Total quarterly value of credit card spending in Israel 2022-2024, by business size

Published by Statista Research Department, Aug 6, 2024

In the first quarter of 2024, the total value of credit card transactions in large businesses in Israel reached over 81.5 billion Israeli shekels (around 21.6 billion U.S. dollars). Similarly, credit card spending in small businesses grew to over 20 billion Israeli shekels (around 5.4 billion U.S. dollars). In the fourth quarter of 2023, following the start of the Israel-Hamas war on October 7th, card payments in the country fell sharply. This was accompanied by a significant decline in consumer confidence. 

Total quarterly value of credit card transactions in Israel from 1st quarter 2022 to 1st quarter 2024, by business size (in billion Israeli shekels)

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Release date

June 2024

Region

Israel, MENA

Survey time period

Q1 2022 to Q1 2024

Supplementary notes

Currency conversion rate as of 07/02/2024, 1 USD = 3.77 ILS.

A small business is defined as a business with a quarterly settlement turnover below 0.5 million Israeli shekels; a medium business has a turnover above 0.5 million and below 5 million Israeli shekels; a large business has a turnover above 5 millions Israeli shekels.

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