Israeli economy grows by 4.8 percent in 2011
Rise follows similar growth in 2010; GDP per capita rises 2.9% in 2011; Israel's population grows 1.9%.
By JPOST.COM STAFF, GLOBES
December 29, 2011 14:45
1 minute read.
economic outlook graph economy money 311.
(photo credit: Stockbyte)
gross domestic product rose by 4.8 percent in 2011, according to an
initial round-up of figures by the Central Bureau of Statistics
published on Thursday. The number follow a similar rise in 2010, and a
rise of 0.8% in 2009, the year of emergence from recession.Israel's population grew by 1.9% this year,
and GDP per capita rose 2.9%- figures similar to those for 2010. GDP per
capita this year was just above NIS 111,000.
Central Bureau of Statistics also reported that in the third quarter of
2011, GDP grew at an annual rate of 3.5%, which represents a slowdown in
comparison with the 3.7% growth rate recorded in the second quarter and
4.8% in the first.
Fischer: Larger defense budget means higher taxes
Fischer: Bank of Israel to cut 2012 growth forecast
Earlier Thursday, Bank
of Israel Governor Stanley Fischer warned that unemployment
could rise slightly next year and that financial markets could stagnate,
but said that the Bank of Israel has the tools to cope with this
In an end-of-year interview with Army Radio, Fischer
added that "unless there is a disaster in the Europe and the US is all
right, we can emerge from 2012 with the average growth rate of the past