The gross domestic product of Israel expanded an annualized 2.3 percent in the three months to September of 2018, higher than a second estimate of 2.1 percent and following a downwardly revised 0.6 percent growth in the previous quarter, final estimates showed. Net foreign demand contributed more to growth than initially thought, as exports rebounded more than initially thought (11.7 percent from -1.7 percent in Q2) and imports fell at a faster rate (-5.3 percent from 0.1 percent in Q2). In addition, government expenditure rose 10 percent, recovering from a 4.4 percent fall in Q2 and private consumption advanced 2.3 percent (from -2.5 percent in Q2). On a quarterly basis, the economy advanced 0.6 percent, after a downwardly revised 0.1 percent expansion in the second quarter and more than second estimates of 0.5 percent. GDP Growth Annualized in Israel averaged 3.85 percent from 1995 until 2018, reaching an all time high of 18.10 percent in the second quarter of 1999 and a record low of -4.10 percent in the first quarter of 2001.

GDP Growth Annualized in Israel is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Israel to stand at 3.20 in 12 months time. In the long-term, the Israel GDP Growth Annualized is projected to trend around 3.60 percent in 2020, according to our econometric models.

Israel GDP Growth Annualized
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-16 10:00 AM GDP Growth Annualized 3rd Est 1.8% 5.2% 1.8%
2018-11-18 11:00 AM GDP Growth Annualized 1st Est 2.3% 1.2% 2.4% 3.4%
2018-12-31 11:00 AM GDP Growth Annualized 2nd Est 2.1% 0.8% 2.3%
2019-01-16 11:10 AM GDP Growth Annualized 3rd Est 2.3% 0.6% 2.1% 2.1%
2019-02-17 11:00 AM GDP Growth Annualized 1st Est 3.3%
2019-03-10 11:00 AM GDP Growth Annualized 2nd Est 3.3%
2019-04-16 10:00 AM GDP Growth Annualized 3rd Est 3.3%


Israel GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.56 0.14 4.30 -1.10 percent [+]
GDP Annual Growth Rate 3.10 3.70 10.70 -3.20 percent [+]
GDP Growth Annualized 2.30 0.60 18.10 -4.10 percent [+]
GDP 350.85 317.75 350.85 2.51 USD Billion [+]
GDP Constant Prices 325673.40 323817.00 325673.40 135669.00 ILS Million [+]
Gross National Product 329760.20 327130.80 329760.20 69304.10 ILS Million [+]
Gross Fixed Capital Formation 63382.80 65144.20 66111.10 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 3994.60 3957.00 4629.10 1756.10 ILS Million [+]
GDP From Construction 16790.90 16315.40 17616.00 8445.70 ILS Million [+]
GDP From Manufacturing 40170.00 41670.10 41670.10 26337.60 ILS Million [+]
GDP From Public Administration 44475.90 46411.10 46992.10 26984.80 ILS Million [+]
GDP From Services 34144.80 34806.10 34806.10 12916.00 ILS Million [+]
GDP From Transport 10793.30 10644.30 10900.00 3683.50 ILS Million [+]
GDP From Utilities 5213.00 5095.80 6673.40 2282.70 ILS Million [+]


Israel GDP Growth Annualized

GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year. This page provides the latest reported value for - Israel GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Growth Annualized - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 0.60 18.10 -4.10 1995 - 2018 percent Quarterly
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