Markets Actual Q4 Q1 Q2 Q3 2020
Currency 3.52 3.49 3.5 3.52 3.53 3.56
Stock Market (points) 1552.54 1515 1497 1480 1463 1430
Government Bond 10Y (%) 0.89 0.95 0.99 1.04 1.09 1.19
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.30 1.1 0.9 0.9 0.9 1.2
GDP Annual Growth Rate (%) 3.20 3.2 3.4 3.6 3.1 3.5
GDP Growth Annualized (%) 1.00 3.2 3.3 3.4 3.5 3.6
Unemployment Rate (%) 3.80 3.5 3.5 3.6 3.8 3.8
Inflation Rate (%) 0.30 0.7 0.7 0.9 1.1 1.3
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Balance of Trade (USD Million) -1713.50 -1500 -1500 -1500 -1500 -1590
Current Account (USD Million) 4207.00 3400 1510 2150 2150 1980
Current Account to GDP (%) 1.90 1.9 1.5 1.5 1.5 1.5
Government Debt to GDP (%) 61.00 64 62 62 62 62
Government Budget (% of GDP) -1.90 -3.7 -3.6 -3.6 -3.6 -3.6
Business Confidence (Index Points) 25.65 26 22 22 22 24.5
Consumer Confidence (Index Points) -10.00 -14 -11 -11 -11 -16
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 (%) 0.30 1.1 0.9 0.9 0.9 1.2
GDP Annual Growth Rate (%) 3.20 3.2 3.4 3.6 3.1 3.5
GDP Growth Annualized (%) 1.00 3.2 3.3 3.4 3.5 3.6
GDP (USD Billion) 369.69 375 386 386 386 386
GDP Constant Prices (ILS Million) 333686.90 338152 338807 344169 345700 349987
Gross National Product (ILS Million) 345639.40 357192 357885 356510 358082 369694
Gross Fixed Capital Formation (ILS Million) 71165.50 66638 66767 74175 73727 68970
GDP per capita (USD) 34788.70 35023 35304 35304 35304 35304
GDP per capita PPP (USD) 33661.00 33900 34000 34000 34000 34000
GDP From Agriculture (ILS Million) 3257.10 3591 3598 3368 3374 3717
GDP From Construction (ILS Million) 18159.90 18163 18198 18777 18814 18799
GDP From Manufacturing (ILS Million) 40775.70 40046 40123 42162 42244 41447
GDP From Public Administration (ILS Million) 46677.30 48955 49050 50155 48358 50668
GDP From Services (ILS Million) 34365.00 36130 36200 35533 35602 37395
GDP From Transport (ILS Million) 10968.80 11466 11489 11342 11364 11868
GDP From Utilities (ILS Million) 5576.60 6299 6311 5766 5777 6519
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.80 3.5 3.5 3.6 3.8 3.8
Wages (ILS/Month) 10847.20 109000 109000 109000 109000 113000
Wages in Manufacturing (Index Points) 122.30 124 124 124 124 128
Minimum Wages (ILS/Month) 5300.00 5300 5500 5500 5500 5500
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.30 0.7 0.7 0.9 1.1 1.3
Consumer Price Index CPI (Index Points) 100.80 102 102 101 102 103
Core Consumer Prices (Index Points) 101.10 102 102 102 102 104
Producer Prices (Index Points) 93.10 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.00 1.4 1.4 1.5 1.5 1.7
Inflation Rate Mom (%) -0.20 -0.2 0.3 0.1 0.1 0.1
Food Inflation (%) 0.20 1.2 1.2 1.2 1.2 2.6
CPI Housing Utilities (Index Points) 102.80 103 102 103 103 104
CPI Transportation (Index Points) 99.30 99.58 99.68 100 102 101
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25
Interbank Rate (%) 0.22 0.26 0.51 0.23 0.23 0.76
Foreign Exchange Reserves (USD Million) 119473.00 122271 123367 122983 124834 125710
Deposit Interest Rate (%) 0.56 0.52 0.77 0.56 0.56 1.02
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) -1713.50 -1500 -1500 -1500 -1500 -1590
Current Account (USD Million) 4207.00 3400 1510 2150 2150 1980
Current Account to GDP (%) 1.90 1.9 1.5 1.5 1.5 1.5
Imports (USD Million) 6080.10 6420 7250 6740 6740 6750
Exports (USD Million) 4366.60 4480 5590 4780 4780 4670
Tourist Arrivals (Thousand) 405.00 340 400 400 400 380
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 61.00 64 62 62 62 62
Government Budget (% of GDP) -1.90 -3.7 -3.6 -3.6 -3.6 -3.6
Government Spending (ILS Million) 75909.20 76156 76303 76645 78642 78821
Government Spending To GDP (%) 39.50 39.3 39 39 39 39
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 (%) 19.60 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 25.65 26 22 22 22 24.5
Industrial Production (%) 7.40 3.8 3.8 3.8 3.8 4.5
Industrial Production Mom (%) 4.50 1.5 1.5 1.5 1.5 1.6
Leading Economic Index (%) 0.23 0.4 0.4 0.4 0.2 0.3
Manufacturing Pmi 44.30 53.2 52.9 53.6 53.6 53.7
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -10.00 -14 -11 -11 -11 -16
Consumer Spending (ILS Million) 185691.90 190155 190524 192617 192377 196811
Bank Lending Rate (%) 3.52 3.59 3.84 3.52 3.52 4.09
Gasoline Prices (USD/Liter) 1.75 1.55 1.52 1.54 1.49 1.52


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.