FAMAGUSTA GAZETTE – Israel’s gross domestic product grew at an annualized rate of 3.4 percent in the first quarter of 2025, accelerating from 1.9 percent in the previous quarter, the Central Bureau of Statistics has said.
The latest figure aligns with the central bank’s revised 2025 growth forecast of 3.5 percent.
GDP per capita also rebounded, rising at an annualized rate of 2.2 percent, reversing the negative trend seen in 2024, according to the bureau.
The recovery was driven by an 8.7 percent annualized surge in fixed-asset investment and a 6.2 percent rise in exports, excluding diamonds and startups.
Imports, also excluding diamonds and startups, increased by 2.5 percent, the report said.
Despite a 1.1 percent monthly inflation spike in April, the central bank maintained its base interest rate, citing the economic data.