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.