Markets Actual Q1 Q2 Q3 Q4 2021
Currency 3.41 3.46 3.47 3.48 3.5 3.53
Stock Market (points) 1666.96 1621 1606 1591 1577 1548
Government Bond 10Y (%) 0.75 0.93 0.98 1.03 1.08 1.19

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 1.20 0.9 0.9 0.9 1.2 1.2
GDP Annual Growth Rate (%) 3.80 3.1 3.8 3.2 3.1 3.2
GDP Growth Annualized (%) 4.80 3.1 3.8 3.2 3.1 3.2
Unemployment Rate (%) 3.40 3.5 3.6 3.8 3.8 4.2
Inflation Rate (%) 0.30 0.1 0.9 1.1 1.3 1.8
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Balance of Trade (USD Million) -1833.70 -1500 -1960 -1960 -1590 -1590
Current Account (USD Million) 3932.20 1510 2150 2150 1980 2150
Current Account to GDP (%) 1.90 2.6 2.6 2.6 2.6 2.5
Government Debt to GDP (%) 60.00 62 62 62 62 63
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.6 -3.6 -3.8
Business Confidence (points) 27.20 26.9 22 22 24.5 22
Consumer Confidence (points) -9.00 -10 -11 -11 -16 -18
Corporate Tax Rate (%) 23.00 23 23 23 23 23
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 1.20 0.9 0.9 0.9 1.2 1.2
GDP Annual Growth Rate (%) 3.80 3.1 3.8 3.2 3.1 3.2
GDP Growth Annualized (%) 4.80 3.1 3.8 3.2 3.1 3.2
GDP (USD Billion) 369.69 393 393 393 393 406
GDP Constant Prices (ILS Million) 341376.30 342916 345952 347417 347080 358187
Gross National Product (ILS Million) 364381.80 355475 358774 370602 370243 382091
Gross Fixed Capital Formation (ILS Million) 70571.40 72868 72478 70939 70870 73138
GDP per capita (USD) 34788.70 36042 36042 36042 36042 36185
GDP per capita PPP (USD) 33661.00 34000 34000 34000 34000 34000
GDP From Agriculture (ILS Million) 3447.20 3358 3381 3361 3358 3466
GDP From Construction (ILS Million) 19042.10 18723 18850 18741 18723 19322
GDP From Manufacturing (ILS Million) 39226.10 42040 42325 42081 42040 43385
GDP From Public Administration (ILS Million) 46982.80 50009 48451 47038 46992 48496
GDP From Services (ILS Million) 37799.30 35430 35671 35465 35430 36564
GDP From Transport (ILS Million) 11218.10 11309 11386 11320 11309 11671
GDP From Utilities (ILS Million) 6329.20 5749 5789 5755 5749 5933

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 3.40 3.5 3.6 3.8 3.8 4.2
Wages (ILS/Month) 10851.70 109000 109000 109000 113000 113000
Wages in Manufacturing (points) 112.80 124 124 124 128 128
Minimum Wages (ILS/Month) 5300.00 5500 5500 5500 5500 5500
Population (Million) 8.97 9.29 9.29 9.29 9.29 9.45
Retirement Age Women 63.33 64 64 64 64 64
Retirement Age Men 68.33 69 69 69 69 69

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 0.30 0.1 0.9 1.1 1.3 1.8
Consumer Price Index CPI (points) 100.40 101 102 102 102 104
Core Consumer Prices (points) 100.60 101 102 102 103 104
Core Inflation Rate (%) 0.20 0.2 0.5 1.1 1.6 1.7
Producer Prices (points) 92.50 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.00 1.4 1.5 1.5 1.7 1.9
Inflation Rate Mom (%) -0.40 0.3 0.1 0.5 0.3 0.1
Food Inflation (%) -0.50 -0.5 0.5 0.5 1 1.5
CPI Housing Utilities (points) 102.90 102 103 104 105 107
CPI Transportation (points) 98.40 99.5 102 100 99.78 102

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Interbank Rate (%) 0.20 0.18 0.18 0.18 0.18 0.18
Money Supply M1 (ILS Million) 434796.00 436491 441597 446703 451809 472234
Foreign Exchange Reserves (USD Million) 129965.00 128400 131900 135400 138973 153049
Deposit Interest Rate (%) 0.56 0.56 0.56 0.56 0.56 0.56

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -1833.70 -1500 -1960 -1960 -1590 -1590
Current Account (USD Million) 3932.20 1510 2150 2150 1980 2150
Current Account to GDP (%) 1.90 2.6 2.6 2.6 2.6 2.5
Imports (USD Million) 6193.10 7250 6740 6740 6750 6970
Exports (USD Million) 4359.40 5590 4780 4780 4670 4810
Tourist Arrivals (Thousand) 308.50 250 350 400 350 550

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 60.00 62 62 62 62 63
Government Budget (% of GDP) -3.70 -3.6 -3.6 -3.6 -3.6 -3.8
Government Budget Value (ILS Million) 5931.00 -4500 -8200 -7100 -11900 -5500
Government Spending (ILS Million) 77076.60 75968 78949 79299 79222 81757
Government Spending To GDP (%) 40.30 39 39 39 39 38.6

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 27.20 26.9 22 22 24.5 22
Industrial Production (%) 7.70 3.8 3.8 3.8 4.5 4.5
Industrial Production Mom (%) 0.70 1.5 1.5 1.5 1.6 1.6
Leading Economic Index (%) 0.26 0.3 0.4 0.2 0.3 0.3
Manufacturing Pmi (points) 51.80 52.9 53.6 53.6 53.7 54

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -9.00 -10 -11 -11 -16 -18
Consumer Spending (ILS Million) 191765.00 191977 192917 193136 192949 199123
Bank Lending Rate (%) 3.49 3.49 3.49 3.49 3.49 3.49
Consumer Credit (ILS Billion) 573.47 568 581 588 588 607
Gasoline Prices (USD/Liter) 1.78 1.59 1.63 1.67 1.72 1.72


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.