Fiscal Balance in Israel

Israel Fiscal Balance | Economic News & Forecasts

Israel - Fiscal Balance

The fourth quarter seems to have followed in the footsteps of the rapid domestic-demand-driven economic growth observed in the third quarter. Consumer confidence in November reached its highest level since the survey began on a broad-based improvement. In the same month, the Composite State of the Economy Index edged higher thanks to a solid domestic economy, as the external sector dragged on growth somewhat. The index thus trended markedly above the average reading of the third quarter in October–November. Moreover, November PMI data highlighted improved business conditions in the manufacturing sector thanks to resilient domestic-demand dynamics, which offset a drop in foreign demand. Although exports contracted in the same month, the trade deficit narrowed owing to a moderation of import growth. In the political arena, Prime Minister Benjamin Netanyahu announced snap elections on 24 December, moving the scheduled general elections forward by six months as a police investigation accusing Netanyahu of corruption reached its climax.

Israel - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.1  -2.7  -2.1  -2.1  -2.0  

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Israel Fiscal Balance Chart

Israel Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Israel.

Israel Facts

Bond Yield2.26-1.69 %Jan 16
Exchange Rate3.68-0.37 %Jan 16
Stock Market1,369-0.91 %Jan 16

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