Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total population8.38 million8.22 million8.06 million
    WDI
    		A.1.1
    Urban population (% of total)92.14% of total92.08% of total92.01% of total
    WDI
    		A.1.4
    Urban population growth (annual %)2.05%1.99%1.93%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    GDP, current prices (U.S. dollars)296,073 USD (millions)305,673 USD (millions)292,412 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)281,939 USD (millions)272,112 USD (millions)261,046 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)35,343.34 USD 37,222.38 USD 36,297.19 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)33,656.08 USD 33,135.69 USD 32,403.79 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)2.58%2.55%3.25%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)-.97%-.2%1.82%
    WDI
    		A.2.6
    GDP, deflator (Index)111.91109.10108.02
    WEO
    		A.2.7
    Consumer price index106.66107.34106.83
    WEO
    		A.2.8
    GINI Index  42.78
    WDI
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Central bank lending/discount rate.1%.25%1.01%
    IFS
    		A.2.15.1
    Yield on 3 months treasury bills.15%.25%.88%
    IFS
    		A.2.15.2
    Average bank deposit rate.45%.57%1.08%
    IFS
    		A.2.15.4
    Lending rate3.45%3.59%4.19%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of dwelling units:B.1.1
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  68.2% of totalB.1.4.1
    Estimated Number of units completed/yearB.1.5
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

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    Notes: "New Format Buyer's Price" Program: Government will grant a discount on price of land and lower the price of dwellings built on it. First home buyers must participate and win the Buyer's Price Lottery to be eligible for the government subsidy.
    Notes: Inflationary appreciation is not taxed.
    Notes: Inflationary appreciation is not taxed.
    Notes: LTV's for all housing loans are capped at 70%, except for first time home buyers for whom this cap is at 75%
    Notes: LTV's for all housing loans are capped at 70%, except for first time home buyers for whom this cap is at 75%
    Notes: Target Price Program: Government offers builders state-owned land at discount, but the discount must be passed along to buyers (i.e. selling price should be 20% less than market value).
    Notes: The Government grants housing assistance to individuals who fall under its "without housing" criteria. Eligibile individuals will have mortgage interest rates of 0.5% less than the average interest rates of mortgage banks publicized by the Bank of Israel. Eligibile individuals may choose repayment period for mortgage between 10 and 30 years.