Israel's economy advanced by 6.4% in 2022, slowing from an 8.7% expansion in 2021, but slightly above the Bank of Israel and the Finance Ministry estimates of 6.3%. Policymakers expect economic growth in Israel to slow sharply to close to 3% in 2023, with central bank rate hikes curbing spending. source: Central Bureau of Statistics, Israel
Full Year GDP Growth in Israel averaged 3.96 percent from 1996 until 2022, reaching an all time high of 8.76 percent in 2000 and a record low of -1.86 percent in 2020. This page includes a chart with historical data for Israel Full Year GDP Growth. Israel Full Year GDP Growth - values, historical data and charts - was last updated on March of 2023.
Full Year GDP Growth in Israel is expected to reach 2.90 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Full Year GDP Growth is projected to trend around 2.80 percent in 2024 and 3.00 percent in 2025, according to our econometric models.