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Israel continues to deploy soldiers, tanks and armored vehicles near the Gaza border in Sderot, Israel on October 24, 2023.
Israel continues to deploy soldiers, tanks and armored vehicles near the Gaza border in Sderot, Israel on October 24, 2023.

Photo by Mostafa Alkharouf/Anadolu via Getty Images

  • Israel's war with Hamas is costing the country the equivalent of 10% of GDP, the central bank's governor said.
  • The Bank of Israel has estimated that it will cost about $58 billion between 2023 and 2025.
  • That doesn't include lost revenue or more permanent spending needs.

The Hamas war will cost Israel the equivalent of a 10th of the country's GDP, the central bank's chief said on Wednesday.

Tags
economy, Markets, israel-hamas, War, Spending, central-bank, Israel, shekel
Source
Israel's central bank estimates spending to fight Hamas will be about 10% of GDP