Israel’s Gross Domestic Product (GDP) grew by 8.1% in 2021, beating the Bank of Israel forecast of 7.5% and the OECD forecast (see here previously) of 6.3%. GDP in Q4 was over 16%. https://en.globes.co.il/en/article-israels-economy-grew-81-in-2021-1001402524

The OECD has raised Israel’s GDP growth forecast to 6.3% in 2021 (from 5%) due to its successful Covid vaccine rollout, recovery in demand and the jobs market. Israel’s Ministry of Finance is even more optimistic, at 7%. https://en.globes.co.il/en/article-oecd-raises-israels-economic-growth-forecast-1001392901

Israel’s GDP grew 6.8% on an annualized basis in the second quarter of 2022 thanks to recoveries in the tourism, aviation, hospitality, restaurant, and transport services sectors. GDP is 7.4% higher than at Jun 2021 – the highest growth recorded … Continue reading →