Average salary in Israel grew at 5% in Q1

salary slip

At the end of March 2017, the average salary in Israel in a full time position reached NIS 10,449.

At the end of March 2017, the average salary in Israel in a full time position reached NIS 10,449 (in current prices), the Central Bureau of Statistics reports. This is a 5% rise on an annualized basis. Figures at the end 2016 showed that salaries were rising by 4.7% on an annualized basis.

This upward trend is taking place despite a surprising fall in salaries of employees in the IT and communications sector. Over the first quarter public administration led the economy in terms of new jobs added - 2.8% - while agriculture continues to shed jobs - 3.5% at an annualized rate.

The average salary has been growing strongly, in part because of the rise in the minimum wage.

Published by Globes [online], Israel business news - www.globes-online.com - on June 8, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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