Markets Actual Q4 Q1 Q2 Q3 2020
Currency 3.77 3.66 3.68 3.7 3.72 3.79
Stock Market (points) 1422.55 1472 1460 1448 1436 1389
Government Bond 10Y (%) 2.42 2.03 2.07 2.11 2.14 2.3
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 1.2 0.8 1.1 1 1.2
GDP Annual Growth Rate (%) 3.10 3.5 3.3 3.2 3.5 3.4
GDP Growth Annualized (%) 2.30 3.4 3.3 3.8 3.86 3.6
Unemployment Rate (%) 4.10 3.9 3.6 3.7 3.6 3.4
Inflation Rate (%) 1.20 0.8 1.3 1.5 1.7 2.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.5
Balance of Trade (USD Million) -1862.40 -1227 -1484 -2278 -2256 -1590
Current Account (USD Million) 1763.80 1746 1728 1701 2169 1650
Current Account to GDP (%) 4.10 2.2 2.5 2.5 2.5 3
Government Debt to GDP (%) 60.90 64.2 64 64 64 65
Government Budget (% of GDP) -2.15 -2.9 -2.5 -2.5 -2.5 -2.6
Business Confidence (Index Points) 22.55 23.1 22.8 21.5 21.33 22.3
Consumer Confidence (Index Points) -6.00 -8.2 -8.1 -7.8 -9.21 -7.6
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.60 1.2 0.8 1.1 1 1.2
GDP Annual Growth Rate (%) 3.10 3.5 3.3 3.2 3.5 3.4
GDP Growth Annualized (%) 2.30 3.4 3.3 3.8 3.86 3.6
GDP (USD Billion) 350.85 363 386 386 386 392
GDP Constant Prices (ILS Million) 325673.40 330487 333548 334179 337072 354367
Gross National Product (ILS Million) 331110.30 331792 326589 334483 342699 355767
Gross Fixed Capital Formation (ILS Million) 64164.70 67295 68170 67307 66410 72157
GDP per capita (USD) 34134.81 34737 35023 35023 35023 35304
GDP per capita PPP (USD) 33132.32 33300 33900 33900 33900 34000
GDP From Agriculture (ILS Million) 3994.60 3954 3970 4122 4134 4239
GDP From Construction (ILS Million) 16790.90 16836 15304 17328 17379 18053
GDP From Manufacturing (ILS Million) 40170.00 38393 39652 41455 41576 41167
GDP From Public Administration (ILS Million) 43828.20 46899 48590 48178 45362 50288
GDP From Services (ILS Million) 34144.80 33867 34141 35237 35340 36314
GDP From Transport (ILS Million) 10793.30 9956 9521 11139 11171 10675
GDP From Utilities (ILS Million) 5213.00 4610 6362 5380 5395 4943
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 4.10 3.9 3.6 3.7 3.6 3.4
Wages (ILS/Month) 10603.10 105000 108000 10722 10782 113000
Wages in Manufacturing (Index Points) 110.40 119 128 115 115 128
Minimum Wages (ILS/Month) 5300.00 5300 5500 5500 5500 5700
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.20 0.8 1.3 1.5 1.7 2.1
Consumer Price Index CPI (Index Points) 101.50 101 102 103 103 105
Core Consumer Prices (Index Points) 101.10 101 101 102 102 103
Producer Prices (Index Points) 95.10 91.52 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.10 1.2 1.5 1.6 1.4 1.7
Inflation Rate Mom (%) -0.30 0.3 0.1 0.4 0.06 0.4
Food Inflation (%) 2.30 1.5 1.7 1.4 1.2 2.6
CPI Housing Utilities (Index Points) 105.10 104 104 105 107 108
CPI Transportation (Index Points) 100.50 99.99 102 103 104 104
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 0.5
Interbank Rate (%) 0.29 0.27 0.27 0.27 0.52 0.52
Foreign Exchange Reserves (USD Million) 115056.00 109056 109002 108945 114121 108218
Deposit Interest Rate (%) 0.52 0.52 0.52 0.52 0.77 0.77
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) -1862.40 -1227 -1484 -2278 -2256 -1590
Current Account (USD Million) 1763.80 1746 1728 1701 2169 1650
Current Account to GDP (%) 4.10 2.2 2.5 2.5 2.5 3
Imports (USD Million) 6458.20 5861 5913 6410 6640 5951
Exports (USD Million) 4595.80 4634 4429 4130 4390 4362
Terms of Trade (Index Points) 108.64 105 108 108 108 106
Tourist Arrivals (Thousand) 388.50 358 384 350 400 380
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 60.90 64.2 64 64 64 65
Government Budget (% of GDP) -2.15 -2.9 -2.5 -2.5 -2.5 -2.6
Government Budget Value (ILS Million) -100.00 -3594 -3735 -3537 -3526 -3507
Government Spending (ILS Million) 74373.90 74288 75751 75039 76977 79655
Government Spending To GDP (%) 39.55 39.55 39.55 39.55 39.55 39.55
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 24.00 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 (%) 19.50 19.5 19.5 19.5 19.5 19.5
Social Security Rate For Companies (%) 7.50 7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 22.55 23.1 22.8 21.5 21.33 22.3
Industrial Production (%) -8.10 7.3 4.6 2.7 3.75 4.5
Industrial Production Mom (%) -2.40 1.9 0.3 1.4 0.31 1.6
Leading Economic Index (%) 0.28 0.3 0.3 0.4 0.28 0.3
Manufacturing Pmi 52.70 54.2 53.5 53.1 52.55 51
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -6.00 -8.2 -8.1 -7.8 -9.21 -7.6
Consumer Spending (ILS Million) 181451.70 184125 187697 186284 187803 197429
Bank Lending Rate (%) 3.41 3.41 3.41 3.41 3.66 3.66
Gasoline Prices (USD/Liter) 1.73 1.74 1.71 1.68 1.65 1.53


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.