Eretz Nehederet (Hebrew: ארץ נהדרת; lit. 'It's a wonderful country') is an Israeli prime-time television satirical sketch comedy show that premiered on Keshet's Channel 2 in 2003. It features satirical references to current affairs of the past week through parodies of the people involved, as well as the thoughts of recurring characters. The program's concept is inspired by Saturday Night Live, The Daily Show and others. The program is one of the most watched and influential shows on Israeli television. It is also one of the longest-running scripted shows in Israeli television to date, running for 20 seasons as of 2022. Beginning with season 15, the program is aired on Keshet 12.

It was first filmed in Tel Aviv, and in later seasons, was filmed in the neighboring Herzliya.

The show features a regular cast of comedians and actors, including Tal Friedman (11 first seasons), Eyal Kitzis (the Jon Stewart-type host), Alma Zak, Orna Banai (6 first seasons), Shani Cohen (season 5 and on), Asi Cohen, Eli Finish, Mariano Edelman, Yuval Semo, Roey Bar Natan, Eran Zarachovitch, Yaron Berlad, Maor Cohen and Dov Navon (4 first seasons). During the third season, Asi Cohen started playing small roles on the show, and by the beginning of the fourth season (fall 2006), Cohen became a regular member.

Eretz Nehederet won the Israeli Television Academy's "Best Entertainment Program" in 2004 and again in 2006, and attracts millions of viewers every season. In a May 2008 poll, web surfers selected all the Season 5 Eretz Nehederet actors from into the top 60 Israeli comedians list. The top 7 spots were all taken by Eretz Nehederet, as well as #9 and #20.

In 2010, Erez Nehederet produced a satire feature film called Zohi Sdom (lit. 'This is Sodom').