BREAKING NEWS

Israeli economy grows by 4.8 percent in 2011

By GLOBES

DECEMBER 29, 2011 14:32

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.

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.

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