Minimum Wages in Israel remained unchanged at 5300 ILS/Month in 2020 from 5300 ILS/Month in 2019.

Minimum Wages in Israel averaged 3726.79 ILS/Month from 1997 until 2020, reaching an all time high of 5300 ILS/Month in 2017 and a record low of 2348.88 ILS/Month in 1997. This page provides - Israel Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Minimum Monthly Wages - values, historical data and charts - was last updated on July of 2020.

Minimum Wages in Israel is expected to reach 5300.00 ILS/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Minimum Monthly Wages is projected to trend around 5500.00 ILS/Month in 2021, according to our econometric models.

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Israel Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
5300.00 5300.00 5300.00 2348.88 1997 - 2020 ILS/Month yearly

Israel Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 3.50 11.40 3.30 percent [+]
Employed Persons 3991.28 3962.96 3991.28 1537.00 Thousand [+]
Unemployed Persons 138.97 156.12 305.40 126.80 Thousand [+]
Job Vacancies 42747.00 26982.00 103832.00 26982.00 [+]
Wages 11063.50 10958.20 11063.50 7186.00 ILS/Month [+]
Wages in Manufacturing 131.90 120.40 137.00 96.00 points [+]
Minimum Wages 5300.00 5300.00 5300.00 2348.88 ILS/Month [+]
Population 9.15 8.97 9.15 2.11 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 67.00 67.00 67.00 67.00 [+]
Labor Force Participation Rate 62.70 62.80 64.70 62.10 percent [+]
Employment Rate 58.90 59.60 61.80 58.40 percent [+]


Israel Minimum Monthly Wages
In Israel, the minimum wage refers to the lowest gross wage per month. In December 2014 it was announced that the minimum wage would gradually be increase over the course of the next two years: on April 1, 2015 to NIS 4,650; then to NIS 4,825 in July 2016, and finally to NIS 5,000 in January 2017. In January 2015, 700,00 Israelis workers were under the minimum wage.