Jerusalem, 22 June, 2025 (TPS-IL) — Israel saw a 3.7% increase (annual) in GDP in the first quarter of 2025 (January-March) compared to the fourth quarter of 2024. This is according to the data on “National Accounts: Second Estimate for the First Quarter of 2025” released by Israel’s Central Bureau of Statistics.
First quarter of 2025 compared to fourth quarter of 2024 (seasonally adjusted change in annual calculation):
3.7% increase in GDP (0.9% quarterly)
2.4% increase in GDP per capita (0.6% quarterly)
4.5% increase in business GDP (1.1% quarterly)
A 4.7% decrease in private consumption spending (1.2% quarterly)
A 0.1% decrease in public consumption spending (stability in quarterly calculations)
6.1% increase in fixed asset investments (1.5% quarterly)
A 9.8% increase in exports of goods and services excluding diamonds and startups (2.4% quarterly)
A 3.6% increase in imports of goods and services excluding defense imports, aircraft, ships and diamonds (0.9% quarterly)
First quarter of 2025 compared to first quarter of 2024 (seasonally adjusted change):
A 2.8% increase in GDP
A 1.7% increase in GDP per capita
3.2% increase in business GDP
5.8% increase in private consumption spending
1.2% increase in public consumption spending
10.7% increase in fixed asset investments
A 4.5% increase in exports of goods and services excluding diamonds and startups
A 9.2% increase in imports of goods and services, excluding defense imports, aircraft carriers and diamonds
The next estimate, based on more complete data, will be published on July 16, 2025.