Current Account in Israel
Israel - Current Account (billions of U.S. Dollars)After a broad-based improvement in domestic demand led GDP to rebound at a robust pace in Q2, the economy likely lost steam in Q3. While the Composite State of the Economy Index expanded solidly in July, business and consumer confidence moderated through August. Moreover, momentum was likely dampened by a surge in Covid-19 cases and some fresh restrictions, with the government reimposing limits on social gatherings in August. More recently, rules around entering public venues have been tightened: From 3 October, individuals are required to show proof of a booster shot six months after their second vaccine dose. Consequently, nearly two million citizens have temporarily lost their “Green Pass”, likely weighing on activity heading into the final quarter of the year.
Israel - Current Account (USD bn) Data
|Current Account Balance (USD bn)||15.5||11.4||8.3||9.5||14.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 7, 2021
At its 14 October meeting, the Bank of Israel (BoI) left the policy rate at 0.10%. The decision to keep rates stable at their current low level was likely driven by continued uncertainty over the economic outlook, due to the possibility of further waves of Covid-19.
October 6, 2021
The Bank of Israel’s Composite State of the Economy Index grew 0.28% in month-on-month seasonally-adjusted terms in August, which was above July's 0.21% increase.
September 16, 2021
The Manufacturing Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the IPLMA came in at 54.1 in August, up from July's 46.8.
September 15, 2021
Consumer prices increased 0.30% from the previous month in August, below July's 0.39% rise.
September 15, 2021
Merchandise exports jumped 23.5% year-on-year in August (July: +33.7% year-on-year).