Israel’s economy grew at an annualized rate of 15.4% in the second quarter of 2026, revised upward from 14.9% in the second estimate and returning to the level reported in the first estimate. This followed a revised 1.5% contraction in the first quarter. Exports, excluding startups and diamonds, increased by 17.7%, up from 16.6% in the second estimate but below the initial estimate of 25.2%. Growth in government spending was revised upward to 22.4%, compared with 22.2% in the second estimate and 19.5% in the first estimate. Meanwhile, private consumption growth was revised down to 14.6% from 15.0% in the previous estimate. Investment in fixed assets was also weaker than initially reported, rising by 4.1% in both the second and latest estimates, compared with a 6.3% increase in the first estimate. For the first half of 2026, the annualized growth rate was 3.7%, up from 3.5% in the second estimate and 3.2% in the initial estimate. source: Central Bureau of Statistics, Israel

GDP Growth Annualized in Israel increased to 15.40 percent in the second quarter of 2026 from -1.50 percent in the first quarter of 2026. GDP Growth Annualized in Israel averaged 4.03 percent from 1995 until 2026, reaching an all time high of 39.90 percent in the third quarter of 2020 and a record low of -27.60 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 October of 2026.

GDP Growth Annualized in Israel increased to 15.40 percent in the second quarter of 2026 from -1.50 percent in the first quarter of 2026. GDP Growth Annualized in Israel is expected to be 5.50 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 4.50 percent in 2027 and 4.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-16 10:00 AM
GDP Growth Annualized 2nd Est
Q2 14.9% -1.7% 15.4% 15.4%
2026-10-18 10:00 AM
GDP Growth Annualized 3rd Est
Q2 15.4% -1.5% 14.9% 14.9%
2026-11-16 11:00 AM
GDP Growth Annualized 1st Est
Q3 15.4% 5%


Related Last Previous Unit Reference
Full Year GDP Growth 2.90 1.00 percent Dec 2025
GDP Annual Growth Rate 7.34 2.63 percent Jun 2026
GDP Constant Prices 457963.60 441877.10 ILS Million Jun 2026
GDP from Agriculture 4137.70 3869.10 ILS Million Jun 2026
GDP from Construction 19974.10 18568.90 ILS Million Jun 2026
GDP from Manufacturing 66409.60 62047.70 ILS Million Jun 2026
GDP from Public Administration 72843.90 70685.00 ILS Million Jun 2026
GDP from Services 43584.80 40303.80 ILS Million Jun 2026
GDP from Transport 14360.00 13544.80 ILS Million Jun 2026
GDP from Utilities 7270.40 6525.10 ILS Million Jun 2026
GDP Growth Annualized 15.40 -1.50 percent Jun 2026
GDP Growth Rate 3.50 -0.40 percent Jun 2026
Gross Fixed Capital Formation 112757.40 111635.30 ILS Million Jun 2026
Gross National Product 536924.40 508926.70 ILS Million Jun 2026


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
15.40 -1.50 39.90 -27.60 1995 - 2026 percent Quarterly
SA

News Stream
Israel Q2 GDP Growth Revised Back to 15.4%
Israel’s economy grew at an annualized rate of 15.4% in the second quarter of 2026, revised upward from 14.9% in the second estimate and returning to the level reported in the first estimate. This followed a revised 1.5% contraction in the first quarter. Exports, excluding startups and diamonds, increased by 17.7%, up from 16.6% in the second estimate but below the initial estimate of 25.2%. Growth in government spending was revised upward to 22.4%, compared with 22.2% in the second estimate and 19.5% in the first estimate. Meanwhile, private consumption growth was revised down to 14.6% from 15.0% in the previous estimate. Investment in fixed assets was also weaker than initially reported, rising by 4.1% in both the second and latest estimates, compared with a 6.3% increase in the first estimate. For the first half of 2026, the annualized growth rate was 3.7%, up from 3.5% in the second estimate and 3.2% in the initial estimate.
2026-10-19
Israel Q2 GDP Growth Revised Lower in 2nd Estimates
Israel’s economy grew at an annualized rate of 14.9% in the second quarter of 2026, rebounding sharply from an upwardly revised 1.7% contraction in the first quarter as the impact of the war with Iran eased. The reading was slightly below the first preliminary estimate and market expectations of 15.9%. The downward revision mainly reflected weaker growth in exports of goods and services, excluding startups and diamonds, which rose 16.6% compared with 25.2% in the first estimate, as well as fixed capital formation, which weakened to 4.1% from 6.3%. Still, growth remained elevated, supported by strong gains in private consumption (15% vs 14.7%) and public consumption (22.2% vs 19.5%). The annualized growth rate for the first half of 2026 was revised higher to 3.5% from 1.5%.
2026-09-16
Israel Economy Rebounds Strongly in Q2
Israel’s economy grew at an annualized rate of 15.4% in the second quarter of 2026, rebounding sharply from a revised 2.2% contraction in the first quarter as the impact of the war with Iran eased. The growth easily beat market expectations of 6.9%, with the Central Bureau of Statistics saying the Q2 rebound was driven by strong gains in private and public consumption and exports, following sharp declines in these areas in Q1. Exports of goods and services, excluding startups and diamonds, jumped 25.2%, while imports of goods and services, excluding defense imports, rose 22.7%. Government consumption climbed 19.5%, while private consumption advanced 14.7%. Fixed capital formation also grew 6.3%. The Bank of Israel raised its 2026 growth forecast to 4% last month and expects growth to accelerate to 5.5% in 2027.
2026-08-17