Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3.30 3.31 3.32 3.34 3.35 3.37
Stock Market (points) 1630.92 1598 1567 1538 1508 1450
Government Bond 10Y (%) 1.09 1.16 1.21 1.27 1.34 1.47

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.50 0.3 1 1 1 1
GDP Annual Growth Rate (%) -0.40 3.2 6.3 6.3 4.3 4.3
GDP Growth Annualized (%) 6.30 3.1 3.1 3.1 3.2 3.2
Unemployment Rate (%) 4.50 4.9 4.6 4.6 4.4 4
Inflation Rate (%) -0.40 -0.2 0.9 1.1 1 1.5
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Balance of Trade (USD Million) -1862.60 -1350 -2080 -2080 -1590 -1590
Current Account (USD Million) 6362.90 1980 1980 1980 2150 2150
Current Account to GDP (%) 2.40 2.5 2.5 2.5 2.5 2.5
Government Debt to GDP (%) 59.90 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Business Confidence (points) 12.60 18 16 15 20 25
Consumer Confidence (points) -8.80 -5 -5 -8 -10 5
Corporate Tax Rate (%) 23.00 24 23 23 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.50 0.3 1 1 1 1
GDP Annual Growth Rate (%) -0.40 3.2 6.3 6.3 4.3 4.3
GDP Growth Annualized (%) 6.30 3.1 3.1 3.1 3.2 3.2
GDP (USD Billion) 395.10 380 380 380 380 420
GDP Constant Prices (ILS Million) 339070.00 344217 345202 326412 361886 359018
Gross National Product (ILS Million) 354701.30 369170 360195 332298 382264 385044
Gross Fixed Capital Formation (ILS Million) 73361.40 71197 70684 66216 71315 74258
GDP per capita (USD) 35293.40 34185 34185 34185 34185 35766
GDP per capita PPP (USD) 40161.90 39100 39100 39100 39100 40000
GDP From Agriculture (ILS Million) 3632.10 3621 3340 4073 3843 3777
GDP From Construction (ILS Million) 18014.20 19605 18331 17562 19438 20448
GDP From Manufacturing (ILS Million) 43417.60 40133 42491 41089 42856 41859
GDP From Public Administration (ILS Million) 46647.20 47268 49112 45096 52391 49301
GDP From Services (ILS Million) 35983.00 37079 36449 33907 38666 38673
GDP From Transport (ILS Million) 8964.60 11624 10711 9304 12271 12124
GDP From Utilities (ILS Million) 4125.80 4590 4310 3512 6741 4787

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.50 4.9 4.6 4.6 4.4 4
Wages (ILS/Month) 11868.50 113000 113000 113000 113000 113000
Wages in Manufacturing (points) 120.00 128 128 128 128 128
Minimum Wages (ILS/Month) 5300.00 5300 5500 5500 5500 5500
Population (Million) 9.29 9.45 9.45 9.45 9.45 9.61
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 67.00 67 67 67 67 67

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.40 -0.2 0.9 1.1 1 1.5
Consumer Price Index CPI (points) 99.70 100 101 101 101 103
Core Consumer Prices (points) 99.80 104 103 103 105 105
Core Inflation Rate (%) 0.10 2 2 2 1.7 1.7
Producer Prices (points) 88.90 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.10 1 2.1 2.5 1.9 1.9
Inflation Rate Mom (%) -0.10 0.1 0.3 0.5 0.5 0.5
Food Inflation (%) -0.20 0.5 0.5 0.5 1.5 1.5
CPI Housing Utilities (points) 100.10 104 104 105 104 106
CPI Transportation (points) 100.30 97.9 96.66 97.66 97.57 99.03

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Interbank Rate (%) 0.10 0.09 0.09 0.09 0.09 0.09
Money Supply M1 (ILS Million) 564367.00 593636 624054 654472 684890 736772
Foreign Exchange Reserves (USD Million) 179507.00 184900 197518 210060 222603 272631
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -1862.60 -1350 -2080 -2080 -1590 -1590
Current Account (USD Million) 6362.90 1980 1980 1980 2150 2150
Current Account to GDP (%) 2.40 2.5 2.5 2.5 2.5 2.5
Imports (USD Million) 6531.80 6750 6750 6750 6970 6970
Exports (USD Million) 4669.20 4670 4670 4670 4810 4810
Tourist Arrivals (Thousand) 7.40 90 100 100 150 300

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 59.90 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Government Budget Value (ILS Million) -128.00 -9800 -9800 -9800 -5500 -4500
Government Spending (ILS Million) 82559.40 77840 75489 82251 81501 81187
Government Spending To GDP (%) 39.70 43 43 43 43 40

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 23.00 24 23 23 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 (%) 19.60 19.5 19.6 19.6 19.5 19.5
Social Security Rate For Companies (%) 7.60 7.5 7.6 7.6 7.5 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 12.60 18 16 15 20 25
Industrial Production (%) 9.70 4.5 4.5 4.5 4.5 4.5
Industrial Production Mom (%) 0.40 1 1.5 1.5 1 2
Leading Economic Index (%) -0.16 0.3 0.3 0.3 0.3 0.3
Manufacturing PMI (points) 49.50 53 54 55 55 56

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -8.80 -5 -5 -8 -10 5
Consumer Spending (ILS Million) 176183.50 193943 184116 164516 203502 202282
Bank Lending Rate (%) 3.22 3.22 3.22 3.22 3.22 3.22
Gasoline Prices (USD/Liter) 1.73 1.6 1.52 1.44 1.37 1.3
Consumer Credit (ILS Billion) 596.51 583 599 621 602 608


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.