Economy - overview:
Israel has a technologically advanced market economy. It depends on imports of crude oil, grains, raw materials, and military equipment. Cut diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals - following years of prudent fiscal policy and a resilient banking sector. The economy has recovered better than most advanced, comparably sized economies. In 2010, Israel formally acceded to the OECD. Natural gasfields discovered off Israel's coast during the past two years have brightened Israel's energy security outlook. The Leviathan field was one of the worlds's largest offshore natural gas finds this past decade. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Israel on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Israel Economy 2012 information contained here. All suggestions for corrections of any errors about Israel Economy 2012 should be addressed to the CIA.
$235.1 billion (2011 est.)
country comparison to the world: 52
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$245.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
4.8% (2011 est.)
country comparison to the world: 82
[see also: GDP - real growth rate country ranks ]
$31,000 (2011 est.)
country comparison to the world: 41
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 2.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 31.2%
[see also: GDP - composition by sector - industry country ranks ]
services: 64.7% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
3.227 million (2011 est.)
country comparison to the world: 100
[see also: Labor force country ranks ]
agriculture: 2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 16%
[see also: Labor force - by occupation - industry country ranks ]
services: 82% (September 2008)
[see also: Labor force - by occupation - services country ranks ]
5.6% (2011 est.)
country comparison to the world: 55
[see also: Unemployment rate country ranks ]
23.6%
note: Israel's poverty line is $7.30 per person per day (2007)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 24.3% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
39.2 (2008)
country comparison to the world: 69
[see also: Distribution of family income - Gini index country ranks ]
18.8% of GDP (2011 est.)
country comparison to the world: 137
[see also: Investment (gross fixed) country ranks ]
revenues: $68.29 billion
[see also: Budget revenues country ranks ]
expenditures: $75.65 billion (2011 est.)
[see also: Budget expenditures country ranks ]
28.5% of GDP (2011 est.)
country comparison to the world: 97
[see also: Taxes and other revenues country ranks ]
-3% of GDP (2011 est.)
country comparison to the world: 105
[see also: Budget surplus (+) or deficit (-) country ranks ]
74% of GDP (2011 est.)
country comparison to the world: 28
[see also: Public debt country ranks ]
3.2% (2011 est.)
country comparison to the world: 59
[see also: Inflation rate (consumer prices) country ranks ]
2.75% (31 December 2011 est.)
country comparison to the world: 108
[see also: Central bank discount rate country ranks ]
5.5% (31 December 2011 est.)
country comparison to the world: 167
[see also: Commercial bank prime lending rate country ranks ]
$32.3 billion (31 December 2011 est.)
country comparison to the world: 57
[see also: Stock of narrow money country ranks ]
$208.8 billion (31 December 2009 est.)
country comparison to the world: 39
[see also: Stock of broad money country ranks ]
$186.9 billion (31 December 2011 est.)
country comparison to the world: 40
[see also: Stock of domestic credit country ranks ]
$218.1 billion (31 December 2010)
country comparison to the world: 31
[see also: Market value of publicly traded shares country ranks ]
citrus, vegetables, cotton; beef, poultry, dairy products
high-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metals products, chemical products, plastics, diamond cutting, textiles, footwear
5.2% (2011 est.)
country comparison to the world: 63
[see also: Industrial production growth rate country ranks ]
53.04 billion kWh (2008 est.)
country comparison to the world: 46
[see also: Electricity - production country ranks ]
47.16 billion kWh (2008 est.)
country comparison to the world: 48
[see also: Electricity - consumption country ranks ]
3.666 billion kWh (2008 est.)
[see also: Electricity - exports country ranks ]
3.666 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]
4,029 bbl/day (2010 est.)
country comparison to the world: 97
[see also: Oil - production country ranks ]
238,000 bbl/day (2010 est.)
country comparison to the world: 52
[see also: Oil - consumption country ranks ]
86,010 bbl/day (2009 est.)
country comparison to the world: 67
[see also: Oil - exports country ranks ]
282,200 bbl/day (2009 est.)
country comparison to the world: 40
[see also: Oil - imports country ranks ]
1.55 billion cu m (2009 est.)
country comparison to the world: 60
[see also: Natural gas - production country ranks ]
3.25 billion cu m (2009 est.)
country comparison to the world: 69
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 117
[see also: Natural gas - exports country ranks ]
1.7 billion cu m (2009 est.)
country comparison to the world: 50
[see also: Natural gas - imports country ranks ]
198.2 billion cu m (1 January 2011 est.)
country comparison to the world: 45
[see also: Natural gas - proved reserves country ranks ]
$866.7 million (2011 est.)
country comparison to the world: 48
[see also: Current account balance country ranks ]
$62.5 billion (2011 est.)
country comparison to the world: 54
[see also: Exports country ranks ]
machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel
US 32.1%, Hong Kong 6.3%, India 5.1%, Belgium 5.1% (2010)
$70.62 billion (2011 est.)
country comparison to the world: 47
[see also: Imports country ranks ]
raw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goods
US 12.8%, China 8.1%, Germany 6.3%, Belgium 5.8%, Switzerland 4.6%, Italy 4.2% (2010)
$78.93 billion (31 December 2011 est.)
country comparison to the world: 25
[see also: Reserves of foreign exchange and gold country ranks ]
$112 billion (31 December 2011 est.)
country comparison to the world: 39
[see also: Debt - external country ranks ]
$82.82 billion (31 December 2011 est.)
country comparison to the world: 43
[see also: Stock of direct foreign investment - at home country ranks ]
$68.87 billion (31 December 2011 est.)
country comparison to the world: 30
[see also: Stock of direct foreign investment - abroad country ranks ]
new Israeli shekels (ILS) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12