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.

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Israel GDP Growth Annualized



Calendar GMT Actual Previous Consensus TEForecast
2022-07-17 10:00 AM GDP Growth Annualized 3rd Est Q1 -1.8% 15.6% -1.9%
2022-08-16 10:00 AM GDP Growth Annualized 1st Est Q2 6.8% -2.7% 2.8% 1.1%
2022-09-14 10:00 AM GDP Growth Annualized 2nd Est Q2 -2.7% 6.8%


Related Last Previous Unit Reference
GDP Growth Rate 1.70 -0.70 percent Jun 2022
GDP Growth Annualized 6.80 -2.70 percent Jun 2022
GDP Annual Growth Rate 9.02 9.62 percent Mar 2022
GDP Constant Prices 395337.50 388908.40 ILS Million Jun 2022
Gross National Product 401695.40 417304.00 ILS Million Mar 2022
Gross Fixed Capital Formation 91541.50 89853.60 ILS Million Jun 2022
Full Year GDP Growth 8.20 -2.20 percent Dec 2021
GDP From Public Administration 51267.80 50695.40 ILS Million Mar 2022
GDP From Utilities 4424.10 4910.20 ILS Million Mar 2021
GDP From Transport 8834.10 8953.60 ILS Million Mar 2021
GDP From Services 36064.80 34218.90 ILS Million Mar 2021
GDP From Manufacturing 42173.20 44206.70 ILS Million Mar 2021
GDP From Construction 18471.90 19403.20 ILS Million Mar 2021
GDP From Agriculture 3393.00 3722.60 ILS Million Mar 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 -2.70 39.30 -30.50 1995 - 2022 percent Quarterly
SA

News Stream
Israel Economy Rebounds More Than Expected
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.
2022-08-16
Israel GDP Contraction Revised Down to 1.8% in Q1
The Israeli economy contracted at an annualized 1.8 percent in the first three months of 2022, slightly lower than 1.9 percent in the second estimate and posting the biggest decline since the second quarter of 2020. Decreases were seen in both private consumption (-0.7 percent) and government expenditure (-7.6 percent). Also, net trade contributed negatively as exports declined 12.7 percent while imports rose 17.8 percent. Meanwhile, gross fixed capital formation advanced 2.3 percent.
2022-07-18
Israel Economy Contracts 1.9% in Q1
Israel’s GDP contracted at an annualized rate of 1.9 percent in the first quarter of 2022, slightly faster than a preliminary estimate of 1.6 percent while following a 15.6 percent expansion in the previous period, second estimations showed. Both private (-1.5 percent vs. 18.1 percent in Q4 2021) and government spending (-7.6 percent vs. 12.8 percent) contracted while fixed capital formation expanded at a slower pace (2.1 percent vs. 14.9 percent). Exports tumbled 11.4 percent (vs. 24.3 percent in Q4), while imports surged 17.9 percent (vs. 28.6 percent in Q4). Economic activity contracted by 0.5 percent over the prior quarter on a seasonally adjusted basis.
2022-06-16