Markets Actual Q3 Q4 Q1 Q2 2023
Currency 3.52 3.5 3.55 3.6 3.6 3.7
Stock Market (points) 1883.81 1775 1725 1677 1677 1584
Government Bond 10Y (%) 2.71 3.03 3.14 3.26 3.26 3.52

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -0.50 0.5 0.5 0.5 0.5 0.5
GDP Annual Growth Rate (%) 9.02 6.3 6.4 6.4 6.4 6.5
GDP Growth Annualized (%) -1.90 4.2 4.5 4.5 4.5 4
Unemployment Rate (%) 3.70 3.2 3.5 3.6 3.6 3.2
Inflation Rate (%) 4.10 4 3.5 2.5 2 2.9
Interest Rate (%) 0.75 0.9 0.9 1 1.5 1
Balance of Trade (USD Million) -5482.90 -3290 -3490 -3490 -3490 -4190
Current Account (USD Million) 5126.70 6000 5900 5900 5900 6000
Current Account to GDP (% of GDP) 4.90 5.2 5.2 5.2 5.2 5.5
Government Debt to GDP (% of GDP) 68.80 80 81 81 81 81
Government Budget (% of GDP) -11.70 -3 -3 -3 -3 -3
Business Confidence (points) 26.94 26 25 25 25 25
Consumer Confidence (points) -13.98 3 2 2 2 4
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 2023
GDP Growth Rate (%) -0.50 0.5 0.5 0.5 0.5 0.5
GDP Annual Growth Rate (%) 9.02 6.3 6.4 6.4 6.4 6.5
GDP Growth Annualized (%) -1.90 4.2 4.5 4.5 4.5 4
GDP (USD Billion) 401.95 410 410 410 410 410
GDP Constant Prices (ILS Million) 376607.50 381144 387902 402618 400710 428788
Gross National Product (ILS Million) 401695.40 402461 409514 444011 427404 472872
Gross Fixed Capital Formation (ILS Million) 80100.00 78111 81820 84787 85226 90298
GDP per capita (USD) 36563.94 35766 35766 35766 35766 35766
GDP per capita PPP (USD) 38341.31 40000 40000 40000 40000 40000
GDP From Agriculture (ILS Million) 3393.00 3600 3607 3610 3610 3845
GDP From Construction (ILS Million) 18471.90 20567 19617 19599 19636 21884
GDP From Manufacturing (ILS Million) 42173.20 46859 44788 44746 44830 49858
GDP From Public Administration (ILS Million) 51267.80 52276 50023 53940 54549 57446
GDP From Services (ILS Million) 36064.80 36272 38301 38265 38337 38593
GDP From Transport (ILS Million) 8834.10 9491 9382 9373 9391 10098
GDP From Utilities (ILS Million) 4424.10 5205 4698 4694 4703 5538

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.70 3.2 3.5 3.6 3.6 3.2
Wages (ILS/Month) 12036.80 113000 113000 113000 113000 113000
Wages in Manufacturing (points) 145.90 128 128 128 128 128
Minimum Wages (ILS/Month) 5400.00 5400 5400 5400 5500 5500
Population (Million) 9.29 9.45 9.61 9.61 9.61 9.61
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 67.00 67 67 67 67 67
Labor Force Participation Rate (%) 62.60 64.8 64.9 64.9 64.9 64

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 4.10 4 3.5 2.5 2 2.9
Consumer Price Index CPI (points) 105.50 106 106 106 107 109
Core Consumer Prices (points) 105.00 103 104 105 106 107
Core Inflation Rate (%) 3.76 2.3 2.4 2.4 2.4 2.5
Producer Prices (points) 123.30 91.54 91.54 91.54 91.54 91.52
Food Inflation (%) 5.50 2.6 2.9 2.9 2.9 3
CPI Housing Utilities (points) 104.40 105 106 107 107 110
CPI Transportation (points) 111.20 112 112 112 113 113
Inflation Expectations (%) 3.30 2.2 2.1 2.4 2.4 2.7
Inflation Rate Mom (%) 0.60 0.3 0.5 0.1 0.1 0.5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.75 0.9 0.9 1 1.5 1
Interbank Rate (%) 1.36 1.51 1.51 1.61 2.11 2.11
Money Supply M1 (ILS Million) 711927.00 650000 650000 650000 650000 664000
Foreign Exchange Reserves (USD Million) 199808.00 246090 252900 252900 252900 293833
Deposit Interest Rate (%) 0.35 0.5 0.5 0.6 1.1 1.1

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -5482.90 -3290 -3490 -3490 -3490 -4190
Current Account (USD Million) 5126.70 6000 5900 5900 5900 6000
Current Account to GDP (% of GDP) 4.90 5.2 5.2 5.2 5.2 5.5
Imports (USD Million) 10353.00 8300 8300 8300 8300 9000
Exports (USD Million) 4870.10 4810 4810 4810 4810 4810
Tourist Arrivals (Thousand) 249.20 200 300 300 300 300

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 68.80 80 81 81 81 81
Government Budget (% of GDP) -11.70 -3 -3 -3 -3 -3
Government Budget Value (ILS Million) 1400.00 1100 700 700 700 -2000
Government Spending (ILS Million) 80114.40 82951 84287 86948 85242 92599
Government Spending To GDP (% of GDP) 46.90 43 40 40 40 40

Taxes Actual Q3 Q4 Q1 Q2 2023
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 2023
Business Confidence (points) 26.94 26 25 25 25 25
Industrial Production (%) 9.90 6 6 6 6 12
Industrial Production Mom (%) -0.10 1 2 1.1 1.1 2
Leading Economic Index (%) 0.18 0.2 0.2 0.2 0.2 0.3
Manufacturing PMI (points) 52.60 55 56 56 56 56

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -13.98 3 2 2 2 4
Consumer Spending (ILS Million) 200678.80 202784 205412 214325 213522 228256
Bank Lending Rate (%) 3.01 3.16 3.16 3.26 3.76 3.76
Gasoline Prices (USD/Liter) 2.12 2.2 2.28 2.36 2.44 2.44
Consumer Credit (ILS Billion) 709.21 695 724 755 755 771


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Israel Forecast - was last updated on Sunday, July 3, 2022.