Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3.39 3.4 3.41 3.43 3.44 3.47
Stock Market (points) 1368.36 1362 1336 1310 1285 1235
Government Bond 10Y (%) 0.77 0.81 0.85 0.89 0.93 1.02

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.10 0.6 0.6 0.6 0.6 1.2
GDP Annual Growth Rate (%) -7.90 2.1 3.2 4.3 4.3 4.3
GDP Growth Annualized (%) -28.80 3.1 3.1 3.1 3.1 3.2
Unemployment Rate (%) 4.90 5 4.9 4.6 4.6 4.4
Inflation Rate (%) -0.70 0.2 0.8 1.5 1.1 1
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Balance of Trade (USD Million) -1332.80 -1590 -1590 -2080 -2080 -1590
Current Account (USD Million) 3806.40 1980 1980 1980 1980 2150
Current Account to GDP (%) 2.40 2.6 2.5 2.5 2.5 2.5
Government Debt to GDP (%) 59.90 68 65 65 65 65
Government Budget (% of GDP) -4.50 -12 -7 -7 -7 -7
Business Confidence (points) 4.10 15 18 16 15 20
Consumer Confidence (points) -23.60 -17 -16 -16 -16 -14
Corporate Tax Rate (%) 23.00 24 23 23 23 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.10 0.6 0.6 0.6 0.6 1.2
GDP Annual Growth Rate (%) -7.90 2.1 3.2 4.3 4.3 4.3
GDP Growth Annualized (%) -28.80 3.1 3.1 3.1 3.1 3.2
GDP (USD Billion) 395.10 340 380 380 380 380
GDP Constant Prices (ILS Million) 307067.10 349987 348256 345555 349239 361886
Gross National Product (ILS Million) 312603.80 369694 372034 363153 367023 382264
Gross Fixed Capital Formation (ILS Million) 62292.00 68970 71901 69295 70034 71315
GDP per capita (USD) 35293.40 33042 34185 34185 34185 34185
GDP per capita PPP (USD) 40161.90 38000 39100 39100 39100 39100
GDP From Agriculture (ILS Million) 3831.30 3717 3520 3558 3595 3843
GDP From Construction (ILS Million) 16520.90 18799 19442 19651 19861 19438
GDP From Manufacturing (ILS Million) 38654.10 41447 40050 40481 40913 42856
GDP From Public Administration (ILS Million) 42423.30 50668 47969 49170 49694 52391
GDP From Services (ILS Million) 31897.60 37395 38593 39009 39425 38666
GDP From Transport (ILS Million) 8752.20 11868 11454 11577 11700 12271
GDP From Utilities (ILS Million) 3304.00 6519 6462 6532 6601 6741

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.90 5 4.9 4.6 4.6 4.4
Wages (ILS/Month) 11063.50 113000 113000 113000 113000 113000
Wages in Manufacturing (points) 127.40 128 128 128 128 128
Minimum Wages (ILS/Month) 5300.00 5300 5300 5500 5500 5500
Population (Million) 9.15 9.29 9.45 9.45 9.45 9.45
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 67.00 67 67 67 67 67

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -0.70 0.2 0.8 1.5 1.1 1
Consumer Price Index CPI (points) 100.10 103 101 102 102 105
Core Consumer Prices (points) 100.70 104 103 103 103 105
Core Inflation Rate (%) -0.30 1.6 2 2 2 1.7
Producer Prices (points) 88.20 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) -0.40 1.5 1.5 2.1 2.5 1.9
Inflation Rate Mom (%) -0.10 0.3 0.1 0.1 0.1 0.1
Food Inflation (%) 0.10 1 0.5 0.5 0.5 1.5
CPI Housing Utilities (points) 103.60 104 104 105 105 106
CPI Transportation (points) 96.60 101 98.7 98.88 97.24 103

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Interbank Rate (%) 0.08 0.07 0.07 0.07 0.07 0.07
Money Supply M1 (ILS Million) 532745.00 531850 551242 570635 570635 609419
Foreign Exchange Reserves (USD Million) 160584.00 171514 183603 195693 207782 219872
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -1332.80 -1590 -1590 -2080 -2080 -1590
Current Account (USD Million) 3806.40 1980 1980 1980 1980 2150
Current Account to GDP (%) 2.40 2.6 2.5 2.5 2.5 2.5
Imports (USD Million) 5384.10 6750 6750 6750 6750 6970
Exports (USD Million) 4051.30 4670 4670 4670 4670 4810
Tourist Arrivals (Thousand) 15.10 50 350 380 400 430

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 59.90 68 65 65 65 65
Government Budget (% of GDP) -4.50 -12 -7 -7 -7 -7
Government Budget Value (ILS Million) -14900.00 -11900 -9800 -9800 -9800 -5500
Government Spending (ILS Million) 77376.00 78821 78610 77323 78148 81501
Government Spending To GDP (%) 39.50 47 43 43 43 43

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 23.00 24 23 23 23 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 19.6 19.5
Social Security Rate For Companies (%) 7.60 7.5 7.6 7.6 7.6 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 4.10 15 18 16 15 20
Industrial Production (%) 11.00 4.5 4.5 4.5 4.5 4.5
Industrial Production Mom (%) 0.10 1.6 1.6 1.6 1.6 1.6
Leading Economic Index (%) -0.06 0.3 0.3 0.3 0.3 0.3
Manufacturing Pmi (points) 53.50 50 51 51 53 54

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -23.60 -17 -16 -16 -16 -14
Consumer Spending (ILS Million) 154766.00 196811 195861 187061 189055 203502
Bank Lending Rate (%) 3.26 3.26 3.26 3.26 3.26 3.26
Gasoline Prices (USD/Liter) 1.59 1.52 1.44 1.36 1.29 1.44
Consumer Credit (ILS Billion) 586.74 582 589 598 605 602


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.