Israel's economy grew at 4.1% in Q3

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GDP jumped impressively last quarter after rising at annual rates of only 2.5% in the second quarter and 0.9% in the first quarter.

Israel's Gross Domestic Product (GDP) grew 4.1% on an annualized basis in the third quarter of 2017, the Central Bureau of Statistics reports. GDP on an annualized basis grew by 2.5% in the second quarter and only 0.9% in the first quarter. This is only the first estimate.

Behind this impressive jump in growth is an 8.1% increase in investment in fixed assets in the third quarter of 2017, and a 7.8% rise in private consumption, while business GDP grew 4.2%.

Imports of goods and services grew 10.5% in the third quarter but there was almost a halt in export growth, which rose by just 0.4% in the third quarter compared with the preceding quarter. Public expenditure fell 1.6% in the third quarter.

Published by Globes [online], Israel business news - www.globes-online.com - on November 16, 2017

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

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Growth Photo: Shutterstock
Growth Photo: Shutterstock
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