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.