Israel is witnessing a recovery from previously very low growth due to the war, with GDP increasing 3.8% annually calculated and 0.9% calculated quarterly, and with business GDP increasing 5.4% annually calculated and 1.3% calculated quarterly, according to Calcalist.
The recovery compared to the second quarter reportedly includes all components of GDP. Imports of goods and services (not including defense, planes, ships, and diamonds) increased by 6.1% calculated quarterly which is 26.7% calculated annually, and that number increases to 9.8% annually calculated if all imports are factored in.
Exports, excluding diamond companies and start-up companies, also increased by 5.2% annually calculated, as opposed to the second quarter which witnessed a 7.1% decline annually calculated. However, exports are still 6.6% lower than the comparable third quarter of 2023.
