The Olam
The 2025 Aliyah Cohort: 21,900 Olim
Aliyah & Wealth Migration

The 2025 Aliyah Cohort: 21,900 Olim

The Olam Editorial Team
Feb 19, 2026, 7:00 PM EST

21,900 olim from 105 countries are expected in 2025. Western-country aliyah rose 23.6% year-over-year, with North America at a four-year high.

Originally published February 2026. Updated June 2026.

The headline number conceals more than it reveals.

According to the Ministry of Aliyah and Integration's 2025 year-end summary, 21,900 olim arrived in Israel from 105 countries. That is roughly one-third below 2024 in aggregate. Read at the country level, the picture changes entirely.

Strip Russia out and aliyah from Western countries rose 23.6% year over year, and 81% since 2023.

Country flows

Country / Region2025 OlimYoY
Russia~8,300−57%
North America (Nefesh B'Nefesh)~4,150+12%
France~3,300+45%
United Kingdom~840continued growth

Sources: Ministry of Aliyah and Integration, year-end 2025; Nefesh B'Nefesh, North America 2025 disclosure.

France is the steepest curve. Per the Ministry of Aliyah and Integration, French aliyah reached 3,300 in 2025, up from 2,228 in 2024 and 2,211 in 2023.

The United Kingdom is a quieter signal. 840 arrivals in 2025 mark a second consecutive year of upward growth.

Russia is the demographic hole. Arrivals fell from 19,500 to 8,300, a 57% decline.

North America: a four-year high

Per Nefesh B'Nefesh, 4,150 North American olim arrived in 2025 — the highest annual figure since 2021. That is a 12% increase year over year.

The motivation pattern has shifted. More than half of applicants cited solidarity with Israel since the Iron Swords War as a primary reason for aliyah, according to Nefesh B'Nefesh.

The application pipeline is the leading indicator. Files opened with Nefesh B'Nefesh rose roughly 50% cumulatively between 2022 and 2025 — from 8,943 to 13,389.

The demographic profile: 297 families, 946 children, 1,476 single adults, 548 retirees. Average age 31. Geographic concentration in New York, New Jersey, California, Maryland, Florida, and Illinois. Ninety-three physicians arrived through the International Medical Aliyah program.

The 2026 tax architecture

The financial regime around aliyah changed in March 2026. The Knesset Finance Committee approved a five-year income-tax exemption for new olim and returning residents, embedded in the 2026 state budget. The structure has three layers.

Layer one — the new five-year Israeli-income exemption. Per Herzog Fox & Neeman analysis: ₪600,000 in 2026, ₪1,000,000 each year in 2027 and 2028, ₪350,000 in 2029, ₪150,000 in 2030.

Layer two — the 10-year foreign-source exemption. Unchanged. Foreign brokerage gains, dividends, rental income, business income, and pensions remain Israeli-tax-exempt for a decade after arrival.

Layer three — the new worldwide disclosure regime. From January 1, 2026, olim must report worldwide income and foreign assets to the Israel Tax Authority. The exemption stays in place. The reporting privacy that prior cohorts enjoyed does not.

The eligibility window

Per the enacted budget law, the new five-year exemption applies to olim and returning residents who lived abroad for at least 10 years and immigrate between November 5, 2025 and December 31, 2026. The legacy regime resumes after that.

The framing in committee

Tax Authority representatives told the Finance Committee the benefit "will primarily affect populations with relatively high earning capacity," and that the cost is "expected to pay for itself."

Recruitment is being delivered in person. According to the Ministry of Aliyah and Integration, more than 20,000 prospective olim attended aliyah fairs worldwide in 2025. For the first time, fairs were held in Australia — Sydney and Melbourne — with Aliyah Minister Ofir Sofer participating directly.

What 2026 looks like

The pipeline. 13,389 application files were opened with Nefesh B'Nefesh in 2025 alone. If even a third convert in 2026, North American aliyah enters its highest sustained range since the early 2000s.

France. The 45% year-over-year rise came before the new tax reform was finalized. The 2026 wave likely arrives larger.

Cohort composition. The new five-year income-tax exemption is calibrated for high earners. The 10-year foreign-source rule has always favored migrants with international assets. The combined package — paired with the disclosure trade-off — produces a structurally different incoming cohort than prior years.

Israel's aliyah, tax, and diaspora-capital systems are converging into a new cross-border migration cycle.

Full Cluster Map

Israeli AI Companies & Infrastructure

All coverage →
Magic Software: The 35-Year Nasdaq Veteran
Israeli AI Companies & Infrastructure · Sep 17, 2026, 9:00 AM EDT
Magic Software: The 35-Year Nasdaq Veteran

Magic Software Enterprises (formerly Nasdaq/TASE: MGIC). Founded 1983 in Or Yehuda by David Assia and Yaki Dunietz. Enterprise app-dev platf…

WalkMe: The SAP $1.5B Acquisition
Israeli AI Companies & Infrastructure · Sep 16, 2026, 2:00 AM EDT
WalkMe: The SAP $1.5B Acquisition

WalkMe (formerly Nasdaq: WKME). Founded 2011 in Tel Aviv by Dan Adika, Rafael Sweary, Eyal Cohen. Digital adoption platform. Acquired by SAP…

The Kosher Economy

All coverage →
The Kosher Price Premium
The Kosher Economy · Sep 16, 2026, 5:00 AM EDT
The Kosher Price Premium

Kosher meat costs roughly double. Packaged goods carry a 7–30% premium. Passover staples spike every spring. The price of keeping kosher in…

The Kosher Economy: The Olam Guide
The Kosher Economy · Sep 13, 2026, 1:44 AM EDT
The Kosher Economy: The Olam Guide

The kosher economy runs $400B+ in certified product value, a Big Five of competing certifiers, and a global restaurant and grocery scene fro…

Luxury & UHNW Lifestyle

All coverage →
Matan Adelson Marries Yahav Chaliva at Timna Park
Luxury & UHNW Lifestyle · Sep 10, 2026, 5:22 AM EDT
Matan Adelson Marries Yahav Chaliva at Timna Park

Matan Adelson, the youngest son of Miriam Adelson, married longtime partner Yahav Chaliva in a five-day celebration culminating at Timna Par…