Research & Statistics
Israel has a technologically advanced market economy with substantial government participation. 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.
GDP 2003-2005: The economy rebounded in 2003 and 2004, growing at a 4% rate each year, as the government tightened fiscal policy and implemented structural reforms to boost competition and efficiency in the markets. In 2005, rising consumer confidence, tourism and foreign direct investment - as well as higher demand for Israeli exports - boosted GDP by 4.3%.
GDP (Purchasing Power Parity): $139.2 billion
GDP (Real Growth Rate): 4.3%
GDP Per Capita/Purchasing Power Parity: $22,200
Labor Force: 2.42 million
Labor Force By Occupation: agriculture, forestry, and fishing 2.6%, manufacturing 20.2%, construction 7.5%, commerce 12.8%, transport, storage, and communications 6.2%, finance and business 13.1%, personal and other services 6.4%, public services 31.2% (1996)
Unemployment Rate: 8.9%
Household Income or Consumption By Percentage: lowest 10%: 2.4%, highest 10%: 28.3% (1997)Distribution of Family Income (Gini Index): 34 (2005 est.)
Inflation Rate (Consumer Prices): 1.3%
Investment (Growth Fixed): 17.5% of GDP ((2005 est.)
Budget: Revenues: $43.82 billion, Expenditures: $58.04 billion
Agriculture Products: citrus, vegetables, cotton; beef, poultry, dairy products
Industries: high-technology projects (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, metal products, chemical products, plastics, diamond cutting, textiles and footwear
More Statistics About Israel’s Economy at:
* compiled from the CIA World Fact Book 2005 |
