Israel GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Israel expanded 3.13 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Israel averaged 3.94 Percent from 1996 until 2014, reaching an all time high of 10.25 Percent in the third quarter of 2000 and a record low of -4 Percent in the fourth quarter of 2001. GDP Annual Growth Rate in Israel is reported by the Central Bureau of Statistics, Israel.
||1996 - 2014
Israel is the most technologically advanced and developed market economy in the Middle East. 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. This page provides - Israel GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.