Israel's economy grew 4% in 2016

Ashdod Port

The Central Bureau of Statistics found that GDP growth was up last year from 2.5% in 2015 and 3.2% in 2014. 

Israel's economy grew 4% in 2016, according to the second revision of GDP figures published today by the Central Bureau of Statistics. For the sake of comparison, GDP grew 3.2% in 2014 and 2.5% in 2015. Per capita GDP was up 2% in 2016, compared with 1.2% in 2014 and 0.5% in 2015.

According to the figures published by the Central Bureau of Statistics during 2016, the current revision shows that private consumption, which rose 6.3% in 2016, was the main engine in GDP growth. Per capital private consumption was up 4.2% in 2016, after rising 2.3% in the two preceding years.

The Central Bureau of Statistics figures show a clear improvement in investments in fixed assets, which grew 11.3% in 2016, after stagnating in the two preceding years. Exports of goods and services also improved, with 3% growth, primarily as a result of 6% growth in exports of services (excluding exports of startups and tourism).

The Central Bureau of Statistics upwardly revised its fourth quarter growth figure to 6.5%, compared with the 6.2% estimate it published in February.

Published by Globes [online], Israel Business News - - on March 9, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס MAD Conference 2017