The cost of living in Israel has increased following the war on Gaza. GDP growth in Israel in 2023 came at a low rate of 2% and recorded a negative growth of 0.1% per capita during the last quarter of 2023.
Imports of goods and services decreased by 6.9% after rising by 12% in 2022. About 20.2% of families are poor, while the percentage of children living below the poverty line has risen to 28.2%. The Israeli labor market has not recovered as the fifth month of the war enters its fifth month.