Israel GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Israel expanded 2.91 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Israel is reported by the Central Bureau of Statistics, Israel. GDP Annual Growth Rate in Israel averaged 3.95 Percent from 1996 until 2013, 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.91 2.97 10.25 -4.00 3.39 | 2013/12 1996 - 2013 Percent Quarterly

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Israel GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-18 11:00 AM Israel
GDP Growth Rate YoY
Q2 2013 (P) 5.1% 2.7% (R) 3.14%
2013-09-16 12:00 PM Israel
GDP Growth Rate YoY
Q2 2013 3.7% 3.2% (R) 5.1%
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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 0.70 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.91 2013-12-31 2.97 10.25 -4.00 3.39 2013-12-31 Percent [+]
GDP Constant Prices 244162.80 2013-11-15 242781.40 244162.80 28646.10 251407.11 2014-03-31 ILS Million [+]
Gdp Growth Annualized 2.28 2013-11-15 2.09 9.33 -2.10 2.57 2014-03-31 Percent [+]
Gross Fixed Capital Formation 50457.00 2013-11-15 49851.50 50457.00 22133.00 54570.97 2014-03-31 ILS Million [+]
Gross National Product 258630.20 2013-11-15 261077.70 261077.70 66796.50 272572.82 2014-03-31 ILS Million [+]
GDP per capita 22128.76 2011-12-31 21528.54 22128.76 5638.44 22179.22 2012-12-31 USD [+]
GDP per capita PPP 26719.28 2011-12-31 25994.54 26719.28 15027.82 26780.24 2012-12-31 USD [+]
GDP 243.93 2011-12-31 217.33 242.93 2.60 245.99 2012-12-31 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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