Hassan Al-Somal
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We can use some of the data available based on several factors:
1.) Israel manufacturers association estimated a loss $166 million in three days of the conflict. The war on Gaza continued unto May 21. Based on this estimate you can say close to $500 million damage.
2.) IDF reported 1500 Iron dome interceptions over the course of the war on Gaza. The new interceptors are more advanced than previous ones and cost more to make. But, they also achieved economies of scale with it, so let's put it at $40,000 per interceptor.
$40,000 * 1,500 = $60,000,000
3.) Ben Gurion Airport was shut down for incoming flights on May 11 of conflict on possible longer than that. Tourism and travel contribute to something like 5.9% of Israel's GDP. Around $23 billion in 2019. Israeli El Al Airlines posted $2.2 billion revenue in 2019. It had losses due to covid but made some recovery in 2021. So we make estimate for few days closure(lets meet in middle due to covid):
12,500,000,000/365*3 = 102,739,726
1,250,000,000/365*3 = 10,273,972
= $113,013,698.00 loss
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4.) Israeli military operational cost(minus Iron Dome):
There were 160 warplanes used, drones, naval warships, and artillery. Israeli government says 1,500 targets hit, so 1,500 sorties over the course of 10 days(links provided). According to Forbes article, bombs used were:
GBU-39
Mark 82,83,84
GBU-31 Bunker busters
Spice missiles
Spike missiles
Biden administration authorized a $735 million sale of these munitions to Israel during the fighting. On average each sortie could range from anywhere of 8 to dozens of missiles/bombs. When they were bombing roads in northern Gaza they were employing hundreds in the sorties using bunker busters. Also bunkers to try to damage other underground tunnels. So we are talking at least 5,000 missiles/bombs. The cost has to be at least 700 million to 1 billion. They also called up reserves to Gaza. Around 17,000 total.
5.) Hamas hit on oil tankers, offshore gas installations, and Israeli air bases:
Trans-Israel pipeline/tanker hit by Hamas rocket
Chevron closed Tamar gas platform off Gaza coast due to Hamas rockets
Hamas targeted Israeli military airbases, the alerts were viewable by Israel's rocket alert system, and they were clearly classified as military zones. Israel doesn't release any information in this regard.
We can say at least 50-100 million damage.
6.) Protests inside Israel led to night time curfew orders which caused more economic damage in millions.
7.) 3,424 claims of compensation for property damage have been filed by Israelis as a result of the fighting: 1,724 related to damage to motor vehicles. That is at least $50,000,000 in damages.
In total:
$1.6-2.0 billion US dollars economic cost in 10 day war with Gaza
Inshaa'Allah, they'll have more potent weapons next time the Palestinians come under attack. They need air defense, anti-ship, and bigger ballistic and cruise missiles.
