The year-on-year change in GDP was -7.8%, 84 -tenths of one percent less than the â¦ November 16, 2020. GDP From Construction in Israel decreased to 16520.90 ILS Million in the second quarter of 2020 from 17762.90 ILS Million in the first quarter of 2020. Israel gdp per capita for 2016 was $37,322, a 4.32% increase from 2015. Read more Israel gdp per capita for 2017 was $40,542, a 8.63% increase from 2016. Israel - GDP Economy grows at fastest pace on record in Q3. The statistic shows the gross domestic product (GDP) in Israel from 1984 to 2019, with projections up until 2021. GDP From Construction in Israel averaged 12908.83 ILS Million from 2000 until 2020, reaching an all time high of 19658 ILS Million in the fourth quarter of 2018 and a record low of 8445.70 ILS Million in the first quarter of 2005. Israel: Economy grows at fastest pace on record in Q3. Over the same period, per capita growth was only 1.7%. Israel gdp per capita for 2018 was $41,720, a 2.91% increase from 2017. Israel gdp per capita for 2019 was $43,641, a 4.61% increase from 2018. GDP (current US$) - Israel. ... GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2017 international $) Gross Domestic Product of Israel fell 8.1 in the second quarter of 2020 compared to the previous quarter. This rate is 64 -tenths of one percent less than in the previous quarter, when changed -1.7%. Economic activity rebounded in the third quarter, with GDP expanding 37.9% in seasonally-adjusted annualized terms (SAAR), contrasting the 29.8% contraction logged in the second quarter and significantly outpacing market expectations. Israeli-Palestinian tensions will remain high. On a purchasing-power-parity basis, the level of GDP per capita, at $27,661 in 2009, is just over 80% of the OECD average (that average was about $33,023), and is far below that of topranking OECD countries. In 1990, Israel's GDP stood at $11,264, while the U.S. GDP stood at $23,954. World Bank national accounts data, and OECD National Accounts data files. That is especially the case for Israel, where if Israel matches the top five countries in reducing red tape, GDP per capital would be almost 20% higher in 2060 than the OECD baseline forecast. Gross domestic product (GDP) â¦ The fiscal deficit will fall but remain high, and GDP will recover only slowly as coronavirus-related disruptions hurt global demand in 2021, and growth will rise strongly thereafter. Rapid growth of the high-tech industry has been the engine driving Israel's economy. Economic activity rebounded in the third quarter, with GDP expanding 37.9% in seasonally-adjusted annualized terms (SAAR), contrasting the 29.8% contraction logged in the second quarter and significantly outpacing market expectations. GDP per Capita in Israel (with a population of 8,243,848 people) was $36,288 in 2017, an increase of $625 from $35,663 in 2016; this represents a change of 1.8% in GDP â¦ However, growth has also been helped by relatively rapid population increase. Iran will be the main external threat. GDP Growth Rate in 2017 was 3.33%, representing a change of 9,961,587,029 US$ over 2016, when Real GDP was $289,193,294,972.