The economy of Israel shrank 8.2 percent on quarter in the second quarter of 2020, slightly more than the first estimate of an 8.1 percent fall. It is the biggest contraction ever, due to the coronavirus crisis.
GDP Growth Rate in Israel averaged 0.88 percent from 1980 until 2020, reaching an all time high of 4.30 percent in the second quarter of 1984 and a record low of -8.20 percent in the second quarter of 2020. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
GDP Growth Rate in Israel is expected to be 0.60 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 0.60 in 12 months time. In the long-term, the Israel GDP Growth Rate is projected to trend around 1.20 percent in 2021, according to our econometric models.