The gross domestic product in Israel expanded an annualized 5.2 percent in the first quarter of 2019, accelerating from an upwardly revised 3.9 percent advance in the previous three-month period and well above market expectations of 4 percent, a preliminary estimate showed. It was the highest growth rate since the June quarter of 2016. Government spending went up 1.2 percent, after showing no growth in the prior quarter and private expenditure increased faster (5.7 percent from 5 percent) while fixed capital formation slowed (10 percent from 14.2 percent). Meanwhile, net foreign demand contributed negatively to growth, as exports rose 6.2 percent (from -4.8 percent in Q4 2018) while imports advanced at a faster 6.7 percent (from 12.2 percent in Q4 2018). On a quarterly basis, the economy grew 1.3 percent, following a 1 percent expansion in the last quarter of 2018. GDP Growth Annualized in Israel averaged 3.87 percent from 1995 until 2019, 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 3.80 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
2019-02-17 11:00 AM GDP Growth Annualized 1st Est 3.1% 2.4% 2.8% 3.3%
2019-03-10 11:00 AM GDP Growth Annualized 2nd Est 3% 2.7% 3.1%
2019-04-16 10:00 AM GDP Growth Annualized 3rd Est 3.1% 2.8% 3%
2019-05-16 10:00 AM GDP Growth Annualized 1st Est 5.2% 3.9% 4% 3.2%
2019-06-17 10:00 AM GDP Growth Annualized 2nd Est 3.9% 5.2%
2019-07-16 10:00 AM GDP Growth Annualized 3rd Est 3.9% 5.2%
2019-08-16 10:00 AM GDP Growth Annualized 1st Est 3.80%


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 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 3.90 18.10 -4.10 1995 - 2019 percent Quarterly
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