The high 2022 growth rate follows an even greater 8.6% GDP growth in 2021, following a 1.9% contraction in 2020 due to the Covid pandemic.

For the first time, Israel broke the top 10 in the UN's annual World Happiness Report.

Latest data shows that Israel has entered the prestigious top 20 club of nations with the world's highest GDP per capita.

The year 2016 was one of the best ever for the Israeli economy, with a growth rate way beyond other advanced countries.

Economic gains from the Tamar natural gas field canceled out losses from Operation Protective Edge and contributed to a massive increase in the GDP.