Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
8.76% on Dec 31, 2000
Lowest
−1.86% on Dec 31, 2020
About Israel GDP growth
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.