The gross domestic product in Israel expanded an annualized 1 percent in the second quarter of 2019, slowing from a downwardly revised 4.6 percent advance in the previous three-month period and in line with preliminary estimates, second estimates showed. It was the lowest growth rate since the first quarter of 2017, as both consumer spending (-1.1 percent vs 6 percent in Q1) and fixed investment (-8 percent vs 9.1 percent) fell. Meantime, government consumption rebounded (11.6 percent vs -2.1 percent) and net foreign demand contributed positively to growth, as exports rose 5.3 percent (vs 12.1 percent) and imports went up at a softer 3.4 percent (vs 4 percent). On a quarterly basis, the economy grew 0.3 percent, easing from a downwardly revised 1.1 percent expansion in Q1. GDP Growth Annualized in Israel averaged 3.81 percent from 1995 until 2019, reaching an all time high of 18.10 percent in the second quarter of 1999 and a record low of -4.20 percent in the first quarter of 2001.

GDP Growth Annualized in Israel is expected to be 3.80 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 3.40 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.

Israel GDP Growth Annualized
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-16 10:00 AM GDP Growth Annualized 2nd Est Q1 4.8% 3.8% 5.2%
2019-07-16 10:00 AM GDP Growth Annualized 3rd Est Q1 5% 3.9% 4.8%
2019-08-18 11:00 AM GDP Growth Annualized 1st Est Q2 1% 4.7% 1.2% 3.80%
2019-09-16 10:00 AM GDP Growth Annualized 2nd Est Q2 1% 4.6% 1%
2019-10-22 10:00 AM GDP Growth Annualized 3rd Est Q2 4.6% 1%
2019-11-17 11:00 AM GDP Growth Annualized 1st Est Q3 3.8%
2019-12-07 11:00 AM GDP Growth Annualized 2nd Est Q3 3.8%


Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 1.10 4.30 -1.10 percent [+]
GDP Annual Growth Rate 3.20 3.30 10.60 -3.20 percent [+]
GDP Growth Annualized 1.00 4.60 18.10 -4.20 percent [+]
GDP 369.69 353.27 369.69 2.51 USD Billion [+]
GDP Constant Prices 333686.90 332851.70 333686.90 136916.40 ILS Million [+]
Gross National Product 345639.40 344787.00 345901.70 69455.30 ILS Million [+]
Gross Fixed Capital Formation 71165.50 71735.70 71735.70 32226.60 ILS Million [+]
GDP per capita 34788.70 34333.40 34788.70 8749.10 USD [+]
GDP per capita PPP 33661.00 33220.40 33661.00 20727.90 USD [+]
GDP From Agriculture 3257.10 3553.10 4629.10 1756.10 ILS Million [+]
GDP From Construction 18159.90 19135.80 19135.80 8445.70 ILS Million [+]
GDP From Manufacturing 40775.70 40980.60 41670.10 26337.60 ILS Million [+]
GDP From Public Administration 46677.30 48505.70 48505.70 26984.80 ILS Million [+]
GDP From Services 34365.00 34216.10 35009.90 12916.00 ILS Million [+]
GDP From Transport 10968.80 11280.30 11280.30 3683.50 ILS Million [+]
GDP From Utilities 5576.60 4926.40 6673.40 2282.70 ILS Million [+]


Israel GDP Growth Annualized

GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 4.60 18.10 -4.20 1995 - 2019 percent Quarterly
SA




Related

Latest