İsrail ekonomisi savaş yıllarına rağmen büyümeye devam ediyor; enflasyon düşük, yatırım rekor kırdı

Kısaca

İsrail ekonomisi 2025 yılında büyüme yüzde 2,9 elde etti. Teknoloji yatırımları rekor kırdı; doğrudan yabancı yatırımı 26,2 milyar dolar seviyesine ulaştı. BAK ve hükümet öngörüleri 2026’da yüzde 4 büyümeyi ve 2027’de yüzde 5,5 büyümeyi işaret ediyor.

Ana mesele

İsrail ekonomisi savaş şartlarında bile güçleniyor

Ne değişti?

Ekonominin büyüme göstergeleri kuvvetli ve yatırım rekor kırdı

Beni nasıl etkiler?

Okuyucu, yatırım ve iş bulma ortamında iyileşme bekleyebilir

Ne oldu?

Hükümet verilerine göre 2025 yılında büyüme yüzde 2,9; 2024’te yüzde 1; bu yılın ilk yarısında yüzde 3,2.

Neden şimdi?

Uzun süreli savaşa rağmen teknolojiye dayalı ekonomik dayanıklılık etkili oldu.

Neden önemli?

Düşük işsizlik ve düşük enflasyon iklimi yatırımcı güvenini destekliyor.

Kimler etkileniyor?

• İşverenler ve yatırımcılar
• İşsizliğin düşmesiyle çalışanlar

Sektör ve piyasa etkisi

Teknoloji sektörü ekonomide motor görevi yapıyor

Riskler

• Jeopolitik riskler
• Enflasyon baskılarının yükselmesi ihtimali

Takip edilmesi gerekenler

• Yabancı yatırım girişinin devamı
• Teknoloji ihracatında büyüme hızının korunması

Haberin tamamı

x whatsapp-stroke copylink google Add Al Jazeera on Google info High-rise buildings are seen near a beach in Tel Aviv, Israel, on June 16, 2019 [Amir Cohen/Reuters] By John Power Published On 10 Oct 2026 10 Oct 2026 After three years of Israel’s multi-front war in the Middle East, it would be no surprise if this month’s Knesset elections were taking place against the backdrop of an economy in dire straits.

Instead, Israel’s economy is – by many measures – flourishing.

After slowing sharply in the initial aftermath of the Hamas-led October 7, 2023 attacks and Israel’s genocidal war on Gaza, Israel has rebounded to become one of the fastest-growing advanced economies in recent years.

Gross domestic product (GDP) grew 2.9 percent in 2025, picking up from a 1 percent expansion in 2024, and 3.2 percent in the first half of this year, according to government figures.

The Bank of Israel has forecast 4 percent growth for the whole of 2026 and 5.5 percent growth in 2027 – projections that far exceed the outlooks for major economies such as the United States, United Kingdom, France, Canada, and Japan.

Over the past three years, the shekel has strengthened against the US dollar, hitting a three-decade high in May, and Israel’s stock market has surged, with the benchmark TA-125 up more than 110 percent.

Meanwhile, unemployment stands at 2.8 percent, while inflation is modest at 1.5 percent.

Against this relatively rosy economic backdrop, campaigning for the October 27 election has been dominated by national security, with Prime Minister Benjamin Netanyahu, leader of the right-wing Likud party, and retired general Gadi Eisenkot, head of the centrist Yashar, each claiming to be most qualified to keep Israelis safe.

Driving Israel’s striking economic resilience has been a booming tech sector largely insulated from its conflicts spanning Gaza, Lebanon, Syria, Iraq, Iran and Yemen.

Despite being on a war footing since October 2023, Israel has attracted record levels of investment in tech, the driver of about one-fifth of economic activity, amid the frenetic global rollout of artificial intelligence (AI).

Total direct foreign investment hit a record $26.2bn last year, up 78 percent from 2024, led by US tech giants Alphabet and Palo Alto Networks’ record-breaking acquisitions of Israeli cybersecurity firms Wiz and CyberArk, respectively.

Foreign capital has continued to flood into the country this year, with inflows reaching a quarterly record of $14.1bn in the January-March period, according to government figures.

Along with prospering from the global AI boom, Israel’s tech scene has benefitted from its close ties to the local defence sector, which has ramped up orders from hundreds of startups supplying everything from radar systems to communications platforms and anti-drone technology.

While Israel’s economy has bounced back in part due to robust employment and wage growth, its resilience is primarily an “export-driven story that reflects strong global technology demand, particularly in areas where Israel – and multinational firms operating from Israel – is globally competitive, such as cybersecurity and artificial intelligence,” said Keren Uziyel, a senior analyst for the Middle East and Africa at the Economist Intelligence Unit (EIU).

“Interest in Israel’s technology goods and services is driving high levels of FDI and venture capital fundraising, and boosting the capital markets, which in turn is having significant wealth effects and boosting government revenue,” Uziyel told Al Jazeera.

But Israel’s military campaigns have come at an enormous cost to the public purse.

In March, the Bank of Israel estimated that Israel’s war costs to date had reached approximately 350 billion shekels ($114.6bn) – a figure not including the then recently-launched Iran war.

Military expenditures are on track to rise substantially in the coming years as Israeli leaders double down on “national security”.

Netanyahu, whose right-wing coalition has cast security as “the foundation of everything else”, has pushed to raise the annual defence budget to 183 billion shekels ($60bn), equivalent to roughly 9 percent of GDP.

If passed, the budget would raise military spending by two and a half times what it was before October 7.

Outgoing opposition leader Yair Lapid has backed an expanded defence budget, but has clashed with Netanyahu about how to fund it.

Though security has dominated the run-up to the election, opinion polling suggests that Israelis also view the economy as a key concern.

In an opinion poll released by the Israel Democracy Institute last month, 38 percent of Jewish Israelis and 46 percent of Palestinian citizens of Israel – who make up about 20 percent of the population – chose the economy and the cost of living as the most important or second-most important election issue.

Israel’s high cost of living, in particular, has long been a source of public discontent.

Israel has for years ranked among the most expensive countries in the Organisation for Economic Co-operation and Development (OECD), a dynamic economists attribute to the country’s limited trade relations with its neighbours and cumbersome regulations.

Though Israel’s overall rate of inflation has been modest, food prices have risen at a faster pace, increasing 8 percent between the start of 2024 and mid-2026, according to consumer advocacy group Lobby 99.

“People are worried about the economy but not so much about the macroeconomic situation, more so on their personal perspectives, especially cost of living,” Ayal Kimhi, vice president of the Shoresh Institution for Socioeconomic Research in Tel Aviv, told Al Jazeera.

“However, the security situation dominates the public discourse for obvious reasons, so I do not think the economy will play a major role in the vote,” Kimhi said.

“Some parties do not even bother presenting a vision or an agenda,” he added.

While Israel’s headline economic figures are impressive, they come with caveats attached.

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Kaynaklar

• Al Jazeera - English