Hebrew reports: Israel migration doubles
An Israeli document has revealed that the rate of Israeli emigration has increased by 50%, particularly among high earners and professionals in the fields of technology and medicine, with migration primarily occurring among age groups between 40 and 50 years old. This has resulted in tax losses estimated at around 1.2 billion shekels annually (approximately 400 million USD), with projections indicating that losses could reach 3.5 billion shekels (about 1.16 billion USD) over the next five years if current trends continue. The nature of the emigrants has changed as well, with their average annual income rising from 125,000 shekels in 2019 to 200,000 shekels in 2024, and the migration of workers in the technology and medical sectors has doubled. Data also show that 1% of young people aged 20 to 30 emigrated in 2023 and 2024, with an increasing exodus of the most productive and younger groups, due to reasons related to wars, rising living costs, and the political crisis.
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