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.

Israel GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-17 11:00 AM GDP Growth Rate QoQ 1st Est 0.7% 0.6% 1.1%
2019-03-10 11:00 AM GDP Growth Rate QoQ 2nd Est 0.7% 0.7% 0.7%
2019-04-16 10:00 AM GDP Growth Rate QoQ 3rd Est 0.8% 0.7% 0.7%
2019-05-16 10:00 AM GDP Growth Rate QoQ 1st Est 1.3% 1% 0.4%
2019-06-17 10:00 AM GDP Growth Rate QoQ 2nd Est 1% 1.3%
2019-07-16 10:00 AM GDP Growth Rate QoQ 3rd Est 1% 1.3%
2019-08-16 10:00 AM GDP Growth Rate QoQ 1st Est 1.1%


Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.00 4.30 -1.10 percent [+]
GDP Annual Growth Rate 3.20 2.90 10.70 -3.20 percent [+]
GDP Growth Annualized 5.20 3.90 18.10 -4.10 percent [+]
GDP 350.85 317.75 350.85 2.51 USD Billion [+]
GDP Constant Prices 332647.30 328454.40 332647.30 135669.00 ILS Million [+]
Gross National Product 347077.10 346135.40 347077.10 69304.10 ILS Million [+]
Gross Fixed Capital Formation 67924.70 66321.20 67924.70 32177.90 ILS Million [+]
GDP per capita 34134.81 33677.46 34134.81 7801.20 USD [+]
GDP per capita PPP 33132.32 32688.41 33132.32 19760.20 USD [+]
GDP From Agriculture 3553.10 3479.80 4629.10 1756.10 ILS Million [+]
GDP From Construction 19135.80 17600.00 19135.80 8445.70 ILS Million [+]
GDP From Manufacturing 40980.60 38803.90 41670.10 26337.60 ILS Million [+]
GDP From Public Administration 48505.70 47436.80 48505.70 26984.80 ILS Million [+]
GDP From Services 34216.10 35009.90 35009.90 12916.00 ILS Million [+]
GDP From Transport 11280.30 11110.90 11280.30 3683.50 ILS Million [+]
GDP From Utilities 4926.40 6103.30 6673.40 2282.70 ILS Million [+]


Israel GDP Growth Rate

The main driver of Israeli economy is science and technology sector. As such, despite limited natural resources, its manufacturing and agriculture sectors are highly developed. .The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.00 4.30 -1.10 1980 - 2019 percent Quarterly
SA, 2010 prices




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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