Israel GDP Growth Rate QoQ
The research and technology industry is the main factor of the Israeli economy. Thus, despite the fact that it has few natural resources, its industry and agriculture sectors are extremely developed. Services are the most important sector of the economy, accounting for over 80% of total GDP. Finance and business (28% of GDP), government (17% of GDP), housing (12% of GDP), trade, accommodation, and restaurants (10% of GDP), and transport, storage, and communications (8% of GDP) are the most important services. In recent years, the manufacturing sector has declined in prominence and now contributes only 14% of total GDP.
A higher than expected figure should be seen as positive (bullish) for the ILS while a lower than expected figure should be seen as negative (bearish) for the ILS.
