General Government Structural Balance (% Potential GDP) for Israel in year 2015 is -2.845 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.
This makes Israel No. 49 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Israel is 1.96 less than the average.
In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Israel was -3.52 % General Government Structural Balance (% Potential GDP) for Israel in 2015 was or will be 19.18% less than it was or will be in 2014.
In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Israel was or will be -3.59 %, which is 26.29% more than the 2015 figure.