Israel GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Israel expanded 3.20 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Israel averaged 3.78 percent from 1996 until 2019, reaching an all time high of 10.70 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 3.20 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 3.40 in 12 months time. In the long-term, the Israel GDP Annual Growth Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.

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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 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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.20	2.90	10.70	-3.20	1996 - 2019	percent	Quarterly

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Mar/19	6.4	15.4 : 3.8	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
South Korea	1.80	Mar/19	3.1	20.8 : -7.3	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Singapore	1.20	Mar/19	1.3	19 : -8.8	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
France	1.10	Mar/19	1	12.6 : -3.8	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
Japan	0.80	Mar/19	0.2	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Italy	0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-6.20	Dec/18	-3.7	16.2 : -16.3	%