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GDP gross domestic product

The scene where a ballistic missile fired from Iran hit and caused damage in Tel Aviv, June 16, 2025. (Erik Marmor/Flash90)
August 17, 2025, 9:33 pm
Israel’s economy slumps 3.5%, as Iran war squeezes consumer spending and business
Economy suffers first contraction since outbreak of war in Oct. 2023, as private consumption, investments, and exports fall, given massive reservist call-up and business closures
By Sharon Wrobel
A street in the Christian quarter of the Old City of Jerusalem, usually lined with restaurants and shops, sits empty amid Israel's war against Hamas in Gaza and the halt to international tourism to the city, December 14, 2023. (Gianluca Pacchiani/Times of Israel)
October 15, 2024, 9:09 pm
Israel’s growth expands at slower pace as grueling war takes economic toll
GDP growth is revised down to an annualized 0.3 percent in the April to June period, as the year-long war with Hamas puts a strain on exports
By Reuters and ToI Staff
Illustrative: The Tel Aviv Stock Exchange. (Courtesy)
October 7, 2024, 6:06 pm
A year of war saps Israel’s borrowing strength, while costs balloon
Foreign investors reduce holdings of local bonds, some raise concerns over Israeli assets, as the country grapples with rising cost of borrowing to finance high war spending
By Reuters and ToI Staff
A street in the Christian quarter of the Old City of Jerusalem, usually lined with restaurants and shops, sits empty amid Israel's war against Hamas in Gaza and the halt to international tourism to the city, December 14, 2023. (Gianluca Pacchiani/Times of Israel)
August 22, 2024, 6:50 pm
Israel’s economy sees biggest slowdown among OECD countries as war drags on
The rate of economic growth shrank to 0.3% in the April-June quarter from 4.1% in the previous quarter, compared to steady overall growth of 0.5% in the OECD
By Sharon Wrobel
Illustrative: Israelis shop at the Dizengoff Center shopping mall on Dizengoff Street in Tel Aviv, March 20, 2024. (Miriam Alster/FLASH90)
August 18, 2024, 5:53 pm
Prolonged Gaza war hits Israeli economy with substantial slowdown
Economy contracted 0.4% in April-June on a per capita basis when adjusted to population growth, and business production and exports dropped, according to statistics bureau data
By Sharon Wrobel
The Tel Aviv Stock Exchange, November 29, 2020. (Miriam Alster/ Flash90/ File)
July 2, 2024, 4:25 pm
Israel’s economy seems to be doing okay, but is everything as it seems?
How Israel’s war in Gaza has affected employment, quality of life, and private and public spending, and how this is expressed in the data
By Tani Goldstein
Closed stores at the Cinema City mall in Jerusalem, May 3, 2020. (Yonatan Sindel/Flash90)
From the WebMay 18, 2021, 5:51 pm
Israel economy dipped in Q1 at end of COVID-19 lockdown
Reuters: GDP contracts by annualized 6.5% in first three months of 2021 vs forecast for 3.6% growth in quarter
People eat at a restaurant in Jerusalem's main market after authorities reopened restaurants, bars and cafes to 'green pass' holders on March 11, 2021. (Emmanuel DUNAND / AFP)
April 26, 2021, 12:56 pm
Amid COVID, Israel enters top 20 club of nations with highest GDP per capita
Data compiled by Forbes Israel based on IMF data shows Israel, with GDP per capita of $43,689 for 2020, ranking above Canada, New Zealand and UK; Luxemburg tops list at $116,921
By Shoshanna Solomon
An empty shopping area at Washington Union Station in Washington, DC, March 20, 2020. (SAUL LOEB/AFP)
January 28, 2021, 10:31 pm
Pandemic caused worst year for US economy since 1946
Commerce Department reports GDP shrunk by 3.5% in 2020 while net exports fell 13% and personal consumption expenditures dropped 3.9%
By Chris Stein and Heather Scott
Israelis protest against the government's latest coronavirus restrictions in Tel Aviv on July 18, 2020 (Miriam Alster/Flash90)
July 19, 2020, 2:17 pm
Finance Ministry sets out ever-bleaker outlook for Israeli economy
Economy could contract by 5.9%-7.2% this year, due to the coronavirus pandemic; ministry forecasts budget deficit of 13%-14.2% of GDP
By Shoshanna Solomon
The governor of the Bank of Israel, Amir Yaron, attends a press conference in Jerusalem, March 31, 2019. (Yonatan Sindel/Flash90/File)
July 7, 2020, 3:31 pm
Bank of Israel sees its corporate bonds plan as sharing in virus-related risk
Central bank intends to intervene, for the first time ever, in the corporate bond market, buying bonds for a total of NIS 15 billion, in a bid to aid the pandemic-hammered economy
By Shoshanna Solomon
Shipping containers at the Haifa port, November 14, 2011. (Yaakov Naumi/Flash90)
November 21, 2019, 4:41 pm
OECD: Though ‘robust,’ Israel’s economic growth expected to slow in coming years
Report predicts GDP to ease slightly in 2020, 2021, but remain near 3%; forecast sees unemployment rising to 4.3% — still close to historical low
By Stuart Winer
As far as the eye can see: the Tel Aviv view from the Azrieli observatory (photo: Courtesy)
From the WebNovember 17, 2019, 5:49 pm
Israel’s Q3 growth surprisingly high
Globes: Israel’s economy grew an annualized 4.1% in the third quarter, far exceeding market expectations of a 2.6%-2.8% increase, Central Bureau of Statistics data shows
Train tracks and the Ayalon highway in central Tel Aviv, with the Azrieli Towers as a backdrop, December 18, 2017. (Miriam Alster/Flash90)
From the WebAugust 18, 2019, 5:19 pm
Israeli economy grew at just 1% in Q2 2019
Globes: The second-quarter slowdown is due to a sharp drop in the imports of vehicles, the Central Bureau of Statistics says in report
As far as the eye can see: the Tel Aviv view from the Azrieli observatory (photo: Courtesy)
From the WebMay 16, 2019, 2:22 pm
Israeli economy grew at 5.2% in Q1 2019
Globes: Growth in the quarter boosted by rise in vehicle imports, Central Bureau of Statistics’ data shows; in the same quarter, a year earlier, growth was 3.9%
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