This was a slight downward revision from the previous estimate at the end of 2011 that GDP had been 4.8%.
The Central Bureau of Statistics reported last week that Israel's Gross Domestic Product (GDP) rose by 4.7% in fixed prices, in 2011.
This was a slight downward revision from the previous estimate at the end of 2011 that GDP had been 4.8%.
The GDP rose 4.8% in 2010 and 0.9% in 2009. Per capita GDP growth was also down a tenth of a percent at 2.8% in fixed prices in 2011 after a rise of 2.9% in 2010 and a fall of 0.9% in 2009.
Private consumption rose 3.6%, while public consumption rose 3.7%. Resources available to the economy rose 6.2%, following a 6.7% rise the year before.
Investments in fixed assets rose 16.2%, Exports of goods and services rose 4.9% while imports of goods and services were 10.6% higher.
Gross domestic income rose 3.4%. Private consumption rose by 3.6% and public expenditure rose by 3.7%.
Israel's economy grew 4.7% in 2011
This was a slight downward revision from the previous estimate at the end of 2011 that GDP had been 4.8%
14.03.12 / 00:00
•
More articles that may interest you
More news from Industry & Trade Section
>Israel's unemployment rate drops to all-time historic low of 5.4%/05.03.12
>Israel's wine exports up 5.5% in 2011/27.02.12
>The composite state of the economy index for January 2012 up by 0.2%/27.02.12
>Histadrut labor federation in bid for general strike over contract workers/07.02.12
>Finance Minister abolished customs duty on imported personal items/07.02.12
>Israeli Consumer Confidence Index down 1.6 points in January 2012/07.02.12
>OECD : Israel is world's second most educated country/07.02.12
>Double digit growth for Israel’s diamond exports in 2011/31.01.12
>Israel and Cyprus will soon sign a Search and Rescue Agreement/31.01.12
>Exports to Turkey up 42% in 2011/31.01.12