War on Gaza will cost the Israeli economy more than 17 billion dollars

TEL AVIV – The Israeli war on the Gaza Strip is expected to cost more than 70 billion shekels (17.2 billion dollars), which is approximately 3.5% of Israel's Gross Domestic Product (GDP), according to estimates by Metav Investments.اضافة اعلان

This estimate is higher than unofficial estimates by the Bank of Israel and the Ministry of Finance, which estimated the impact to be a loss of 2-3% of the GDP, according to Al Mamlaka.

The direct cost of Israel's war on Gaza, including ammunition and mobilizing reserve soldiers, will be approximately 25 billion shekels (6.17 billion dollars), which is double the cost of the Second Lebanon War.

Compensating all affected individuals and companies could reach 17 billion shekels (4.2 billion dollars), in addition to the loss of tax revenue due to a decrease in the GDP by 31 billion shekels (7.6 billion dollars).


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