According to the International Monetary Fund (IMF), real GDP of Israel is forecast to grow by 3.5 percent in 2023 and 3.5 percent in 2024.
1) Real GDP growth rate: 2010 – 5.7 percent, 2011 – 5.5 percent, 2012 – 2.8 percent, 2013 – 4.8 percent, 2014 – 4.1 percent, 2015 – 2.3 percent, 2016 – 4.5 percent, 2017 – 4.4 percent, 2018 – 4.0 percent, 2019 – 3.8 percent, 2020 – -2.2 percent, 2021 – 8.2 percent and 2022 – 5.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2023 – 3.5 percent, 2024 – 3.5 percent, 2025 – 3.5 percent, 2026 – 3.5 percent and 2027 – 3.5 percent.
3) Nominal GDP in current prices, billions of Israeli new shekel (code: ILS; sign: ₪): 2010 – ₪877.368 billion, 2011 – ₪938.521 billion, 2012 – ₪996.437 billion, 2013 – ₪1,062.167 billion, 2014 – ₪1,112.538 billion, 2015 – ₪1,166.354 billion, 2016 – ₪1,225.235 billion, 2017 – ₪1,278.841 billion, 2018 – ₪1,341.581 billion, 2019 – ₪1,418.449 billion, 2020 – ₪1,401.406 billion, 2021 – ₪1,555.635 billion and 2022 – ₪1,682.114 billion.
4) Projected nominal GDP in current prices, billions of Israeli new shekel: 2023 – ₪1,784.678 billion, 2024 – ₪1,892.108 billion, 2025 – ₪2,001.725 billion, 2026 – ₪2,116.398 billion and 2027 – ₪2,237.204 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $234.655 billion, 2011 – $262.294 billion, 2012 – $258.417 billion, 2013 – $294.167 billion, 2014 – $310.945 billion, 2015 – $300.078 billion, 2016 – $319.025 billion, 2017 – $355.277 billion, 2018 – $373.641 billion, 2019 – $397.935 billion, 2020 – $407.101 billion, 2021 – $481.591 billion and 2022 – $520.703 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2023 – $547.765 billion, 2024 – $577.469 billion, 2025 – $607.732 billion, 2026 – $638.146 billion and 2027 – $668.815 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $220.833 billion, 2011 – $237.916 billion, 2012 – $251.921 billion, 2013 – $276.637 billion, 2014 – $282.342 billion, 2015 – $297.227 billion, 2016 – $323.490 billion, 2017 – $341.474 billion, 2018 – $363.558 billion, 2019 – $384.027 billion, 2020 – $380.286 billion, 2021 – $428.522 billion and 2022 – $478.010 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2023 – $509.647 billion, 2024 – $540.437 billion, 2025 – $570.786 billion, 2026 – $602.443 billion and 2027 – $635.999 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $30,791.3, 2011 – $33,787.4, 2012 – $32,681.2, 2013 – $36,515.1, 2014 – $37,864.4, 2015 – $35,822.9, 2016 – $37,341.6, 2017 – $40,790.9, 2018 – $42,079.3, 2019 – $43,965.7, 2020 – $44,181.2, 2021 – $51,416.0 and 2022 – $54,688.3.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2023 – $56,595.7, 2024 – $58,695.2, 2025 – $60,767.4, 2026 – $62,771.6 and 2027 – $64,719.3.
11) GDP PPP per capita in current prices, international dollars: 2010 – $28,977.7, 2011 – $30,647.2, 2012 – $31,859.6, 2013 – $34,339.1, 2014 – $34,381.4, 2015 – $35,482.4, 2016 – $37,864.2, 2017 – $39,206.1, 2018 – $40,943.8, 2019 – $42,429.1, 2020 – $41,271.0, 2021 – $45,750.3 and 2022 – $50,204.4.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2023 – $52,657.3, 2024 – $54,931.2, 2025 – $57,073.2, 2026 – $59,259.6 and 2027 – $61,543.8.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 0.2 percent, 2011 – 0.2 percent, 2012 – 0.3 percent, 2013 – 0.3 percent, 2014 – 0.3 percent, 2015 – 0.3 percent, 2016 – 0.3 percent, 2017 – 0.3 percent, 2018 – 0.3 percent, 2019 – 0.3 percent, 2020 – 0.3 percent, 2021 – 0.3 percent and 2022 – 0.3 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2023 – 0.3 percent, 2024 – 0.3 percent, 2025 – 0.3 percent, 2026 – 0.3 percent and 2027 – 0.3 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 101.5 percent, 2011 – 101.4 percent, 2012 – 103.3 percent, 2013 – 101.7 percent, 2014 – 100.6 percent, 2015 – 102.5 percent, 2016 – 100.6 percent, 2017 – 100.0 percent, 2018 – 100.9 percent, 2019 – 101.9 percent, 2020 – 101.0 percent, 2021 – 102.6 percent and 2022 – 103.0 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2023 – 102.5 percent, 2024 – 102.4 percent, 2025 – 102.2 percent, 2026 – 102.1 percent and 2027 – 102.1 percent.
17) Ratio of the average price level in Israel to the average price level in the United States, percent: 2010 – 106.3 percent, 2011 – 110.2 percent, 2012 – 102.6 percent, 2013 – 106.3 percent, 2014 – 110.1 percent, 2015 – 101.0 percent, 2016 – 98.6 percent, 2017 – 104.0 percent, 2018 – 102.8 percent, 2019 – 103.6 percent, 2020 – 107.1 percent, 2021 – 112.4 percent and 2022 – 108.9 percent.
18) Projected ratio of the average price level in Israel to the average price level in the United States, percent: 2023 – 107.5 percent, 2024 – 106.9 percent, 2025 – 106.5 percent, 2026 – 105.9 percent and 2027 – 105.2 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by