Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.69 3.76 3.78 3.8 3.82 3.85
Stock Market (points) 1382.04 1319 1305 1291 1277 1250
Government Bond 10Y (%) 2.18 2.3 2.35 2.4 2.44 2.54
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.56 0.8 1.1 1 1.1 1.2
GDP Annual Growth Rate (%) 3.10 3.3 3.2 3.5 3.7 3.4
GDP Growth Annualized (%) 2.30 3.3 3.8 3.86 3.2 3.6
Unemployment Rate (%) 4.10 3.6 3.7 3.6 3.5 3.4
Inflation Rate (%) 0.80 1.3 1.2 1.3 1.3 1.9
Interest Rate (%) 0.25 0.25 0.25 0.5 0.5 0.75
Balance of Trade (USD Million) -2412.50 -1484 -2280 -2250 -1500 -1590
Current Account (USD Million) 1763.80 1728 1701 2169 1700 1650
Current Account to GDP (%) 4.10 2.5 2.5 2.5 2.5 3
Government Debt to GDP (%) 60.90 64 64 64 64 65
Government Budget (% of GDP) -2.15 -2.5 -2.5 -2.5 -2.5 -2.6
Business Confidence (Index Points) 21.02 22.8 21.5 21.33 22.6 22.3
Consumer Confidence (Index Points) -11.60 -8.1 -7.8 -9.21 -7.8 -7.6
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.56 0.8 1.1 1 1.1 1.2
GDP Annual Growth Rate (%) 3.10 3.3 3.2 3.5 3.7 3.4
GDP Growth Annualized (%) 2.30 3.3 3.8 3.86 3.2 3.6
GDP (USD Billion) 350.85 386 386 386 386 386
GDP Constant Prices (ILS Million) 325673.40 333548 334179 337072 337723 349206
Gross National Product (ILS Million) 329760.20 326589 334483 342699 343361 355036
Gross Fixed Capital Formation (ILS Million) 63382.80 68170 67307 66410 66539 68801
GDP per capita (USD) 34134.81 35023 35023 35023 35023 35304
GDP per capita PPP (USD) 33132.32 33900 33900 33900 33900 34000
GDP From Agriculture (ILS Million) 3994.60 3970 4122 4134 4142 4283
GDP From Construction (ILS Million) 16790.90 15304 17328 17379 17412 18004
GDP From Manufacturing (ILS Million) 40170.00 39652 41455 41576 41656 43073
GDP From Public Administration (ILS Million) 44475.90 48590 48178 45362 45450 46995
GDP From Services (ILS Million) 34144.80 34141 35237 35340 35408 36612
GDP From Transport (ILS Million) 10793.30 9521 11139 11171 11193 11573
GDP From Utilities (ILS Million) 5213.00 6362 5380 5395 5406 5590
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.10 3.6 3.7 3.6 3.5 3.4
Wages (ILS/Month) 10591.80 108000 10722 10782 109000 113000
Wages in Manufacturing (Index Points) 114.20 128 115 115 124 128
Minimum Wages (ILS/Month) 5300.00 5500 5500 5500 5500 5700
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.80 1.3 1.2 1.3 1.3 1.9
Consumer Price Index CPI (Index Points) 101.20 102 103 103 103 105
Core Consumer Prices (Index Points) 101.10 101 102 102 102 103
Producer Prices (Index Points) 93.30 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.10 1.5 1.6 1.4 1.6 1.7
Inflation Rate Mom (%) -0.30 0.1 0.4 0.06 0.4 0.4
Food Inflation (%) 2.30 1.7 1.4 1.2 1.2 2.6
CPI Housing Utilities (Index Points) 105.10 104 105 107 107 109
CPI Transportation (Index Points) 99.30 102 103 104 102 104
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.25 0.25 0.25 0.5 0.5 0.75
Interbank Rate (%) 0.26 0.29 0.29 0.29 0.29 0.29
Foreign Exchange Reserves (USD Million) 115279.00 109002 108945 114121 108425 108218
Deposit Interest Rate (%) 0.52 0.52 0.52 0.52 0.52 0.52
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -2412.50 -1484 -2280 -2250 -1500 -1590
Current Account (USD Million) 1763.80 1728 1701 2169 1700 1650
Current Account to GDP (%) 4.10 2.5 2.5 2.5 2.5 3
Imports (USD Million) 6708.90 5913 6410 6640 5951 5951
Exports (USD Million) 4296.40 4429 4130 4390 4451 4362
Terms of Trade (Index Points) 105.70 108 108 108 106 106
Tourist Arrivals (Thousand) 325.60 384 350 400 360 380
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 60.90 64 64 64 64 65
Government Budget (% of GDP) -2.15 -2.5 -2.5 -2.5 -2.5 -2.6
Government Budget Value (ILS Million) -14100.00 -3735 -3537 -3526 -3513 -3507
Government Spending (ILS Million) 74175.10 75751 75039 76977 77126 79748
Government Spending To GDP (%) 39.55 39.55 39.55 39.55 39.55 39.55
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 21.02 22.8 21.5 21.33 22.6 22.3
Industrial Production (%) 9.20 4.6 2.7 3.75 3.8 4.5
Industrial Production Mom (%) 0.80 0.3 1.4 0.31 1.5 1.6
Leading Economic Index (%) 0.32 0.3 0.4 0.28 0.4 0.3
Manufacturing Pmi 53.70 53.5 53.1 52.55 52.7 51
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -11.60 -8.1 -7.8 -9.21 -7.8 -7.6
Consumer Spending (ILS Million) 181842.20 187697 186284 187803 188165 194563
Bank Lending Rate (%) 3.42 3.42 3.42 3.42 3.42 3.42
Gasoline Prices (USD/Liter) 1.60 1.51 1.47 1.44 1.4 1.4


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.