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Israel GDP Growth RateII

Israel GDP Growth Rate

0.6%R
−0.7
%
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ILGDPQQ chart


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Key data points


Last release
—
Observation period
Q4 2024
Next release
—
Forecast
—
Highest
9.21 % on Sep 30, 2020
Lowest
−8.17 % on Jun 30, 2020

About Israel GDP Growth Rate


Category
GDP
Source
Central Bureau of Statistics
Frequency
Quarterly
Units
%
The main driver of Israeli economy is science and technology sector. As such, despite limited natural resources, its manufacturing and agriculture sectors are highly developed. 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.

Israel in figures — see more economic indicators tied to ILGDPQQ.
ILFYGDPG
R
Full Year GDP Growth
0.9%
ILGDP
R
GDP
513.61 BUSD
ILGDPA
R
GDP From Agriculture
4.59 BILS
ILGDPC
R
GDP From Construction
16.72 BILS
ILGDPCP
R
Real GDP
406.82 BILS
ILGDPGA
R
GDP Growth Annualized
2.1%
ILGDPMAN
R
GDP From Manufacturing
44.04 BILS
ILGDPPA
R
GDP From Public Administration
60.73 BILS
ILGDPPC
R
GDP Per Capita
42.85 KUSD
ILGDPPCP
R
GDP Per Capita PPP
48.36 KUSD
ILGDPQQ
R
GDP Growth Rate
0.6%
ILGDPS
R
GDP From Services
36.06 BILS
ILGDPT
R
GDP From Transport
11.85 BILS
ILGDPU
R
GDP From Utilities
7.28 BILS
ILGDPYY
R
GDP Growth
5.46%
ILGFCF
R
Gross Fixed Capital Formation
103.02 BILS
ILGNP
R
Gross National Product
525.66 BILS