Israeli Economy Grows By 3.5 Percent in 2016

January 1, 2017

< 1 min read

The Israeli economy has grown by 3.5 percent in 2016, exceeding the Bank of Israel’s original prediction of 2.8 percent growth, the central bank’s research department said Wednesday.

The bank’s data indicates that Israelis’ standard of living grew by 2.9 percent this year, that private consumption rose by 5.9 percent, and that per capita growth increased by 1.5 percent. The Bank of Israel had initially predicted 0.5 percent per capita growth in 2016. This year has also seen unemployment in Israel drop to a record low of 4.8 percent.

According to the data, first quarter economic growth was slow in 2016, but the economy began accelerating in the second quarter, when overall investments jumped by 10 percent—double the central bank’s original projection. Imports (excluding defense imports) rose by 10.2 percent this year, and overall consumption (excluding defense consumption) grew by 4.3 percent.

(Israel Hayom/Exclusive to JNS.org)

Share this article

Donate today to support Israel’s needy

$10

$25

$50

$100

$250

CUSTOM AMOUNT

Defualt Donation Form

$
Personal Info

Credit Card Info
This is a secure SSL encrypted payment.

Donation Total: $100.00

Subscribe

Prophecy from the Bible is revealing itself as we speak. Israel365 News is the only media outlet reporting on it.

Sign up to our free daily newsletter today to get all the most important stories directly to your inbox. See how the latest updates in Jerusalem and the world are connected to the prophecies we read in the Bible. .