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The Israeli Economy. September 2011. The Israeli Economy – 2010 Facts & Figures. GDP ($Billion) 218 Population (7/2011, Million) 7.8 GDP per capita ($) 28,575 Foreign Trade (% of GDP) 74% Total Exports (% of GDP) 37% Unemployment (Q2/2011) 5.5%
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The Israeli Economy September 2011
The Israeli Economy – 2010 Facts & Figures • GDP ($Billion) 218 • Population (7/2011, Million) 7.8 • GDP per capita ($)28,575 • Foreign Trade (% of GDP) 74% • Total Exports (% of GDP) 37% • Unemployment (Q2/2011) 5.5% The Israeli Industry • Share of business sector 21% • Industrial Sales ($Billion) 95 • Industrial Exports (% of sales) 43% • Employees 350K • Main branches: Chemicals, Electronics & Food The Manufacturers' Association of Israel
Israeli Economy Strengths The Manufacturers' Association of Israel
Rapid Growth in Israeli Economy * M.A.I Economic Research Department early estimates. The Manufacturers' Association of Israel
Export Oriented Growth The Manufacturers' Association of Israel
The High Tech Sector Contribution to Industrial Growth 2004 – Q2/2011 Including 8/2011)) The Manufacturers' Association of Israel
A Continuous Decrease in Unemployment Rate * M.A.I Economic Research Department early estimates. The Manufacturers' Association of Israel
Reducing Direct TaxesTax Reform Path The Manufacturers' Association of Israel
World Leadership in Civilian R&D Investments 9 Source: Israeli CBS The Manufacturers' Association of Israel
Global R&D and Innovation Center The Manufacturers' Association of Israel
High Share of ICT in the Business Sector ICT= Information & Communications Technologies, 2006 Source: Israeli CBS The Manufacturers' Association of Israel
Diversion of Trade to Asian Countries The Manufacturers' Association of Israel
Responsible Fiscal PolicyRestrained Government Budgetary Deficit Source: Ministry of Finance The Manufacturers' Association of Israel
Relatively Low Government Deficit in Israel Source: Eurostat, IMF, MOF 14 The Manufacturers' Association of Israel
Relatively Low Public Debt Ratio Source: Ministry of Finance, Eurostat, IMF The Manufacturers' Association of Israel
Israeli Economy Weaknesses The Manufacturers' Association of Israel
Gini Index in the OECD Source: OECD The Manufacturers' Association of Israel
Standard of LivingRelatively Low GDP Per Capita The Manufacturers' Association of Israel
Cost of LivingNumber of Salaries Required to Buy… To Buy a Car* To Buy an Apartment * Mazda 3 Source: BDO, Ziv Hatf, According to an average salary. The Manufacturers' Association of Israel
Relatively Low Employment Rate Source: OECD The Manufacturers' Association of Israel
Israeli Economy 2012 Forecast Real Annual Changes in GDP * M.A.I Economic Research Department early estimates. ** Bank of Israel Forecast. Aug. 2011. The Manufacturers' Association of Israel
http://www.industry.org.il/Eng/ The Manufacturers' Association of Israel