Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3.27 3.28 3.29 3.31 3.32 3.34
Stock Market (points) 1692.91 1666 1634 1603 1572 1511
Government Bond 10Y (%) 1.01 1.11 1.17 1.23 1.29 1.41

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.60 1 1 1 1 1
GDP Annual Growth Rate (%) -0.40 6.3 6.3 4.3 4.3 4.3
GDP Growth Annualized (%) 6.50 3.1 3.1 3.2 3.2 3.2
Unemployment Rate (%) 5.10 5 4.7 4.7 4.5 4.5
Inflation Rate (%) 0.20 0.9 1.2 1.6 1.5 1.5
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25
Balance of Trade (USD Million) -2934.90 -2080 -2080 -1590 -2160 -2160
Current Account (USD Million) 5105.70 1980 1980 2150 2150 2150
Current Account to GDP (%) 4.90 2.5 2.5 2.5 2.5 2.5
Government Debt to GDP (%) 71.10 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Business Confidence (points) 16.00 16 15 20 22 25
Consumer Confidence (points) 7.30 -2 5 8 5 5
Corporate Tax Rate (%) 23.00 24 23 24 24 24
Personal Income Tax Rate (%) 50.00 50 50 50 50 50

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.60 1 1 1 1 1
GDP Annual Growth Rate (%) -0.40 6.3 6.3 4.3 4.3 4.3
GDP Growth Annualized (%) 6.50 3.1 3.1 3.2 3.2 3.2
GDP (USD Billion) 395.10 380 380 380 380 420
GDP Constant Prices (ILS Million) 338618.70 344217 345202 361886 361886 359018
Gross National Product (ILS Million) 354701.30 369170 360195 382264 382264 385044
Gross Fixed Capital Formation (ILS Million) 72989.70 71197 70684 71315 71315 74258
GDP per capita (USD) 35293.40 34185 34185 34185 34185 35766
GDP per capita PPP (USD) 40161.90 39100 39100 39100 39100 40000
GDP From Agriculture (ILS Million) 3632.10 3621 3340 3843 3843 3777
GDP From Construction (ILS Million) 18014.20 19605 18331 19438 19438 20448
GDP From Manufacturing (ILS Million) 43417.60 40133 42491 42856 42856 41859
GDP From Public Administration (ILS Million) 46647.20 47268 49112 52391 52391 49301
GDP From Services (ILS Million) 35983.00 37079 36449 38666 38666 38673
GDP From Transport (ILS Million) 8964.60 11624 10711 12271 12271 12124
GDP From Utilities (ILS Million) 4125.80 4590 4310 6741 6741 4787

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 5.10 5 4.7 4.7 4.5 4.5
Wages (ILS/Month) 12145.30 113000 113000 113000 113000 113000
Wages in Manufacturing (points) 125.00 128 128 128 128 128
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 Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 0.20 0.9 1.2 1.6 1.5 1.5
Consumer Price Index CPI (points) 100.60 101 101 101 102 103
Core Consumer Prices (points) 100.40 104 103 105 105 105
Core Inflation Rate (%) -0.70 2 2 1.7 1.7 1.7
Producer Prices (points) 104.60 91.54 91.54 91.54 91.54 91.52
CPI Housing Utilities (points) 100.90 104 105 105 102 106
CPI Transportation (points) 101.70 96.66 97.76 98.15 103 99.62
Food Inflation (%) -0.10 0.5 0.5 1.5 1.5 1.5
Inflation Expectations (%) 1.30 2.1 2.5 1.9 1.9 1.9
Inflation Rate Mom (%) 0.60 0.3 0.5 0.5 0.3 0.5

Money Actual Q2 Q3 Q4 Q1 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 0.25
Money Supply M1 (ILS Million) 591867.00 578267 580581 582896 585211 592156
Foreign Exchange Reserves (USD Million) 185690.00 197518 210060 222603 235145 272631
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.25

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) -2934.90 -2080 -2080 -1590 -2160 -2160
Current Account (USD Million) 5105.70 1980 1980 2150 2150 2150
Current Account to GDP (%) 4.90 2.5 2.5 2.5 2.5 2.5
Imports (USD Million) 7261.50 6750 6750 6970 6970 6970
Exports (USD Million) 4326.60 4670 4670 4810 4810 4810
Tourist Arrivals (Thousand) 6.70 100 100 150 150 300

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 71.10 80 80 80 80 81
Government Budget (% of GDP) -11.70 -7 -7 -7 -7 -3
Government Budget Value (ILS Million) -11400.00 -13000 -9800 -5500 -5500 -4500
Government Spending (ILS Million) 82254.10 77840 75489 81501 81501 81187
Government Spending To GDP (%) 46.90 43 43 43 43 40

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 23.00 24 23 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 19.6 19.5 19.5 19.5
Social Security Rate For Companies (%) 7.60 7.5 7.6 7.5 7.5 7.5
Social Security Rate For Employees (%) 12.00 12 12 12 12 12

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 16.00 16 15 20 22 25
Industrial Production (%) 2.30 5.5 5.5 4.5 3.3 4.5
Industrial Production Mom (%) -0.50 1.5 1.5 1 1 2
Leading Economic Index (%) 0.40 0.3 0.3 0.3 0.3 0.3
Manufacturing PMI (points) 49.40 54 55 55 55 56

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 7.30 -2 5 8 5 5
Consumer Spending (ILS Million) 175854.20 193943 184116 203502 203502 202282
Bank Lending Rate (%) 3.22 3.22 3.22 3.22 3.22 3.37
Consumer Credit (ILS Billion) 601.44 583 599 602 602 608
Gasoline Prices (USD/Liter) 1.79 1.6 1.52 1.44 1.37 1.3


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.