The economy of Israel expanded an annualized 4.8% quarter-on-quarter in the last three months of 2019, above an upwardly revised 4.5% growth in the previous period and way above market expectations of 2.8%. It is the strongest growth rate since the third quarter of 2017, preliminary estimates showed. Private spending jumped 10% (2.7% in the previous period), boosted by higher car sales, before a rise in taxes took effect. Also, fixed capital investment rebounded (8.7% vs -1.4%); and both exports (2.4% vs -6.7%) and imports (6.8% vs 2.9%) increased. On the other hand, public expenditure slowed (0.9% vs 4.5%). Considering full 2019, the economy expanded 3.5%, above 3.4% in 2018.

GDP Growth Annualized in Israel averaged 3.81 percent from 1995 until 2019, reaching an all time high of 18.10 percent in the second quarter of 1999 and a record low of -4.20 percent in the first quarter of 2001. 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.

GDP Growth Annualized in Israel is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Israel to stand at 3.10 in 12 months time. In the long-term, the Israel GDP Growth Annualized is projected to trend around 3.20 percent in 2021, according to our econometric models.


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Israel GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.50 18.10 -4.20 1995 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-17 11:00 AM GDP Growth Annualized 1st Est Q3 4.1% 0.8% 2.8% 2.5%
2019-12-31 11:00 AM GDP Growth Annualized 2nd Est Q3 4% 0.8% 4.1%
2020-01-16 11:00 AM GDP Growth Annualized 3rd Est Q3 4.1% 0.9% 4%
2020-02-16 11:00 AM GDP Growth Annualized 1st Est Q4 4.8% 4.5% 2.8% 3.2%
2020-03-10 11:00 AM GDP Growth Annualized 2nd Est Q4 4.5% 4.8%
2020-04-19 11:00 AM GDP Growth Annualized 3rd Est Q4 4.5% 4.8%
2020-05-17 11:00 AM GDP Growth Annualized 1st Est Q1 3.1%
2020-06-16 11:00 AM GDP Growth Annualized 2nd Est Q1 3.1%


News Stream
Israel GDP Growth Strongest in Over 2 Years
The economy of Israel expanded an annualized 4.8% quarter-on-quarter in the last three months of 2019, above an upwardly revised 4.5% growth in the previous period and way above market expectations of 2.8%. It is the strongest growth rate since the third quarter of 2017, preliminary estimates showed. Private spending jumped 10% (2.7% in the previous period), boosted by higher car sales, before a rise in taxes took effect. Also, fixed capital investment rebounded (8.7% vs -1.4%); and both exports (2.4% vs -6.7%) and imports (6.8% vs 2.9%) increased. On the other hand, public expenditure slowed (0.9% vs 4.5%). Considering full 2019, the economy expanded 3.5%, above 3.4% in 2018.
2020-02-16
Israel Q3 GDP Growth Revised Up to 4.1%
Israel’s economy grew an annualized 4.1 percent in the third quarter of 2019, accelerating from an upwardly revised 0.9 percent expansion in the previous three-month period and compared with second estimates of 4.0 percent. Private consumption expenditure rebounded firmly (2.5 percent vs -0.1 percent in Q2) while public spending rose at a softer pace (5.4 percent vs 12.6 percent) and fixed investment continued to contract (-2.2 percent vs -4.7 percent). Net external demand contributed negatively to the GDP, as exports plunged 8.0 percent (vs 2.4 percent in Q2) while imports climbed 3.7 percent (vs 3.3 percent in Q2). The economy grew 3.3 percent in 2019, its slowest pace since 2015 and against central bank forecasts of 3.1 percent. On a quarterly basis, the economy grew 1.0 percent, accelerating from a 0.2 percent expansion in Q2.
2020-01-16
Israel Q3 GDP Growth Revised Slightly Lower
Israel's economy grew an annualized 4.0 percent in the third quarter of 2019, slightly below a preliminary estimate of 4.1 percent and compared to a 0.8 percent expansion in the previous three-month period. Private consumption expenditure rebounded firmly (3.1 percent vs -0.3 percent), while public spending rose at a softer pace (5.4 percent vs 12.6 percent) and fixed investment continued to contract (-4.3 percent vs -5.1 percent). Net external demand contributed negatively to the GDP, as exports plunged 8.0 percent (vs 2.6 percent in Q2) while imports climbed 3.1 percent (vs 3.4 percent in Q2). The economy grew 3.3 percent in 2019, its slowest pace since 2015 and against central bank forecasts of 3.1 percent.
2019-12-31
Israel Q3 GDP Growth Above Forecasts at 4.1%
The gross domestic product in Israel expanded an annualized 4.1 percent in the third quarter of 2019, accelerating from an upwardly revised 0.8 percent advance in the previous three-month period and beating market expectations of 2.8 percent, a preliminary estimate showed. Consumer spending rebounded (2.8 percent vs -0.8 percent in Q2). In contrast, government spending increased at a softer pace (4.2 percent vs 13.5 percent) while gross fixed capital formation fell further (-6.1 percent vs -4.7 percent). Regarding net trade, exports slumped 8.4 percent (vs 2.9 percent in Q2) while imports went up 1.9 percent (vs 2.5 percent in Q2). On a quarterly basis, the economy grew 1.0 percent, following a revised 0.2 percent expansion in Q2.
2019-11-17

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.