The Central Bureau of Statistics (CBS) predicted last week that Israel will have 5.1% GDP growth and 6.4% business product growth in 2005.
According to statement issued last week the CBS predicted that Israel’s GDP will reach NIS 550 billion ($120 billion) in 2005.
GDP per capita will reach the level of NIS 74,000 ($17,300). GDP per capita will grow this year by 3.2%, to complete a 5.8% rise over two years period.
Standard of living will rise this year by 1.6%, to complete a 4.8% rise over two years period.
The Central Bureau of Statistics noted that exports of goods and services are projected to grow this year by 6.5%. The growth can be attributed both to higher exports of goods and to an increase in exports of services, and in tourism revenue.
