The Gross Domestic Product (GDP) in Israel expanded 6.17 percent in the third quarter of 2021 over the same quarter of the previous year. source: Central Bureau of Statistics, Israel

GDP Annual Growth Rate in Israel averaged 3.62 percent from 1996 until 2021, reaching an all time high of 15.40 percent in the second quarter of 2021 and a record low of -8.38 percent in the second quarter of 2020. This page provides the latest reported value for - Israel GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

GDP Annual Growth Rate in Israel is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 6.50 percent in 2023, according to our econometric models.

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Israel GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2014-12-31 11:00 AM YoY - 2nd Est Q3 1.64% 2.79% 1.89%
2015-01-18 11:00 AM YoY Final Q3 1.85% 2.57%(R) 1.64% 1.64%


Related Last Previous Unit Reference
GDP Growth Rate 0.67 3.40 percent Sep/21
GDP Growth Annualized 2.70 14.30 percent Sep/21
GDP Annual Growth Rate 6.17 15.40 percent Sep/21
GDP Constant Prices 359607.30 359215.00 ILS Million Sep/21
Gross National Product 380815.00 381698.30 ILS Million Sep/21
Gross Fixed Capital Formation 75974.10 73570.60 ILS Million Sep/21
GDP From Public Administration 47058.10 49270.50 ILS Million Sep/21
GDP From Utilities 4424.10 4910.20 ILS Million Mar/21
GDP From Transport 8834.10 8953.60 ILS Million Mar/21
GDP From Services 36064.80 34218.90 ILS Million Mar/21
GDP From Manufacturing 42173.20 44206.70 ILS Million Mar/21
GDP From Construction 18471.90 19403.20 ILS Million Mar/21
GDP From Agriculture 3393.00 3722.60 ILS Million Mar/21
Israel GDP Annual Growth Rate
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.