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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 4Q2014
By 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

Summary
GDP at chained (2010) prices
Annual data
At chained (2010) prices NSA
NIS Million GDP less tax Impot taxes
2007
737,204
37,963
2008
770,313
39,376
2009
785,518
34,275
2010
831,535
34,695
2011
870,847
35,000
2012
902,171
33,411
2013
932,035
35,145
2014
961,451
36,502
Y/Y
GDP less tax Impot taxes
2008
4.49%
3.72%
2009
1.97%
-12.96%
2010
5.86%
1.23%
2011
4.73%
0.88%
2012
3.60%
-4.54%
2013
3.31%
5.19%
2014
3.16%
3.86%
Own estimate

GDP
775,166
809,689
819,793
866,230
905,847
935,582
967,179
997,953
GDP
4.45%
1.25%
5.66%
4.57%
3.28%
3.38%
3.18%

Private
451,997
459,321
469,347
492,725
511,356
527,595
547,109
561,702
Private
1.62%
2.18%
4.98%
3.78%
3.18%
3.70%
2.67%

Govern
184,060
189,163
194,966
201,390
206,482
212,687
219,268
226,991
Govern
2.77%
3.07%
3.30%
2.53%
3.01%
3.09%
3.52%

GFCF
139,952
153,107
146,282
160,285
185,421
191,881
194,315
197,312
GFCF
9.40%
-4.46%
9.57%
15.68%
3.48%
1.27%
1.54%

Exports
282,875
300,328
265,266
302,918
325,124
328,289
331,417
344,537
Exports
6.17%
-11.67%
14.19%
7.33%
0.97%
0.95%
3.96%

Imports
282,994
289,699
250,008
287,814
318,159
325,471
324,356
335,956
Imports
2.37%
-13.70%
15.12%
10.54%
2.30%
-0.34%
3.58%

GDP
221,029
223,544
230,678
230,596
229,695
230,030
238,091
237,767
236,133
241,541
243,046
246,460
244,157
248,009
251,934
253,853
GDP
5.05%
4.10%
5.75%
3.43%
3.92%
2.90%
3.21%
3.11%
2.80%
5.00%
2.08%
3.66%
3.40%
2.68%
3.66%
3.00%

Private Govern GFCF Exports Imports


125,697 52,725 43,780 78,932 75,221
125,157 50,435 44,721 82,192 80,755
135,009 51,069 47,120 81,798 81,649
125,493 52,253 49,801 82,202 80,534
129,184 54,574 48,747 79,197 83,991
129,266 52,452 48,120 87,274 83,390
138,777 51,098 46,977 80,373 81,650
130,368 54,563 48,038 81,445 76,440
133,145 54,734 45,664 81,313 77,297
134,393 54,707 48,073 86,060 81,164
144,122 53,154 48,823 76,454 83,900
135,449 56,674 51,755 87,590 81,995
136,599 57,493 46,960 86,223 82,348
137,648 56,349 48,625 88,599 84,304
148,065 55,052 49,355 81,678 85,730
139,390 58,096 52,372 88,037 83,575
Private Govern GFCF Exports Imports
5.67%
4.23% 18.80% 11.41% 12.27%
4.17%
0.46% 13.34%
8.21% 14.12%
4.14%
3.71% 18.13% 10.20% 11.44%
1.21%
1.73% 12.96%
0.39%
4.88%
2.77%
3.51% 11.35%
0.34% 11.66%
3.28%
4.00%
7.60%
6.18%
3.26%
2.79%
0.06% -0.30% -1.74%
0.00%
3.88%
4.42% -3.54% -0.92% -5.08%
3.07%
0.29% -6.32%
2.67% -7.97%
3.97%
4.30% -0.10% -1.39% -2.67%
3.85%
4.02%
3.93% -4.88%
2.76%
3.90%
3.87%
7.74%
7.54%
7.27%
2.59%
5.04%
2.84%
6.04%
6.53%
2.42%
3.00%
1.15%
2.95%
3.87%
2.74%
3.57%
1.09%
6.83%
2.18%
2.91%
2.51%
1.19%
0.51%
1.93%

GDP
223,207
225,251
227,654
229,469
231,220
232,950
235,419
237,377
238,654
241,227
242,411
244,329
245,984
249,326
250,180
252,463
GDP
4.63%
3.71%
4.34%
3.23%
3.09%
3.03%
4.31%
3.37%
2.17%
4.38%
1.98%
3.20%
2.74%
5.55%
1.38%
3.70%

Private Govern GFCF


127,173 50,572 43,879
127,217 51,071 45,661
128,164 51,868 47,533
129,121 52,584 48,346
131,383 53,105 49,528
131,547 52,790 48,700
131,943 52,834 47,512
132,923 54,062 46,441
134,509 53,413 47,186
136,298 54,550 47,793
137,592 55,250 49,199
138,124 55,681 49,697
137,927 55,988 47,822
139,952 56,524 48,962
141,248 56,832 49,920
142,575 57,647 50,608
Private Govern GFCF
3.05% -5.80% 12.70%
0.14%
4.00% 17.26%
3.01%
6.39% 17.44%
3.02%
5.64%
7.01%
7.19%
4.03% 10.15%
0.50% -2.35% -6.52%
1.21%
0.34% -9.40%
3.00%
9.63% -8.72%
4.86% -4.72%
6.57%
5.43%
8.80%
5.25%
3.85%
5.23% 12.30%
1.55%
3.16%
4.11%
-0.57%
2.22% -14.26%
6.00%
3.88%
9.88%
3.76%
2.20%
8.06%
3.81%
5.86%
5.63%

Quarterly data Expenditure approach


At chained (2010) prices NSA
NIS Million GDP less tax Impot taxes
2011Q1
211,713
9,316
2011Q2
215,059
8,485
2011Q3
221,823
8,855
2011Q4
222,252
8,344
2012Q1
220,830
8,865
2012Q2
221,683
8,347
2012Q3
229,835
8,257
2012Q4
229,824
7,943
2013Q1
227,721
8,411
2013Q2
232,837
8,704
2013Q3
233,750
9,296
2013Q4
237,726
8,733
2014Q1
234,846
9,311
2014Q2
239,102
8,907
2014Q3
242,700
9,235
2014Q4
244,804
9,049
Y/Y
GDP less tax Impot taxes
2011Q1
4.74%
12.47%
2011Q2
4.34%
-1.62%
2011Q3
5.76%
5.45%
2011Q4
4.07%
-11.14%
2012Q1
4.31%
-4.85%
2012Q2
3.08%
-1.63%
2012Q3
3.61%
-6.76%
2012Q4
3.41%
-4.81%
2013Q1
3.12%
-5.11%
2013Q2
5.03%
4.27%
2013Q3
1.70%
12.59%
2013Q4
3.44%
9.95%
2014Q1
3.13%
10.69%
2014Q2
2.69%
2.34%
2014Q3
3.83%
-0.66%
2014Q4
2.98%
3.62%
Last data
At chained (2010) prices SA
NIS Million GDP less tax Impot taxes
2011Q1
214,076
9,131
2011Q2
216,398
8,853
2011Q3
218,990
8,664
2011Q4
220,985
8,484
2012Q1
222,486
8,734
2012Q2
224,632
8,318
2012Q3
227,243
8,176
2012Q4
229,221
8,156
2013Q1
230,106
8,548
2013Q2
232,715
8,513
2013Q3
233,029
9,382
2013Q4
235,420
8,909
2014Q1
237,056
8,928
2014Q2
240,354
8,972
2014Q3
240,873
9,307
2014Q4
243,168
9,295
Q/Q SAAR GDP less tax Impot taxes
2011Q1
5.13%
-6.32%
2011Q2
4.41%
-11.63%
2011Q3
4.88%
-8.28%
2011Q4
3.70%
-8.08%
2012Q1
2.74%
12.33%
2012Q2
3.91%
-17.74%
2012Q3
4.73%
-6.65%
2012Q4
3.53%
-0.94%
2013Q1
1.55%
20.62%
2013Q2
4.61%
-1.64%
2013Q3
0.54%
47.52%
2013Q4
4.17%
-18.68%
2014Q1
2.81%
0.86%
2014Q2
5.68%
1.96%
2014Q3
0.87%
15.81%
2014Q4
3.87%
-0.52%
Last data

Exports
80,451
82,547
81,323
81,046
80,265
85,839
82,458
80,259
82,167
83,904
80,732
85,307
87,126
87,115
84,205
86,092
Exports
6.75%
10.83%
-5.80%
-1.35%
-3.80%
30.81%
-14.85%
-10.25%
9.85%
8.73%
-14.28%
24.67%
8.80%
-0.05%
-12.70%
9.27%

Imports
78,542
79,552
79,966
81,173
87,003
83,592
80,668
78,125
79,088
80,038
81,711
82,908
84,258
83,517
83,863
84,318
Imports
15.95%
5.24%
2.10%
6.17%
31.98%
-14.78%
-13.27%
-12.03%
5.03%
4.89%
8.63%
5.99%
6.68%
-3.47%
1.67%
2.19%

Quarterly data Production approach


NIS (2010) million, SA Quarterly chg at annual rate
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 Q4, Q/Q Q1, Q/Q
Financial & insurance; real estate; professional scientific & Technical;
47,411 48,674 49,475 49,646 50,388
1.39%
6.11%
administrative & support service
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
Financial & insurance; real estate; professional scientific & Technical;
47,036 48,469 50,131 49,809 50,698
2.47%
7.79%
administrative & support service
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%

GDP at current prices


GDP At current prices
NIS Million GDP less tax Impot taxes
2007
686,648
32,138
2008
733,338
31,359
2009
778,437
30,793
2010
831,536
34,695
2011
886,658
37,242
2012
956,339
37,025
2013
1,014,581
37,438
Last data
GDP, Implicit Price Index
2010=100
GDP less tax Impot taxes
2007
93.14
84.66
2008
95.20
79.64
2009
99.10
89.84
2010
100.00
100.00
2011
101.82
106.41
2012
106.00
110.82
2013
108.86
106.53
GDP At current prices
NIS Million GDP less tax Impot taxes
2010Q1
202,187
8,048
2010Q2
206,619
8,396
2010Q3
210,969
8,835
2010Q4
211,760
9,416
2011Q1
212,533
9,645
2011Q2
219,172
9,202
2011Q3
226,031
9,278
2011Q4
228,921
9,117
2012Q1
228,621
9,726
2012Q2
236,467
9,289
2012Q3
246,018
9,519
2012Q4
245,234
8,491
2013Q1
243,450
9,461
2013Q2
254,810
9,744
2013Q3
258,515
9,837
2013Q4
257,806
8,396
2014Q1
255,305
9,934
Last data

GDP
718,786
764,697
809,230
866,231
923,900
993,365
1,052,019

Private
408,396
436,654
455,349
492,725
529,208
558,525
591,353

Govern
169,947
180,297
188,579
201,390
212,802
227,470
240,418

GFCF
140,273
151,567
147,578
160,286
188,777
202,841
206,047

Exports
295,934
295,719
271,993
302,918
328,001
359,361
343,224

Imports
302,481
301,318
249,313
287,814
332,592
357,386
329,973

GDP
Private Govern GFCF Exports Imports
92.73
90.35
92.33 100.23 104.62 106.89
94.44
95.07
95.31
98.99
98.47 104.01
98.71
97.02
96.72 100.89 102.54
99.72
100.00 100.00 100.00 100.00 100.00 100.00
101.99 103.49 103.06 101.81 100.88 104.54
106.18 105.86 106.95 105.71 109.46 109.81
108.77 108.09 109.65 106.04 103.56 101.73
GDP
Private Govern GFCF Exports Imports
210,235 116,982 49,326 36,945 71,349 66,846
215,015 119,145 51,130 39,338 76,877 70,627
219,804 131,188 49,833 40,043 75,025 74,408
221,176 125,410 51,102 43,959 79,667 75,933
222,178 128,160 52,652 44,432 80,797 78,163
228,374 129,319 53,125 44,811 80,810 81,529
235,309 140,942 53,402 48,017 82,089 86,582
238,038 130,787 53,623 51,518 84,305 86,318
238,347 134,999 56,330 51,125 84,140 90,813
245,756 135,888 57,606 50,284 94,967 90,048
255,537 148,423 55,563 50,151 90,926 92,388
253,725 139,215 57,972 51,281 89,328 84,137
252,911 141,827 58,500 48,856 86,463 81,493
264,554 145,053 61,795 50,576 89,538 82,096
268,352 157,185 59,708 51,921 78,297 84,458
266,202 147,288 60,415 54,694 88,926 81,926
265,239 148,146 61,396 50,195 87,583 81,365