According to a BDI report, if Israel launches an assault against Iran, a war that would follow would carry a price tag of 167 billion NIS including direct and indirect damages from the conflict. Direct damage from the warfare is predicted to reach 47 billion NIS in addition to a loss of production amounting to 24 billion NIS annually for the next five years due to the collapse of infrastructure.
The report analyzes the damages in the Second Lebanon War, comparing that sum to an ‘all out’ war today. In the Second Lebanon War, the main damage was in the north, where 20% of the nation’s GDP.
Experts believe that in a war resulting from an assault, the center of the country would also be targeted and this area accounts for 70% of the nation’s GDP (Gross Domestic Production). The GDP in 2011 was 870 billion NIS.
Some of the damages are difficult to predict the experts explain, including the loss of clients abroad and the closing down of business that do not ride out the storm of the loss during wartime.
(YWN – Israel Desk, Jerusalem)