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Israel GDP Annual Growth Rate
Last Release
Jun 30, 2024
Actual
-1.35
Units In
%
Previous
-3.52
Frequency
Quarterly
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
15.4 Jun 2021 | -8.38 Jun 2020 | 3.65 % | 1996-2024 | N/A |
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.
Israel GDP Annual Growth Rate History
Last 12 readings