Israel GDP Growth Rate
The Gross Domestic Product (GDP) in Israel expanded 0.72 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Israel averaged 1.05 Percent from 1980 until 2014, 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. GDP Growth Rate in Israel is reported by the Central Bureau of Statistics, Israel.
||1980 - 2014
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.