Israel - Change in Inventories

For Israel, national accounts: GDP by expenditure and GDP by industry. GDP measures the market value of the products attributed to factors of production employed in Israel and in Jewish localities in Judea and Samaria before deduction of provisions for the consumption of fixed capital. Quarterly from 1995.

Active:

• National accounts framework: UN SNA 2008
• Industry classification: SIC 2011
• Measurements:
  • Millions of new Israeli shekels (a.k.a. NIS) at chained year-2020 prices (Mil. Ch. 2020 ILS)
  • At current prices (Mil. ILS)
• Adjustments:
  • Seasonally adjusted (SA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: Uniformly 1995Q1

Predecessors:

• At 2015 prices - 1995Q1 to 2024Q4 ("_15")
• GCF - 1995Q1 to 2022Q4 ("_22")
• Select memo items - 1995Q1 to 2018Q3 (no specifier)
• SNA 2008 at 2010 prices - 1995Q1 to 2016Q4 ("_10")
• SNA 1993 at 2005 prices - 1995Q1 to 2013Q1 ("_05")
• At 2004 prices - 1995Q1 to 2009Q2 ("04")

Global concept aliases:

• GDP.IISR
• C.IISR
• G.IISR
• I.IISR
• IF.IISR
• CIVT.IISR
• NETEX.IISR
• EX.IISR
• IM.IISR

The data are compiled cover the entire economy. 

Scope of data:

• Transaction coverage: The production boundary is in accordance with the 2008 SNA. Estimates of illegal output are included for construction activities and illegal slaughtering of animals. Other illegal output sold to willing buyers is included if reported by households in the Household Expenditure Survey (HES).
• Geographic coverage: Israel and Israeli localities in Judea and Samaria.

Moody's Analytics supplements

Where not reported, we construct component as additive identities: change in inventories, trade balance, statistical discrepancy.

Gross capital formation was not initially reported, but we were able to construct it via additive identity. As of 2022Q4 (disseminated April 2023) it was reported, retroactive to 2020Q1, so we back-extended to 1995Q1.

We seasonally adjust GDP(E) and its components at current prices, using the U.S. Census Bureau's X-13ARIMA-SEATS program.

Yes. The source publishes three estimates for each quarter. The first estimate is usually published two months after the end of the reference period (e.g.: in mid-May for Q1). The second and final estimates are released in the following two consecutive months (e.g.: mid-June and mid-July for Q1).

Further reading

At the source:

• Media Release Calendar

At IMF (SDDS Plus):

• National accounts (Jan 2025)

• Sep 2005 - Initial version.
• Nov 2009 - Currency reference year advanced to 2005.
• Aug 2012 - Addendum of SA supplements.
• Apr 2014 - Framework advanced to SNA 2008, currency reference year advanced to 2010.
• Jun 2017 - Currency reference year advanced to 2015.
• 2 May 2023, Phillip Thorne - Moody's Analytics supplements.
• 22 Apr 2024, Phillip Thorne - Addendum of real NSA variant: Properties.
• 23 May 2025, Phillip Thorne - Currency reference year advanced to 2020: Properties.