Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3.59 3.65 3.66 3.68 3.7 3.73
Stock Market (points) 1461.95 1390 1375 1361 1347 1319
Government Bond 10Y (%) 1.84 1.85 1.88 1.92 1.96 2.04
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 1.1 1 1.1 0.9 1.2
GDP Annual Growth Rate (%) 2.70 3.2 3.5 3.2 3.4 3.5
GDP Growth Annualized (%) 3.10 3.8 3.86 3.2 3.2 3.6
Unemployment Rate (%) 4.10 3.7 3.6 3.5 3.5 3.4
Inflation Rate (%) 1.40 1.2 1.3 1.3 1.4 1.6
Interest Rate (%) 0.25 0.25 0.5 0.5 0.75 1
Balance of Trade (USD Million) -1563.60 -2280 -2250 -1500 -1500 -1590
Current Account (USD Million) 4187.00 1701 2169 1700 1700 1650
Current Account to GDP (%) 4.10 1.9 1.9 1.9 1.5 1.5
Government Debt to GDP (%) 60.90 64 64 64 62 62
Government Budget (% of GDP) -2.15 -2.5 -2.5 -2.5 -2.6 -2.6
Business Confidence (Index Points) 24.53 25.3 26.5 26 22 24.5
Consumer Confidence (Index Points) -8.00 -9.5 -12 -14 -11 -16
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 1.1 1 1.1 0.9 1.2
GDP Annual Growth Rate (%) 2.70 3.2 3.5 3.2 3.4 3.5
GDP Growth Annualized (%) 3.10 3.8 3.86 3.2 3.2 3.6
GDP (USD Billion) 350.85 386 386 386 386 386
GDP Constant Prices (ILS Million) 327804.09 333424 336625 338152 338807 349987
Gross National Product (ILS Million) 346116.70 338971 344797 357192 357885 369694
Gross Fixed Capital Formation (ILS Million) 65871.50 67404 66283 66638 66767 68970
GDP per capita (USD) 34134.81 35023 35023 35023 35304 35304
GDP per capita PPP (USD) 33132.32 33900 33900 33900 34000 34000
GDP From Agriculture (ILS Million) 3479.80 4122 3602 3591 3598 3717
GDP From Construction (ILS Million) 17600.00 17328 18216 18163 18198 18799
GDP From Manufacturing (ILS Million) 38803.90 41455 40162 40046 40123 41447
GDP From Public Administration (ILS Million) 47436.80 47896 46033 48955 49050 50668
GDP From Services (ILS Million) 35009.90 35237 36235 36130 36200 37395
GDP From Transport (ILS Million) 11110.90 11139 11500 11466 11489 11868
GDP From Utilities (ILS Million) 6103.30 5380 6317 6299 6311 6519
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.10 3.7 3.6 3.5 3.5 3.4
Wages (ILS/Month) 10618.00 10722 10782 109000 109000 113000
Wages in Manufacturing (Index Points) 114.90 115 115 124 124 128
Minimum Wages (ILS/Month) 5300.00 5300 5300 5300 5500 5500
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.40 1.2 1.3 1.3 1.4 1.6
Consumer Price Index CPI (Index Points) 100.70 102 102 102 102 103
Core Consumer Prices (Index Points) 100.90 102 102 102 102 104
Producer Prices (Index Points) 93.90 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.00 1.6 1.4 1.6 1.6 1.7
Inflation Rate Mom (%) 0.50 -0.1 0.1 -0.2 0.3 0.1
Food Inflation (%) 4.50 1.4 1.2 1.2 1.2 2.6
CPI Housing Utilities (Index Points) 101.80 101 102 103 102 104
CPI Transportation (Index Points) 99.40 102 102 99.58 99.68 101
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.25 0.25 0.5 0.5 0.75 1
Interbank Rate (%) 0.26 0.26 0.26 0.26 0.51 0.76
Foreign Exchange Reserves (USD Million) 118208.00 108945 114121 108425 108425 108218
Deposit Interest Rate (%) 0.52 0.52 0.52 0.52 0.77 1.02
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) -1563.60 -2280 -2250 -1500 -1500 -1590
Current Account (USD Million) 4187.00 1701 2169 1700 1700 1650
Current Account to GDP (%) 4.10 1.9 1.9 1.9 1.5 1.5
Imports (USD Million) 6941.70 6410 6640 5951 5951 5951
Exports (USD Million) 5378.10 4130 4390 4451 4451 4362
Tourist Arrivals (Thousand) 426.20 12.6 330 340 400 380
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 60.90 64 64 64 62 62
Government Budget (% of GDP) -2.15 -2.5 -2.5 -2.5 -2.6 -2.6
Government Spending (ILS Million) 73817.80 74557 76251 76156 76303 78821
Government Spending To GDP (%) 39.55 39.3 39.3 39.3 39 39
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50
Sales Tax Rate (%) 17.00 17 17 17 17 17
Social Security Rate (%) 19.50 19.5 19.5 19.5 19.5 19.5
Social Security Rate For Companies (%) 7.50 7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 24.53 25.3 26.5 26 22 24.5
Industrial Production (%) 3.30 2.7 3.75 3.8 3.8 4.5
Industrial Production Mom (%) 4.90 1.4 0.31 1.5 1.5 1.6
Leading Economic Index (%) 0.31 0.4 0.28 0.4 0.4 0.3
Manufacturing Pmi 49.60 53.1 52.55 52.7 52.7 51
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -8.00 -9.5 -12 -14 -11 -16
Consumer Spending (ILS Million) 184306.56 185918 188063 190155 190524 196811
Bank Lending Rate (%) 3.59 3.59 3.59 3.59 3.84 4.09
Gasoline Prices (USD/Liter) 1.69 1.64 1.59 1.55 1.52 1.52


This page has economic forecasts for Israel including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Israel economy.