Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3.55 3.58 3.6 3.61 3.63 3.66
Stock Market (points) 1486.43 1469 1454 1438 1423 1392
Government Bond 10Y (%) 1.44 1.64 1.67 1.71 1.75 1.82
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.20 1.1 1.1 0.9 0.9 1.2
GDP Annual Growth Rate (%) 3.20 3.5 3.2 3.4 3.6 3.5
GDP Growth Annualized (%) 5.00 3.8 3.2 3.2 3.2 3.6
Unemployment Rate (%) 3.60 3.6 3.5 3.5 3.6 3.8
Inflation Rate (%) 0.80 1.3 1.3 1.4 1.5 1.6
Interest Rate (%) 0.25 0.5 0.5 0.75 0.75 1
Balance of Trade (USD Million) -2175.70 -2250 -1500 -1500 -1500 -1590
Current Account (USD Million) 2607.00 3200 3400 1510 2150 1980
Current Account to GDP (%) 1.90 1.9 1.9 1.5 1.5 1.5
Government Debt to GDP (%) 61.00 64 64 62 62 62
Government Budget (% of GDP) -1.90 -3.7 -3.7 -3.6 -3.6 -3.6
Business Confidence (Index Points) 26.35 26.5 26 22 22 24.5
Consumer Confidence (Index Points) -14.00 -12 -14 -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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.20 1.1 1.1 0.9 0.9 1.2
GDP Annual Growth Rate (%) 3.20 3.5 3.2 3.4 3.6 3.5
GDP Growth Annualized (%) 5.00 3.8 3.2 3.2 3.2 3.6
GDP (USD Billion) 369.69 375 375 386 386 386
GDP Constant Prices (ILS Million) 332647.30 336625 338152 338807 338807 349987
Gross National Product (ILS Million) 347077.10 344797 357192 357885 357885 369694
Gross Fixed Capital Formation (ILS Million) 67924.70 66283 66638 66767 66767 68970
GDP per capita (USD) 34788.70 35023 35023 35304 35304 35304
GDP per capita PPP (USD) 33661.00 33900 33900 34000 34000 34000
GDP From Agriculture (ILS Million) 3553.10 3602 3591 3598 3598 3717
GDP From Construction (ILS Million) 19135.80 18216 18163 18198 18198 18799
GDP From Manufacturing (ILS Million) 40980.60 40162 40046 40123 40123 41447
GDP From Public Administration (ILS Million) 48505.70 46033 48955 49050 49050 50668
GDP From Services (ILS Million) 34216.10 36235 36130 36200 36200 37395
GDP From Transport (ILS Million) 11280.30 11500 11466 11489 11489 11868
GDP From Utilities (ILS Million) 4926.40 6317 6299 6311 6311 6519
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.60 3.6 3.5 3.5 3.6 3.8
Wages (ILS/Month) 10749.60 10722 109000 109000 109000 113000
Wages in Manufacturing (Index Points) 120.80 115 124 124 124 128
Minimum Wages (ILS/Month) 5300.00 5300 5300 5500 5500 5500
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.80 1.3 1.3 1.4 1.5 1.6
Consumer Price Index CPI (Index Points) 101.10 102 102 102 102 103
Core Consumer Prices (Index Points) 101.20 102 102 102 102 104
Producer Prices (Index Points) 94.50 91.54 91.54 91.54 91.54 91.52
Inflation Expectations (%) 1.30 1.2 1.4 1.4 1.5 1.7
Inflation Rate Mom (%) -0.60 0.1 -0.2 0.3 0.1 0.1
Food Inflation (%) 3.60 1.2 1.2 1.2 1.2 2.6
CPI Housing Utilities (Index Points) 101.70 102 103 102 102 104
CPI Transportation (Index Points) 101.50 102 99.58 99.68 99.68 101
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.25 0.5 0.5 0.75 0.75 1
Interbank Rate (%) 0.26 0.26 0.26 0.51 0.51 0.76
Foreign Exchange Reserves (USD Million) 120108.00 108945 108425 108425 108425 108218
Deposit Interest Rate (%) 0.52 0.52 0.52 0.77 0.77 1.02
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) -2175.70 -2250 -1500 -1500 -1500 -1590
Current Account (USD Million) 2607.00 3200 3400 1510 2150 1980
Current Account to GDP (%) 1.90 1.9 1.9 1.5 1.5 1.5
Imports (USD Million) 6151.20 4910 6420 7250 6740 6750
Exports (USD Million) 3975.50 3820 4480 5590 4780 4670
Tourist Arrivals (Thousand) 365.10 330 340 400 400 380
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 61.00 64 64 62 62 62
Government Budget (% of GDP) -1.90 -3.7 -3.7 -3.6 -3.6 -3.6
Government Spending (ILS Million) 73884.80 76251 76156 76303 76303 78821
Government Spending To GDP (%) 39.50 39.3 39.3 39 39 39
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 26.35 26.5 26 22 22 24.5
Industrial Production (%) 4.30 2.7 3.8 3.8 3.8 4.5
Industrial Production Mom (%) 1.40 1.4 1.5 1.5 1.5 1.6
Leading Economic Index (%) 0.13 0.4 0.4 0.4 0.4 0.3
Manufacturing Pmi 50.40 52.7 53.2 52.9 53.6 53.7
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -14.00 -12 -14 -11 -11 -16
Consumer Spending (ILS Million) 188233.20 188063 190155 190524 190524 196811
Bank Lending Rate (%) 3.55 3.59 3.59 3.84 3.84 4.09
Gasoline Prices (USD/Liter) 1.78 1.59 1.55 1.52 1.6 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.