34 parties are competing in the upcoming Israeli national elections to be held on Tuesday, January 22, 2013. Elections to the Knesset are based on a vote for a party rather than for individuals, and the entire country constitutes a single electoral constituency.
The 120 Knesset seats are assigned in proportion to each party's percentage of the total national vote. However, the minimum required for a party to win a Knesset seat is 2% of the total votes cast.