The Gross Domestic Product (GDP) in Israel expanded 3.33 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Israel averaged 3.73 percent from 1996 until 2019, reaching an all time high of 10.60 percent in the third quarter of 2000 and a record low of -3.20 percent in the fourth quarter of 2001.

GDP Annual Growth Rate in Israel is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Israel to stand at 3.10 in 12 months time. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

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Israel GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.33 3.20 10.60 -3.20 1996 - 2019 percent Quarterly


Israel GDP Annual Growth Rate
Israel is the most technologically advanced and developed market economy in the Middle East. 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.

Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.20 4.30 -1.10 percent [+]
GDP Annual Growth Rate 3.33 3.20 10.60 -3.20 percent [+]
GDP Growth Annualized 4.10 0.90 18.10 -4.20 percent [+]
GDP 369.69 353.27 369.69 2.51 USD Billion [+]
GDP Constant Prices 336773.50 333443.80 336773.50 136916.40 ILS Million [+]
Gross National Product 359110.70 345639.40 359110.70 69455.30 ILS Million [+]
Gross Fixed Capital Formation 68895.60 69284.80 70126.00 32226.60 ILS Million [+]
GDP per capita 34788.70 34333.40 34788.70 8749.10 USD [+]
GDP per capita PPP 33661.00 33220.40 33661.00 20727.90 USD [+]
GDP From Agriculture 3262.90 3553.10 4629.10 1756.10 ILS Million [+]
GDP From Construction 18159.90 19135.80 19135.80 8445.70 ILS Million [+]
GDP From Manufacturing 40775.70 40980.60 41670.10 26337.60 ILS Million [+]
GDP From Public Administration 45579.50 46677.30 48505.70 26984.80 ILS Million [+]
GDP From Services 34365.00 34216.10 35009.90 12916.00 ILS Million [+]
GDP From Transport 10968.80 11280.30 11280.30 3683.50 ILS Million [+]
GDP From Utilities 5576.60 4926.40 6673.40 2282.70 ILS Million [+]