BDO US - Israel Q1 Report
15 May 2022
Economically, Israel sealed 2021 in stellar fashion marking its highest economic growth rate in 20 years, in the process it realized an impressive 8.1% annual increase by year's end. On its way towards reaching heights not seen in decades, the fourth quarter of the year ended with a 16.6% gain in GDP, as compared to the previous year’s final quarter. The sharp rise in 2021’s annual economic growth stands in direct contrast to the previous year, which saw a decrease of 2.2% to the entire Israeli economy in 2020, attributed mainly to the effects of Covid 19.
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