Israel | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.60 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 0.40 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 -702.90 -789 -1013 -646 -997 -992 USD Million [+]
Government Debt to GDP 61.90 64.5 64.5 64.5 64.5 65 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.62 3.69 3.72 3.76 3.83 4.38 [+]
Stock Market 1257.02 1270 1250 1240 1220 1020 points [+]
Government Bond 10Y 2.17 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 1.60 0.7 0.9 0.7 0.8 1.2 percent [+]
GDP Annual Growth Rate 4.80 3.6 3.4 3.1 2.9 4.1 percent [+]
GDP Growth Annualized 6.50 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 58599.71 59336 60035 60536 60907 62146 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 89104.00 91404 90791 90607 90540 90507 [+]
Wages 9872.70 9986 10040 10096 10152 10832 ILS/Month [+]
Wages in Manufacturing 113.70 110 110 110 110 110 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 64.1 64.08 64.08 64.08 64.08 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 0.40 0.4 0.6 0.7 0.9 2.2 percent [+]
Consumer Price Index CPI 99.80 99.8 99.79 99.79 99.78 99.7 Index Points [+]
Core Consumer Prices 99.50 99.42 99.38 99.26 99.35 99.35 Index Points [+]
Core Inflation Rate 0.10 0.17 0.22 0.25 0.28 0.3 percent [+]
GDP Deflator 112.66 113 114 114 113 113 Index Points [+]
Producer Prices 91.70 91.62 91.53 91.54 91.54 91.54 Index Points [+]
Export Prices 101.70 107 107 102 107 109 Index Points [+]
Import Prices 90.20 89.67 89.59 89.58 89.74 89.7 Index Points [+]
Food Inflation 0.20 1.35 1.82 1.87 1.89 1.89 percent [+]
Cpi Transportation 98.50 98.67 98.76 98.49 98.49 98.51 Index Points [+]
Inflation Expectations 0.00 0.06 0.09 0.09 0.09 0.09 percent [+]
Inflation Rate Mom 0.00 0.17 -0.01 0 -0.03 -0.02 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 334843.00 338333 348782 358361 367227 434742 ILS Million [+]
Money Supply M2 761159.00 769342 786328 801978 817256 994304 ILS Million [+]
Money Supply M3 862057.00 966148 986311 1006846 1027769 1313876 ILS Million [+]
Foreign Exchange Reserves 102028.00 102792 105263 107058 108602 124570 USD Million [+]
Banks Balance Sheet 1484841.00 1501716 1514992 1527453 1539728 1686371 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 400344 401099 401164 401236 401230 NIS Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -702.90 -789 -1013 -646 -997 -992 USD Million [+]
Exports 4393.00 4876 4444 4820 4434 4440 USD Million [+]
Imports 5096.00 5526 5455 5351 5407 5390 USD Million [+]
Current Account 3257.00 3105 2955 2684 3050 2937 USD Million [+]
Current Account to GDP 4.14 4 4 3.64 4 3.3 percent [+]
External Debt 91079.80 90963 90990 91007 91005 91014 USD Million [+]
Terms of Trade 112.75 115 114 114 114 114 Index Points [+]
Capital Flows 3347.80 3932 3888 3490 3549 3277 USD Million [+]
Foreign Direct Investment 10647.10 18400 18400 10562 19400 22100 USD Million [+]
Remittances 1324.10 1296 1292 1329 1301 1310 USD Million [+]
Tourist Arrivals 233.70 249 246 248 247 247 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 61.90 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 -2900.00 -7042 -9126 -2477 -6952 -6316 ILS Million [+]
Government Spending 60986.12 61342 61752 62163 62575 67384 ILS Million [+]
Government Revenues 23926.00 27939 26573 26980 26914 26934 ILS Million [+]
Fiscal Expenditure 26712.00 35687 32183 30993 30591 30405 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 21.30 17.5 17 16.5 15.9 20.4 [+]
Industrial Production 10.40 3.6 3.32 3.42 3.42 3.41 percent [+]
Industrial Production Mom 0.90 3.9 3.9 0.31 -0.1 0.7 percent [+]
Changes in Inventories 1692.30 499 676 690 737 710 ILS Million [+]
Leading Economic Index 0.31 0.2 0.1 0.2 0.3 0.2 percent [+]
Manufacturing Pmi 61.20 60.97 61.65 61.66 61.66 61.66 [+]
Manufacturing Production 8.40 1.81 2.24 2.39 2.43 2.45 percent [+]
Mining Production 30.80 27 34.52 31.02 32.94 32.22 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 -16.20 -8.5 -9.4 -8 -7.4 -15 [+]
Consumer Spending 161249.49 162570 163879 165185 166488 182038 ILS Million [+]
Private Sector Credit 865637.00 869110 872952 876605 880062 908700 ILS Million [+]
Bank Lending Rate 3.47 3.46 3.46 3.46 3.46 3.46 percent [+]
Retail Sales Mom -0.10 -0.3 0.19 0.34 0.26 0.23 percent [+]
Retail Sales Yoy 3.20 2.19 2.68 2.66 2.66 2.64 percent [+]
Economic Optimism Index 120.70 122 124 127 121 131 Index Points [+]
Consumer Credit 489.62 498 506 515 523 619 ILS Billion [+]
Gasoline Prices 1.64 1.65 1.66 1.66 1.66 1.66 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 404.40 413 418 424 430 489 Index points [+]
Building Permits 595.00 823 824 824 824 824 [+]
Housing Starts 12791.00 12513 12336 12188 12100 12145 [+]
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. 3/29/2017