Israel | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 0.7 0.9 0.7 0.8 1.2 percent [+]
Unemployment Rate 4.60 5 4.8 4.8 5.1 5.5 percent [+]
Inflation Rate -0.20 0.4 0.6 0.7 0.9 2.2 percent [+]
Interest Rate 0.10 0.1 0.1 0.1 0.25 1.25 percent [+]
Balance of Trade -1442.80 -887 -1230 -875 -1227 -1221 USD Million [+]
Government Debt to GDP 64.80 64.5 64.5 64.5 64.5 65 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.80 3.93 3.97 4 4.04 4.62 [+]
Stock Market 1248.09 1260 1250 1240 1220 1030 points [+]
Government Bond 10Y 2.37 2.17 2.19 2.22 2.01 2.56 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 0.7 0.9 0.7 0.8 1.2 percent [+]
GDP Annual Growth Rate 3.80 3.2 3.1 3.3 3.8 3.8 percent [+]
GDP Growth Annualized 3.60 2.7 3.5 2.8 3 3.6 percent [+]
GDP 299.40 309 311 313 315 333 USD Billion [+]
GDP Constant Prices 269559.80 267000 267000 276767 269000 283000 ILS Million [+]
Gross National Product 305660.50 308314 313670 318429 323361 384997 ILS Million [+]
Gross Fixed Capital Formation 57261.80 57433 57979 58493 58986 64864 ILS Million [+]
GDP per capita 33116.80 33156 33199 33242 33285 35216 USD [+]
GDP per capita PPP 31969.54 31730 31835 31940 32045 33923 USD [+]
GDP From Agriculture 2935.90 3380 3380 2714 3430 3470 ILS Million [+]
GDP From Construction 14008.60 13044 13645 13641 14069 14427 ILS Million [+]
GDP From Manufacturing 32115.60 31717 31513 31544 31696 31620 ILS Million [+]
GDP From Public Administration 37034.00 39403 38923 38449 39547 42718 ILS Million [+]
GDP From Services 12608.30 11995 12372 12194 12257 12281 ILS Million [+]
GDP From Transport 9653.60 8514 9025 9058 9090 9586 ILS Million [+]
GDP From Utilities 4380.30 3627 3585 3809 3595 3638 ILS Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.60 5 4.8 4.8 5.1 5.5 percent [+]
Employed Persons 3760.05 3812 3839 3866 3893 4211 Thousand [+]
Unemployed Persons 200.27 196 185 199 191 190 Thousand [+]
Job Vacancies 94324.50 91902 92341 92627 92797 93028 [+]
Wages 9979.00 9958 10014 10070 10126 10797 ILS/Month [+]
Wages in Manufacturing 106.00 104 102 105 105 105 Index Points [+]
Minimum Wages 4650.00 4650 4650 4650 4650 5300 ILS/Month [+]
Population 8.46 8.48 8.52 8.56 8.6 9.17 Million [+]
Retirement Age Women 62.66 63 63 63 63 64 [+]
Retirement Age Men 67.66 68 68 68 68 69 [+]
Labor Force Participation Rate 64.20 64.17 64.15 64.16 64.16 64.16 percent [+]
Employment Rate 61.20 60.8 60.8 61.12 61.1 61.4 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -0.20 0.4 0.6 0.7 0.9 2.2 percent [+]
Consumer Price Index CPI 98.90 99.42 99.42 99.42 99.41 99.39 Index Points [+]
Core Consumer Prices 100.20 99.68 99.68 99.6 99.66 99.65 Index Points [+]
Core Inflation Rate -0.20 -0.46 -0.48 -0.48 -0.48 -0.48 percent [+]
GDP Deflator 114.19 115 115 115 115 117 Index Points [+]
Producer Prices 90.50 91.22 91.21 91.21 91.21 91.21 Index Points [+]
Export Prices 101.70 107 107 101 107 109 Index Points [+]
Import Prices 90.20 89.31 89.22 89.26 89.44 89.39 Index Points [+]
Food Inflation -1.70 -3.21 -3.22 -3.22 -3.22 -3.22 percent [+]
Cpi Transportation 92.50 92.39 92.46 92.48 92.47 92.47 Index Points [+]
Inflation Rate Mom 0.00 -0.02 -0.06 -0.07 -0.09 -0.1 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.10 0.1 0.1 0.1 0.25 1.25 percent [+]
Interbank Rate 0.10 0.1 0.1 0.09 0.09 0.09 percent [+]
Money Supply M1 326262.00 355802 376893 399226 422875 843043 ILS Million [+]
Money Supply M2 740616.90 776682 794507 812782 831519 1096883 ILS Million [+]
Money Supply M3 862057.00 966148 986311 1006846 1027769 1313876 ILS Million [+]
Foreign Exchange Reserves 98361.00 99015 99872 100774 101671 110688 USD Million [+]
Banks Balance Sheet 1464040.00 1481477 1491127 1499427 1506649 1546502 NIS Million [+]
Deposit Interest Rate 0.50 0.58 1.2 1.82 2.45 2.09 percent [+]
Private Debt to GDP 122.96 122 122 123 123 134 percent [+]
Central Bank Balance Sheet 398793.00 401182 401994 402057 402139 402131 NIS Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -1442.80 -887 -1230 -875 -1227 -1221 USD Million [+]
Exports 4716.90 4344 3943 4336 3943 3949 USD Million [+]
Imports 6159.70 5037 5193 5122 5149 5142 USD Million [+]
Current Account 2760.00 3289 3258 3336 3331 3361 USD Million [+]
Current Account to GDP 4.14 4 4 3.64 4 3.3 percent [+]
External Debt 90698.40 90340 90219 90150 90110 90110 USD Million [+]
Terms of Trade 112.75 116 116 115 115 115 Index Points [+]
Capital Flows 4241.90 3591 3406 3110 3330 3086 USD Million [+]
Foreign Direct Investment 8556.30 18400 18400 7581 19400 22100 USD Million [+]
Remittances 1264.40 1293 1290 1326 1299 1307 USD Million [+]
Tourist Arrivals 248.60 258 263 261 262 261 Thousand [+]
Terrorism Index 5.25 5.63 5.65 5.66 5.68 6.18 [+]
Weapons Sales 710.00 555 596 637 633 555 USD Million [+]
Crude Oil Production 0.40 0.4 0.4 0.4 0.4 0.4 BBL/D/1K [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 64.80 64.5 64.5 64.5 64.5 65 percent [+]
Government Budget -2.15 -2.7 -2.7 -2.32 -2.7 -2.6 percent of GDP [+]
Government Budget Value -18135.00 506 -3825 771 -3691 -3612 ILS Million [+]
Government Spending 60599.20 61337 61759 62175 62584 67389 ILS Million [+]
Government Revenues 28339.00 26822 26689 26738 26727 26730 ILS Million [+]
Fiscal Expenditure 46114.00 28480 28145 28029 27991 27973 ILS Million [+]
Military Expenditure 17511.90 17704 17771 17838 17805 17091 USD Million [+]
Government Spending To Gdp 40.80 40.96 40.93 40.91 40.88 40.82 percent [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 19.40 17.5 17 16.5 15.9 20.4 [+]
Industrial Production 0.30 6.2 3.17 -14.46 -2.71 1.44 percent [+]
Industrial Production Mom 5.30 3.9 3.9 0.29 -0.1 0.7 percent [+]
Changes in Inventories -209.90 551 625 643 664 667 ILS Million [+]
Leading Economic Index 0.34 0.2 0.1 0.2 0.3 0.2 percent [+]
Manufacturing Pmi 67.20 53.83 53.84 53.84 53.84 53.84 [+]
Manufacturing Production -19.10 4.93 4.13 4.1 2.82 3.52 percent [+]
Mining Production -1.70 10.62 3.15 5.32 4.24 4.68 percent [+]
Ease of Doing Business 52.00 46.85 47.26 47.67 48.07 44.14 [+]
Competitiveness Index 5.18 5.04 5.04 5.04 5.04 5.42 Points [+]
Competitiveness Rank 24.00 27.43 27.43 27.57 27.62 20.86 [+]
Corruption Index 61.00 59.68 59.43 59.17 58.91 57.53 Points [+]
Corruption Rank 32.00 30.98 29.87 28.75 27.64 11.1 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -12.50 -8.5 -9.4 -8 -7.4 -15 [+]
Consumer Spending 159329.50 162570 164867 167268 169864 194868 ILS Million [+]
Private Sector Credit 864924.00 878445 884409 890207 895756 945120 ILS Million [+]
Bank Lending Rate 3.44 3.4 3.4 3.4 3.4 3.4 percent [+]
Retail Sales Mom 2.70 -0.16 0.1 0.22 0.19 0.17 percent [+]
Retail Sales Yoy 2.20 1.71 1.84 1.85 1.88 1.88 percent [+]
Economic Optimism Index 117.90 119 120 121 121 131 Index Points [+]
Consumer Credit 485.18 500 508 517 525 625 ILS Billion [+]
Gasoline Prices 1.56 1.55 1.55 1.55 1.55 1.55 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 404.80 412 414 415 415 415 Index points [+]
Building Permits 595.00 823 824 824 824 824 [+]
Housing Starts 12777.00 12238 12082 11986 11954 12048 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 50.00 50 50 50 50 50 percent [+]
Sales Tax Rate 17.00 17 17 17 17 17 percent [+]
Social Security Rate 19.50 19.5 19.5 19.5 19.5 19.5 percent [+]
Social Security Rate For Companies 7.50 7.5 7.5 7.5 7.5 7.5 percent [+]
Social Security Rate For Employees 12.00 12 12 12 12 12 percent [+]





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. 1/21/2017