The economy of Israel grew at an annualized rate of 2.4 percent in the third quarter of 2021, well below market expectations of 6 percent and slower than a downwardly revised 13.7 percent growth in the previous quarter, a preliminary estimate showed. Private consumption rose at a softer pace (0.7 percent vs 33.5 percent in Q2) while gross fixed capital formation increased faster (14.8 percent vs 5.6 percent). Meanwhile, public spending declined 2.3 percent (vs 1.3 percent). In addition, net trade contributed positively to growth as exports went up 7.5 percent (vs 15.5 percent in Q2) while imports grew at a slower 2.7 percent (vs 9.1 percent in Q2). source: Central Bureau of Statistics, Israel

GDP Growth Annualized in Israel averaged 3.83 percent from 1995 until 2021, reaching an all time high of 39.70 percent in the third quarter of 2020 and a record low of -31.80 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 December of 2021.

GDP Growth Annualized in Israel is expected to be 5.00 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 2022 and 4.00 percent in 2023, according to our econometric models.

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Israel GDP Growth Annualized


Calendar GMT Actual Previous Consensus TEForecast
2021-10-17 10:00 AM GDP Growth Annualized 3rd Est Q2 16.6% -1.4% 16.6%
2021-11-16 11:00 AM GDP Growth Annualized 1st Est Q3 2.4% 13.7% 6% 7.1%
2021-12-30 11:00 AM GDP Growth Annualized 2nd Est Q3 13.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 1.00 percent Sep/21
GDP Growth Annualized 2.40 13.70 percent Sep/21
GDP Annual Growth Rate 5.90 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

News Stream
Israel GDP Expands Well Below Forecasts
The economy of Israel grew at an annualized rate of 2.4 percent in the third quarter of 2021, well below market expectations of 6 percent and slower than a downwardly revised 13.7 percent growth in the previous quarter, a preliminary estimate showed. Private consumption rose at a softer pace (0.7 percent vs 33.5 percent in Q2) while gross fixed capital formation increased faster (14.8 percent vs 5.6 percent). Meanwhile, public spending declined 2.3 percent (vs 1.3 percent). In addition, net trade contributed positively to growth as exports went up 7.5 percent (vs 15.5 percent in Q2) while imports grew at a slower 2.7 percent (vs 9.1 percent in Q2).
2021-11-16
Israel GDP Expands More than Initially Expected
The economy of Israel advanced an annualized rate of 16.6 percent in the second quarter of 2021, better than initial estimates of a 15.4 percent rise and following a downwardly revised 1.4 percent contraction in the previous quarter, a second estimate showed. The rebound was due to the removal of most Covid-19 restrictions and a return to near-normal economic activity. Private consumption rose (39.2 percent vs almost 0.1 percent in Q1), while both public spending (3.6 percent vs -12.9 percent) and gross fixed capital formation (13.2 percent vs -9.5 percent) rebounded significantly. Meanwhile, net trade contributed positively to growth as exports picked up 19.8 percent (vs 19 percent in Q1) while imports grew at a slower 17.6 percent (vs 15.8 percent in Q1).
2021-09-14
Israel Q2 GDP Growth Above Forecasts at 15.4%
The economy of Israel expanded an annualized rate of 15.4 percent in the second quarter of 2021, following a downwardly revised 1.4 percent contraction in the previous quarter, a preliminary estimate showed. Figures came above market expectations of 10.8 percent, attributed to the removal of most of Covid-19 restrictions and a return to near-normal economic activity. Private consumption picked up (36.3 percent vs flat reading in Q1), while both public spending (4.0 percent vs -11.1 percent ) and gross fixed capital formation (9.7 percent -10.3 percent) rebounded significantly. Meantime, net trade contributed positively to growth both, as exports climbed 18.1 percent (vs 18.0 percent in Q1) while imports advanced at a slower 15.8 percent (vs 15.3 percent in Q1).
2021-08-16

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.