Key information about Israel Household Income per Capita

• Israel Annual Household Income per Capita reached 24,647.808 USD in Dec 2022, compared with the previous value of 23,048.844 USD in Dec 2021.
• Israel Annual Household Income per Capita data is updated yearly, available from Dec 2005 to Dec 2022, with an averaged value of 15,765.410 USD.
• The data reached an all-time high of 24,647.808 USD in Dec 2022 and a record low of 9,378.883 USD in Dec 2005.
• In the latest reports, Retail Sales of Israel grew 4.326 % YoY in Apr 2024.

CEIC calculates Annual Household Income per Capita from Monthly Household Income multiplied by 12, and Average Household Size. CEIC converts Annual Household Income per Capita into USD. Central Bureau of Statistics provides Household Income in local currency, and Average Household Size. Bank of Israel average market exchange rate is used for currency conversions.

In 2021, the average income of households among Israel's highest one percent of earners, reached 4.7 million Israeli shekels, about 1.2 million U.S. dollars. Moreover, incomes peaked in 2017, due to a one-time tax incentive introduced by the government to release "trapped" capital gains tax. Overall, the average income of wealthy families in the country increased by 62 percent between 2013 and 2021.

In July 2024, the average monthly wage in Israel amounted to 13,591 Israeli shekels (roughly 3,650 U.S. dollars). This reflected a decline compared to the previous month. Overall, average monthly salaries increased during the observed period, peaking in March 2024 at a value of approximately 14,000 Israeli shekels.

Israel Household Size: Average data was reported at 3.270 Person in 2016. This records a decrease from the previous number of 3.280 Person for 2015. Israel Household Size: Average data is updated yearly, averaging 3.320 Person from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 3.360 Person in 2003 and a record low of 3.270 Person in 2016. Israel Household Size: Average data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.H010: Household Income and Expenditure.

Israel Gross Monthly Income: Per Household data was reported at 19,118.000 ILS in 2016. This records an increase from the previous number of 18,671.000 ILS for 2015. Israel Gross Monthly Income: Per Household data is updated yearly, averaging 14,507.000 ILS from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 19,118.000 ILS in 2016 and a record low of 11,680.000 ILS in 2005. Israel Gross Monthly Income: Per Household data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.H010: Household Income and Expenditure.

In 2022, nearly 14 percent of people in Israel who earned 2,000 Israeli shekels or less per month reported having no contact with friends. This was the group with the highest proportion of this feeling when broken down by average gross monthly household income in Israeli shekels. This was followed by those with an average income between 2,001 and 4,000 Israeli shekels, with just over eight percent reporting the same feeling during the survey year. The group with the lowest rate was those with a monthly income of more than 4,000 Israeli shekels, at four percent.

Israel IL: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 19.500 % in 2021. This records a decrease from the previous number of 20.200 % for 2020. Israel IL: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 20.700 % from Dec 1979 (Median) to 2021, with 25 observations. The data reached an all-time high of 23.500 % in 2009 and a record low of 13.700 % in 1992. Israel IL: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Income from capital was the main source of annual household income for the top percentile of earners in Israel during 2021. That year, earnings from capital reached 3.1 million Israeli shekels on average, about 818,000 U.S. dollars, which represented about 66 percent of annual income. Over the period observed, capital income grew significantly, peaking in 2017 at 4.6 million Israeli shekels, about 1.2 million U.S. dollars. The 2017 spike was due to a government decision to implement a one-time tax incentive to release "trapped" capital gains taxes. On the other hand, employment income accounted for almost 28 percent of household earnings among the wealthiest in the country.

Israel Monthly Consumption Expenditure: Per Household data was reported at 15,805.000 ILS in 2016. This records an increase from the previous number of 15,407.000 ILS for 2015. Israel Monthly Consumption Expenditure: Per Household data is updated yearly, averaging 12,342.000 ILS from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 15,805.000 ILS in 2016 and a record low of 9,747.000 ILS in 2000. Israel Monthly Consumption Expenditure: Per Household data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.H010: Household Income and Expenditure.

In 2022, nearly 44 percent of volunteers in Israel with an average household income of 4,000 Israeli shekels or more volunteered through an organization. Just over 37 percent of those with an income between 2,001 and 4,000 Israeli shekels also volunteered through organizations.

In 2022, nearly 51 percent of individuals in Israel with an average household income of 2,001 to 4,000 Israeli shekels volunteered to help those in need. Close to 49 percent of those with an income of up to 2,000 Israeli shekels also volunteered in the same field that year.

Israel GDP: Disposable Income: Net data was reported at 1,698,944.713 ILS mn in 2024. This records an increase from the previous number of 1,610,748.492 ILS mn for 2023. Israel GDP: Disposable Income: Net data is updated yearly, averaging 741,220.634 ILS mn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 1,698,944.713 ILS mn in 2024 and a record low of 278,925.925 ILS mn in 1995. Israel GDP: Disposable Income: Net data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.A044: SNA 2008: GDP: National Income and Saving: Annual.

Poverty Headcount Ratio at Societal Poverty Lines: % of Population data was reported at 22.200 % in 2021. This records an increase from the previous number of 22.000 % for 2020. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data is updated yearly, averaging 23.200 % from Dec 1979 (Median) to 2021, with 25 observations. The data reached an all-time high of 26.200 % in 2009 and a record low of 18.500 % in 1992. Poverty Headcount Ratio at Societal Poverty Lines: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Social: Poverty and Inequality. The poverty headcount ratio at societal poverty line is the percentage of a population living in poverty according to the World Bank's Societal Poverty Line. The Societal Poverty Line is expressed in purchasing power adjusted 2017 U.S. dollars and defined as max($2.15, $1.15 + 0.5*Median). This means that when the national median is sufficiently low, the Societal Poverty line is equivalent to the extreme poverty line, $2.15. For countries with a sufficiently high national median, the Societal Poverty Line grows as countries’ median income grows.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

The per capita consumer spending in Israel was forecast to continuously increase between 2024 and 2029 by in total 4,113.3 U.S. dollars (+15.23 percent). After the sixth consecutive increasing year, the per capita consumer spending is estimated to reach 31,125.48 U.S. dollars and therefore a new peak in 2029. Consumer spending, shown here as per capita spending, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the per capita consumer spending in countries like Iran and Qatar.

Israel IL: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 6.722 % in 2012. This records an increase from the previous number of 6.345 % for 2010. Israel IL: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 7.472 % from Dec 1997 (Median) to 2012, with 7 observations. The data reached an all-time high of 8.711 % in 2007 and a record low of 5.857 % in 1997. Israel IL: Proportion of Population Spending More Than 10% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Poverty. Proportion of population spending more than 10% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted Average;

Israel IL: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data was reported at 0.947 % in 2012. This records an increase from the previous number of 0.690 % for 2010. Israel IL: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data is updated yearly, averaging 0.947 % from Dec 1997 (Median) to 2012, with 7 observations. The data reached an all-time high of 1.246 % in 2001 and a record low of 0.600 % in 1997. Israel IL: Proportion of Population Spending More Than 25% of Household Consumption or Income on Out-of-Pocket Health Care Expenditure: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Poverty. Proportion of population spending more than 25% of household consumption or income on out-of-pocket health care expenditure, expressed as a percentage of a total population of a country; ; Wagstaff et al. Progress on catastrophic health spending: results for 133 countries. A retrospective observational study, Lancet Global Health 2017.; Weighted Average;

Israel IL: Standardised Price-Income Ratio: sa data was reported at 113.825 Ratio in 2016. This records an increase from the previous number of 109.006 Ratio for 2015. Israel IL: Standardised Price-Income Ratio: sa data is updated yearly, averaging 100.203 Ratio from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 119.640 Ratio in 1997 and a record low of 76.429 Ratio in 2007. Israel IL: Standardised Price-Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Israel – Table IL.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

Israel IL: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data was reported at 36.220 Intl $/Day in 2016. This records an increase from the previous number of 31.130 Intl $/Day for 2010. Israel IL: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data is updated yearly, averaging 33.675 Intl $/Day from Dec 2010 (Median) to 2016, with 2 observations. The data reached an all-time high of 36.220 Intl $/Day in 2016 and a record low of 31.130 Intl $/Day in 2010. Israel IL: Survey Mean Consumption or Income per Capita: Total Population: 2011 PPP per day data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Poverty. Mean consumption or income per capita (2011 PPP $ per day) used in calculating the growth rate in the welfare aggregate of total population.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2011-2016 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The choice of consumption or income for a country is made according to which welfare aggregate is used to estimate extreme poverty in PovcalNet. The practice adopted by the World Bank for estimating global and regional poverty is, in principle, to use per capita consumption expenditure as the welfare measure wherever available; and to use income as the welfare measure for countries for which consumption is unavailable. However, in some cases data on consumption may be available but are outdated or not shared with the World Bank for recent survey years. In these cases, if data on income are available, income is used. Whether data are for consumption or income per capita is noted in the footnotes. Because household surveys are infrequent in most countries and are not aligned across countries, comparisons across countries or over time should be made with a high degree of caution.