Israel | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.80 0.9 0.7 0.9 0.7 1.2 percent [+]
Unemployment Rate 4.50 4.8 5 4.8 4.8 5.5 percent [+]
Inflation Rate -0.30 0.1 0.4 0.6 0.7 2.2 percent [+]
Interest Rate 0.10 0.1 0.1 0.1 0.25 1.25 percent [+]
Balance of Trade -1354.00 -1419 -1127 -1464 -1128 -1453 USD Million [+]
Government Debt to GDP 64.80 64.1 64.5 64.5 64.5 65 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 3.81 3.91 3.95 3.99 4.02 4.64 [+]
Stock Market 1258.89 1240 1230 1210 1200 1000 points [+]
Government Bond 10Y 2.22 2.12 2.14 2.16 2.18 2.52 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.80 0.9 0.7 0.9 0.7 1.2 percent [+]
GDP Annual Growth Rate 3.80 4 3.2 3.1 3.3 3.8 percent [+]
GDP Growth Annualized 3.20 2.9 2.7 3.5 2.8 3.6 percent [+]
GDP 296.08 315 317 318 320 333 USD Billion [+]
GDP Constant Prices 269559.80 264000 267000 267000 276767 283000 ILS Million [+]
Gross National Product 305660.50 306015 308314 313670 318429 384997 ILS Million [+]
Gross Fixed Capital Formation 57261.80 56849 57434 57980 58495 64883 ILS Million [+]
GDP per capita 32827.84 33285 33420 33555 33690 35216 USD [+]
GDP per capita PPP 31670.69 32045 32160 32274 32388 33923 USD [+]
GDP From Agriculture 3345.80 3380 3380 3380 2714 3470 ILS Million [+]
GDP From Construction 13006.70 13659 13044 13645 13641 14427 ILS Million [+]
GDP From Manufacturing 31161.70 32019 31717 31513 31544 31620 ILS Million [+]
GDP From Public Administration 37034.00 38445 39403 38923 38449 42718 ILS Million [+]
GDP From Services 12531.70 12271 11995 12372 12194 12281 ILS Million [+]
GDP From Transport 9267.30 8891 8514 9025 9058 9586 ILS Million [+]
GDP From Utilities 3521.10 3550 3627 3585 3809 3638 ILS Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.50 4.8 5 4.8 4.8 5.5 percent [+]
Employed Persons 3760.05 3786 3812 3839 3866 4211 Thousand [+]
Unemployed Persons 200.27 196 196 185 199 190 Thousand [+]
Job Vacancies 99753.91 94827 95677 96211 96505 96818 [+]
Wages 9886.00 9940 9993 10049 10105 10827 ILS/Month [+]
Wages in Manufacturing 108.50 104 102 105 105 105 Index Points [+]
Minimum Wages 4650.00 4650 4650 4650 4650 5300 ILS/Month [+]
Population 8.46 8.6 8.64 8.68 8.71 9.17 Million [+]
Retirement Age Women 62.33 62.33 62.33 62.33 62.33 62.33 [+]
Retirement Age Men 67.33 67.33 67.33 67.33 67.33 67.33 [+]
Labor Force Participation Rate 64.10 64.17 64.22 64.2 64.2 64.2 percent [+]
Employment Rate 60.80 61 60.8 60.8 60.94 61.4 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.30 0.1 0.4 0.6 0.7 2.2 percent [+]
Consumer Price Index CPI 99.30 99.4 99.42 99.42 99.42 99.39 Index Points [+]
Core Consumer Prices 100.60 101 101 101 101 101 Index Points [+]
Core Inflation Rate -0.50 -0.43 -0.54 -0.56 -0.57 -0.58 percent [+]
GDP Deflator 114.19 114 115 115 115 117 Index Points [+]
Producer Prices 90.50 90.54 90.56 90.55 90.55 90.55 Index Points [+]
Export Prices 105.20 106 107 107 104 109 Index Points [+]
Import Prices 89.20 92.47 91.91 91.41 91.35 91.56 Index Points [+]
Food Inflation -2.60 -3.44 -3.65 -3.68 -3.68 -3.68 percent [+]
Cpi Transportation 93.20 92.92 92.97 93.01 93.01 93.01 Index Points [+]
Inflation Rate Mom 0.20 0.15 0.08 0.1 0.08 0.06 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.10 0.1 0.1 0.1 0.25 1.25 percent [+]
Interbank Rate 0.10 0.1 0.09 0.09 0.09 0.09 percent [+]
Money Supply M1 323224.00 338121 359857 382949 407486 909941 ILS Million [+]
Money Supply M2 738121.30 772914 793218 814206 835904 1194296 ILS Million [+]
Money Supply M3 862057.00 946104 966092 986492 1007312 1321012 ILS Million [+]
Foreign Exchange Reserves 97963.00 98714 99495 100425 101389 112185 USD Million [+]
Banks Balance Sheet 1452599.00 1488232 1507603 1526876 1546160 1814093 NIS Million [+]
Deposit Interest Rate 0.50 2.45 2.75 3.05 3.35 2.09 percent [+]
Private Debt to GDP 122.96 122 122 123 123 134 percent [+]
Central Bank Balance Sheet 387152.00 383137 382745 382883 382688 382785 NIS Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -1354.00 -1419 -1127 -1464 -1128 -1453 USD Million [+]
Exports 3358.80 3870 4170 3770 4150 3780 USD Million [+]
Imports 4712.80 5240 5080 5280 5180 5210 USD Million [+]
Current Account 2665.20 3289 3258 3336 3331 3361 USD Million [+]
Current Account to GDP 4.14 4.2 4 4 3.49 3.3 percent [+]
External Debt 90577.20 90855 90757 90765 90735 90731 USD Million [+]
Terms of Trade 117.94 118 118 118 118 118 Index Points [+]
Capital Flows 769.20 913 1460 1579 1774 2017 USD Million [+]
Foreign Direct Investment 15421.30 18400 18400 18400 16395 22100 USD Million [+]
Remittances 1160.90 1177 1172 1182 1172 1177 USD Million [+]
Tourist Arrivals 271.71 251 253 252 253 253 Thousand [+]
Terrorism Index 5.25 5.68 5.8 5.92 6.04 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 64.80 64.1 64.5 64.5 64.5 65 percent [+]
Government Budget -2.15 -2.8 -2.7 -2.7 -2.12 -2.6 percent of GDP [+]
Government Budget Value -2000.00 -4214 860 -3486 1173 -3254 ILS Million [+]
Government Spending 60599.20 60978 61337 61759 62175 67389 ILS Million [+]
Government Revenues 25600.00 26272 26880 26687 26749 26736 ILS Million [+]
Fiscal Expenditure 27400.00 28917 28345 28159 28099 28073 ILS Million [+]
Military Expenditure 17511.90 17704 17771 17838 17805 17091 USD Million [+]
Government Spending To Gdp 41.20 41.23 41.22 41.21 41.25 41.27 percent [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 18.30 17.8 17.5 17 16.5 20.4 [+]
Industrial Production 24.60 8.61 9.61 7.13 -7.46 5.63 percent [+]
Industrial Production Mom -0.40 0.61 3.9 3.9 0.3 0.7 percent [+]
Changes in Inventories -209.90 660 551 625 643 667 ILS Million [+]
Leading Economic Index 0.10 0.15 0.2 0.1 0.2 0.2 percent [+]
Manufacturing Pmi 51.10 52.23 52.09 52.02 51.98 51.9 [+]
Manufacturing Production 23.20 5.18 4.49 4.45 4.14 3.79 percent [+]
Mining Production 32.50 26.81 25.68 26.74 26.27 26.44 percent [+]
Ease of Doing Business 52.00 46.44 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 58.91 58.87 58.83 58.78 57.53 Points [+]
Corruption Rank 32.00 33 32 31 31 28 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -12.20 -9.3 -8.5 -9.4 -8 -15 [+]
Consumer Spending 159329.50 160032 162518 164797 167190 194192 ILS Million [+]
Private Sector Credit 867654.00 876666 884479 891808 898802 966639 ILS Million [+]
Bank Lending Rate 3.41 3.4 3.4 3.4 3.4 3.4 percent [+]
Retail Sales Mom -1.40 0.14 -0.36 -0.36 -0.31 -0.3 percent [+]
Retail Sales Yoy 0.40 3.17 2 2.21 2.21 2.24 percent [+]
Economic Optimism Index 116.40 117 118 119 120 131 Index Points [+]
Consumer Credit 481.41 494 503 512 521 636 ILS Billion [+]
Gasoline Prices 1.55 1.53 1.53 1.53 1.53 1.53 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 400.50 407 411 413 414 415 Index points [+]
Building Permits 595.00 828 823 824 824 824 [+]
Housing Starts 12163.00 11886 11798 11734 11705 11737 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/4/2016