Israel Says Economy Lost Over $57 Billion During Two Years of War in Gaza
Smoke billows following an airstrike in the Bureij camp for Palestinian refugees in Gaza Strip on Oct. 19.
Photographer: Eyad Baba/AFP/Getty ImagesIsrael lost 8.6% of annual gross domestic product, or 177 billion shekels ($57 billion), during the two years through 2025, figures that demonstrate the economic toll of the country’s state of near constant conflict.
The findings — published by the Bank of Israel in its 2025 annual report on Monday — pertain particularly to the war with Hamas in Gaza, which ran from the group’s 2023 attack on Israel until a ceasefire in October of last year. They also encompass operations in Lebanon.