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5.2% GDP growth in 2005

The Central Bureau of Statistics (CBS) again published last week its amended growth estimates for 2005
20.03.06 / 00:00
5.2% GDP growth in 2005
20.03.06
5.2% GDP growth in 2005

 The Central Bureau of Statistics (CBS) again published last week its amended growth estimates for 2005
 
According to the newly published estimates Israel's GDP grew in 2005 by 5.2%, no change from figure previously reported. In 2004 GDP rose by 4.7% and in 2003 by 1.7%.
 
According to the revised figures, import and export growth slowed substantially. In 2005 exports was up by only 5.6%, compared with the previous estimate of 7 .4%, and imports was up 4%, compared with the previous estimated figure of 6.6%.
 
The CBS also reported that:
Israel’s GDP in 2005 was NIS 550 billion.
Business product was NIS 374 billion.
GDP per capita rose in 2005 3.3%, to NIS 79,900, compared with NIS 76,900 in 2004.
Standard of living rose 2.1% in 2005, after rising 3.2% in 2004
Private consumption totaled NIS 327 billion.
Exports of goods and services totaled NIS 254 billion and imports of goods and services totaled NIS 284 billion.

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