Israel – GDP 1Q2014

by Eduardo Petazze

In 1Q2014 GDP of Israel grew +2.74% Q/Q, SAAR (+3.40% Y/Y), from +3.20% Q/Q, SAAR (+3.66% Y/Y) in 4Q2014By 2014 an estimated growth of around 3.2% of GDP, from 3.38% in 2013

Links: Expenditure On The Gross Domestic Product And The Uses Of Resources Expenditure On Gross Domestic Product And Uses Of Resources, At Market Prices Gross Domestic Capital Formation Private Consumption Expenditure, By Type Gross Domestic Product At Basic Prices Also see: Israel's Balance of Payments - January-March 2014

SummaryGDP at chained (2010) prices

Annual data

Quarterly data – Expenditure approach

Quarterly data – Production approach

GDP at current pricesGDP At current prices

NIS Million GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2007 686,648 32,138 718,786 408,396 169,947 140,273 295,934 302,4812008 733,338 31,359 764,697 436,654 180,297 151,567 295,719 301,3182009 778,437 30,793 809,230 455,349 188,579 147,578 271,993 249,3132010 831,536 34,695 866,231 492,725 201,390 160,286 302,918 287,8142011 886,658 37,242 923,900 529,208 212,802 188,777 328,001 332,5922012 956,339 37,025 993,365 558,525 227,470 202,841 359,361 357,3862013 1,014,581 37,438 1,052,019 591,353 240,418 206,047 343,224 329,973

Last dataGDP, Implicit Price Index

2010=100 GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2007 93.14 84.66 92.73 90.35 92.33 100.23 104.62 106.892008 95.20 79.64 94.44 95.07 95.31 98.99 98.47 104.012009 99.10 89.84 98.71 97.02 96.72 100.89 102.54 99.722010 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.002011 101.82 106.41 101.99 103.49 103.06 101.81 100.88 104.542012 106.00 110.82 106.18 105.86 106.95 105.71 109.46 109.812013 108.86 106.53 108.77 108.09 109.65 106.04 103.56 101.73

GDP At current pricesNIS Million GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports

2010Q1 202,187 8,048 210,235 116,982 49,326 36,945 71,349 66,8462010Q2 206,619 8,396 215,015 119,145 51,130 39,338 76,877 70,6272010Q3 210,969 8,835 219,804 131,188 49,833 40,043 75,025 74,4082010Q4 211,760 9,416 221,176 125,410 51,102 43,959 79,667 75,9332011Q1 212,533 9,645 222,178 128,160 52,652 44,432 80,797 78,1632011Q2 219,172 9,202 228,374 129,319 53,125 44,811 80,810 81,5292011Q3 226,031 9,278 235,309 140,942 53,402 48,017 82,089 86,5822011Q4 228,921 9,117 238,038 130,787 53,623 51,518 84,305 86,3182012Q1 228,621 9,726 238,347 134,999 56,330 51,125 84,140 90,8132012Q2 236,467 9,289 245,756 135,888 57,606 50,284 94,967 90,0482012Q3 246,018 9,519 255,537 148,423 55,563 50,151 90,926 92,3882012Q4 245,234 8,491 253,725 139,215 57,972 51,281 89,328 84,1372013Q1 243,450 9,461 252,911 141,827 58,500 48,856 86,463 81,4932013Q2 254,810 9,744 264,554 145,053 61,795 50,576 89,538 82,0962013Q3 258,515 9,837 268,352 157,185 59,708 51,921 78,297 84,4582013Q4 257,806 8,396 266,202 147,288 60,415 54,694 88,926 81,9262014Q1 255,305 9,934 265,239 148,146 61,396 50,195 87,583 81,365

Last data

At chained (2010) prices – NSANIS Million GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports

2007 737,204 37,963 775,166 451,997 184,060 139,952 282,875 282,9942008 770,313 39,376 809,689 459,321 189,163 153,107 300,328 289,6992009 785,518 34,275 819,793 469,347 194,966 146,282 265,266 250,0082010 831,535 34,695 866,230 492,725 201,390 160,285 302,918 287,8142011 870,847 35,000 905,847 511,356 206,482 185,421 325,124 318,1592012 902,171 33,411 935,582 527,595 212,687 191,881 328,289 325,4712013 932,035 35,145 967,179 547,109 219,268 194,315 331,417 324,3562014 961,451 36,502 997,953 561,702 226,991 197,312 344,537 335,956Y/Y GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2008 4.49% 3.72% 4.45% 1.62% 2.77% 9.40% 6.17% 2.37%2009 1.97% -12.96% 1.25% 2.18% 3.07% -4.46% -11.67% -13.70%2010 5.86% 1.23% 5.66% 4.98% 3.30% 9.57% 14.19% 15.12%2011 4.73% 0.88% 4.57% 3.78% 2.53% 15.68% 7.33% 10.54%2012 3.60% -4.54% 3.28% 3.18% 3.01% 3.48% 0.97% 2.30%2013 3.31% 5.19% 3.38% 3.70% 3.09% 1.27% 0.95% -0.34%2014 3.16% 3.86% 3.18% 2.67% 3.52% 1.54% 3.96% 3.58%

Own estimate

At chained (2010) prices – NSANIS Million GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports

2011Q1 211,713 9,316 221,029 125,697 52,725 43,780 78,932 75,2212011Q2 215,059 8,485 223,544 125,157 50,435 44,721 82,192 80,7552011Q3 221,823 8,855 230,678 135,009 51,069 47,120 81,798 81,6492011Q4 222,252 8,344 230,596 125,493 52,253 49,801 82,202 80,5342012Q1 220,830 8,865 229,695 129,184 54,574 48,747 79,197 83,9912012Q2 221,683 8,347 230,030 129,266 52,452 48,120 87,274 83,3902012Q3 229,835 8,257 238,091 138,777 51,098 46,977 80,373 81,6502012Q4 229,824 7,943 237,767 130,368 54,563 48,038 81,445 76,4402013Q1 227,721 8,411 236,133 133,145 54,734 45,664 81,313 77,2972013Q2 232,837 8,704 241,541 134,393 54,707 48,073 86,060 81,1642013Q3 233,750 9,296 243,046 144,122 53,154 48,823 76,454 83,9002013Q4 237,726 8,733 246,460 135,449 56,674 51,755 87,590 81,9952014Q1 234,846 9,311 244,157 136,599 57,493 46,960 86,223 82,3482014Q2 239,102 8,907 248,009 137,648 56,349 48,625 88,599 84,3042014Q3 242,700 9,235 251,934 148,065 55,052 49,355 81,678 85,7302014Q4 244,804 9,049 253,853 139,390 58,096 52,372 88,037 83,575

Y/Y GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2011Q1 4.74% 12.47% 5.05% 5.67% 4.23% 18.80% 11.41% 12.27%2011Q2 4.34% -1.62% 4.10% 4.17% 0.46% 13.34% 8.21% 14.12%2011Q3 5.76% 5.45% 5.75% 4.14% 3.71% 18.13% 10.20% 11.44%2011Q4 4.07% -11.14% 3.43% 1.21% 1.73% 12.96% 0.39% 4.88%2012Q1 4.31% -4.85% 3.92% 2.77% 3.51% 11.35% 0.34% 11.66%2012Q2 3.08% -1.63% 2.90% 3.28% 4.00% 7.60% 6.18% 3.26%2012Q3 3.61% -6.76% 3.21% 2.79% 0.06% -0.30% -1.74% 0.00%2012Q4 3.41% -4.81% 3.11% 3.88% 4.42% -3.54% -0.92% -5.08%2013Q1 3.12% -5.11% 2.80% 3.07% 0.29% -6.32% 2.67% -7.97%2013Q2 5.03% 4.27% 5.00% 3.97% 4.30% -0.10% -1.39% -2.67%2013Q3 1.70% 12.59% 2.08% 3.85% 4.02% 3.93% -4.88% 2.76%2013Q4 3.44% 9.95% 3.66% 3.90% 3.87% 7.74% 7.54% 7.27%2014Q1 3.13% 10.69% 3.40% 2.59% 5.04% 2.84% 6.04% 6.53%2014Q2 2.69% 2.34% 2.68% 2.42% 3.00% 1.15% 2.95% 3.87%2014Q3 3.83% -0.66% 3.66% 2.74% 3.57% 1.09% 6.83% 2.18%2014Q4 2.98% 3.62% 3.00% 2.91% 2.51% 1.19% 0.51% 1.93%

Last dataAt chained (2010) prices – SA

NIS Million GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2011Q1 214,076 9,131 223,207 127,173 50,572 43,879 80,451 78,5422011Q2 216,398 8,853 225,251 127,217 51,071 45,661 82,547 79,5522011Q3 218,990 8,664 227,654 128,164 51,868 47,533 81,323 79,9662011Q4 220,985 8,484 229,469 129,121 52,584 48,346 81,046 81,1732012Q1 222,486 8,734 231,220 131,383 53,105 49,528 80,265 87,0032012Q2 224,632 8,318 232,950 131,547 52,790 48,700 85,839 83,5922012Q3 227,243 8,176 235,419 131,943 52,834 47,512 82,458 80,6682012Q4 229,221 8,156 237,377 132,923 54,062 46,441 80,259 78,1252013Q1 230,106 8,548 238,654 134,509 53,413 47,186 82,167 79,0882013Q2 232,715 8,513 241,227 136,298 54,550 47,793 83,904 80,0382013Q3 233,029 9,382 242,411 137,592 55,250 49,199 80,732 81,7112013Q4 235,420 8,909 244,329 138,124 55,681 49,697 85,307 82,9082014Q1 237,056 8,928 245,984 137,927 55,988 47,822 87,126 84,2582014Q2 240,354 8,972 249,326 139,952 56,524 48,962 87,115 83,5172014Q3 240,873 9,307 250,180 141,248 56,832 49,920 84,205 83,8632014Q4 243,168 9,295 252,463 142,575 57,647 50,608 86,092 84,318

Q/Q SAAR GDP less tax Impot taxes GDP Private Govern GFCF Exports Imports2011Q1 5.13% -6.32% 4.63% 3.05% -5.80% 12.70% 6.75% 15.95%2011Q2 4.41% -11.63% 3.71% 0.14% 4.00% 17.26% 10.83% 5.24%2011Q3 4.88% -8.28% 4.34% 3.01% 6.39% 17.44% -5.80% 2.10%2011Q4 3.70% -8.08% 3.23% 3.02% 5.64% 7.01% -1.35% 6.17%2012Q1 2.74% 12.33% 3.09% 7.19% 4.03% 10.15% -3.80% 31.98%2012Q2 3.91% -17.74% 3.03% 0.50% -2.35% -6.52% 30.81% -14.78%2012Q3 4.73% -6.65% 4.31% 1.21% 0.34% -9.40% -14.85% -13.27%2012Q4 3.53% -0.94% 3.37% 3.00% 9.63% -8.72% -10.25% -12.03%2013Q1 1.55% 20.62% 2.17% 4.86% -4.72% 6.57% 9.85% 5.03%2013Q2 4.61% -1.64% 4.38% 5.43% 8.80% 5.25% 8.73% 4.89%2013Q3 0.54% 47.52% 1.98% 3.85% 5.23% 12.30% -14.28% 8.63%2013Q4 4.17% -18.68% 3.20% 1.55% 3.16% 4.11% 24.67% 5.99%2014Q1 2.81% 0.86% 2.74% -0.57% 2.22% -14.26% 8.80% 6.68%2014Q2 5.68% 1.96% 5.55% 6.00% 3.88% 9.88% -0.05% -3.47%2014Q3 0.87% 15.81% 1.38% 3.76% 2.20% 8.06% -12.70% 1.67%2014Q4 3.87% -0.52% 3.70% 3.81% 5.86% 5.63% 9.27% 2.19%

Last data

NIS (2010) million, SA – Quarterly chg at annual rate 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 Q4, Q/Q Q1, Q/Q

47,411 48,674 49,475 49,646 50,388 1.39% 6.11%

Transportation and storage, postal and courier activities 9,388 9,290 9,081 9,297 9,623 9.85% 14.77%Information and communication 21,500 20,986 20,696 21,132 21,357 8.71% 4.32%Wholesale & retail trade; accomodation and food services 19,984 20,234 20,156 19,775 20,356 -7.36% 12.28%Construction (building and civil engineering projects) 11,651 11,743 11,726 11,592 11,272 -4.50% -10.58%Manufacturing; minning and quarrying 31,066 30,798 31,253 32,591 31,892 18.27% -8.32%

Total 150,207 152,129 152,575 153,533 154,119 2.53% 1.54%Services of general government and NPISH 33,813 33,998 34,324 34,882 35,413 6.66% 6.23%Housing services 26,083 26,301 26,542 26,797 27,020 3.90% 3.38%

GDP at basic prices 210,773 213,046 214,090 215,785 217,246 3.20% 2.74%

NIS (2010) million, NSA – Yearly change 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 Q4, Y/Y Q1, Y/Y

47,036 48,469 50,131 49,809 50,698 2.47% 7.79%

Transportation and storage, postal and courier activities 8,848 9,059 9,772 9,270 9,049 0.38% 2.27%Information and communication 21,100 20,816 21,239 21,126 21,018 5.61% -0.39%Wholesale & retail trade; accomodation and food services 19,605 20,049 20,713 19,884 19,855 0.21% 1.27%Construction (building and civil engineering projects) 11,264 11,675 11,807 12,185 10,759 1.77% -4.48%Manufacturing; minning and quarrying 30,765 31,245 30,219 33,850 31,673 6.27% 2.95%

Total 149,408 153,672 156,571 157,052 153,912 3.56% 3.01%Services of general government and NPISH 34,507 34,720 32,625 35,180 36,279 4.21% 5.13%Housing services 26,083 26,301 26,542 26,797 27,020 3.60% 3.59%

GDP at basic prices 209,957 214,765 216,104 219,139 217,091 3.66% 3.40%

Financial & insurance; real estate; professional scientific & Technical; administrative & support service

Financial & insurance; real estate; professional scientific & Technical; administrative & support service