In the world top: Israel's economy grew by 8.1% in 2021

The CBS publishes growth data for 2021: Israeli GDP at 8.1% in 2021 compared to 2020. Although there has been a worldwide recovery in economic activity, mainly thanks to vaccines against the corona, the Israeli figure places Israel's economy in the top of the world

Between Ashkenazi

16/02/2022

Wednesday, 16 February 2022, 13:03 Updated: 13:12

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The Central Bureau of Statistics (CBS) today publishes a summary of national accounts for 2021. According to the CBS, gross domestic product increased by 8.1% in 2021 compared to 2020, which was characterized by a contraction in economic activity caused by the corona crisis and government measures to curb the virus.

The CBS publication also shows that there is a 7.8% increase in the total gross domestic product excluding taxes on imports. A further increase of 11.7% was recorded in private consumption expenditure and a 9.9% increase in private consumption expenditure per capita.

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Azrieli Mall in Tel Aviv: an increase not only in GDP but also in private consumption expenditure (Photo: Official website, Avshalom Shashoni, Maariv)

Investment in fixed assets also increased by 10.5%, increased by 2.9% in public consumption expenditure, increased by 13.6% in exports of goods and services, and increased by 18.7% in imports of goods and services.

It should be noted that accelerated growth has been recorded in almost many countries, after the contraction that occurred in 2020 that was largely due to the corona virus crisis, but the result of the Israeli economy is impressive even after neutralizing the "corona coefficient" and placing Israel at the top of the epidemic.

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