The economy of Israel advanced 8.7 percent in 2021, rebounding from a 1.9 percent contraction in 2020. source: Central Bureau of Statistics, Israel

Full Year GDP Growth in Israel averaged 3.87 percent from 1996 until 2021, reaching an all time high of 8.76 percent in 2000 and a record low of -1.86 percent in 2020. This page includes a chart with historical data for Israel Full Year GDP Growth. Israel Full Year GDP Growth - values, historical data and charts - was last updated on December of 2022.

Full Year GDP Growth in Israel is expected to reach 6.20 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Full Year GDP Growth is projected to trend around 2.90 percent in 2023 and 3.40 percent in 2024, according to our econometric models.

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Israel Full Year GDP Growth



Related Last Previous Unit Reference
GDP Growth Rate 0.50 1.80 percent Sep 2022
GDP Growth Annualized 2.10 7.30 percent Sep 2022
GDP Annual Growth Rate 5.83 7.44 percent Sep 2022
GDP 481.59 407.10 USD Billion Dec 2021

Israel Full Year GDP Growth
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.
Actual Previous Highest Lowest Dates Unit Frequency
8.71 -1.86 8.76 -1.86 1996 - 2021 percent Yearly
Constant 2010 Prices, NSA