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Photo: Index Open
Israel's GDP adds 4.7% in 2011
Central Bureau of Statistics releases national growth figures for 2011: GDP per capita added 2.8%, exports increased by 4.9%, private consumption up 3.6%
Israel's Gross Domestic Product (GDP) added 4.7% in 2011, following an increase of 4.8% in 2010 and 0.8% in 2009, the Central Bureau of Statistics said Thursday.
The business sector's GDP
added 5.2% in 2011, following a 5.8% increase in 2010 and a 0.3% addition in 2009. The industrial sector's GDP rose by 1.9% in 2011, following a 9.7% increase in 2010 and a 5.1% tumble in 2009.
According to CBS data, gross domestic product per capita rose by 2.8%, following a 2.9% rise in 2010 and a 0.9% drop in 2009.
Performance
Naama Sikuler, Calcalist
Bank of Israel Governor Stanley Fischer speaks at Green Growth conference, says while Israel is doing well, public confidence in government is below average
CBS data further suggested that private consumption in Israel was up by 3.6% in 2011, expendable income per capita added 1.4% and private savings came to 11%.
Israel's national deficit came to NIS 17.2 billion ($4.54 billion) in 2011, making up 20% of the GDP. In 2010, Israel's national deficit was NIS 17.7 billion ($4.68 billion), making up 2.2% of the GDP.
Israel's fixed-price exports added 4.9% in 2011, while fixed-price imports were up by 10.6%.
Purchasing power parity (PPP) made up 85% of the gross domestic product per capita in the OECD states.
