Markets Actual Q3 Q4 Q1 Q2 2022
Currency 3.21 3.22 3.24 3.26 3.27 3.31
Stock Market (points) 1864.09 1816 1773 1732 1691 1612
Government Bond 10Y (%) 1.07 1.09 1.13 1.18 1.22 1.31

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.92 1 1 0.7 0.6 0.5
GDP Annual Growth Rate (%) 15.00 4.3 3.8 3.3 2 4.3
GDP Growth Annualized (%) 16.60 3.5 5 3.5 4.2 4.5
Unemployment Rate (%) 5.00 4.9 4.7 4.5 4.5 4.5
Inflation Rate (%) 2.20 1.6 2 1.7 1.5 1.5
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Balance of Trade (USD Million) -3117.50 -2080 -1590 -2160 -2160 -2160
Current Account (USD Million) 6498.10 1980 2150 2150 2150 2150
Current Account to GDP (% of GDP) 4.90 2.5 2.5 2.5 2.5 2.5
Government Debt to GDP (% of GDP) 71.10 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Business Confidence (points) 21.87 15 20 22 22 25
Consumer Confidence (points) -14.20 5 8 5 5 5
Corporate Tax Rate (%) 23.00 24 24 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.92 1 1 0.7 0.6 0.5
GDP Annual Growth Rate (%) 15.00 4.3 3.8 3.3 2 4.3
GDP Growth Annualized (%) 16.60 3.5 5 3.5 4.2 4.5
GDP (USD Billion) 401.95 380 380 380 380 420
GDP Constant Prices (ILS Million) 359215.00 347719 351486 343623 366399 366600
Gross National Product (ILS Million) 381698.30 364298 382264 354993 389332 384012
Gross Fixed Capital Formation (ILS Million) 73570.60 67413 71315 72988 75042 79021
GDP per capita (USD) 33817.42 34185 34185 34185 34185 35766
GDP per capita PPP (USD) 38341.31 39100 39100 39100 39100 40000
GDP From Agriculture (ILS Million) 3393.00 3788 3843 3505 3461 4030
GDP From Construction (ILS Million) 18471.90 18789 19438 19081 18841 21007
GDP From Manufacturing (ILS Million) 42173.20 45285 42856 43565 43017 47860
GDP From Public Administration (ILS Million) 49270.50 47422 52391 47413 50256 50502
GDP From Services (ILS Million) 36064.80 37530 38666 37255 36786 37047
GDP From Transport (ILS Million) 8834.10 9350 12271 9126 9011 9693
GDP From Utilities (ILS Million) 4424.10 4303 6741 4570 4513 5316

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.00 4.9 4.7 4.5 4.5 4.5
Wages (ILS/Month) 11678.30 113000 113000 113000 113000 113000
Wages in Manufacturing (points) 126.00 128 128 128 128 128
Minimum Wages (ILS/Month) 5300.00 5500 5500 5500 5500 5500
Population (Million) 9.29 9.45 9.45 9.45 9.45 9.61
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 2022
Inflation Rate (%) 2.20 1.6 2 1.7 1.5 1.5
Consumer Price Index CPI (points) 102.10 101 102 102 103 103
Core Consumer Prices (points) 101.80 102 102 102 103 103
Core Inflation Rate (%) 1.90 2 1.7 1.7 1.7 1.7
Producer Prices (points) 110.20 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.90 2.3 1.9 1.9 1.9 1.9
Inflation Rate Mom (%) 0.30 0.5 0.5 0.3 0.3 0.5
Food Inflation (%) 1.80 0.5 1.5 1.5 1.5 1.5
CPI Housing Utilities (points) 101.80 102 102 103 102 103
CPI Transportation (points) 104.60 102 102 104 104 104

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Interbank Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Money Supply M1 (ILS Million) 646089.00 580581 582896 585211 587526 592156
Foreign Exchange Reserves (USD Million) 205912.00 188230 189500 190770 192041 194581
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) -3117.50 -2080 -1590 -2160 -2160 -2160
Current Account (USD Million) 6498.10 1980 2150 2150 2150 2150
Current Account to GDP (% of GDP) 4.90 2.5 2.5 2.5 2.5 2.5
Imports (USD Million) 7379.60 6750 6970 6970 6970 6970
Exports (USD Million) 4262.10 4670 4810 4810 4810 4810
Tourist Arrivals (Thousand) 52.90 80 100 150 200 300

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 71.10 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Government Budget Value (ILS Million) -1100.00 -13000 -5500 -5500 -4500 -4500
Government Spending (ILS Million) 78902.50 81058 81501 79377 80481 89051
Government Spending To GDP (% of GDP) 46.90 43 43 43 43 40

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 23.00 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 (%) 19.60 19.5 19.5 19.5 19.5 19.5
Social Security Rate For Companies (%) 7.60 7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 21.87 15 20 22 22 25
Industrial Production (%) 9.48 5.5 5.5 3.3 3.3 4.5
Industrial Production Mom (%) 4.10 1.5 1 1 1 2
Leading Economic Index (%) 0.21 0.3 0.3 0.3 0.3 0.3
Manufacturing PMI (points) 46.79 55 55 55 55 56

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -14.20 5 8 5 5 5
Consumer Spending (ILS Million) 191803.50 176181 203502 180167 195640 190386
Bank Lending Rate (%) 3.11 3.11 4.34 3.11 3.11 3.11
Gasoline Prices (USD/Liter) 1.97 1.87 1.78 1.69 1.6 1.52
Consumer Credit (ILS Billion) 623.17 616 602 632 636 651


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.