The Gross Domestic Product (GDP) in Israel expanded 1.37% on quarter in the fourth quarter of 2022, compared to initial estimates of a 1.42% rise and following a downwardly revised 0.4% growth in Q3. 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 8.89 percent in the third quarter of 2020 and a record low of -8.78 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 March of 2023.

GDP Growth Rate in Israel is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Israel GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-02-16 11:00 AM QoQ 1st Est Q4 1.4% 0.5% 1.5%
2023-03-12 11:00 AM QoQ 2nd Est Q4 1.4% 0.4% 1.4%
2023-04-16 10:00 AM QoQ 3rd Est Q4 0.4% 1.4%

Related Last Previous Unit Reference
GDP Growth Rate 1.37 0.43 percent Dec 2022
GDP Growth Annualized 5.60 1.90 percent Dec 2022
GDP Annual Growth Rate 2.57 5.73 percent Dec 2022
GDP Constant Prices 401973.60 396559.60 ILS Million Dec 2022
Gross National Product 464815.30 438725.80 ILS Million Dec 2022
Gross Fixed Capital Formation 95139.10 94025.10 ILS Million Dec 2022
Full Year GDP Growth 6.36 8.71 percent Dec 2022
GDP from Public Administration 55055.30 54459.10 ILS Million Dec 2022
GDP from Construction 20391.20 19265.80 ILS Million Sep 2022
GDP from Agriculture 4009.80 4169.20 ILS Million Sep 2022
GDP from Utilities 6174.90 5708.90 ILS Million Sep 2022
GDP from Transport 11942.60 11232.80 ILS Million Sep 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
1.37 0.43 8.89 -8.78 1980 - 2022 percent Quarterly
SA, 2015 prices