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Israel Economic Statistics: Economic Statistics for 1998

On December 30, 1998, the Israeli Central Bureau of Statistics released preliminary economic estimates for 1998. Here are a few highlights:

- Israel's Gross Domestic Product (GDP) rose 2%, similar to 1997, but lower than the 4.5% increase in 1996 and the 7% increases in 1994 and 1995.

- GDP per capita ceclined in 1998, after remaining static in 1997.

- Total private consumption expenditure rose by 3%, or 1% per capita, continuing the downward per capita trend of recent years.

- Unemployment rose to 8.7%, up from 7.7% in 1997 and 6.7% in 1996.

- Productivity rose by 1% after declining in 1997.

- The prices of goods and services rose by 6%.

Sources: Israel Central Bureau of Statistics