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. source: Central Bureau of Statistics, Israel

GDP Growth Annualized in Israel averaged 3.94 percent from 1995 until 2022, reaching an all time high of 37.90 percent in the third quarter of 2020 and a record low of -32.20 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 July 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
2022-05-16 10:00 AM GDP Growth Annualized 1st Est Q1 -1.6% 15.6% 1.8% 1.9%
2022-06-16 10:00 AM GDP Growth Annualized 2nd Est Q1 -1.9% 15.6% -1.6%
2022-07-17 10:00 AM GDP Growth Annualized 3rd Est Q1 15.6% -1.9%


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 Constant Prices 376607.50 378400.10 ILS Million Mar 2022
Gross National Product 401695.40 417304.00 ILS Million Mar 2022
Gross Fixed Capital Formation 80100.00 79687.30 ILS Million Mar 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
-1.90 15.60 37.90 -32.20 1995 - 2022 percent Quarterly
SA

News Stream
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
Israel Economy Unexpectedly Contracts in Q1
The economy of Israel contracted an annualized 1.6 percent in the first quarter of 2022, following a downwardly revised 15.6 percent gain in the previous quarter and defying expectations of a 1.8 percent expansion, first estimates showed. Both private (-0.7 percent vs. 18.2 percent in Q4 2021) and government spending (-7.0 percent vs. 12.9 percent) contracted while fixed capital formation expanded at a slower pace (3.3 percent vs. 14.7 percent). Exports tumbled 11 percent (vs. 24.3 percent in Q4), while imports surged 17.3 percent (vs. 28.5 percent in Q4). Economic activity contracted by 0.4 percent over the prior quarter on a seasonally adjusted basis. According to the Bank of Israel, the economy grew over 8 percent in 2021 and is expected to expand 5.5 percent in 2022.
2022-05-16
Israel GDP Growth at Robust 17.8%
The Israeli economy expanded an annualized 17.8% on quarter in the last three months of 2021, slightly higher than 17.6% in the second estimate, and the biggest expansion since a record 39.1% in Q3 2020. Double-digit increases were seen in all components: private consumption (19.9%), government expenditure (15.8%), fixed capital formation (15.7%), exports (25.4%) and imports (25%). In 2021, the economy grew 8.2%, following a 2.2% contraction in 2020.
2022-04-14