The figure, however, was slower than the 10%-plus increases during the previous two quarters. A tax revenue windfall from a near-doubling of car imports boosted Israel's gross domestic product by 4.2% during Q1 2018, compared to the 3.9% predicted by analysts, according to the Central Bureau of Statistics (CBS). The figures marked the third consecutive quarter of growth above 4%. Israel is one of only three countries in the world that has seen its GDP grow at an annual rate over 4% since 2010.
A tax revenue windfall from a near-doubling of car imports boosted Israel's gross domestic product by 4.2% during Q1 2018, compared to the 3.9% predicted by analysts, according to the Central Bureau of Statistics (CBS). The figures marked the third consecutive quarter of growth above 4%. Israel is one of only three countries in the world that has seen its GDP grow at an annual rate over 4% since 2010.