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ECONOMIC HIGHLIGHTS

STATE OF ISRAEL MINISTRY OF FINANCE INTERNATIONAL AFFAIRS DEPARTMENT. ECONOMIC HIGHLIGHTS. May 6 th , 2007. Contents:. Economic Figures……. Balances……………... International comparisons and additional data………. 3. 18. 24. Economic Figures. Economic Figures.

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ECONOMIC HIGHLIGHTS

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  1. STATE OF ISRAELMINISTRY OF FINANCEINTERNATIONAL AFFAIRS DEPARTMENT ECONOMIC HIGHLIGHTS May 6th, 2007

  2. Contents: • Economic Figures……. • Balances……………... • International comparisons and additional data………. 3 18 24

  3. Economic Figures

  4. Economic Figures Israel’s Economy:Main Characteristics • Export Oriented Growth • Rapid Development of Technology & High-Tech Industries • Entrepreneurial Culture • Supportive Environment for Business • Investment & R&D Incentives 4

  5. Economic Figures Main Economic Indicators and forecast Source: Central Bureau of Statistics, Bank of Israel, Ministry of Finance * Using the NIS estimate by the Ministry of Finance, Multiplied by Bank of Israel’s average US$-NIS rate for 2007. 5

  6. Economic Figures GDP and GDP per Capita (Annual % Change, in Constant Prices) 6 Source: Central Bureau of Statistics, Ministry of Finance

  7. Economic Figures Major GDP Components(Annual % Change, in Constant Prices) 7 Source: Central Bureau of Statistics, Bank of Israel, Ministry of Finance

  8. Economic Figures GDP Growth and Exports Growth(Cumulative Rate of Growth by Period) 8 Source: Central Bureau of Statistics, Bank of Israel, Ministry of Finance

  9. Economic Figures Exports of Goods and Services (B$) 9 Source: Central Bureau of Statistics

  10. Economic Figures Exports of Goods by Region 2006(exc. Diamonds) 10 Source: Central Bureau of Statistics, Bank of Israel, Ministry of Finance

  11. Economic Figures Structure of Industrial Exports 25% 25% 26% 27% 23% 24% 27% 26% 35% 75% 75% 74% 77% 73% 76% 74% 73% 65% 11 Jan-Mar s.a. at annual rate.*

  12. Economic Figures Imports of Goods by Region 2006(exc. Diamonds) 12 Source: Central Bureau of Statistics, Bank of Israel, Ministry of Finance

  13. Economic Figures Foreign Investments(B$) 13 Source: Ministry of Finance

  14. Economic Figures Unemployment Rate by Quarters*(% of Total Labor Force) 14 Source: CBS

  15. Economic Figures New Employed Persons in 2006(Change in Israeli Employed Persons, in Thousands) 15 Source: Ministry of Finance

  16. Economic Figures Inflation Rate (% Change in CPI, end of year) 16 Source: CBS, Ministry of Finance

  17. Economic Figures Estimated Growth of Main GDP Components 2007 17 Source: Ministry of Finance

  18. Balances Back to contents

  19. Balances Budget Deficit(% of GDP) Budget proposal 19 Source: Ministry of Finance, April 2007

  20. Balances Current Account(% of GDP) 20 Source: Bank of Israel

  21. Balances Net Foreign Debt(% of GDP) 21 Source: Ministry of Finance

  22. Balances General Government Expenditure(% of GDP) 22 Source: Ministry of Finance

  23. Balances Gross Tax Burden(% of GDP) 23 Source: Ministry of Finance

  24. International comparisons and additional data Back to contents

  25. Additional data Central Bank Interest RatesIsrael vs. U.S.A (%) Currently: 5.25% Bank of Israel Rate Currently: 3.75% Federal Reserve Rate 25 Source: Bank of Israel, Federal Reserve

  26. Additional data Nasdaq Index & Tel Aviv 100 (monthly average) 26

  27. Additional data A1/A+ A2/A A3/A- Baa1/BBB+ Baa2/BBB Baa3 /BBB- Israel’s Credit Rating 1992-2007 27 Source: Credit Rating Agencies, Accountant General

  28. Additional data Global Competitiveness Index, 2006Israel Ranks 15 Out of 125 Countries (2005 Rank was 23) 1 4 6 8 10 15 18 21 24 28 34 42 47 48 58 59 28 Source: World Economic Forum, GCI 2006

  29. Additional data Business Competitiveness Index, 2006Israel Ranks 19 Out of 121 Countries (2005 Rank was 22) 1 2 5 8 12 16 19 22 25 27 30 36 46 49 55 64 29 Source: World Economic Forum, GCI 2006

  30. Additional data Network Readyness score, 2006 5.71 (1) 5.58 (5) 5.54 (7) 5.45 (9) 5.35 (11) 5.27 (14) 5.22 (16) 5.14 (18) 4.99 (23) 4.48 (28) 4.35 (32) 4.19 (38) 3.98 (48) 3.86 (52) 30 Source: World Economic Forum, GCI 2006

  31. Additional data USA (1985) EFTA (1992) Jordan (1995):Bilateral Trade Agreement Turkey (1997) Mexico (1999) European Union – Association Agreement 2000 Romania (2000) Bulgaria (2002) Israel’s Free Trade Agreements Canada (1997) 31

  32. Additional data Avoidance of Double Taxation Agreements Also: Austria, Ireland, Italy,Latvia,Lithuania, Switzerland,Ukraine, United Kingdom, and Uzbekistan. 32

  33. Additional data Cooperation in Industrial R&D Agreements Austria India Sweden Belgium Ireland UK Canada Italy USA China Korea Finland Netherlands France Portugal Germany Singapore Hong Kong Spain 33

  34. Additional data Albania Argentina Armenia Belarus Bulgaria Croatia Cyprus Czech Republic El-Salvador Estonia Georgia Germany Hungary India Kazakhstan Korea Protection of Investment Agreements 34

  35. Additional data Latvia Lithuania Moldova Poland Romania Slovakia Slovenia Thailand Turkey Turkmenistan Ukraine Uruguay Uzbekistan QIZ Agreement Egypt Jordan Protection of Investment Agreements(con) 35

  36. Additional data International Organization* Memberships: BIS | BSEC (observer) | CE (observer) CERN (observer) |EBRD |FAO | IADB | IAEA IBRD | ICAO | ICC| ICCt (signatory) | ICFTU IDA | IFAD | IFC | IFRCS (observer) | ILO | IMF IMO | Interpol | IOC | IOM | ISO | ITU | OAS (observer) OPCW (signatory) | OSCE (partner) | PCA | UN UNCTAD |UNECE | UNEP | UNESCO | UNHCR UNIDO | UPU | WB |WCO | WFP | WHO | WIPO | WMO WToO | WTrO |WTO |MIGA 36 *Economic Organizations

  37. Relevant Sites Government Institutes: Bank of Israel Central Bureau of Statistics Israeli Government Portal Ministry of Finance Israel Securities Authority Economic News: “The Marker” “Globes” 32

  38. We welcome your feedback: Contact: Uri Geva International Affairs Department Ministry of Finance, Jerusalem, Israel urige@mof.gov.il

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