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. 2014-04-20

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

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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 244162.80 2013-11-15 242781.40 244162.80 28646.10 231816.73 2014-06-30 ILS Million [+]
Gdp Growth Annualized 2.28 2013-11-15 2.09 9.33 -2.10 2.34 2014-06-30 Percent [+]
Gross Fixed Capital Formation 50457.00 2013-11-15 49851.50 50457.00 22133.00 57660.26 2014-06-30 ILS Million [+]
Gross National Product 258630.20 2013-11-15 261077.70 261077.70 66796.50 288929.19 2014-06-30 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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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.
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Israel Money Supply M3 at 710150.00 ILS Million  
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