Business product in 2004 expected to grow 5.5% GDP per capita will grow by 2.5% in nominal terms

The Central Bureau of Statistics ( CBS ) published last week its prediction for 2004 indicating that Israel's economy is growing, with urging exports, and a rise standard of living and GDP per capita.
 
Exports are expected to grow 11.5% in 2004, after rising 6.2% in 2003. Imports are expected to grow 11.2%, after falling 8.6% in 2001-03.
 
The standard of living (private consumption per capita) is expected according to the CBS to rise 2.7%, after falling 0.5% in 2003.
 
GDP per capita will rise this year 2.5% in nominal terms (2.2% in fixed prices). GDP per capita will reach the level of NIS 76,900, or $17,100 ( based on an exchange rate of $4.50/$). The CBS reported last week that GDP will grow by 4% this year, after rising 1.3% in 2003. Business product is expected to rise by 5.5% in 2004, after rising 1.7% last year.Private consumption is expected, according to the report, to rise 4.5% in 2004, after rising 1.3% in 2003 and 1.1% in 2002.