Israel's economy grew 4.7% in 2011

Port2port News Service
Mar 14, 2012 
 
This was a slight downward revision from the previous estimate at the end of 2011 that GDP had been 4.8%. 
 
The Central Bureau of Statistics reported last week that Israel's Gross Domestic Product (GDP) rose by 4.7% in fixed prices, in 2011. 
 
This was a slight downward revision from the previous estimate at the end of 2011 that GDP had been 4.8%. 
 
The GDP rose 4.8% in 2010 and 0.9% in 2009. Per capita GDP growth was also down a tenth of a percent at 2.8% in fixed prices in 2011 after a rise of 2.9% in 2010 and a fall of 0.9% in 2009. 
 
Private consumption rose 3.6%, while public consumption rose 3.7%. Resources available to the economy rose 6.2%, following a 6.7% rise the year before. 
 
Investments in fixed assets rose 16.2%, Exports of goods and services rose 4.9% while imports of goods and services were 10.6% higher. 
 
Gross domestic income rose 3.4%  . Private consumption rose by 3.6% and public expenditure rose by 3.7%.

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