Seminar paper from the year 2016 in the subject Economics - Case Scenarios, grade: 2,7, Munich University of Applied Sciences, language: English, abstract: The purpose of this seminar paper is to determine Israel's current economic situation, the economic outlook for the next two years and the mains risks the country is exposed to. In this paper we evaluate Israel's current real Gross Domestic Products (GDP) growth rate, current and lagging indicators influencing the GDP growth rate and different forecast models with input sample real GDP data. Finally the model with the best performance to forecast Israel's real GDP growth will be applied, providing a forecast for the next two fiscal years.