Average salary in Israel rose last year

payslip  picture: Tamar Matzapi

The average salary at the end of 2015 was 2.3% higher than at the end of 2014.

Israel's average salary continued to rise in 2015 but at a slower pace than previously, the Central bureau of Statistics reports. The average salary rose 1.1% on an annualized basis in the final quarter of 2015, after rising 2.3% in the third quarter.

At the end of 2015, the average salary in Israel was NIS 9,591, up 2.3% from the end of 2014. In fixed price terms, salaries rose even more in 2015, by 3%.

Among the highest salaries earners in 2015 were the 102,000 employees of banks and financial companies with an average salary of NIS 17,225. 151,000 employees of government companies earned an average salary of NIS 17,225. The average salary of hospital employees including doctors and nurses was NIS 15,611, and the average salary of 2 million private sector employees was NIS 10,041.

The average salary of government employees was NIS 13,245, while the average salary of local authority employees was NIS 8,236. The average salary in the NPO sector was NIS 8,282.

Published by Globes [online], Israel business news - www.globes-online.com - on March 7, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

payslip  picture: Tamar Matzapi
payslip picture: Tamar Matzapi
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