The economy of Israel expanded an annualized 2.3 percent on quarter in the third quarter of 2018, following a downwardly revised 1.2 percent growth in the previous period. Figures came slightly below market expectations of 2.4 percent, preliminary estimates showed. Fixed capital formation fell more (-6.3 percent compared to -4.6 percent) while private spending (2.1 percent compared to -2.6 percent) and government consumption (9.5 percent compared to -3.3 percent) rebounded. Also, exports recovered (7.2 percent compared to -0.8 percent) and imports fell faster (-5 percent compared to -1.9 percent). On a quarterly basis, the economy advanced 0.6 percent, higher than 0.3 percent in Q2. GDP Growth Annualized in Israel averaged 3.80 percent from 1995 until 2018, reaching an all time high of 17.40 percent in the second quarter of 1999 and a record low of -4.30 percent in the first quarter of 2001.
GDP Growth Annualized in Israel is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Israel to stand at 3.86 in 12 months time. In the long-term, the Israel GDP Growth Annualized is projected to trend around 3.60 percent in 2020, according to our econometric models.