The economy of Israel expanded an annualized 4.8% quarter-on-quarter in the last three months of 2019, above an upwardly revised 4.5% growth in the previous period and way above market expectations of 2.8%. It is the strongest growth rate since the third quarter of 2017, preliminary estimates showed. Private spending jumped 10% (2.7% in the previous period), boosted by higher car sales, before a rise in taxes took effect. Also, fixed capital investment rebounded (8.7% vs -1.4%); and both exports (2.4% vs -6.7%) and imports (6.8% vs 2.9%) increased. On the other hand, public expenditure slowed (0.9% vs 4.5%). Considering full 2019, the economy expanded 3.5%, above 3.4% in 2018.
GDP Growth Annualized in Israel averaged 3.81 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 -4.20 percent in the first quarter of 2001. 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.
GDP Growth Annualized 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 Growth Annualized in Israel to stand at 3.10 in 12 months time. In the long-term, the Israel GDP Growth Annualized is projected to trend around 3.20 percent in 2021, according to our econometric models.