Israel Industry

Israel Industry

Industrial Production in Israel

Israel's economy recorded an average industrial production growth rate of 4.3% in the decade up to 2022, which is above the 1.5% average for Middle East & North Africa. In 2022, Israel's industrial production growth was 15.0%. For more industry information, visit our dedicated page.

Israel Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Israel from 2020 to 2019.
Source: Macrobond.

Israel Industry Data

2019 2020 2021 2022 2023
Industrial Production (ann. var. %) 2.9 6.3 5.9 14.9 1.3
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Israeli industry projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Israeli industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Israeli industry projections.

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