Israel | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 0.7 0.9 0.7 0.8 1.2 percent [+]
Unemployment Rate 4.30 5 4.8 4.8 5.1 5.5 percent [+]
Inflation Rate 0.10 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 -705.40 -821 -1162 -785 -1153 -1147 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 3.66 3.69 3.72 3.76 3.83 4.38 [+]
Stock Market 1284.33 1270 1250 1240 1220 1020 points [+]
Government Bond 10Y 2.33 2.35 2.38 2.4 2.42 2.8 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.50 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 6.20 2.7 3.5 2.8 3 3.6 percent [+]
GDP 299.40 309 311 313 315 333 USD Billion [+]
GDP Constant Prices 274506.70 267000 267000 282771 269000 283000 ILS Million [+]
Gross National Product 310158.40 310629 314035 319109 323534 365052 ILS Million [+]
Gross Fixed Capital Formation 58308.70 59006 59668 60133 60480 61625 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 37168.80 38910 38822 38032 38338 41273 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 4.30 5 4.8 4.8 5.1 5.5 percent [+]
Employed Persons 3765.90 3812 3839 3866 3893 4211 Thousand [+]
Unemployed Persons 181.61 196 185 199 191 190 Thousand [+]
Job Vacancies 93403.66 92761 92381 92250 92197 92160 [+]
Wages 9958.50 10026 10083 10138 10195 10871 ILS/Month [+]
Wages in Manufacturing 106.80 107 107 107 107 107 Index Points [+]
Minimum Wages 5000.00 4899 4899 4899 4899 5300 ILS/Month [+]
Population 8.63 8.48 8.52 8.56 8.6 9.17 Million [+]
Retirement Age Women 63.00 63 63 63 63 64 [+]
Retirement Age Men 68.00 68 68 68 68 69 [+]
Labor Force Participation Rate 64.10 64.07 64.03 64.04 64.03 64.04 percent [+]
Employment Rate 61.20 60.8 60.8 61.17 61.1 61.4 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.10 0.4 0.6 0.7 0.9 2.2 percent [+]
Consumer Price Index CPI 99.80 100 101 101 101 102 Index Points [+]
Core Consumer Prices 99.50 99.1 98.99 98.84 98.92 98.92 Index Points [+]
Core Inflation Rate -0.20 -0.27 -0.23 -0.22 -0.22 -0.22 percent [+]
GDP Deflator 112.66 113 114 114 113 113 Index Points [+]
Producer Prices 91.80 92.59 92.6 92.61 92.61 92.61 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 -1.10 -0.79 -0.73 -0.75 -0.75 -0.75 percent [+]
Cpi Transportation 99.10 102 103 102 102 102 Index Points [+]
Inflation Rate Mom -0.20 -0.04 -0.1 -0.13 -0.16 -0.17 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 0.09 0.09 0.09 0.09 percent [+]
Money Supply M1 333108.00 338539 349009 358522 367309 434460 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 101608.00 102633 105038 106799 108321 124086 USD Million [+]
Banks Balance Sheet 1464829.00 1477495 1486233 1493668 1500084 1534286 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 397817.00 400399 401178 401225 401307 401297 NIS Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -705.40 -821 -1162 -785 -1153 -1147 USD Million [+]
Exports 4722.00 4895 4471 4846 4464 4469 USD Million [+]
Imports 5427.40 5638 5652 5670 5655 5660 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 209.90 240 243 242 243 242 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 -2.14 -2.7 -2.6 percent of GDP [+]
Government Budget Value 4200.00 -7253 -10045 -3464 -8224 -7645 ILS Million [+]
Government Spending 60780.40 61145 61555 61956 62349 66997 ILS Million [+]
Government Revenues 28900.00 27647 27366 27478 27460 27464 ILS Million [+]
Fiscal Expenditure 24500.00 35805 32204 30978 30559 30362 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 19.80 17.5 17 16.5 15.9 20.4 [+]
Industrial Production -2.20 0.36 1.55 2.32 2.78 3.43 percent [+]
Industrial Production Mom -0.40 3.9 3.9 0.29 -0.1 0.7 percent [+]
Changes in Inventories 1692.30 499 676 690 737 710 ILS Million [+]
Leading Economic Index 0.23 0.2 0.1 0.2 0.3 0.2 percent [+]
Manufacturing Pmi 62.60 61.83 62.47 62.46 62.46 62.46 [+]
Manufacturing Production -2.30 1.37 1.63 1.9 2.04 2.16 percent [+]
Mining Production 30.90 27.53 29.93 27.91 29.1 28.68 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 64.00 62 63 64 65 63 Points [+]
Corruption Rank 28.00 30.98 29.87 28.75 27.64 11.1 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -13.80 -8.5 -9.4 -8 -7.4 -15 [+]
Consumer Spending 161185.20 162498 163799 165097 166394 181868 ILS Million [+]
Private Sector Credit 865637.00 869110 872952 876605 880062 908700 ILS Million [+]
Bank Lending Rate 3.48 3.47 3.47 3.47 3.47 3.47 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 119.90 122 125 127 121 131 Index Points [+]
Consumer Credit 488.87 500 508 517 525 625 ILS Billion [+]
Gasoline Prices 1.58 1.58 1.59 1.58 1.58 1.58 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 399.80 395 392 391 391 390 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. 3/1/2017