Israel’s Economy Grew by 3% in 2017
The country’s population reached nearly 8.8 million this year
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The growth was driven by an increase in private and public consumption expenditure, fixed investment and the exports of goods and services. Israel’s GDP growth in 2017 is greater than that of France and Canada (2.8%) as well as Germany (2.1%) but is below India and China’s (7% each).
Israeli government general consumption expenditure rose by 2.8% this year, following a 3.9% increase in 2016. The rise in general consumption shows a 3.7% increase in civilian spending, while military expenditure remained stable.