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.

economic outlook graph economy money 311. (photo credit: Stockbyte)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Israel's 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.

The 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.

Be the first to know - Join our Facebook page.


RELATED:
Fischer: Larger defense budget means higher taxes
Fischer: Bank of Israel to cut 2012 growth forecast

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.

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 scenario.

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 30 years."

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS