Israel's economy expanded at a slower pace in 2012, data released by the Central Bureau of Statistics showed Monday.
Gross domestic product increased 3.1 percent in 2012 compared to the previous year, when the economy expanded 4.6 percent. In 2010, the rate of growth was 5 percent. The growth rate for 2012 was also weaker than 3.3 percent initially estimated.
Exports of goods and services edged up 0.1 percent annually last year, after climbing 5.5 percent a year earlier. Gross fixed capital formation grew at a notably slower pace of 3.6 percent in 2012 than 16 percent in 2011, data showed.
General government consumption expenditure rose 3.4 percent during the year, while households' final consumption expenditure advanced 2.7 percent.
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