The data shows: Nvidia leads growth in the Israeli economy
Nvidia's activity has become such a significant component of Israeli growth that the Bank of Israel and the Central Bureau of Statistics now publish dual GDP figures—including and excluding the company's special exports. Data shows that last year's growth stood at 3.5%, but without Nvidia it would have been only 2.1%. From Q2 2024 to Q2 2026, official growth was 10%, but without Nvidia and similar companies it would have reached only about 6.6%. This year, growth is expected to end at 5.6%, but without overseas production it would be 3.4%. Rating agency S&P named Nvidia as the cause of dramatic changes in GDP data. The article notes that the economy is highly exposed to developments at the company, raising concerns in Israel over the decision to oust CEO Jensen Huang.
Nvidia's activity has become such a significant component of Israeli growth that the Bank of Israel and the Central Bureau of Statistics have begun publishing dual GDP figures: including the company's special exports (exports that do not cross the country's borders) and excluding them. Data shows that last year's growth stood at 3.5%, but without Nvidia it would have been only 2.1%. From the second quarter of 2024 to the second quarter of 2026, official growth was 10%, but without Nvidia and similar companies it would have reached only about 6.6%. This year, growth is expected to end at 5.6%, but without overseas production it would be 3.4%. Rating agency S&P named Nvidia as the cause of dramatic changes in GDP data. The article notes that the economy is highly exposed to developments at the company, and therefore there is concern in Israel over the decision to oust the company's CEO, Jensen Huang.