Israel's economic growth estimated at 3.8% in 2016


Taking population growth into account, this means 1.8% growth in GDP per capita.

The Central Bureau of Statistics released preliminary estimates of the performance of the Israeli economy in 2016 today. GDP growth in 2016 is estimated at 3.8%. Taking population growth into account, this means 1.8% growth in GDP per capita.

Per capita private consumption is estimated to have grown by 4%. Exports of goods and services grew by 3%, according to the estimates, while purchases of consumer durables rose 10.8%.

The Central Bureau of Statistics estimates that the Israeli government had a current account deficit of NIS 17.1 billion in 2016, 1.4% of GDP, which compares with NIS 14.2 billion in 2015, 1.2% of GDP.

Imports of goods and services, excluding defense imports, ships and aircraft, rose 9.7% in 2016. Israel had a balance of payments current account surplus of $13.4 billion in 2016, compared with $13.7 billion in 2015.

Published by Globes [online], Israel business news - - on December 29, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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