Economy of Israel. Statistics, Data and Indicators
Israel
| 76A+ | Credit rank #35 |
| 152.25 | Quality of life #29 |
| 31 | Corruption rank#33 |
| 35 | Ease of doing business#49 |
Israel Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 522 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.11 % | 2Q/23 |
| GDP Growth Rate | 0.78 % | 2Q/23 |
| GDP per capita | 42594 USD | 2022 |
| Inflation Rate YoY | 4.1 % | Aug/23 |
| Interest Rate | 4.75 % | Sep/23 |
| Unemployment Rate | 3.1 % | Aug/23 |
| Wages | 12804 ILS/Month | 3237.175 USD/Month | Jun/23 |
| Balance of Trade | -2788 USD Million | -2.788 B USD | Aug/23 |
| Current Account | 4163 USD Million | 4.163 B USD | 2Q/23 |
| Foreign Exchange Reserves | 198555 USD Million | 198.555 B USD | Sep/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 522 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.11 % | 2Q/23 |
| GDP Growth Rate | 0.78 % | 2Q/23 |
| GDP per capita | 42594 USD | 2022 |
| Gross National Product | 459924 ILS Million | 116.28 USD Billion | 2Q/23 |
| GDP Constant Prices | 409668 ILS Million | 103.574 B USD | 2Q/23 |
| GDP per capita PPP | 44272 USD | 2022 |
| GDP From Agriculture | 4706 ILS Million | 1.19 B USD | 4Q/22 |
| GDP From Construction | 22012 ILS Million | 5.565 B USD | 4Q/22 |
| GDP From Manufacturing | 44043 ILS Million | 12.454 B USD | 1Q/22 |
| GDP From Public Administration | 56438 ILS Million | 14.269 B USD | 2Q/23 |
| GDP From Services | 36065 ILS Million | 10.198 B USD | 1Q/21 |
| GDP From Transport | 12247 ILS Million | 3.096 B USD | 4Q/22 |
| GDP From Utilities | 5446 ILS Million | 1.377 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 60.9 % | 2022 |
| Government Budget Value | -5747 ILS Million | -1.453 USD Billion | Aug/23 |
| Government Spending | 82348 ILS Million | 20.82 USD Billion | 2Q/23 |
| Government Revenues | 33804 ILS Million | 8.547 USD Billion | Aug/23 |
| Fiscal Expenditure | 39536 ILS Million | 9.996 B USD | Aug/23 |
| Government Budget to GDP | 0.6 % | 2022 |
| Government Spending to GDP | 39.1 % | 2022 |
| Military Expenditure | 23406 USD Million | 23.406 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 105 index points | Aug/23 |
| Export Prices | 113 index points | 2Q/23 |
| Food Inflation | 4.5 % | Aug/23 |
| Gasoline Prices | 1.81 USD/Liter | Sep/23 |
| GDP Deflator | 115 index points | 2Q/23 |
| Import Prices | 119 index points | 2Q/23 |
| Inflation Rate YoY | 4.1 % | Aug/23 |
| Producer Prices | 123 index points | Aug/23 |
| Inflation Rate Mom | 0.5 % | Aug/23 |
| Core Consumer Prices | 105 Index Points | Aug/23 |
| Core Inflation Rate | 4.01 % | Aug/23 |
| CPI Housing Utilities | 107 Index Points | Aug/23 |
| CPI Transportation | 110 Index Points | Aug/23 |
| Inflation Expectations | 2.7 % | Sep/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.5 % | 2022 |
| Weapons Sales | 831 USD Million | 2022 |
| Balance of Trade | -2788 USD Million | -2.788 USD Billion | Aug/23 |
| Capital Flows | 296 USD Million | 0.296 USD Billion | 2Q/23 |
| Current Account | 4163 USD Million | 4.163 USD Billion | 2Q/23 |
| Exports | 5253 USD Million | 5.253 USD Billion | Aug/23 |
| External Debt | 156287 USD Million | 156.287 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 198555 USD Million | 198.555 USD Billion | Sep/23 |
| Imports | 8041 USD Million | 8.041 USD Billion | Aug/23 |
| Terms of Trade | 95.37 Index Points | 2Q/23 |
| Tourist Arrivals | 304 Thousand Persons | 0.304 Million Persons | Sep/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 5.88 % | Feb/23 |
| Interbank Rate | 4.87 % | Oct/23 |
| Interest Rate | 4.75 % | Sep/23 |
| Loans to Private Sector | 607.34 ILS Billion | 170.33 USD Billion | May/18 |
| Money Supply M1 | 494803 ILS Million | 125.099 USD Billion | Aug/23 |
| Money Supply M2 | 1274810 ILS Million | 322.304 USD Billion | Jul/23 |
| Money Supply M3 | 1794211 ILS Million | 453.622 B USD | Jul/23 |
| Central Bank Balance Sheet | 892896 NIS Million | 225.747 B USD | Jul/23 |
| Deposit Interest Rate | 4.86 % | 2023 |
| Foreign Direct Investment | 129826 USD Million | 129.826 B USD | 2Q/23 |
| Private Sector Credit | 1444354 ILS Million | 365.169 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 5572 ILS/Month | 1408.743 USD/Month | 2023 |
| Retirement Age Men | 67 | 2022 |
| Retirement Age Women | 62 | 2022 |
| Unemployment Rate | 3.1 % | Aug/23 |
| Wages | 12804 ILS/Month | 3237.175 USD/Month | Jun/23 |
| Employed Persons | 4358 Thousand Person | 4.358 Million Person | 2Q/23 |
| Employment Rate | 61.6 % | Aug/23 |
| Job Vacancies | 123417 | 123.417 K | Aug/23 |
| Labor Force Participation Rate | 63.6 % | Aug/23 |
| Unemployed Persons | 141 Thousand Persons | 0.141 Million Persons | 2Q/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 23 % | 2023 |
| Personal Income Tax Rate | 50 % | 2023 |
| Sales Tax Rate | 17 % | 2023 |
| Social Security Rate | 19.6 % | 2022 |
| Social Security Rate For Companies | 7.6 % | 2023 |
| Social Security Rate For Employees | 12 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 4 BBL/D/1K | Jan/23 |
| Industrial Production | 8.12 % | Jul/23 |
| Mining Production | 21.38 % | Jul/23 |
| Industrial Production (MoM) | 1.33 % | Jul/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 23.23 index points | Sep/23 |
| Corruption Index | 63 index points | 2022 |
| Corruption Rank | 31 place | 2022 |
| Ease of Doing Business | 35 place | 2019 |
| Manufacturing PMI | 48.1 index points | Aug/23 |
| Manufacturing Production | 4.29 % | Jul/23 |
| Competitiveness Index | 76.74 Index Points | 2019 |
| Competitiveness Rank | 20 | 2019 |
| Economic Optimism Index | 148 Index Points | Jul/23 |
| Leading Economic Index | 0.07 % | Aug/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -20.65 index points | Aug/23 |
| Private Debt To GDP | 124 % | 2016 |
| Retail Sales MoM | 0.09 % | Jul/23 |
| Retail Sales YoY | 2.35 % | Jul/23 |
| Consumer Credit | 776 ILS Billion | 196.192 USD Billion | Jun/23 |
| Consumer Spending | 207450 ILS Million | 52.449 USD Billion | 2Q/23 |
| Households Debt To GDP | 43.4 % | 1Q/23 |
