Economic Indicators - Israel Trade Commission, Sydney, Australia
Economic Indicators - Israel Trade Commission, Sydney, Australia
Economic Indicators - Israel Trade Commission, Sydney, Australia
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STATE OF ISRAEL<br />
MINISTRY OF FINANCE<br />
INTERNATIONAL AFFAIRS DEPARTMENT<br />
ECONOMIC HIGHLIGHTS<br />
4 th Quarter 2010<br />
Click to start<br />
See also: Summary of 2010 in the <strong>Israel</strong>i Economy
Contents<br />
<strong>Economic</strong> Figures<br />
Balances<br />
International Comparisons<br />
<strong>Israel</strong> and the OECD<br />
International Treaties<br />
Relevant Sites<br />
Note:<br />
You can return to the beginning<br />
of each chapter by clicking the<br />
emblem of <strong>Israel</strong> on the top of<br />
each slide.<br />
Contact Us
<strong>Economic</strong> Figures<br />
Main <strong>Economic</strong> <strong>Indicators</strong><br />
GDP and Business GDP<br />
Growth: <strong>Israel</strong> compared to the World<br />
Major GDP Components<br />
Exports of Goods and Services<br />
Main Trading Partners<br />
Foreign Investments<br />
Unemployment & Participation Rates<br />
Inflation Rate<br />
Inflation Rate Worldwide<br />
Growth of Main GDP Components 2008<br />
BACK TO CONTENTS
Main <strong>Economic</strong> <strong>Indicators</strong><br />
Criteria<br />
2008<br />
2009<br />
2009<br />
Q4<br />
2010<br />
Q1<br />
2010<br />
Q2<br />
2010<br />
Q3<br />
GDP<br />
(current prices in $B)*<br />
194.7<br />
196.3<br />
49.6<br />
50.0<br />
50.6<br />
51.1<br />
Real GDP Growth Rate<br />
(%)<br />
4.2%<br />
0.8%<br />
4.6%<br />
3.9%<br />
4.5%<br />
3.8%<br />
GDP per Capita<br />
(PPP adjusted)*<br />
28,715 $<br />
28,581$<br />
--<br />
--<br />
--<br />
--<br />
GDP per Capita Growth Rate<br />
(%, 2005 prices)<br />
2.4%<br />
-1.1%<br />
2.5%<br />
2.1%<br />
2.7%<br />
1.9%<br />
Exports (Goods & Services) $B*<br />
(As Percentage of GDP)<br />
87.8<br />
(45.1%)<br />
76.9<br />
(39.2%)<br />
20.9<br />
(42.2%)<br />
21.3<br />
(42.6%)<br />
22.0<br />
(43.5%)<br />
21.5<br />
(42.0%)<br />
Imports (Goods & Services) $B*<br />
(As Percentage of GDP)<br />
85.2<br />
(43.8%)<br />
73.2<br />
(37.3%)<br />
19.3<br />
(38.9%)<br />
20.2<br />
(40.3%)<br />
20.5<br />
(40.5%)<br />
20.2<br />
(39.6%)<br />
Unemployment Rate<br />
(%)<br />
6.1%<br />
7.6%<br />
7.3%<br />
6.9%<br />
6.4%<br />
6.6%<br />
*Current Prices, using a public exchange rate of 1$ = 3.59 NIS<br />
CONTINUE<br />
Source: Ministry of Finance, IMF
Main <strong>Economic</strong> <strong>Indicators</strong><br />
Criteria<br />
2006<br />
2007<br />
2008<br />
2009<br />
Total Gross Debt<br />
(% of GDP)<br />
84.3%<br />
77.8%<br />
77.1%<br />
79.3%<br />
Government Expenditure<br />
(Percentage of GDP)<br />
44.7%<br />
43.6%<br />
43.0%<br />
43.0%<br />
Current Account Surplus<br />
(% of GDP)<br />
5.1%<br />
2.9%<br />
0.8%<br />
3.9%<br />
Inflation Rate<br />
(CPI, yearly average)<br />
2.1%<br />
0.5%<br />
4.6%<br />
3.3%<br />
CONTINUE<br />
Source: Ministry of Finance
Main <strong>Economic</strong> <strong>Indicators</strong><br />
Rating Firm<br />
Term<br />
Domestic Bonds<br />
Rating<br />
Forecast<br />
Overseas Bonds<br />
Rating<br />
Moody's<br />
Long<br />
Short<br />
A1<br />
-<br />
Stable<br />
A1<br />
P1<br />
Standard & Poor's<br />
Long<br />
Short<br />
AA-<br />
A-1+<br />
Stable<br />
A<br />
A-1<br />
Fitch<br />
Long<br />
Short<br />
A+<br />
-<br />
Stable<br />
A<br />
F1<br />
Moody's / S&P & Fitch<br />
A1/A+<br />
All 3 rating firms have reaffirmed <strong>Israel</strong>’s rating, without any downgrade,<br />
during the global economic crisis in 2009.<br />
A2/A<br />
Baa1/BBB+<br />
Baa2/BBB<br />
Aa3/AA-<br />
A3/A-<br />
Baa3/BBB-<br />
Moody's S&P Fitch<br />
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009<br />
CONTINUE<br />
Source: Ministry of Finance
GDP and Business GDP<br />
Annual rate of change (%), in Constant Prices<br />
8%<br />
7.0%<br />
7%<br />
6%<br />
5%<br />
4.9%<br />
5.8%<br />
5.7%<br />
5.3%<br />
5.9%<br />
4.2%<br />
4.7%<br />
4.6%<br />
4.7%<br />
3.9%<br />
4.8%<br />
4.5%<br />
5.1%<br />
3.8%<br />
3.9%<br />
4%<br />
3%<br />
2%<br />
1%<br />
0%<br />
-1%<br />
0.8%<br />
2005 2006 2007 2008 2009 2009 Q4 2010 Q1 2010 Q2 2010 Q3<br />
0.1%<br />
-2%<br />
-3%<br />
-4%<br />
-5%<br />
-6%<br />
In recent years, prior to the global economic<br />
crisis, the <strong>Israel</strong>i economy experienced high<br />
growth rates<br />
GDP Business GDP<br />
Since Q2 2009, <strong>Israel</strong> is experiencing<br />
constant positive growth, indicating a fast<br />
recovery from the global economic crisis<br />
CONTINUE<br />
Source: Ministry of Finance.
GDP Growth<br />
<strong>Israel</strong> compared to Advanced Economies*<br />
(Annual rate of change (%), in constant prices)<br />
5.6%<br />
5.1%<br />
4.9%<br />
5.7%<br />
5.3%<br />
4.6%<br />
4.2%<br />
3.6%<br />
2.6%<br />
3.2%<br />
2.7%<br />
3.0%<br />
2.7%<br />
1.9%<br />
1.6%<br />
1.5%<br />
0.8%<br />
0.5%<br />
0.2%<br />
-0.5%<br />
-1.5%<br />
-2.5%<br />
2003 2004 2005 2006 2007 2008 2009<br />
Since 2004, <strong>Israel</strong>’s growth rate has exceeded the average growth rate of advanced<br />
economies.<br />
In 2009, as most of the world experienced a decline in GDP, <strong>Israel</strong><br />
experienced a 0.8% growth in it’s GDP<br />
-3.5%<br />
Advanced Economies *<br />
<strong>Israel</strong> Growth<br />
-3.2%<br />
CONTINUE<br />
Source: Ministry of Finance
Major GDP Components<br />
(Annual rate of change (%), in constant prices)<br />
20.00%<br />
15.00%<br />
13.6%<br />
14.7%<br />
Global <strong>Economic</strong> Crisis<br />
9.3%<br />
10.00%<br />
5.00%<br />
3.2%<br />
1.8%<br />
3.4%<br />
4.3%<br />
4.3%<br />
3.1%<br />
5.9%<br />
6.3%<br />
3.1%<br />
3.0%<br />
2.1%<br />
3.9%<br />
5.9%<br />
2.2%<br />
1.4%<br />
0.00%<br />
2005 2006 2007 2008 2009<br />
-5.00%<br />
In 2009, due to the global economic crisis, Investment in Fixed Assets and Export of<br />
Goods and Services contracted severely.<br />
-5.8%<br />
-10.00%<br />
-15.00%<br />
However, the strength and resiliency of <strong>Israel</strong>'s economy in a time of crisis is<br />
demonstrated by the positive growth of both Private Consumption and Government<br />
Consumption during the same period.<br />
Private Consumption Government Consumption Investment in Fixed Assets Exports of Goods and Services<br />
-12.5%<br />
CONTINUE<br />
Source: Ministry of Finance
Exports of Goods and<br />
Services ($B)*<br />
90.0<br />
80.0<br />
Services<br />
Global<br />
<strong>Economic</strong><br />
Crisis<br />
70.0<br />
Goods<br />
24.1<br />
60.0<br />
50.0<br />
40.0<br />
30.0<br />
20.0<br />
10.0<br />
11.9<br />
27.5<br />
13.4<br />
30.2<br />
16.0<br />
36.7<br />
17.4<br />
39.8<br />
19.3<br />
43.3<br />
21.1<br />
50.3<br />
57.2<br />
22.0<br />
45.9<br />
0.0<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
* In current prices<br />
CONTINUE<br />
Source: Ministry of Finance
<strong>Israel</strong>’s Main Trading Partners<br />
(US$ Billions)<br />
16<br />
40<br />
35<br />
30<br />
16.8<br />
Exports<br />
2008<br />
2009<br />
14<br />
12<br />
10<br />
5.8<br />
Imports<br />
2008<br />
2009<br />
25<br />
8<br />
20<br />
6<br />
3.5<br />
3.4 3.3 2.6<br />
15<br />
4<br />
2<br />
8<br />
4.2 3.9 4 4.2<br />
2.1<br />
1.9 1.9<br />
1.5<br />
1.4<br />
2.6 2.5 2.5 2.2 1.9<br />
10<br />
20.0<br />
0<br />
5<br />
3.8<br />
2.4<br />
0<br />
3.3<br />
4.6<br />
1.8<br />
1.6 1.4 1.4<br />
1.1<br />
1.1 1.0<br />
2.3 2.0 2.0 1.9 1.3 1.7 1.6<br />
*Since July 1997 the data on trade with Hong-Kong is added to the data on China<br />
CONTINUE<br />
Source: Central Bureau of Statistics
<strong>Israel</strong>’s Main Trading Partners<br />
(US$ Billions)<br />
25<br />
20<br />
18.7<br />
20.1<br />
15<br />
10<br />
16.4<br />
10.8<br />
13.5<br />
15.9<br />
15.3<br />
12.0<br />
Exports<br />
5<br />
6.2<br />
8.1 8.3<br />
European Union<br />
6<br />
25<br />
0<br />
Asia<br />
United states<br />
20<br />
15<br />
18<br />
18.9<br />
16.0<br />
20<br />
17.8<br />
16.8<br />
Imports<br />
10<br />
12.8<br />
8.6<br />
9.8<br />
12.1<br />
12.4<br />
9.5<br />
5<br />
0<br />
European Union<br />
Asia<br />
United states<br />
CONTINUE<br />
Source: Central Bureau of Statistics
Net Foreign Investments in <strong>Israel</strong><br />
(In $ Billion)<br />
25<br />
20<br />
15<br />
Direct Investments<br />
Total Investments<br />
15.3<br />
19.4<br />
14.1<br />
Global <strong>Economic</strong> Crisis<br />
10<br />
9.5<br />
8.3<br />
8.8<br />
10.9<br />
10.1<br />
10<br />
25.8<br />
5<br />
1.7<br />
4.9<br />
3.3<br />
4.3<br />
2.4<br />
4.3<br />
3.9<br />
14.7<br />
0<br />
2002 2003 2004 2005 2006 2007 2008 2009 2010*<br />
* January-September 2010<br />
Source: Ministry of Finance<br />
CONTINUE
Unemployment and Participation<br />
(As % of Total Labor Force)<br />
8.0%<br />
59.0%<br />
7.7%<br />
7.5%<br />
7.8%<br />
58.5%<br />
7.5%<br />
7.3%<br />
57.8%<br />
58.0%<br />
7.0%<br />
6.5%<br />
56.9%<br />
56.8%<br />
56.8%<br />
6.9%<br />
57.1%<br />
57.5%<br />
57.0%<br />
6.5%<br />
6.0%<br />
56.8%<br />
56.9%<br />
As <strong>Israel</strong> grows out of the global recession, since the<br />
2 nd quarter of 2009 unemployment is decreasing, hand<br />
in hand with an increase in participation rate since the<br />
1 st quarter of 2010.<br />
56.6%<br />
6.4%<br />
6.6%<br />
56.5%<br />
56.0%<br />
55.5%<br />
5.5%<br />
Unemployment Rate<br />
55.0%<br />
5.0%<br />
Participation in the Labor Force<br />
Q4 2009 Q1 Q2 Q3 Q4 2010 Q1 Q2 Q3<br />
54.5%<br />
CONTINUE<br />
Source: Ministry of Finance
Inflation Rate<br />
(Rate of Change in CPI, yearly average)<br />
5%<br />
4.6%<br />
4%<br />
3.3%<br />
3%<br />
2.7%<br />
2%<br />
2.1%<br />
1.3%<br />
1%<br />
0.7%<br />
0.5%<br />
0%<br />
2003 2004 2005 2006 2007 2008 2009 2010<br />
-0.4%<br />
-1%<br />
CONTINUE<br />
Source: Central Bureau of Statistics, Ministry of Finance
Inflation Rate Worldwide<br />
(Annual rate of change in CPI)<br />
7%<br />
2008 (left column)<br />
The <strong>Israel</strong>i economy demonstrated a high level of stability<br />
compared to other countries throughout the global economic crisis<br />
5%<br />
4.6%<br />
2009 (right column)<br />
4.5%<br />
3.7%<br />
3.8%<br />
3.9%<br />
3%<br />
3.3%<br />
2.4%<br />
2.7%<br />
2.2%<br />
3.1%<br />
2.7%<br />
1.4%<br />
1.6%<br />
1%<br />
0.2%<br />
0.0%<br />
-1%<br />
<strong>Israel</strong><br />
Japan<br />
-1.4%<br />
Switzerland<br />
-0.5%<br />
Portugal<br />
-0.9%<br />
Norway<br />
USA<br />
-0.3%<br />
Finland<br />
Ireland<br />
-1.7%<br />
Germany<br />
Belgium<br />
-3%<br />
CONTINUE<br />
Sources: Ministry of Finance, IMF
Growth of Main GDP<br />
Components for Previous Year<br />
Criteria<br />
2009<br />
Real GDP<br />
+ 0.8%<br />
Business GDP<br />
+ 0.1%<br />
Exports<br />
- 12.5%<br />
Private Consumption<br />
+ 1.4%<br />
Public Consumption<br />
+ 2.2%<br />
Investment in Fixed Assets<br />
- 5.8 %<br />
NEXT CHAPTER: BALANCES<br />
BACK TO CONTENTS<br />
Source: Ministry of Finance
Balances<br />
Gross Public Debt<br />
Budget Deficit – Target and Execution<br />
Budget Deficit and General Government Expenditure<br />
Current Account and Net Foreign Debt<br />
Gross Tax Burden<br />
BACK TO CONTENTS
Gross Public Debt<br />
(as percentage of GDP)<br />
Since 2003, gross public debt has been on a consistent downward trend, only interrupted by the<br />
extraordinary circumstances surrounding the 2009 global economic crisis<br />
105%<br />
99.0%<br />
100%<br />
97.4%<br />
95%<br />
93.8%<br />
90%<br />
85%<br />
84.3%<br />
Global<br />
<strong>Economic</strong><br />
Crisis<br />
80%<br />
77.8%<br />
77.1%<br />
79.3%<br />
75%<br />
2003 2004 2005 2006 2007 2008 2009<br />
CONTINUE<br />
Source: Ministry of Finance
Budget Deficit – Target and Execution<br />
(in NIS million, Current prices)<br />
4500<br />
2008 Q4 2008 Total 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Total 2010 Q1 2010 Q2 Q3<br />
-5500<br />
-5,273<br />
-4,452<br />
-3433<br />
-6523<br />
-3579<br />
-15500<br />
-16,460<br />
-11,450<br />
-15,180<br />
-13,501<br />
-16,061<br />
-25500<br />
For the first time in its history, <strong>Israel</strong> enacted a biennial<br />
budget for the years 2009-2010<br />
In 2009 <strong>Israel</strong> came in under budget target.<br />
-35500<br />
-45500<br />
Quarterly Budget Execution<br />
Yearly Budget Execution<br />
Yearly Budget Target<br />
-39,286<br />
-44,355<br />
CONTINUE<br />
Source: Ministry of Finance
Budget Deficit and<br />
General Government Expenditure<br />
2009<br />
5.2%<br />
2008<br />
2.2%<br />
2007<br />
2006<br />
0.0%<br />
0.9%<br />
General Government<br />
Expenditure (% of GDP)<br />
2005<br />
1.8%<br />
2004<br />
3.5%<br />
43.0%<br />
2009<br />
0% 1% 2% 3% 4% 5%<br />
43.0%<br />
2008<br />
Budget Deficit<br />
43.6%<br />
2007<br />
(% of GDP)<br />
44.7%<br />
2006<br />
45.3%<br />
2005<br />
47.3%<br />
2004<br />
48%<br />
47%<br />
46%<br />
45%<br />
44%<br />
43%<br />
42%<br />
41%<br />
40%<br />
CONTINUE<br />
Source: Ministry of Finance
Current Account Balance and<br />
Net Foreign Debt<br />
Since 2003, the current account balance is positive, and is accompanied by a decrease of net foreign debt<br />
30%<br />
25%<br />
23.1% 23.2%<br />
26.1%<br />
20%<br />
Current Account Surplus<br />
(% of GDP)<br />
15%<br />
10.6%<br />
14.2%<br />
10%<br />
5.0%<br />
4.0%<br />
5.1%<br />
3.9%<br />
5%<br />
0%<br />
1.7%<br />
4.4%<br />
2003 2004 2005 2006 2007 2008 2009<br />
3.0%<br />
2.0%<br />
2.3%<br />
3.1%<br />
2.9%<br />
Net Foreign Surplus*<br />
(% of GDP)<br />
1.0%<br />
1.2%<br />
0.8%<br />
0.0%<br />
2003 2004 2005 2006 2007 2008 2009<br />
-1.0%<br />
*Current Prices, using a public exchange rate of 1$ = 3.59 NIS<br />
CONTINUE<br />
Source: Ministry of Finance.
Gross Tax Burden<br />
(as % of GDP)<br />
35.5% 35.6% 35.8% 36.1%<br />
33.8%<br />
31.3%<br />
2004 2005 2006 2007 2008 2009<br />
OECD countries average: 34.8% (2008 average)<br />
NEXT CHAPTER: INTERNATIONAL COMPARISONS<br />
BACK TO CONTENTS<br />
Source: Ministry of Finance, OECD
International Comparisons<br />
IMD World Competitiveness Yearbook<br />
WEF Global Competitive Index<br />
Central Bank Interest Rates: <strong>Israel</strong> and U.S.A<br />
NASDAQ and Tel-Aviv 100 (monthly average)<br />
BACK TO CONTENTS
IMD World Competitiveness<br />
Yearbook 2010<br />
The Institute for Management<br />
Development ranked <strong>Israel</strong><br />
17 th<br />
out of 58 countries for 2010<br />
(<strong>Israel</strong> was ranked 24 th in 2009)<br />
CONTINUE<br />
Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010
IMD World Competitiveness<br />
Yearbook 2010<br />
Resilience of the economy<br />
Central bank policy<br />
Financial skills<br />
Entrepreneurship<br />
CONTINUE<br />
Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010
IMD World Competitiveness<br />
Yearbook 2010<br />
Venture capital<br />
Total expenditure on R&D<br />
Scientific research<br />
Skilled labor<br />
CONTINUE<br />
Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010
WEF Global Competitiveness<br />
Index 2010-2011<br />
The World <strong>Economic</strong> Forum<br />
ranked <strong>Israel</strong><br />
24 th<br />
out of 139 countries<br />
for 2010-2011<br />
CONTINUE<br />
Source: World <strong>Economic</strong> Forum, Global Competitiveness Index, 2010-2011
WEF Global Competitiveness<br />
Index 2010-2011<br />
Quality of scientific research institutions<br />
Utility patents per million population<br />
Strength of investor protection<br />
Availability of latest technologies<br />
CONTINUE<br />
Source: World <strong>Economic</strong> Forum, Global Competitiveness Index, 2010-2011
WEF Global Competitiveness<br />
Index 2009-2010<br />
Legal rights index<br />
Capacity for innovation<br />
Nature of competitive advantage<br />
Firm-level technology absorption<br />
CONTINUE<br />
Source: World <strong>Economic</strong> Forum, Global Competitiveness Index, 2010-2011
Central Bank Interest Rates:<br />
<strong>Israel</strong> and U.S.A<br />
4.5%<br />
4.0%<br />
3.5%<br />
3.0%<br />
The Bank of <strong>Israel</strong> was the first in the<br />
western world to raise interest since<br />
the outburst of the economic crisis.<br />
The rate was raised gradually from<br />
0.5% to 2%<br />
2.5%<br />
2.0%<br />
1.5%<br />
1.0%<br />
0.5%<br />
Bank of <strong>Israel</strong> Rate (BOI)<br />
U.S. Federal Funds Rate<br />
0.0%<br />
CONTINUE<br />
Source: Bank of <strong>Israel</strong> (BOI), Federal Reserve
NASDAQ & Tel Aviv 100<br />
(monthly average)<br />
4,000.00<br />
1200.00<br />
1100.00<br />
3,500.00<br />
1000.00<br />
3,000.00<br />
900.00<br />
800.00<br />
2,500.00<br />
700.00<br />
600.00<br />
2,000.00<br />
1,500.00<br />
Tel Aviv 100 corresponds with the<br />
NASDAQ to current events<br />
Nasdaq (left scale)<br />
Tel Aviv 100 (right scale)<br />
500.00<br />
400.00<br />
300.00<br />
1,000.00<br />
3<br />
4<br />
5<br />
6<br />
Jul 2006<br />
8<br />
9101112<br />
Jan 2007<br />
2<br />
3<br />
4<br />
5<br />
6<br />
July 2007<br />
8<br />
9101112<br />
Jan 2008<br />
2<br />
3<br />
4<br />
5<br />
6<br />
July 2008<br />
8<br />
9101112<br />
Jan 2009<br />
2<br />
3<br />
4<br />
5<br />
6<br />
July 2009<br />
8<br />
9101112<br />
Jan 2010<br />
2<br />
3<br />
4<br />
5<br />
6<br />
7<br />
8<br />
91011<br />
200.00<br />
NEXT CHAPTER: ISRAEL AND THE OECD<br />
BACK TO CONTENTS<br />
Source: Ministry of Finance
<strong>Israel</strong> and the OECD<br />
<strong>Israel</strong> was invited to join the OECD on May 10, 2010, and officially joined on May<br />
27, 2010.<br />
Expenditure on R&D<br />
Real GDP Growth<br />
GDP per Capita<br />
Unemployment<br />
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Expenditure on R&D<br />
(as percentage of GDP, 2008)<br />
<strong>Israel</strong> is ranked 1 st of all OECD countries by expenditure on R&D (research & development)<br />
5.00<br />
as percentage of GDP (4.864 %), demonstrating innovation, development and creativity.<br />
4.86<br />
4.50<br />
4.00<br />
3.50<br />
3.00<br />
2.50<br />
2.28<br />
0.50<br />
0.00<br />
Mexico<br />
Slovak Republic<br />
Greece<br />
Poland<br />
Chile<br />
Turkey<br />
India<br />
Hungary<br />
Russian Federation<br />
Br azil<br />
Italy<br />
New Zealand<br />
Estonia<br />
Spain<br />
Ireland<br />
China<br />
Czech Republic<br />
Portugal<br />
Nor way<br />
Luxembour g<br />
Slovenia<br />
Nether lands<br />
Canada<br />
United Kingdom<br />
Belgium<br />
France<br />
<strong>Australia</strong><br />
OECD total<br />
Germany<br />
Iceland<br />
Austria<br />
Denmark<br />
United States<br />
South Africa<br />
Switzerland<br />
Korea<br />
Japan<br />
Finland<br />
Sweden<br />
<strong>Israel</strong><br />
2.00<br />
1.50<br />
1.00<br />
Source: OECD<br />
CONTINUE
Real GDP Growth<br />
(3-year average at end of period)<br />
<strong>Israel</strong>’s 3-year average growth rate is higher then most OECD members.<br />
For <strong>Israel</strong>’s year-on-year graph, see slide no.7<br />
12<br />
9<br />
6<br />
3<br />
0<br />
-3<br />
Italy<br />
Portugal<br />
Japan<br />
New Zea land<br />
Source: OECD<br />
2.13<br />
Den mark<br />
France<br />
United Sta tes<br />
Hun gary<br />
Can ada<br />
United Kingdo m<br />
OECD to tal<br />
Swed en<br />
Belgiu m<br />
Germa ny<br />
Norway<br />
Irelan d<br />
Spain<br />
Switzerland<br />
Net herlands<br />
Austria<br />
<strong>Australia</strong><br />
Mexico<br />
Finland<br />
Greece<br />
Iceland<br />
Luxembou rg<br />
Turkey<br />
Korea<br />
Chile<br />
Estonia<br />
South Africa<br />
<strong>Israel</strong><br />
4.83<br />
Brazil<br />
Czech Republic<br />
Slove nia<br />
Indon esia<br />
Poland<br />
Russia n Fed eration<br />
Slova k Republic<br />
India<br />
China<br />
CONTINUE
GDP per capita<br />
(current prices in US$, current PPP’s, 2008)<br />
For <strong>Israel</strong>’s adjusted PPP GDP Per Capita, see<br />
slide no.4<br />
60 000<br />
50 000<br />
40 000<br />
30 000<br />
20 000<br />
10 000<br />
0<br />
India<br />
Indon esia<br />
China<br />
South Africa<br />
* Estimated<br />
Source: OECD<br />
Bra zil<br />
Turkey<br />
Chile<br />
Mexico<br />
Poland<br />
Hun gary<br />
Estonia<br />
Slova k Republic<br />
Portugal<br />
Czech Rep ublic<br />
New Zea land<br />
Korea<br />
Slove nia<br />
<strong>Israel</strong><br />
Greece<br />
Italy<br />
Spain<br />
27 902<br />
33 732<br />
France<br />
OECD to tal<br />
Japan<br />
Belgiu m<br />
Germa ny<br />
United Kingdo m<br />
Finland<br />
Swed en<br />
Den mark<br />
Iceland<br />
Austria<br />
<strong>Australia</strong><br />
Can ada<br />
Net herlands<br />
Irelan d<br />
Switzerland<br />
United Sta tes<br />
Norway<br />
Luxembou rg<br />
CONTINUE
Unemployment Rate<br />
(Average 2006-2008 or latest available period)<br />
<strong>Israel</strong>’s unemployment grew mildly compared with some OECD<br />
members during 2009, with the global economic crisis in background.<br />
12<br />
10<br />
For <strong>Israel</strong>’s unemployment, see<br />
slide no.14<br />
8<br />
6<br />
4<br />
2<br />
0<br />
Iceland<br />
Norway<br />
Net herlands<br />
Source: Ministry of Finance, OECD<br />
Korea<br />
Switzerland<br />
Den mark<br />
Mexico<br />
New Zea land<br />
Japan<br />
Austria<br />
<strong>Australia</strong><br />
Luxembou rg<br />
United Sta tes<br />
Irelan d<br />
Slove nia<br />
Estonia<br />
United Kingdo m<br />
Czech Rep ublic<br />
OECD to tal<br />
6.00<br />
7.27<br />
Can ada<br />
Swed en<br />
Italy<br />
Russia n Fed eration<br />
Finland<br />
<strong>Israel</strong><br />
Hun gary<br />
NEXT CHAPTER: INTERNATIONAL TREATIES<br />
Chile<br />
Belgiu m<br />
Portugal<br />
Bra zil<br />
Greece<br />
France<br />
Germa ny<br />
Turkey<br />
Spain<br />
Poland<br />
Slova k Republic<br />
BACK TO CONTENTS
International treaties<br />
<strong>Israel</strong>’s Free <strong>Trade</strong> Agreements<br />
Avoidance of Double Taxation Agreements<br />
Cooperation in Industrial R&D Agreements<br />
Protection of Investments Agreements<br />
International Organization Memberships<br />
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<strong>Israel</strong>’s Free <strong>Trade</strong> Agreements<br />
1985<br />
1992<br />
USA<br />
EFTA<br />
QIZ Agreements<br />
1997<br />
Turkey<br />
Egypt (2004)<br />
1997<br />
1999<br />
Canada<br />
Mexico<br />
Jordan (1998)<br />
2000<br />
European Union (Association Agreement)<br />
2007<br />
MERCOSUR (Argentina not yet in force)<br />
CONTINUE<br />
Source: Ministry of Finance
Avoidance of Double<br />
Taxation Agreements<br />
Austria<br />
Belarus<br />
Belgium<br />
Brazil<br />
Bulgaria<br />
Canada<br />
China<br />
Czech Republic<br />
Croatia<br />
Denmark<br />
Estonia<br />
Ethiopia<br />
Finland<br />
France<br />
Germany<br />
Greece<br />
Hungary<br />
India<br />
Ireland<br />
Italy<br />
Jamaica<br />
Japan<br />
Latvia<br />
Lithuania<br />
CONTINUE<br />
Source: Ministry of Finance
Avoidance of Double<br />
Taxation Agreements<br />
Luxembourg<br />
Mexico<br />
Moldova<br />
Norway<br />
Netherlands<br />
Philippines<br />
Portugal<br />
Poland<br />
Russia<br />
Singapore<br />
Slovakia<br />
Slovenia<br />
South Africa<br />
South Korea<br />
Spain<br />
Sweden<br />
Taiwan<br />
Thailand<br />
Vietnam<br />
Turkey<br />
Ukraine<br />
United kingdom<br />
Uzbekistan<br />
U.S.A<br />
Romania<br />
Switzerland<br />
CONTINUE<br />
Source: Ministry of Finance
Cooperation in Industrial R&D<br />
Agreements<br />
Austria<br />
Belgium<br />
Canada<br />
China<br />
Finland<br />
France<br />
Germany<br />
Hong Kong<br />
India<br />
Ireland<br />
Italy<br />
Korea<br />
Netherlands<br />
Portugal<br />
Singapore<br />
Spain<br />
Sweden<br />
United kingdom<br />
U.S.A<br />
Victoria (<strong>Australia</strong>)<br />
Czech Republic<br />
CONTINUE<br />
Source: Ministry of Finance
Protection of Investment<br />
Agreements<br />
Albania<br />
Argentina<br />
Armenia<br />
Azerbaijan<br />
Belarus<br />
Bulgaria<br />
China<br />
Croatia<br />
Cyprus<br />
Czech Republic<br />
El Salvador<br />
Estonia<br />
Ethiopia<br />
Georgia<br />
Guatemala<br />
Germany<br />
India<br />
Kazakhstan<br />
Latvia<br />
Lithuania<br />
Moldova<br />
Mongolia<br />
Poland<br />
Romania<br />
CONTINUE<br />
Source: Ministry of Finance
Protection of Investment<br />
Agreements<br />
Serbia<br />
Slovakia<br />
Slovenia<br />
Ukraine<br />
Uruguay<br />
Uzbekistan<br />
South Africa *<br />
South Korea<br />
Thailand<br />
Turkey<br />
Turkmenistan<br />
*pending ratification<br />
CONTINUE<br />
Source: Ministry of Finance
Main International <strong>Economic</strong><br />
Organizations Membership:<br />
<strong>Israel</strong> is a member in leading international<br />
economic organizations:<br />
•WBG<br />
•IMF<br />
•WTO<br />
•OECD<br />
A more detailed list:<br />
BIS | BSEC (observer) | CE (observer) | CERN (observer) | EBRD | FAO | IADB | IAEA | WBG – IBRD, IFC, IDA,<br />
MIGA | ICAO | ICC | ICCT (signatory) | ICFTU | IFAD | IFRCS (observer) | ILO | IMF | IMO | Interpol | IOC | IOM | ISO<br />
| ITU | OAS (observer) | OECD | OPCW (signatory) OSCE (partner) | PCA | UN | UNCTAD | UNECE |<br />
UNEP | UNESCO | UNHCR | UNIDO | UPU | WCO | WFP | WHO | WIPO | WMO | WTOO | WTRO | WTO | ICSID<br />
NEXT CHAPTER: RELEVANT SITES<br />
BACK TO CONTENTS<br />
Source: Ministry of Finance
Relevant Sites<br />
Ministry of Finance<br />
Bank of <strong>Israel</strong> (BOI)<br />
Central Bureau of Statistics (CBS)<br />
<strong>Israel</strong>i Government Portal<br />
<strong>Israel</strong> Securities Authority<br />
Ministry of Industry, <strong>Trade</strong> and Labor<br />
CONTACT US<br />
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Mr. Roni Hershkovitz<br />
Director<br />
Overseas <strong>Economic</strong> Information<br />
International Affairs Department<br />
Ministry of Finance<br />
Jerusalem<br />
<strong>Israel</strong><br />
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<strong>Israel</strong><br />
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