Israel - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.00 1.1 0.9 0.9 0.9 1.2 percent
Unemployment Rate 3.80 3.4 3.8 3.3 3.4 3.4 percent
Inflation Rate 0.20 0.5 1 1.5 1.4 2.2 percent
Interest Rate 0.10 0.1 0.1 0.25 0.5 1.25 percent
Balance of Trade -1720.20 -2170 -1316 -1227 -1484 -1590 USD Million
Government Debt to GDP 61.90 64.2 64.2 64.2 64 65 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3.59
3.58 3.63 3.68 3.73 3.94
Stock Market 1325.84
points
1240 1211 1183 1156 1052
Government Bond 10Y 1.87
percent
1.76 1.85 1.95 2.05 2.53
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 1.00
percent
1.1 0.9 0.9 0.9 1.2
GDP Annual Growth Rate 3.00
percent
3.4 3.4 3.5 3.2 3.6
GDP Growth Annualized 4.10
percent
3.2 3.4 3.4 3.3 3.6
GDP 318.74
USD Billion
322 324 326 324 314
GDP Constant Prices 316332.30
ILS Million
321058 324171 327404 326455 350045
Gross National Product 320572.30
ILS Million
320954 324808 331792 330831 354736
Gross Fixed Capital Formation 62928.10
ILS Million
65625 65992 65131 64942 69634
GDP per capita 33783.00
USD
33807 34737 34269 35023 35209
GDP per capita PPP 32612.70
USD
32636 32859 33082 33810 33989
GDP From Agriculture 3848.80
ILS Million
3857 3857 3696 3850 3951
GDP From Construction 16189.90
ILS Million
16324 16324 15524 16293 16597
GDP From Manufacturing 35801.40
ILS Million
36073 36073 33482 36003 35797
GDP From Public Administration 45040.30
ILS Million
46189 45527 46617 46482 49840
GDP From Services 32968.20
ILS Million
32836 32836 27025 32772 28894
GDP From Transport 9619.20
ILS Million
9431 9431 10379 9413 11097
GDP From Utilities 4454.40
ILS Million
7150 7150 2810 7136 3004
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.80
percent
3.4 3.8 3.3 3.4 3.4
Employed Persons 3846.56
Thousand
3831 3831 3831 3831 3831
Unemployed Persons 170.03
Thousand
169 169 169 169 169
Job Vacancies 102502.00
94473 94379 94476 94449 94447
Wages 10208.10
ILS/Month
104000 105000 105000 108000 113000
Wages in Manufacturing 112.10
Index Points
115 113 119 128 128
Minimum Wages 5300.00
ILS/Month
5300 5300 5300 5500 5700
Population 8.81
Million
9 8.92 9 9 9.2
Retirement Age Women 63.33
63 63 63.33 63 64
Retirement Age Men 68.33
68.33 68 68.33 68 69
Labor Force Participation Rate 64.10
percent
64 63.95 63.94 63.96 63.98
Employment Rate 61.70
percent
61.48 61.46 61.2 61.39 61.4
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.20
percent
0.5 1 1.5 1.4 2.2
Consumer Price Index CPI 100.30
Index Points
100 101 102 102 106
Core Consumer Prices 100.10
Index Points
100 100 101 100 103
Core Inflation Rate 0.20
percent
0.21 0.31 0.4 0.49 1.09
GDP Deflator 100.24
Index Points
101 101 101 101 101
Producer Prices 92.90
Index Points
91.64 91.34 91.52 91.54 91.52
Export Prices 107.20
Index Points
106 106 108 106 109
Import Prices 99.20
Index Points
95.65 95.5 95.53 95.52 95.52
Inflation Expectations 0.60
percent
0.77 0.92 1.05 1.17 2.18
Inflation Rate Mom 0.30
percent
0.2 0.3 0.3 0.1 0.4
Food Inflation -1.70
percent
0.9 1.4 2.5 2.7 3.6
CPI Housing Utilities 103.10
Index Points
102 104 105 103 109
CPI Transportation 100.20
Index Points
98.69 99.69 101 99.87 105
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.10
percent
0.1 0.1 0.25 0.5 1.25
Interbank Rate 0.10
percent
0.1 0.1 0.25 0.5 1.25
Money Supply M1 380738.00
ILS Million
372805 364700 356409 351447 355940
Money Supply M2 810887.00
ILS Million
827475 839916 852076 864059 989185
Money Supply M3 1065002.00
ILS Million
1065300 1061272 1059266 1058090 1051148
Foreign Exchange Reserves 115978.00
USD Million
118495 119215 119471 119496 117376
Banks Balance Sheet 1534489.00
NIS Million
1555484 1565541 1574532 1582566 1630518
Deposit Interest Rate 0.53
percent
0.13 0.14 0.15 0 -1.68
Private Debt to GDP 124.36
percent
124 124 124 125 133
Central Bank Balance Sheet 401087.00
NIS Million
396274 395115 393988 392877 381161
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -1720.20
USD Million
-2170 -1316 -1227 -1484 -1590
Exports 4986.10
USD Million
4073 4622 4634 4429 4362
Imports 6706.30
USD Million
6243 5938 5861 5913 5951
Current Account 2634.70
USD Million
2633 2517 2632 2519 2623
Current Account to GDP 4.10
percent
3.8 3.8 3.8 3.6 3.3
External Debt 89212.80
USD Million
90906 93759 91747 93166 92567
Terms of Trade 108.06
Index Points
111 111 113 111 114
Capital Flows 2474.50
USD Million
3949 3096 2908 2566 2642
Foreign Direct Investment 25050.00
USD Million
17785 17563 20400 17593 22100
Remittances 1193.40
USD Million
1196 1271 1198 1269 1208
Tourist Arrivals 392.80
Thousand
300 300 300 300 300
Weapons Sales 1263.00
USD Million
1263 1263 1263 1263 1263
Terrorism Index 5.06
5.64 5.78 5.93 5.75 5.4
Crude Oil Production 0.39
BBL/D/1K
0.37 0.37 0.36 0.35 0.3
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 61.90
percent
64.2 64.2 64.2 64 65
Government Budget -2.15
percent of GDP
-2.3 -2.39 -2.9 -2.56 -2.6
Government Budget Value -4400000.00
ILS Million
-3480 -2290 -3974 -3808 -4961
Government Spending 70977.10
ILS Million
72292 71709 73461 73248 78541
Government Revenues 30454.00
ILS Million
26273 26665 26422 26318 25018
Fiscal Expenditure 34738.00
ILS Million
29753 28955 30339 30125 29978
Military Expenditure 17799.50
USD Million
17249 17227 17204 17349 16748
Government Spending To Gdp 39.66
percent
40.18 39.88 39.58 39.59 39.15
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 22.10
Index Points
19.15 18.99 17.7 18.95 20.4
Industrial Production 5.70
percent
6.45 6.27 4.67 4.33 4.2
Industrial Production Mom 3.60
percent
-3.34 2.36 0.5 -1.06 0.7
Changes in Inventories 5116.80
ILS Million
1189 1052 1270 1000 1038
Leading Economic Index 0.36
percent
0.4 0.3 0.4 0.3 0.3
Internet Speed 13669.17
KBps
12838 12657 12179 12110 10015
IP Addresses 2363587.00
IP
2352301 2351185 2350805 2351139 2350912
Mining Production 7.30
percent
16.09 21.36 23.32 25.09 19.45
Manufacturing Pmi 54.70
53.73 54.29 53.87 54.04 53.98
Manufacturing Production 0.80
percent
3.42 3.37 3.32 3.3 3.28
Ease of Doing Business 54.00
54 54 54 54 54
Competitiveness Index 5.31
Points
5.26 5.26 5.26 5.16 4.82
Competitiveness Rank 16.00
20 20 20 20 20
Corruption Index 62.00
Points
63 63 62 62 63
Corruption Rank 32.00
32 32 32 32 32
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence -9.00
Index Points
-9.75 -9.63 -13 -9.66 -15
Consumer Spending 176756.20
ILS Million
179168 182193 182943 182412 195594
Private Sector Credit 904579.00
ILS Million
920327 925464 927395 926124 862914
Bank Lending Rate 3.53
percent
3.51 3.51 3.51 3.51 3.51
Retail Sales Mom 0.00
percent
0.51 0.53 0.53 0.53 0.53
Retail Sales Yoy 2.20
percent
4.77 1.24 3.47 2.27 2.68
Economic Optimism Index 127.40
Index Points
129 130 124 129 131
Consumer Credit 516.50
ILS Billion
531 538 546 553 629
Households Debt To Gdp 41.80
Percent
41.91 41.93 41.93 41.94 41.94
Gasoline Prices 1.77
USD/Liter
1.69 1.6 1.51 1.42 0.99
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 406.10
Index points
413 414 407 410 412
Building Permits 4190.00
4968 4937 4947 4944 4944
Housing Starts 10190.00
11089 11451 11728 11872 11764
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 24.00
percent
24 24 24 24 25
Personal Income Tax Rate 50.00
percent
50 50 50 50 49
Sales Tax Rate 17.00
percent
17 17 17 17 17
Social Security Rate 19.50
percent
19.5 19.5 19.5 20 20
Social Security Rate For Companies 7.50
percent
7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees 12.00
percent
12 12 12 12 12
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 39.70
mm
5.51 0.34 32.84 50.64 22.8
Temperature 12.19
celsius
21.94 26.56 17.52 12.72 20.11