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 1.10 1.1 1 0.9 0.9 1.2 percent
Unemployment Rate 3.90 3.8 4.1 3.6 3.4 3.4 percent
Inflation Rate 0.50 0.5 1 1.5 1.4 2.2 percent
Interest Rate 0.10 0.1 0.1 0.25 0 1.25 percent
Balance of Trade -2147.40 -2170 -1316 -1227 -1484 -1590 USD Million
Government Debt to GDP 60.90 64.2 64.2 64.2 64 65 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3.62
3.58 3.63 3.68 3.73 3.94
Stock Market 1382.41
points
1240 1211 1183 1156 1052
Government Bond 10Y 1.99
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 1.10
percent
1.1 1 0.9 0.9 1.2
GDP Annual Growth Rate 4.00
percent
3.4 3.4 3.5 3.2 3.6
GDP Growth Annualized 4.50
percent
3.2 3.4 3.4 3.3 3.6
GDP 318.74
USD Billion
322 324 326 324 314
GDP Constant Prices 320070.00
ILS Million
320635 324031 327867 330312 350540
Gross National Product 316155.70
ILS Million
320954 324808 331792 326273 354736
Gross Fixed Capital Formation 66953.00
ILS Million
65092 66157 66168 69095 70743
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 3642 3984 3972 4259
GDP From Construction 16189.90
ILS Million
16324 17135 16757 16708 17915
GDP From Manufacturing 35801.40
ILS Million
36073 36834 37054 36947 39617
GDP From Public Administration 46894.30
ILS Million
46189 45527 46617 48395 49840
GDP From Services 32968.20
ILS Million
32836 34629 34122 34023 36482
GDP From Transport 9619.20
ILS Million
9431 9896 9956 9927 10644
GDP From Utilities 4454.40
ILS Million
7150 6183 4610 4597 4929
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.90
percent
3.8 4.1 3.6 3.4 3.4
Employed Persons 3879.90
Thousand
3831 3831 3831 3831 3831
Unemployed Persons 148.00
Thousand
169 169 169 169 169
Job Vacancies 105631.00
102950 103250 103285 103283 103283
Wages 10456.70
ILS/Month
104000 105000 105000 108000 113000
Wages in Manufacturing 126.20
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 63.70
percent
63.67 63.6 63.62 63.61 63.61
Employment Rate 61.30
percent
61.39 61.35 61.2 61.36 61.4
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.50
percent
0.5 1 1.5 1.4 2.2
Consumer Price Index CPI 101.20
Index Points
100 101 102 102 106
Core Consumer Prices 100.90
Index Points
99.97 100 100 100 101
Core Inflation Rate 0.20
percent
0.17 0.18 0.18 0.18 0.18
GDP Deflator 100.05
Index Points
100 100 99.93 99.78 99.52
Producer Prices 94.20
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 0.90
percent
1 0.84 0.85 0.85 0.85
Inflation Rate Mom 0.50
percent
0.2 0.3 0.3 0.1 0.4
Food Inflation -1.10
percent
0.9 1.4 2.5 2.7 3.6
CPI Housing Utilities 103.40
Index Points
102 104 105 105 109
CPI Transportation 101.10
Index Points
98.69 99.69 101 102 105
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.10
percent
0.1 0.1 0.25 0 1.25
Interbank Rate 0.11
percent
0.11 0.11 0.26 0.01 1.26
Money Supply M1 389262.00
ILS Million
393970 406741 418771 430109 519238
Money Supply M2 819926.20
ILS Million
825149 836778 848316 859702 977833
Money Supply M3 1097171.77
ILS Million
1108056 1116733 1127090 1127599 1136100
Foreign Exchange Reserves 114700.00
USD Million
114863 115372 116468 117755 132278
Banks Balance Sheet 1528038.00
NIS Million
1541616 1548647 1554716 1560028 1589043
Deposit Interest Rate 0.52
percent
0.52 0.52 0.67 0.42 1.67
Private Debt to GDP 123.66
percent
124 124 124 125 133
Central Bank Balance Sheet 421014.00
NIS Million
422240 423344 423571 423617 423629
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -2147.40
USD Million
-2170 -1316 -1227 -1484 -1590
Exports 4515.50
USD Million
4073 4622 4634 4429 4362
Imports 6662.90
USD Million
6243 5938 5861 5913 5951
Current Account 1881.00
USD Million
2238 2195 2150 2173 2168
Current Account to GDP 4.10
percent
3.8 3.8 3.8 3.6 3.3
External Debt 91240.80
USD Million
90783 90097 90880 90487 90620
Terms of Trade 108.06
Index Points
111 111 113 111 114
Capital Flows -2197.70
USD Million
1693 592 1221 1999 1155
Foreign Direct Investment 32237.50
USD Million
32013 30701 20400 33168 22100
Remittances 1252.00
USD Million
1236 1212 1253 1215 1233
Tourist Arrivals 395.90
Thousand
300 400 400 400 400
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
0.39 0.39 0.39 0.39 0.39
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 60.90
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 -800.00
ILS Million
-4252 -3098 -2309 -2270 -2171
Government Spending 71624.00
ILS Million
72490 72006 73461 73916 78541
Government Revenues 26936.00
ILS Million
29040 28604 28720 28706 28708
Fiscal Expenditure 27557.00
ILS Million
33292 31702 31162 30976 30879
Military Expenditure 15500.80
USD Million
17249 17227 17204 17349 16748
Government Spending To Gdp 39.55
percent
39.66 39.62 39.58 39.52 39
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 23.80
Index Points
24.71 26.12 17.7 26.46 20.4
Industrial Production 12.40
percent
6.45 6.27 4.07 4.07 4.06
Industrial Production Mom 2.20
percent
0.03 0.32 0.5 0.32 0.7
Changes in Inventories 397.20
ILS Million
1273 1093 1315 982 1039
Leading Economic Index 0.39
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 12.30
percent
11.85 11.42 11.67 11.56 11.6
Manufacturing Pmi 49.60
50.32 50.82 50.86 50.88 50.91
Manufacturing Production 11.60
percent
4.73 4.25 3.83 3.58 3.35
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 -7.00
Index Points
-7.46 -8.72 -13 -8.43 -15
Consumer Spending 181420.00
ILS Million
179120 182021 183343 187225 196022
Private Sector Credit 915497.00
ILS Million
921212 929187 937473 945822 1037828
Bank Lending Rate 3.52
percent
3.52 3.52 3.67 3.42 4.67
Retail Sales Mom -3.50
percent
0.19 -0.21 0.14 0.27 0.23
Retail Sales Yoy 0.40
percent
3.37 2.84 3.03 3.08 3.1
Economic Optimism Index 128.50
Index Points
130 131 124 134 131
Consumer Credit 519.64
ILS Billion
531 538 546 553 629
Households Debt To Gdp 42.00
Percent
42.09 42.13 42.14 42.16 42.16
Gasoline Prices 1.82
USD/Liter
1.82 1.72 1.62 1.52 1.06
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 406.00
Index points
407 408 409 409 409
Building Permits 5528.00
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