January 2, 2018
The Central Bureau of Statistics today published its summary of 2017. As forecast, the economic results were good, but not as good as in 2016; there was a decline in almost every sector. The estimate is an initial one, not final. The budget deficit reached its lowest point in recent years as a result of tax revenue surpluses and campaigns by the Israel Tax Authority.
According to the figures, GDP grew 3.0% in 2017, following rises of 4.0% in 2016 and 2.6% in 2015. Seasonally adjusted figures for GDP by quarters show that GDP was up 3.5% in the third quarter (4.1% in the previous estimate), after rising 2.6% in the second quarter and 0.9% in the first quarter, in annualized figures.
Israel’s population grew 1.9% in 2017, meaning that per capita GDP was up 1.0% in 2017, following a 1.9% rise in 2016. Per capita GDP totaled NIS 144,500 in 2017, $40,100, in current prices.
Read More: http://www.globes.co.il/en/article-israels-economy-grew-3-in-2017-1001217569