The Gross Domestic Product (GDP) in Israel expanded 0.30 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Israel averaged 0.95 percent from 1980 until 2019, reaching an all time high of 4.30 percent in the second quarter of 1984 and a record low of -1.10 percent in the first quarter of 1986. The main driver of Israeli economy is science and technology sector. As such, despite limited natural resources, its manufacturing and agriculture sectors are highly developed. .The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP. This page provides – Israel GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.