JERUSALEM, November 18 (Xinhua) – Israel's gross domestic product (GDP) rose 2.3 percent in the third quarter of 2018 after rising only 1.2 percent in the previous quarter, the country's Central Bureau of Statistics reported on Sunday.
The updated data also changed the estimate of Israel's GDP growth in the first half of 2018, which is now at 3.7 percent, not the previous estimate of 4.2 percent.
Per capita GDP rose only 0.3 percent in the third quarter after falling 0.7 percent in the second quarter, due to population growth, which reached around 2 percent per year.
The report also showed that Israeli goods and services imports fell 5 percent in the third quarter, following a 1.9 percent decline in the previous quarter.
Exports of goods and services rose 0.9 percent in the third quarter but tourism exports fell 16.7 percent.
Despite efforts by Israeli Finance Minister Moshe Kahlon to encourage housing development to reduce prices, state investment in housing construction fell 0.5 percent in the third quarter.