CBS: Home construction to rise by 11%

Central Bureau of Statistics' annual report reveals that Israel's GDP will grow by 4% in 2010.

October 18, 2010 17:06
1 minute read.
Settlers begin construction in West Bank

West Bank construction 311. (photo credit: Miri Tzachi)


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 GDP will grow by 4 percent in 2010, after growing 0.8% in 2009 and 4.2% in 2008, the Central Bureau of Statistics reported Sunday in its “First Annual Flash Estimates of the National Accounts for 2010.”

GDP per capita will be NIS 105,500 in current prices, 2.1% higher than in 2009, the report said.

Be the first to know - Join our Facebook page.

The estimates are very close to the figures released two months ago, in which the statistics bureau predicted 4.1% GDP growth for this year. Annualized GDP growth in the first half of the year was 4%.

The statistics bureau predicted that investment in residential construction will rise 11.1% in 2010, after rising 5.5% in 2009 and 10.2% in 2008. It also predicted a 4.6% increase in private consumption in 2010, after rising 1.7% in 2009 and 3% in 2008. Public expenditure will rise 4%, after rising 2.5% in 2009 and 2.6% in 2008. Exports of goods and services will rise an average of 9.1%, after falling 12.5% in 2009 and rising 5.9% in 2008. Investment in fixed assets will rise 6.2% in 2010, after falling 5.8% in 2009 and rising 3.9% in 2008, the report said.

Related Content

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