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Country Report Israel March 2011
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HTMLData and charts: Quarterly data
| 2009 | 2010 | |||||||
| 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | |
| Output | ||||||||
| GDP at constant 2005 prices (NIS bn) | 175.2 | 174.8 | 177.8 | 176.8 | 178.1 | 184.4 | 186.3 | 187.5 |
| Real GDP (% change, year on year) | 0.8 | 0.1 | -0.2 | 2.5 | 1.7 | 5.5 | 4.8 | 6.0 |
| State of economy index (% change, year on year)a | -2.8 | -4.0 | -3.0 | -0.5 | 2.4 | 4.8 | 5.5 | 5.3 |
| Revenue ( 2004=100)a | 120.3 | 122.8 | 124.1 | 127.8 | 133.3 | 133.4 | 134.7 | 137.2 |
| Index of goods exports (2005=100)a | 128.6 | 129.1 | 139.0 | 150.4 | 163.3 | 162.2 | 161.2 | 160.9 |
| Employment and prices | ||||||||
| Industrial employment (2000=100) | 106 | 104 | 103 | 104 | 105 | 106 | 106 | n/a |
| Employment ('000) | 2,834 | 2,833 | 2,846 | 2,851 | 2,861 | 2,952 | 2,960 | n/a |
| Unemployment rate (% of the labour force) | 7.1 | 7.7 | 7.8 | 7.5 | 7.0 | 5.9 | 7.2 | n/a |
| Consumer prices incl VAT (2006=100) | 100.8 | 102.7 | 104.7 | 105.1 | 104.3 | 105.6 | 106.8 | 107.7 |
| Consumer prices incl VAT (% change, year on year) | 3.4 | 3.2 | 3.2 | 3.6 | 3.5 | 2.8 | 2.0 | 2.5 |
| Wholesale prices, manufacturing output (2005=100) | 109.2 | 111.4 | 113.9 | 114.4 | 115.0 | 117.1 | 116.4 | 118.3 |
| Wholesale prices, manufacturing output (% change, year on year) | -5.6 | -8.5 | -9.3 | -1.6 | 5.3 | 5.1 | 2.2 | 3.4 |
| Financial indicators | ||||||||
| Exchange rate NIS:US$ (av) | 4.058 | 4.077 | 3.830 | 3.765 | 3.734 | 3.783 | 3.794 | 3.620 |
| Exchange rate NIS:US$ (end-period) | 4.188 | 3.919 | 3.758 | 3.775 | 3.713 | 3.875 | 3.665 | 3.549 |
| Deposit rate (av; %) | 1.3 | 0.9 | 1.1 | 1.0 | 1.2 | 1.3 | 1.6 | n/a |
| Lending rate (av; %) | 4.0 | 3.5 | 3.6 | 3.8 | 4.2 | 4.4 | 4.6 | n/a |
| Treasury bill rate, 1 year (av; %) | 1.2 | 1.1 | 1.5 | 1.7 | 2.0 | 2.1 | 2.2 | n/a |
| M1 (end-period; NIS bn)b | 80.4 | 97.8 | 108.3 | 109.4 | 106.9 | 110.6 | 113.1 | 112.8 |
| M1 (% change, year on year) | 32.4 | 53.4 | 60.7 | 55.1 | 33.0 | 13.1 | 4.5 | 3.1 |
| M2 (end-period; NIS bn)b | 394.0 | 408.7 | 419.5 | 424.9 | 424.0 | 426.9 | 426.5 | n/a |
| M2 (% change, year on year) | 17.8 | 18.7 | 19.5 | 15.0 | 7.6 | 4.5 | 1.7 | n/a |
| Tel Aviv 100 stockmarket index (end-period; Jan1st 1992=100) | 666.1 | 801.3 | 927.7 | 1,065.0 | 1,155.4 | 990.3 | 1,128.9 | 1,224.0 |
| Sectoral trends | ||||||||
| Mining production (2004=100) | 83.8 | 93.2 | 91.1 | 95.8 | 96.8 | 97.1 | 103.5 | n/a |
| Manufacturing production (2004=100) | 119.6 | 115.7 | 119.2 | 125.9 | 125.3 | 135.7 | 125.7 | n/a |
| Tourist arrivals ('000) | 438.3 | 605.7 | 613.5 | 663.9 | 601.5 | 737.6 | 678.1 | 787.6 |
| Construction completed ('000 sq metres) | 2,191 | 1,918 | 2,011 | 1,834 | 2,006 | 1,964 | 2,144 | n/a |
| Residential ('000 sq metres) | 1,607 | 1,392 | 1,467 | 1,476 | 1,425 | 1,528 | 1,562 | n/a |
| Foreign trade (US$ m) | ||||||||
| Exports fob | 9,403 | 9,639 | 10,582 | 12,433 | 12,689 | 13,064 | 12,042 | 13,099 |
| Diamonds, polished | 936 | 643 | 1,032 | 1,328 | 1,329 | 1,330 | n/a | n/a |
| Imports cif | -10,494 | -10,590 | -12,477 | -13,369 | -13,838 | -14,247 | -14,262 | -16,280 |
| Trade balance | -1,091 | -951 | -1,895 | -936 | -1,150 | -1,183 | -2,220 | -3,182 |
| Foreign payments (US$ m) | ||||||||
| Merchandise trade balance fob-fob | 894 | -104 | -1,065 | 180 | -142 | 185 | -918 | n/a |
| Services balance | 859 | 1,526 | 591 | 1,868 | 1,447 | 1,489 | 1,310 | n/a |
| Income balance | -1,062 | -1,437 | -1,514 | -546 | -1,530 | -1,636 | -1,424 | n/a |
| Net transfer payments | 1,699 | 1,529 | 2,077 | 2,098 | 2,197 | 2,366 | 1,942 | n/a |
| Current-account balance | 2,389 | 1,516 | 89 | 3,600 | 1,972 | 2,404 | 910 | n/a |
| Reserves excl gold (end-period) | 44,327 | 50,271 | 59,963 | 60,611 | 62,464 | 63,096 | 66,260 | 70,920 |
| a Seasonally adjusted. b Bank of Israel, average of end month data. | ||||||||
| Sources: Bank of Israel; IMF, International Financial Statistics; Israel Central Bureau of Statistics, Monthly Bulletin of Statistics. | ||||||||
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