In 2021, the average income of households among Israel's highest one percent of earners, reached *** million Israeli shekels, about *** 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 ** percent between 2013 and 2021.

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 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 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.

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 *** million Israeli shekels on average, about ******* U.S. dollars, which represented about ** percent of annual income. Over the period observed, capital income grew significantly, peaking in 2017 at *** million Israeli shekels, about *** 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 ** percent of household earnings among the wealthiest in the country.

Israel Households: Liabilities and Net Worth: Liabilities data was reported at 791,681.422 ILS mn in Dec 2023. This records a decrease from the previous number of 793,649.849 ILS mn for Sep 2023. Israel Households: Liabilities and Net Worth: Liabilities data is updated quarterly, averaging 364,201.083 ILS mn from Mar 1999 (Median) to Dec 2023, with 100 observations. The data reached an all-time high of 793,649.849 ILS mn in Sep 2023 and a record low of 169,830.577 ILS mn in Mar 1999. Israel Households: Liabilities and Net Worth: Liabilities data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Israel – Table IL.IMF.FSI: 2019 Methodology: Sectoral Financial Statement: Balance Sheet: Quarterly.

Israel: Income from natural resources, percent of GDP: The latest value from 2021 is 0.44 percent, an increase from 0.27 percent in 2020. In comparison, the world average is 6.83 percent, based on data from 186 countries. Historically, the average for Israel from 1995 to 2021 is 0.15 percent. The minimum value, 0 percent, was reached in 1995 while the maximum of 0.44 percent was recorded in 2021.

In 2022, nearly ** percent of people in Israel who earned ***** 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 ***** and ***** Israeli shekels, with just over ***** percent reporting the same feeling during the survey year. The group with the lowest rate was those with a monthly income of more than ***** Israeli shekels, at **** percent.

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 Households: Liabilities and Net Worth: Net Worth data was reported at -791,681.422 ILS mn in Dec 2023. This records an increase from the previous number of -793,649.849 ILS mn for Sep 2023. Israel Households: Liabilities and Net Worth: Net Worth data is updated quarterly, averaging -364,201.083 ILS mn from Mar 1999 (Median) to Dec 2023, with 100 observations. The data reached an all-time high of -169,830.577 ILS mn in Mar 1999 and a record low of -793,649.849 ILS mn in Sep 2023. Israel Households: Liabilities and Net Worth: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Israel – Table IL.IMF.FSI: 2019 Methodology: Sectoral Financial Statement: Balance Sheet: Quarterly.

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).

The Personal Income Tax Rate in Israel stands at 50 percent. This dataset provides - Israel Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

In 2022, nearly ** percent of volunteers in Israel with an average household income of up to ***** Israeli shekels volunteered privately and not through an organization. Just over ** percent of those with an income between ***** and ***** Israeli shekels also volunteered privately 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.

In 2022, slightly over ** percent of volunteers in Israel with an average household income of ***** Israeli shekels or more volunteered in the field of education and culture. Moreover, **** percent of those with an income between ***** and ***** Israeli shekels also volunteered in this field that year.

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: GDP: Growth: Adjusted Net National Income per Capita data was reported at 2.707 % in 2016. This records a decrease from the previous number of 3.098 % for 2015. Israel IL: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 3.027 % from Dec 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 8.288 % in 1972 and a record low of -6.632 % in 1984. Israel IL: GDP: Growth: Adjusted Net National Income per Capita 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: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Israel IL: GDP: USD: Adjusted Net National Income per Capita data was reported at 31,884.847 USD in 2016. This records an increase from the previous number of 30,683.481 USD for 2015. Israel IL: GDP: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 12,506.168 USD from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 32,271.992 USD in 2014 and a record low of 1,924.478 USD in 1971. Israel IL: GDP: USD: Adjusted Net National Income per Capita 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: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted Average;

Israel IL: Net Investment in Nonfinancial Assets: % of GDP data was reported at 0.503 % in 2016. This records an increase from the previous number of 0.340 % for 2015. Israel IL: Net Investment in Nonfinancial Assets: % of GDP data is updated yearly, averaging 0.725 % from Dec 1974 (Median) to 2016, with 43 observations. The data reached an all-time high of 1.647 % in 1976 and a record low of 0.077 % in 1988. Israel IL: Net Investment in Nonfinancial Assets: % of GDP 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: Government Revenue, Expenditure and Finance. Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;