The economy of Israel expanded 0.5 percent over the prior quarter on a seasonally adjusted basis in the three months to September 2022, following a revised 1.8 percent gain in the previous period. source: Central Bureau of Statistics, Israel

GDP Growth Rate in Israel averaged 0.99 percent from 1980 until 2022, reaching an all time high of 8.60 percent in the third quarter of 2020 and a record low of -8.70 percent in the second quarter of 2020. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

GDP Growth Rate in Israel is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel GDP Growth Rate is projected to trend around 0.50 percent in 2023, according to our econometric models.

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Israel GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-10-19 10:00 AM QoQ 3rd Est Q2 1.7% -0.6% 1.7%
2022-11-16 11:00 AM QoQ 1st Est Q3 0.5% 1.8% 0.8%
2022-12-30 11:00 AM QoQ 2st Est Q3 0.5%

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 Constant Prices 397436.00 395400.20 ILS Million Sep 2022
Gross National Product 433527.80 419789.90 ILS Million Sep 2022
Gross Fixed Capital Formation 94272.10 91443.30 ILS Million Sep 2022
Full Year GDP Growth 8.71 -1.86 percent Dec 2021
GDP from Public Administration 54459.10 56254.70 ILS Million Sep 2022
GDP from Construction 19265.80 18447.90 ILS Million Jun 2022
GDP from Agriculture 4130.00 3900.10 ILS Million Jun 2022
GDP from Utilities 5708.90 5943.60 ILS Million Jun 2022
GDP from Transport 11232.80 10978.70 ILS Million Jun 2022
GDP from Manufacturing 44043.00 43978.00 ILS Million Mar 2022
GDP from Services 36064.80 34218.90 ILS Million Mar 2021

Israel GDP Growth Rate
The main driver of Israeli economy is science and technology sector. As such, despite limited natural resources, its manufacturing and agriculture sectors are highly developed. 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
0.50 1.80 8.60 -8.70 1980 - 2022 percent Quarterly
SA, 2015 prices