In 2023, Israel's GDP composition places a strong emphasis on the services sector, contributing 52.31% of the GDP. This is followed by Mining, Manufacturing, and Utilities at 15.07%, and Transport, Storage, and Communication at 13.37%. Wholesale, Retail Trade, Restaurants, and Hotels represent 12.17%, with Construction at 5.77%, and Agriculture, Hunting, Forestry, and Fishing contributing a minimal 1.3%. Over the past two years, there has been steady growth across most sectors. The 5-year CAGR trends show the Services sector maintaining robust momentum, while traditional sectors like Agriculture witness slower growth.
Future trends in Israel's GDP composition are expected to be influenced by technology and innovation, potentially boosting the Services and Manufacturing sectors. Additionally, significant investments in infrastructure could enhance the Construction sector. However, geopolitical dynamics and global market fluctuations might pose challenges across sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 52.31 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 15.07 | 2016 | |
| 3 | 3 Transport, storage and communication | 13.37 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 12.17 | 2016 | |
| 5 | 5 Construction | 5.77 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.3 | 2016 |
