Israel gdp

Israel plans to bring budget deficit below 3% of GDP for 2026-28

Hurt by the war, growth was some 1% in 2024 and is projected to grow 3-3.5% this year.

 Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023.
 People shop at Mahane Yehuda market in Jerusalem, December 24, 2024.

Israel's war spending in 2024 lifts debt burden to 69% of GDP

 Government expenditures, revenues, and the deficit, January 1, 2024.

Jerusalem's economic woes: Israel's deficit increased twice initial predictions

 From left to right - Maya Schwartz, Shay Michel, Shlomo Landress.

Hi-Tech leaders urge government support amid war-driven uncertainty  


Second only to Ukraine: The cost of Israel's defense burden

Experts warn of economic impact as Israel’s defense budget reaches 6.5% of GDP.

 Israeli prime minister Benjamin Netanyahu and Israeli Minister of Defense Yoav Galant attend vote on the state budget at the assembly hall of the Knesset, the Israeli parliament in Jerusalem, March 13, 2024.

Despite Fitch credit rating drop, Israel's economy remains stable - editorial

Fitch downgraded Israel’s credit rating due to prolonged war. However, Israel's economy remains strong and requires various adjustments to ensure stability.

 Israeli minister of Finance Bezalel Smotrich speaks with Yali Rothenberg, Accountant General of the Ministry of Finance during a press conference at the Ministry of Finance in Jerusalem on October 19, 2023

Bank of Israel drops GDP growth forecast amid prolonged war prediction

GDP impairment is affected by both army reserves mobilization and restrictions on Palestinian laborers, creating supply issues.

 Israeli police work at the area where a rocket landed in Kiryat Shmona, February 13, 2024

Israel's deficit continues to grow past 2024 ceiling, hits 7.6%

Increased government spending is partially made up of expenses that don't support growth, Bank Hapoalim's head economic consultant Professor Leo Leiderman said.

 An illustrative image indicating financial trouble for the Israeli economy.

Israel's GDP grows 14.1% in first quarter of 2024

Spending is still high, however private consumption and investment have yet to return to pre war levels, said the CBS.

 People shop for groceries at the Shufersal Deal supermarket in Katsrin, Golan Heights, on February 9, 2024.

Israel-Hamas war takes toll on Israel's 2023 GDP

GDP revealed to have decreased in final quarter of 2023 as a result of conflict, revised report shows.

 A slowdown in economic activity and a sharp increase in the deficit following the injection of funds into the affected sectors

Israel-Hamas war doubles Israel's debt raising in 2023

The outbreak of the Israel-Hamas war in October led to a doubling of Israel's borrowing in the past year, with the state raising 160 billion shekels in debt.

 Market data is seen on part of an electronic board displayed at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020

War hurt Israeli economy 'on many levels' - Bank of Israel report

2023 presented an obstacle for the Israeli economy, with the contentious judicial overhaul crisis and ongoing Israel-Hamas war sparking questions of resilience.

 View of Bank of Israel main offices in Jerusalem, on January 2, 2023.

Israel's economy expanded by 3.1% in second quarter of 2023

Expenditure on public consumption rose by 3.8% in the second quarter, while defense consumption fell by 1.5%.

New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Will faltering investment numbers threaten Israeli hi-tech’s growth and success?  

IIA Chairman: “It is a period of deep economic and social crisis, but also a period that presents opportunities if we can navigate wisely.”

 A HI-TECH center in Herzliya Pituah: You may picture Israel’s sunny beaches or marvel at its hi-tech successes, but the Palestinian narrative would prefer you think of the occupation.

Israel’s population almost 10 million, no longer a small country - analysis

As Israel becomes a medium-sized country in population, GDP and growth, there are ramifications for the region and Israel’s place in the world.

 A VIEW of the lights of Tel Aviv at night, with the Azrieli Towers in the foreground.