The economy of Israel advanced an annualized 6.3 percent on quarter in the last three months of 2020, following an upwardly revised 41.5 percent growth in the previous period. Private consumption eased to 18.2 percent (vs 42.2 percent Q3), while fixed investment surged 66.1 percent (vs 17.4 percent), and public spending growth jumped to 26 percent (vs 8.5 percent). Considering full 2020, the GDP contracted 2.4 percent due to the coronavirus pandemic, following a 3.4 percent growth in 2019. Private spending shrank 9.4 percent and investment contracted 1.5 percent while exports edged up 0.6 percent. For 2021, the Bank of Israel projects a 6.3 percent growth, assuming the rapid inoculation continues, while Israel's Ministry of Finance sees the economy expanding by 4.6 percent. source: Central Bureau of Statistics, Israel

GDP Growth Annualized in Israel averaged 3.76 percent from 1995 until 2020, reaching an all time high of 39.70 percent in the third quarter of 2020 and a record low of -29.90 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 March of 2021.

GDP Growth Annualized 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 Growth Annualized in Israel to stand at 3.20 in 12 months time. In the long-term, the Israel GDP Growth Annualized is projected to trend around 3.20 percent in 2022, according to our econometric models.

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Israel GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
6.30 41.50 41.50 -29.90 1995 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-16 11:00 AM GDP Growth Annualized 1st Est Q3 37.9% -29.8% 24% 30%
2020-12-16 11:00 AM GDP Growth Annualized 2nd Est Q3 38.9% -29.2% 37.9%
2021-01-17 11:00 AM GDP Growth Annualized 3rd Est Q3 39.7% -29.9% 38.9%
2021-02-16 11:00 AM GDP Growth Annualized 1st Est Q4 6.3% 41.5% 13%
2021-03-10 11:00 AM GDP Growth Annualized 2nd Est Q4 41.5% 6.3%
2021-04-18 10:00 AM GDP Growth Annualized 3rd Est Q4
2021-05-18 10:00 AM GDP Growth Annualized 1st Est Q1
2021-06-16 10:00 AM GDP Growth Annualized 2nd Est Q1
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News Stream
Israel GDP Grows 6.3% in Q4
The economy of Israel advanced an annualized 6.3 percent on quarter in the last three months of 2020, following an upwardly revised 41.5 percent growth in the previous period. Private consumption eased to 18.2 percent (vs 42.2 percent Q3), while fixed investment surged 66.1 percent (vs 17.4 percent), and public spending growth jumped to 26 percent (vs 8.5 percent). Considering full 2020, the GDP contracted 2.4 percent due to the coronavirus pandemic, following a 3.4 percent growth in 2019. Private spending shrank 9.4 percent and investment contracted 1.5 percent while exports edged up 0.6 percent. For 2021, the Bank of Israel projects a 6.3 percent growth, assuming the rapid inoculation continues, while Israel's Ministry of Finance sees the economy expanding by 4.6 percent.
2021-02-16
Israel Q3 GDP Recovers More than Initially Thought
The economy of Israel advanced an annualized 39.7% on quarter in the third quarter of 2020, compared with a second estimate of a 38.9% expansion and a record slump of 29.9% between April and June, final estimates showed. Private consumption advanced 42.3% (vs -44% in Q2) and fixed investment increased 17.2% (vs -34.1% in Q2). In addition, net external demand contributed positively to the GDP as exports jumped 59.7% (vs -28.6% in Q2) while imports fell 1.8% (vs -40.5% in Q2). Meanwhile, public spending growth eased to 8.4% from 16.8%. The central bank of Israel projects the GDP will plunge by as much as 3.7% this year but will grow by 6.3% in 2021, assuming the rapid inoculation continues. At the same time, Israel's Ministry of Finance sees the economy shrinking by 3.3%, before expanding by 4.6% in 2021.
2021-01-17
Israel Q3 GDP Growth Revised Higher
The economy of Israel grew an annualized 38.9 percent in the third quarter of 2020, compared with a preliminary reading of 37.9 percent and a record slump of 29.2 percent seen in the April-June period, a second estimate showed. Private consumption advanced 42.3 percent (vs -43.7 percent in Q2) and fixed investment increased 15.1 percent (vs -34.2 percent in Q2). In addition, net external demand contributed positively to the GDP as exports jumped 57.5 percent (vs -28.5 percent in Q2) and imports fell 1.8 percent (vs -40.4 percent in Q2). Meanwhile, public spending growth eased to 5.6 percent from 22.6 percent.
2020-12-16
Israel GDP Growth Beats Forecasts in Q3
The GDP in Israel expanded an annualized record rate of 37.9 percent in the three months to September of 2020, following a record 29.8 percent contraction in the previous period, as the economy tries to recover from the coronavirus crisis. Figures came well above a 24 percent surge markets were expecting. Consumer spending (42 percent vs -43.7 percent), exports (63.9 percent vs -28.5 percent) and investment (7.3 percent vs -34.9 percent) rose sharply, according to preliminary estimates. The central bank expects the economy to shrink 6.5 percent in 2020.
2020-11-16

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.