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Israel Economic Indicators - December 2008The Israeli central bureau of statistics published on December 31, 2008 preliminary estimates for 2008.The GDP growth rate in 2008 was 4.1%1, following an average increase of more than 5% in each of the previous 3 years. The GDP growth in the second half of 2008 was 1.8%, following a 4.9% growth in the first half of 2008, 6% growth in the second half of 2007 and 6.1% in the first half of 2007. The growth in 2008 is higher than the average 1.4% GDP growth in the OECD countries. In 2008 the export of commodities and services increased in 3.6%, following a 8.5% increase in 2007. The increase was effected by a sharp decline in diamonds export of 25%. Excluding diamonds the export growth in 2008 was 8.5%, compared to 9.5 % in 2007. The government current balance in 2008 totaled in a deficit of IS 6.3 billion, compared to a IS 8.2 billion surplus in 2007, The 2008 deficit is 0.9% of the GDP, compared to a surplus of 1.2% in 2007. The unemployment rate in 2008 was 6.1%, compared to the average rate of 5.9 % in the OECD countries. Source :www.cbs.gov.il Israel Economic Indicators - August 2007According to the Israeli Statistics Bureau the economic indicators for the first half of 2007 are better than the preliminary estimates.Israel's GDP rose by 6.6% on annual basis, the highest growth since 2000 growth of 8.7%. The Israeli economy recorded 5 years of continuous growth. The Israel GDP per capita is now around $ 21,500. The growth in the first half year included growth of 8.3% in exports, 5.9% growth in investments and 7.5% growth in prtvate consumption. |
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