Israel’s economy grew at an annualized rate of 14.9% in the second quarter of 2026, rebounding sharply from an upwardly revised 1.7% contraction in the first quarter as the impact of the war with Iran eased. The reading was slightly below the first preliminary estimate and market expectations of 15.9%. The downward revision mainly reflected weaker growth in exports of goods and services, excluding startups and diamonds, which rose 16.6% compared with 25.2% in the first estimate, as well as fixed capital formation, which weakened to 4.1% from 6.3%. Still, growth remained elevated, supported by strong gains in private consumption (15% vs 14.7%) and public consumption (22.2% vs 19.5%). The annualized growth rate for the first half of 2026 was revised higher to 3.5% from 1.5%. source: Central Bureau of Statistics, Israel

GDP Growth Annualized in Israel increased to 14.90 percent in the second quarter of 2026 from -1.70 percent in the first quarter of 2026. GDP Growth Annualized in Israel averaged 4.05 percent from 1995 until 2026, reaching an all time high of 39.70 percent in the third quarter of 2020 and a record low of -28.20 percent in the second quarter of 2020. This page provides the latest reported value for - Israel GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Israel GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

GDP Growth Annualized in Israel increased to 14.90 percent in the second quarter of 2026 from -1.70 percent in the first quarter of 2026. GDP Growth Annualized in Israel is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel GDP Growth Annualized is projected to trend around 4.50 percent in 2027 and 4.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-16 10:00 AM
GDP Growth Annualized 1st Est
Q2 15.4% -2.2% 6.9% 4.5%
2026-09-16 10:00 AM
GDP Growth Annualized 2nd Est
Q2 14.9% -1.7% 15.4% 15.4%
2026-10-18 10:00 AM
GDP Growth Annualized 3rd Est
Q2 -1.7% 14.9% 14.9%


Related Last Previous Unit Reference
Full Year GDP Growth 2.90 1.00 percent Dec 2025
GDP Annual Growth Rate 7.34 2.63 percent Jun 2026
GDP Constant Prices 457207.80 441613.10 ILS Million Jun 2026
GDP from Agriculture 3802.30 5022.00 ILS Million Mar 2026
GDP from Construction 17830.00 20749.40 ILS Million Mar 2026
GDP from Public Administration 72054.80 70100.60 ILS Million Dec 2025
GDP from Transport 12289.00 12914.40 ILS Million Mar 2026
GDP from Utilities 6755.00 7025.60 ILS Million Mar 2026
GDP Growth Annualized 14.90 -1.70 percent Jun 2026
GDP Growth Rate 3.50 -0.40 percent Jun 2026
Gross Fixed Capital Formation 113240.80 110821.40 ILS Million Jun 2026
Gross National Product 536924.40 508926.70 ILS Million Jun 2026


Israel GDP Growth Annualized
GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year.
Actual Previous Highest Lowest Dates Unit Frequency
14.90 -1.70 39.70 -28.20 1995 - 2026 percent Quarterly
SA

News Stream
Israel Q2 GDP Growth Revised Lower in 2nd Estimates
Israel’s economy grew at an annualized rate of 14.9% in the second quarter of 2026, rebounding sharply from an upwardly revised 1.7% contraction in the first quarter as the impact of the war with Iran eased. The reading was slightly below the first preliminary estimate and market expectations of 15.9%. The downward revision mainly reflected weaker growth in exports of goods and services, excluding startups and diamonds, which rose 16.6% compared with 25.2% in the first estimate, as well as fixed capital formation, which weakened to 4.1% from 6.3%. Still, growth remained elevated, supported by strong gains in private consumption (15% vs 14.7%) and public consumption (22.2% vs 19.5%). The annualized growth rate for the first half of 2026 was revised higher to 3.5% from 1.5%.
2026-09-16
Israel Economy Rebounds Strongly in Q2
Israel’s economy grew at an annualized rate of 15.4% in the second quarter of 2026, rebounding sharply from a revised 2.2% contraction in the first quarter as the impact of the war with Iran eased. The growth easily beat market expectations of 6.9%, with the Central Bureau of Statistics saying the Q2 rebound was driven by strong gains in private and public consumption and exports, following sharp declines in these areas in Q1. Exports of goods and services, excluding startups and diamonds, jumped 25.2%, while imports of goods and services, excluding defense imports, rose 22.7%. Government consumption climbed 19.5%, while private consumption advanced 14.7%. Fixed capital formation also grew 6.3%. The Bank of Israel raised its 2026 growth forecast to 4% last month and expects growth to accelerate to 5.5% in 2027.
2026-08-17
Israel Economy Contracts 3.8% in Q1
Israel’s economy shrank at an annualized rate of 3.8% in the first quarter of 2026, following a downwardly revised 2.8% growth in the previous quarter, matching preliminary estimates. The contraction was driven largely by the "Harry’s Uproar" war, which disrupted economic activity. Domestic demand weakened, with consumer spending falling 4.9% and public consumption declining 4.8%. Net trade also weighed on GDP, as imports of goods and services, excluding defense imports, ships, aircraft, and diamonds, rose 1.8%, while exports of goods and services, excluding start-ups and diamonds, fell 32.7%. On the other hand, fixed asset investment increased by 12.8%.
2026-07-16