Central Bureau of Statistics: GDP is expected to rise 5.2% in 2007.
The Central Bureau of Statistics reports today that GDP is expected to grow by 5.2% in 2007 and business product will grow by 6%. GDP rose 5.3% in 2006 and business product rose 6%.
The Central Bureau of Statistics also predicts that GDP per capita will rise 3.4% in 2007 to an all-time high of NIS 92,700 ($22.600). Private consumption will rise 6% this year, and is up 15% in 2005-07. The standard of living will rise 4.2%, and will have risen by a cumulative 7.1% in 2005-07.
Exports are predicted to rise 8.1% and imports by 9.4%. Investment in fixed assets will rise by 10.4% this year and will have grown 25% in 2005-07.
The figures indicate that Israel is concluding its fifth consecutive year of rapid growth: cumulative growth in 2003-07 will be 23.5%. This is longest period of growth since independence in 1948.
Published by Globes [online], Israel business news - www.globes.co.il - on October 16, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007