Israel gdp

Israel's GDP grew by a whopping 15.4% in the second quarter, compared with the previous quarter, the sharp rise being attributed to the removal of coronavirus restrictions.

As Benjamin Netanyahu concludes 12 years as Israel's prime minister, what is the legacy he leaves behind for Israel's economy?

"I'd say Israel is probably the country with the widest margins of error and the safest procedures in place of those who are at all opening," a source told The Jerusalem Post.

The report forecasts two possible scenarios: One in which the country manages to dance with the virus and one in which there are extreme spikes in morbidity.

Growth in 2020 is expected to remain close to 3%, but Bank of Israel policymakers have expressed caution, given the current government stalemate.

While current national healthcare expenditure as a share of GDP is lower than average spend in OECD countries, Israel's expenditure was higher than 10 other OECD nations.

Except for December 2018, the annual inflation rate has remained at 1.2% or higher over the past nine months, slightly above the lower bound of the bank's 1%-3% target range.

Speaking at the Maariv Leaders Conference in Jerusalem, Cohen said Israel could rise from its current ranking by focusing on the country's hi-tech and energy sectors.

Israel enjoys GDP per capita of $42,120. In contrast, Japan's GDP per capita is $40,850.