Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3.46 3.47 3.48 3.49 3.51 3.53
Stock Market (points) 1339.72 1337 1311 1286 1262 1213
Government Bond 10Y (%) 0.60 0.64 0.67 0.71 0.74 0.81

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.70 0.6 0.6 0.6 0.6 1.2
GDP Annual Growth Rate (%) 0.60 -1.2 2.1 3.2 4.3 4.3
GDP Growth Annualized (%) -6.80 3.2 3.1 3.1 3.1 3.2
Unemployment Rate (%) 4.20 4.7 5 4.9 4.6 4.4
Inflation Rate (%) -1.60 1.1 1.3 1 0.9 1.8
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Balance of Trade (USD Million) -1133.90 -1960 -2080 -2080 -2080 -2160
Current Account (USD Million) 3806.40 2150 1980 1980 1980 2150
Current Account to GDP (%) 2.40 2.6 2.6 2.5 2.5 2.5
Government Debt to GDP (%) 59.90 68 68 65 65 65
Government Budget (% of GDP) -4.50 -12 -12 -7 -7 -7
Business Confidence (points) -0.50 -16 -10 -8 -8 -2
Consumer Confidence (points) -8.74 -18 -17 -16 -16 -14
Corporate Tax Rate (%) 23.00 23 23 23 23 23
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -1.70 0.6 0.6 0.6 0.6 1.2
GDP Annual Growth Rate (%) 0.60 -1.2 2.1 3.2 4.3 4.3
GDP Growth Annualized (%) -6.80 3.2 3.1 3.1 3.1 3.2
GDP (USD Billion) 395.10 340 340 380 380 380
GDP Constant Prices (ILS Million) 334840.60 333247 348256 345555 349239 363231
Gross National Product (ILS Million) 351892.10 354801 372034 363153 367023 388031
Gross Fixed Capital Formation (ILS Million) 67146.80 68369 71901 69295 70034 74993
GDP per capita (USD) 35293.40 33042 33042 34185 34185 34185
GDP per capita PPP (USD) 40161.90 38000 38000 39100 39100 39100
GDP From Agriculture (ILS Million) 3447.20 3406 3520 3558 3595 3671
GDP From Construction (ILS Million) 19042.10 18814 19442 19651 19861 20278
GDP From Manufacturing (ILS Million) 39226.10 38755 40050 40481 40913 41772
GDP From Public Administration (ILS Million) 47645.30 45092 47969 49170 49694 50032
GDP From Services (ILS Million) 37799.30 37346 38593 39009 39425 40253
GDP From Transport (ILS Million) 11218.10 11083 11454 11577 11700 11946
GDP From Utilities (ILS Million) 6329.20 6253 6462 6532 6601 6740

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.20 4.7 5 4.9 4.6 4.4
Wages (ILS/Month) 11063.50 109000 113000 113000 113000 113000
Wages in Manufacturing (points) 123.50 124 128 128 128 128
Minimum Wages (ILS/Month) 5300.00 5300 5300 5300 5500 5500
Population (Million) 9.15 9.29 9.29 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 Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -1.60 1.1 1.3 1 0.9 1.8
Consumer Price Index CPI (points) 100.10 102 102 102 101 104
Core Consumer Prices (points) 101.10 102 103 103 103 104
Core Inflation Rate (%) -0.60 1.1 1.6 2 2 1.7
Producer Prices (points) 85.70 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 0.50 1.5 1.7 1.7 1.7 1.9
Inflation Rate Mom (%) -0.30 0.5 0.3 0.1 0.1 0.1
Food Inflation (%) -0.20 0.5 1 0.5 0.5 1.5
CPI Housing Utilities (points) 103.30 104 105 105 104 107
CPI Transportation (points) 94.40 100 99.78 99.08 95.25 102

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Interbank Rate (%) 0.08 0.07 0.07 0.07 0.07 0.07
Money Supply M1 (ILS Million) 501093.00 512458 531850 551242 570635 609419
Foreign Exchange Reserves (USD Million) 147337.00 146908 154451 161994 161994 184623
Deposit Interest Rate (%) 0.15 0.15 0.15 0.15 0.15 0.15

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) -1133.90 -1960 -2080 -2080 -2080 -2160
Current Account (USD Million) 3806.40 2150 1980 1980 1980 2150
Current Account to GDP (%) 2.40 2.6 2.6 2.5 2.5 2.5
Imports (USD Million) 4754.80 6740 6750 6750 6750 6970
Exports (USD Million) 3620.90 4780 4670 4670 4670 4810
Tourist Arrivals (Thousand) 5.80 100 200 350 380 430

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 59.90 68 68 65 65 65
Government Budget (% of GDP) -4.50 -12 -12 -7 -7 -7
Government Budget Value (ILS Million) -12167.00 -7100 -11900 -9800 -9800 -5500
Government Spending (ILS Million) 74925.80 76051 78610 77323 78148 81990
Government Spending To GDP (%) 39.50 47 47 43 43 43

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

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) -0.50 -16 -10 -8 -8 -2
Industrial Production (%) -14.90 3.8 4.5 4.5 4.5 4.5
Industrial Production Mom (%) -0.20 1.5 1.6 1.6 1.6 1.6
Leading Economic Index (%) -1.80 0.2 0.3 0.3 0.3 0.3
Manufacturing Pmi (points) 38.50 47 50 51 51 54

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -8.74 -18 -17 -16 -16 -14
Consumer Spending (ILS Million) 181260.60 184900 195861 187061 189055 204283
Bank Lending Rate (%) 3.46 3.46 3.46 3.46 3.46 3.46
Gasoline Prices (USD/Liter) 1.52 1.44 1.37 1.3 1.24 1.18
Consumer Credit (ILS Billion) 580.84 563 589 598 605 614


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.