Jerusalem, 16 September, 2024 (TPS) -- Israel’s Central Bureau of Statistics released the data of “National Accounts: Second Estimation for the Second Quarter of 2024.”
The data showed the country’s GDP Increased at an annual rate of 0.7% (0.2% at Quarterly rate).
The second quarter of 2024 compared to the first quarter of 2024 (seasonally adjusted change in annual calculation):
An increase of 0.7% in GDP (0.2% in a quarterly calculation)
A 2.7% decrease in business GDP (0.7% on a quarterly basis)
An increase of 8.2% in spending on public consumption (2% on a quarterly basis)
An increase of 11.4% in spending on private consumption (2.7% on a quarterly basis)
A 4% increase in investments in fixed assets (1% on a quarterly basis)
A decrease of 8.3% in the export of goods and services with the exception of the start-up companies and diamonds (2.1% on a quarterly basis)
A 5.7% decrease in the import of goods and services with the exception of defense imports, aircraft carriers and diamonds (1.5% on a quarterly basis)