth Annualized in Israel averaged 4.04 percent from 1995 until 2022, reaching an all time high of 39.30 percent in the third quarter of 2020 and a record low of -30.50 percent in the second quarter of 2020. This page provides the latest reported value for - Israel GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
GDP Growth Annualized in Israel is expected to be 4.20 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 Annualized is projected to trend around 4.00 percent in 2023, according to our econometric models.