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Jerusalem Life

| Israel's 2019 growth revised upwards

Janglo News    
Monday, 17 February 10:56 AM
Israel's Central Bureau of Statistics has revised its previous 3.3% estimate for growth in 2019 to 3.5%, after including figures for the fourth quarter of the year. Last year's growth thus exceeded the economy's 3.4% growth in 2018. The revised growth figures were strongly affected by the bringing forward of imports of hybrid vehicles, after taxes were raised on these vehicles, starting in 2020. The bringing forward of imports will be at the expense of 2020 growth.

Growth in the fourth quarter totaled 4.6% according to the Central Bureau of Statistics' first estimate, published today. Excluding vehicles, growth in the quarter was 3.3%. Per capita GDP in the fourth quarter grew by an annualized 2.7%, compared with 2.4% in the third quarter.
         
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