Israels War on Gaza by the Numbers Revealed in New Report

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Israel’s Conflict with Gaza: Economic Toll Revealed

Since October 2023, Israel has invested significant resources into its war on Gaza, resulting in substantial economic costs. According to estimates, the total economic toll of the conflict is approximately $112 billion.

The Bank of Israel reports that the overall cost includes direct defense expenses totaling around $77 billion, as well as civilian outlays and interest payments. Additionally, the property tax compensation fund has incurred costs of about $10.5 billion.

Former chief military economic adviser Gil Pinchas estimates that the total cost to Israel is approximately $48 billion, with an average daily expenditure of $96 million. The Israeli army’s price book, which tracks expenses for combat items such as fuel and munitions, is updated constantly during conflicts.

Israel has spent around 340 billion shekels ($108 billion) on munitions since the war began, although not all of this amount has been used. A significant portion of these funds has also gone towards purchasing arms from Israeli manufacturers to offset the economic impact on the country.

The cost of maintaining a large military force is substantial. Israel deployed over 300,000 reservists to Gaza during the first year of the conflict, in addition to 170,000 active-duty personnel. The treasury reports that around $22.3 billion has been spent on reserve forces alone.

Other estimates suggest that Israel’s war on Iran was costing around $200 million per day, with missiles used to intercept Iranian rockets reaching up to $4 million each. A separate attack on the Lebanese group Hezbollah in September 2024 resulted in an estimated loss of one billion shekels ($318 million).

These figures provide a glimpse into the economic costs of Israel’s conflict with Gaza.

Source: Al Jazeera