Israel GDP Growth Rate

The Gross Domestic Product (GDP) in Israel expanded 0.80 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Israel is reported by the Central Bureau of Statistics, Israel. GDP Growth Rate in Israel averaged 1.05 Percent from 1980 until 2013, reaching an all time high of 7.40 Percent in the fourth quarter of 1982 and a record low of -3.40 Percent in the fourth quarter of 1985. Israel is one of the most developed market economies with substantial, though diminishing government participation. The main driver of the economy is science and technology sector. As such, its manufacturing and agriculture, despite limited natural resources, is highly developed and sophisticated. After years of annual growth rates above 5 percent, the economic expansion has been slowing down. In order to keep current pace of growth, Israel needs to address: rising government spending and budget deficits, increasing cost of leaving, concentration of “too big to fail” banks, corporations and insurance companies in the economy, rising income inequality and geopolitical risks. This page provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.80 0.46 7.40 -3.40 0.29 | 2014/06 1980 - 2013 Percent Quarterly
SA, 2005 prices

TO

Israel GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-18 09:00 AM Israel
GDP Growth Rate QoQ - Second Estimate
Q2 2013 1.2% 0.66% 0.73% 0.73%
2013-10-16 01:45 PM Israel
GDP Growth Rate QoQ - Third Estimate
Q2 2013 1.2% 0.66% 1.2% 1.2%
2013-11-18 11:00 AM Israel
GDP Growth Rate QoQ- First Estimate
Q3 2013 0.5% 1.2% 0.74%
2014-01-16 11:00 AM Israel
GDP Growth Rate QoQ - 3 est
Q3 2013 0.58% 1.2% 0.5% 0.74%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.80 2013-12-31 0.46 7.40 -3.40 0.29 2014-06-30 Percent [+]
GDP Annual Growth Rate 2.91 2013-12-31 2.97 10.25 -4.00 2.96 2014-06-30 Percent [+]
GDP Constant Prices 244295.20 2013-11-15 242781.40 244295.20 28646.10 251497.42 2014-03-31 ILS Million [+]
Gdp Growth Annualized 3.20 2013-11-15 2.09 9.33 -2.10 3.17 2014-03-31 Percent [+]
Gross Fixed Capital Formation 50328.90 2013-11-15 49851.50 50457.00 22133.00 54630.81 2014-03-31 ILS Million [+]
Gross National Product 262175.70 2013-11-15 261077.70 262175.70 66796.50 275088.83 2014-03-31 ILS Million [+]
GDP per capita 22128.76 2011-12-31 21528.54 22128.76 5638.44 23640.42 2014-06-30 USD [+]
GDP per capita PPP 26719.28 2011-12-31 25994.54 26719.28 15027.82 28544.53 2014-06-30 USD [+]
GDP 243.93 2011-12-31 217.33 242.93 2.60 310.28 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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Israel Government Budget at -3.15 Percent of GDP  
Israel recorded a Government Budget deficit equal to 3.15 percent of the country's Gross Domestic Product in 2013. Government Budget in Israel is reported by the Israel Ministry of Finance.
Israel Current Account at 2157.00 USD Million  
Israel recorded a Current Account surplus of 2157 USD Million in the fourth quarter of 2013. Current Account in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Bank Prime Rate at 4.20 Percent  
Bank Lending Rate in Israel remained unchanged at 4.20 percent in January of 2014 from 4.20 percent in December of 2013. Bank Lending Rate in Israel is reported by the Bank of Israel.
Israel Business Confidence at 2.50  
Business Confidence in Israel decreased to 2.50 in March of 2014 from 5.60 in February of 2014. Business Confidence in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Capital Flows at 7221.00 USD Million  
Capital Flows in Israel increased to 7221 USD Million in the fourth quarter of 2013 from 1896 USD Million in the third quarter of 2013. Capital Flows in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Confidence at -26.18  
Consumer Confidence in Israel increased to -26.18 in March of 2014 from -26.48 in February of 2014. Consumer Confidence in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Changes in Inventories at -3195.90 ILS Million  
Changes in Inventories in Israel decreased to -3195.90 ILS Million in the fourth quarter of 2013 from 6044.90 ILS Million in the third quarter of 2013. Changes in Inventories in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Price Index (CPI) at 101.80 Index Points  
Consumer Price Index (CPI) in Israel increased to 101.80 Index Points in March of 2014 from 101.50 Index Points in February of 2014. Consumer Price Index (CPI) in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Consumer Spending at 138618.80 ILS Million  
Consumer Spending in Israel increased to 138618.80 ILS Million in the fourth quarter of 2013 from 137748.80 ILS Million in the third quarter of 2013. Consumer Spending in Israel is reported by the Central Bureau of Statistics, Israel.
Israel Employed Persons at 3477.08 Thousand  
The number of employed persons in Israel increased to 3477.08 Thousand in the fourth quarter of 2013 from 3470.63 Thousand in the third quarter of 2013. Employed Persons in Israel is reported by the Central Bureau of Statistics, Israel.
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