Name: Israel Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The economy of Israel advanced 8.2 percent in 2021, rebounding from a 2.2 percent contraction in 2020. It was one of the largest annual growth in the country's economic history, underpinned by private consumption (11.6 percent) and investment (10.9 percent), while public spending rose at a more modest pace (2.8 percent) and net exports contracted (-5.2 percent). source: Central Bureau of Statistics, Israel

Full Year GDP Growth in Israel averaged 3.69 percent from 1996 until 2021, reaching an all time high of 8.97 percent in 2000 and a record low of -2.20 percent in 2020. This page includes a chart with historical data for Israel Full Year GDP Growth. Israel Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	-0.50	3.70	percent	Mar 2022
GDP Growth Annualized	-1.90	15.60	percent	Mar 2022
GDP Annual Growth Rate	9.02	9.62	percent	Mar 2022
GDP	481.59	407.10	USD Billion	Dec 2021

Israel Full Year GDP Growth

Israel is the most technologically advanced and developed market economy in the Middle East. The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP.