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Country Report Israel January 2011
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HTMLData and charts: Quarterly data
| 2008 | 2009 | 2010 | ||||||
| 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | |
| Output | ||||||||
| GDP at constant 2005 prices (NIS bn) | 172.6 | 175.2 | 174.8 | 177.8 | 176.8 | 177.2 | 183.3 | 185.4 |
| Real GDP (% change, year on year) | 1.5 | 0.8 | 0.1 | -0.2 | 2.5 | 1.2 | 4.9 | 4.3 |
| State of economy index (% change, year on year)a | 0.0 | -2.7 | -3.9 | -3.0 | -0.5 | 2.2 | 3.9 | 4.1 |
| Revenue ( 2004=100)a | 121.3 | 120.3 | 122.8 | 124.0 | 128.0 | 133.4 | 133.1 | 133.6 |
| Index of goods exports (2005=100)a | 146.1 | 128.5 | 129.3 | 138.7 | 151.2 | 163.2 | 163.3 | 156.2 |
| Employment and prices | ||||||||
| Industrial employment (2000=100) | 109 | 106 | 104 | 103 | 104 | 105 | 106 | n/a |
| Employment ('000) | 2,788 | 2,834 | 2,833 | 2,846 | 2,851 | 2,861 | 2,952 | 2,960 |
| Unemployment rate (% of the labour force) | 6.4 | 7.1 | 7.7 | 7.8 | 7.5 | 7.0 | 5.9 | 7.2 |
| Consumer prices incl VAT (2006=100) | 101.5 | 100.8 | 102.7 | 104.7 | 105.1 | 104.3 | 105.6 | 106.8 |
| Consumer prices incl VAT (% change, year on year) | 4.6 | 3.4 | 3.2 | 3.2 | 3.6 | 3.5 | 2.8 | 2.0 |
| Wholesale prices, manufacturing output (2005=100) | 116.2 | 109.2 | 111.4 | 113.9 | 114.4 | 115.0 | 117.1 | 116.4 |
| Wholesale prices, manufacturing output (% change, year on year) | 1.6 | -5.6 | -8.5 | -9.3 | -1.6 | 5.3 | 5.1 | 2.2 |
| Financial indicators | ||||||||
| Exchange rate NIS:US$ (av) | 3.816 | 4.058 | 4.077 | 3.830 | 3.765 | 3.734 | 3.783 | 3.794 |
| Exchange rate NIS:US$ (end-period) | 3.802 | 4.188 | 3.919 | 3.758 | 3.775 | 3.713 | 3.875 | 3.665 |
| Deposit rate (av; %) | 2.9 | 1.3 | 0.9 | 1.1 | 1.0 | 1.2 | 1.3 | 1.6 |
| Lending rate (av; %) | 5.8 | 4.0 | 3.5 | 3.6 | 3.8 | 4.2 | 4.4 | 4.6 |
| Treasury bill rate, 1 year (av; %) | 2.8 | 1.2 | 1.1 | 1.5 | 1.7 | 2.0 | 2.1 | 2.2 |
| M1 (end-period; NIS bn)b | 70.5 | 80.4 | 97.8 | 108.3 | 109.4 | 106.9 | 110.6 | 113.1 |
| M1 (% change, year on year) | 16.8 | 32.4 | 53.4 | 60.7 | 55.1 | 33.0 | 13.1 | 4.5 |
| M2 (end-period; NIS bn)b | 369.4 | 394.0 | 408.7 | 419.5 | 424.9 | 423.6 | 426.2 | n/a |
| M2 (% change, year on year) | 11.8 | 17.8 | 18.7 | 19.5 | 15.0 | 7.5 | 4.3 | n/a |
| Tel Aviv 100 stockmarket index (end-period; Jan1st 1992=100) | 564.1 | 666.1 | 801.3 | 927.7 | 1,065.0 | 1,155.4 | 990.3 | 1,128.9 |
| Sectoral trends | ||||||||
| Mining production (2004=100) | 101.4 | 83.8 | 93.2 | 91.1 | 95.8 | 96.8 | 97.1 | 102.8 |
| Manufacturing production (2004=100) | 123.7 | 119.6 | 115.7 | 119.2 | 125.9 | 125.3 | 135.7 | 125.5 |
| Tourist arrivals ('000) | 645.7 | 438.3 | 605.7 | 613.5 | 663.9 | 601.6 | 737.6 | 678.1 |
| Construction completed ('000 sq metres) | 1,767 | 2,184 | 1,915 | 1,997 | 1,805 | 1,868 | 1,900 | n/a |
| Residential ('000 sq metres) | 1,367 | 1,590 | 1,392 | 1,467 | 1,462 | 1,419 | 1,492 | n/a |
| Foreign trade (US$ m) | ||||||||
| Exports fob | 10,374 | 9,403 | 9,639 | 10,582 | 12,433 | 12,678 | 13,181 | 11,971 |
| Diamonds, polished | 795 | 936 | 643 | 1,032 | 1,328 | 1,329 | 1,330 | n/a |
| Imports cif | -13,667 | -10,494 | -10,590 | -12,477 | -13,369 | -13,838 | -14,246 | -14,121 |
| Trade balance | -3,293 | -1,091 | -951 | -1,895 | -936 | -1,161 | -1,065 | -2,150 |
| Foreign payments (US$ m) | ||||||||
| Merchandise trade balance fob-fob | -1,723 | 894 | -104 | -1,065 | 180 | -159 | 272 | n/a |
| Services balance | 1,400 | 859 | 1,526 | 591 | 1,868 | 1,386 | 1,534 | n/a |
| Income balance | -1,000 | -1,062 | -1,437 | -1,514 | -546 | -1,435 | -1,452 | n/a |
| Net transfer payments | 2,085 | 1,699 | 1,529 | 2,077 | 2,098 | 2,191 | 2,357 | n/a |
| Current-account balance | 762 | 2,389 | 1,516 | 89 | 3,600 | 1,984 | 2,712 | n/a |
| Reserves excl gold (end-period) | 42,513 | 44,327 | 50,271 | 59,963 | 60,611 | 62,464 | 63,096 | 66,260 |
| 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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