top of page
Azrieli Towers

Currency

₪

Israeli new shekel (ILS; ₪)

Fiscal year

Calendar year

Trade organisations

AIIB, EBRD, IADB, ICC, IMF, OECD, WTO and others

Country group

Developed/Advanced
High-income economy

Image by Taylor Brandon

Statistics

Population
 9,815,600

Labour force (2022)

  • 4,470.3 (in thousands) 

  • Employment rate: 60.9% (above age 15) 78.6% (above age 25) 

Unemployment
(2022)

  • 3.1% (15 and above) 

  • 136,600 (in thousands, 15 and above)

GDP

  • 524,713.96$ million 2022 yearly

  • 127,278.08$ million 2023 Q1

  • 126,585.25$ million 2023 Q2

  • 127,764.70$ million 2023 Q3

GDP growth

  • 6.4% 2022 yearly

  • 3.2% 2023 Q1

  • 3.1% 2023 Q2

  • 2.8% 2023 Q3

GDP per capita

  • 54,938.13$ 2022 yearly

  • 13,137.03$ 2023 Q1

  • 13,003.78$ 2023 Q2

  • 13,063.75$ 2023 Q3

GDP by sector As Percentage

(2022)

  • Business Sector 73.75%  

    • Information and Communication 13.17%

    • Industry 11.96%

    • Professional & Scientific Services 7.13%

    • Retail and wholesale trade 9.33% 

    • Financial Services 5.67%

    • Construction 6.15%

    • Agriculture 1.3%

  • Public Sector 16.04%

  • Housing Services 10.20%

Inflation (CPI)

  • 5.3% 2022 yearly

  • 3.7% Jan – Oct 2023

Human Development Index

  • 0.919 very high (2021) from undp 

Average gross salary

  • Aug 2023 - 3,436$ monthly

Main industries

High-technology goods and services (including aviation, communications, telecommunications equipment, computer hardware and software, aerospace and defense contracting, medical devices, fiber optics, scientific instruments), pharmaceuticals, potash and phosphates, metallurgy, chemical products, plastics, diamond cutting, financial services, petroleum refining, textiles[

External

Exports

  • 166,483.24$ million 2022 yearly

  • 38,990.23$ million 2023 Q1

  • 38,402.84$ million 2023 Q2

  • 38413.61$ million 2023 Q3

​

Export goods

Cut diamonds, refined petroleum, pharmaceuticals, machinery and equipment, medical instruments, computer hardware and software, agricultural products, chemicals, textiles and apparel.

​

Main export partners

(2022)

  • Europe 35.89%

    • Europe Union 24.8%

  • America 31.55%

    • United States 25.66%

  • Asia 22.96%

    • China 6.38%

    • India 4.62%

  • Africa 1.02%

  • Other countries 7.67%

​

Imports

  • 150,991.55$ million 2022 yearly

  • 35,674.36$ million 2023 Q1

  • 34,168.20$ million 2023 Q2

  • 35,537.56$ million 2023 Q3

​

Import goods

Raw materials, military equipment, motor vehicles, investment goods, rough diamonds, crude petroleum, grain, consumer goods.

​

Main import partners

(2022)

  • Europe 46.77%

    • Europe Union 31.85%

    • Turkey 5.29%

  • America 10.67%

    • United States 8.95%

  • Asia 28.36%

    • China 12.2%

  • Africa 0.4%

  • Other countries 13.55%

  • 2022 

FDI stock

19% from GDP (2022)

Gross external debt

152,998$ million (Dec 2022)

Public finances

Government debt

60.7% of GDP (2022)

Budget balance

9.8 NIS billion

(2022 surplus)

Revenues

468,500 NIS million (2022)

Expenditures

458,800 NIS million (2022)

Credit rating

Standard & Poor's:

AA  −oct 2023

Moody's: A1   - nov 2023

Fitch: A+   - aug 2023

Foreign reserves

198.55 $ billion (September 2023)

Main sources: Bank of Israel and CBS

bottom of page