search
Front > News

Average wage in Israel jumps again

Average wage in Israel credit: Shutterstock Rita Kapitulski
Average wage in Israel credit: Shutterstock Rita Kapitulski
4 Apr, 2024 13:17
שלח תגובה במיילAharon Katz

Initial figures for February 2024 show that the average monthly wage was NIS 13,297, up 10.7% from February 2023.

The average monthly wage in the Israeli economy rose again in January 2024, the Central Bureau of Statistics reports. The average wage in January was NIS 13,171, up 5.8% from January 2023, and adjusted for inflation the average wage in January 2024 was NIS 11,238, up 3.1% from January 2023.

Initial figures for February 2024 show that the average monthly wage was NIS 13,297, up 10.7% from February 2023.

The number of salaried employees in Israel in January 2024 was 3,906,000, up 0.5% from the previous month but down 2.5% from January 2023.

The average monthly salary in the tech sector in January 2024 was NIS 30,126, up 5.3% from January 2023. The number of salaried employees in the tech sector in January 2024 was 398,400, unchanged from January 2023.

Central Bureau of Statistics data indicate that although the increase in average wages continues, during the war those increases have been more moderate. Between November 2023 tand January 2024 (on an annualized basis), the average salary rose by 5.2%, compared with a 7.2% rise in August-October 2023. Adjusted for inflation, the rise in monthly wages during the war has amounted to 3.4%, compared with 4.6% in the months before the outbreak of the war in October.

Published by Globes, Israel business news - en.globes.co.il - on April 4, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Average wage in Israel credit: Shutterstock Rita Kapitulski
Average wage in Israel credit: Shutterstock Rita Kapitulski
Protection gangs burn cars in north credit: Northern Israel fire and rescue service Supreme Court deals more harshly with protection gangs

With the crime reaching plague proportions in Israel, justices are handing down stiffer prison sentences for protection racketeers.

Cyera founders Tamar Bar-Ilan ands Yotam Segev Photo: Menash Cohen Cyera raises $540m at $6b valuation

The Israeli cybersecurity company has doubled its valuation since its most recent financing round in November 2024.

Job candidates credit: Shutterstock/tsyhun Jobs scarce for juniors in Israel's tech industry

With AI taking over starters' functions, companies are requiring at least three years experience.

Hebrew Campus credit: Moshe Tzur Architects Apple leases space in Jerusalem near Hebrew University

The US tech giant already has a presence in Jerusalem on the Har Hotzvim technology park.

Cloud server farm credit: Shutterstock Gorodenkoff VAST Data seeks to raise funding at $25b

If the rapidly growing company, a partner of Nvidia, achieves this figure, it will be an impressive leap from its $9 billion valuation in 2023.

Shape AI founders Daniel Eisenberg, Eden Gaon and Ariel Schon credit: Leah Schon Cyera acquires Israeli startup Shape AI

Shape AI's investors include Wiz CEO Assaf Rappaport and former Hippo CEO Assaf Wand, through the Mensch Fund.

Itamar Ben-Gvir and Bezalel Smotrich credit: Yossi Zamir UK imposes sanctions on Smotrich and Ben-Gvir

The UK has joined New Zealand, Australia and Canada in imposing personal sanctions on the two ministers because of 'monstrous' statements about Gaza.

Tastewise founders Alon Chen and Eyal Gaon credit: Hadar Berl Israeli food intelligence platform Tastewise raises $50m

Tastewise supports 80% of the world’s top food and beverage companies, including Mars, Campbell’s, and Kraft Heinz.

Herzliya credit: Shutterstock Herzliya residents ranked as Israel's top earners

The cities at the bottom are mainly haredi and Arab, the National Insurance Institute reports.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Fiscal deficit narrows due to IAI dividend

This was the eighth consecutive month that the fiscal deficit narrowed but only due to a NIS 1.6 billion dividend paid to the state by Israel Aerospace Industries.

easyJet credit: Shutterstock easyJet extends Israel flight suspension until August

The UK low-cost airline had previously said that it would resume flights to Tel Aviv on July 1.

Dikla Czaczkes Akselbrad credit: Yossi Lazarov PolyPid reports positive phase 3 surgical infection drug trial

The Israeli company's treatment is a delayed-release antibiotic administered in the area where the patient has undergone surgery.

Miri Regev credit: Marc Israel Sellem/The Jerusalem Post Transport Ministry allocated NIS 40m for advertising fare reform

With ministries' spending being cut on all sides to finance the war, government sources say the advertising budget is extraordinarily high.

Life sciences investment panel credit: PR Life sciences funding meets challenges in changing market

Investors highlighted challenges and strategic models in life sciences funding, in a forum co-hosted by Lipa Meir & Co.

Gali Baharav-Miara credit: Israel Bar Association spokesperson Attorney General summoned to pre-dismissal hearing

The ministerial committee set up at the behest of Minister of Justice Yariv Levin and authorized to discuss the ousting of Attorney General Gali Baharav Miara, has summoned her to a meeting next Tuesday.

Yali Rothenberg credit: Cadya Levy Israel's national debt jumped 17.9% in 2024

The sharp rise in the national debt is attributed to the needs in financing the war conducted throughout 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018