The cost of Israel's wars in Gaza, Lebanon, Syria and Iran since 7 October 2023 has reached nearly $205 billion, Israeli media reported.
The figure was included in a report on Zman Yisrael, the Hebrew-language service of The Times of Israel, which assessed the economic effect of the conflicts on public finances, production losses and US military support.
Citing Bank of Israel data, the report said the cost of the wars to the government has exceeded $118 billion.
Defence spending accounted for around $71.2 billion of the total, while compensation payments reached $9.6 billion, various civilian expenditures stood at $16.7 billion, and interest costs linked to higher public debt amounted to $5.5 billion.
The report put the value of US weapons, ammunition and military equipment supplied to Israel at around $26 billion.
The economic burden was not limited to public spending, estimating that lost output in the Israeli economy between October 2023 and the end of 2025 reached around $51.9 billion.
Unprecedented strain on economy
Taking into account developments in 2026, the report said the figure could exceed $58.6 billion.
When government expenditures, US aid, and lost production are combined, the total economic cost of the conflicts reaches nearly $205 billion, according to the report.
The calculation does not include individual losses not covered by the state or all private-sector losses, it said, adding that the burden could rise further if the conflicts continue.
The report also noted that increased public spending has led to higher taxes, added to the cost of living and weighed especially on small and medium-sized businesses.
It described the conflicts since 7 October as the most expensive military period in Israel's history in economic terms, with the consequences likely to continue for years.
