Israel’s economy will grow by 3.1% in 2025, according to preliminary data from the country’s statistics bureau.
Thus, the GDP growth rate accelerated compared to 1% in 2024.
Business investment increased by 7.1% last year, while exports rose by 5.9%. Consumer spending was up 2.6 per cent and government spending was up 1.7 per cent.
GDP per capita rose 1.7% after falling the previous two years.
Israel’s economy expanded at a 4% annualised rate in the fourth quarter after jumping 12.7% in the previous three months. Consumer spending fell 3.6% and business investment fell 6.4%. At the same time, exports soared 33%.