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NEWS
The Average Salary is Now NIS 6,928
by Yated Ne'eman Staff
The average gross salary in Israel was NIS 6,928 ($1690) at
the end of September, after a sharp 7% real increase in the
third quarter, compared to the corresponding quarter last
year, according to the Central Bureau of Statistics.
The highest increase was seen in the high-tech sector --
26%, to an average salary of NIS 20-25,000 ($5-6000), more
than three times the average salary of the rest of the
workers.
There were also high increases in the business services
sector (13.3%); electricity and water (11.7%); and banking
and insurance (10.8%).
There are particularly high salaries for electricity and
water employees. Israel Electric Corporation and Mekorot
employees earned an average of NIS 17,392 ($4,200) -- 2.5
times the average salary in the economy.
Bank, insurance companies and financial sector employees are
in third place in the wage table, earning an average NIS
12,012 ($2900), 73% above the average salary in the
economy.
The lowest salaries were paid to employees in cafes,
restaurants and other catering services -- only NIS 3,581
($875), 49% of the average salary in the economy. Salaries
in this sector have risen 5.5% since the beginning of the
year.
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