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Israel´s GDP adds 4.7% in 2011

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Israel’s Gross Domestic Product (GDP) added 4.7% in 2011, following an increase of 4.8% in 2010 and 0.8% in 2009, the Central Bureau of Statistics said Thursday.

According to CBS data, gross domestic product per capita rose by 2.8%, following a 2.9% rise in 2010 and a 0.9% drop in 2009

The business sector’s GDP added 5.2% in 2011, following a 5.8% increase in 2010 and a 0.3% addition in 2009. The industrial sector’s GDP rose by 1.9% in 2011, following a 9.7% increase in 2010 and a 5.1% tumble in 2009.

CBS data further suggested that private consumption in Israel was up by 3.6% in 2011, expendable income per capita added 1.4% and private savings came to 11%.

Israel’s national deficit came to NIS 17.2 billion ($4.54 billion) in 2011, making up 20% of the GDP. In 2010, Israel’s national deficit was NIS 17.7 billion ($4.68 billion), making up 2.2% of the GDP.

Israel’s fixed-price exports added 4.9% in 2011, while fixed-price imports were up by 10.6%.
Purchasing power parity (PPP) made up 85% of the gross domestic product per capita in the OECD states.

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