The gross domestic product of Israel advanced 1.3 percent on quarter in the three months to March of 2019, following an upwardly revised 1 percent expansion in the previous period, a preliminary estimate showed. On a yearly basis, GDP expanded an annualized 5.2 percent in the first quarter of 2019, accelerating from an upwardly revised 3.9 percent advance in the previous three-month period and well above market expectations of 4 percent. GDP Growth Rate in Israel averaged 0.95 percent from 1980 until 2019, reaching an all time high of 4.30 percent in the second quarter of 1984 and a record low of -1.10 percent in the first quarter of 1986.
GDP Growth Rate in Israel is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Israel to stand at 0.90 in 12 months time. In the long-term, the Israel GDP Growth Rate is projected to trend around 1.20 percent in 2020, according to our econometric models.