The Gross Domestic Product (GDP) in Israel contracted 7.90 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Israel averaged 3.58 percent from 1996 until 2020, reaching an all time high of 10.60 percent in the third quarter of 2000 and a record low of -7.90 percent in the second quarter of 2020. This page provides the latest reported value for - Israel GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.
GDP Annual Growth Rate in Israel is expected to be -1.20 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 4.30 in 12 months time. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 4.30 percent in 2021 and 3.20 percent in 2022, according to our econometric models.