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April 14, 2014 9:50 am

Israeli Economy Grew 3.3 Percent in 2013

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An Israeli shekel coin. Photo: Wikimedia Commons.

JNS.orgIsrael’s economy grew by 3.3 percent in 2013, the country’s Central Bureau of Statistics said on Sunday.

The figure marks a slight drop from 2012 and 2011, when the economy expanded by 3.4 percent and 4.6 percent, respectively. Nevertheless, Israel’s economy in 2013 outperformed many European economies, some of which experienced half its growth rate.

Israel’s gross domestic product per capita reached a new high in 2013 of $35,000. According to CBS projections, it will reach $40,000 by the end of 2014.

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