Macroeconomic Outlook Report - Israel

Macroeconomic Outlook Report - Israel

Summary

Transport, storage and communication activities contributed 15.6% to Israel’s gross value added (GVA) in 2022, followed by mining, manufacturing and utilities activities (13.8%), and wholesale, retail and hotels activities (10.8%). In nominal terms, the three sectors are forecast to grow by 7.0%, 7.2%, and 6.9%, respectively, in 2023.

Tel Aviv and Jerusalem accounted for 58.8% of the country’s GDP and 59.4% of Israel’s population in 2022, according to GlobalData.

The Tel Aviv 25 Index exhibited a volatile trend over last year. As of November 07, 2023, the index stood at 1,702.6, compared to 1,915.2 on November 07, 2022.

Scope

• In July 2023, the country anticipated a plan of ILS433 billion ($128.9 billion) for 228 infrastructure projects during 2023–28.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.