Economy of Israel
1 New Israeli Shekel Coin
Currency	New Israeli Shekel (NIS)
Fiscal year	Calendar Year
Trade organisations	WTO, OECD (Trial member), WJC
Statistics
GDP (PPP)	$195,308m (44 [3])
GDP growth	5.2% (2006)
GDP per capita	$31,767 (2007 est.)
GDP by sector	agriculture (2.6%), industry (30.8%), services (66.6%)
Inflation (CPI)	-0.1% (2006)
Population below poverty line	21.6% (2005)
Gini index	38.6 (2005)
Labour force	2.85 million (2007)
Labour 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	7.6% (2007)
Main industries	high-technology projects (including aviation, communications, computer-aided design and manufacture, 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
Trade
Exports	$42.86 billion f.o.b. (2006 est.)
Export goods	machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel, military equipment, food.
Main export partners	US 36.8%, Belgium 7.5%, Hong Kong 4.9% (2004)
Imports	$47.8 billion f.o.b. (2006 est.)
Import goods	raw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goods
Main import partners	US 15%, Belgium 10.1%, Germany 7.5%, UK 6.1%, Switzerland 6.5% (2004)
Public finances
Public debt	$81.98 billion (30 June 2006 est.)
Revenues	$43.82 billion
Expenses	$58.04 billion, including capital expenditures of NA (2006 est.)
Economic aid	recipient: $120 million from US (FY07)
Main source All values, unless otherwise stated, are in US dollars

State of Israel  Geography Land of Israel · Districts · Cities Transport · Mediterranean · Red Sea Sea of Galilee · Jerusalem · Tel Aviv · Haifa ILS1 coin (1994–5), from World Coin Gallery File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1 sheqel coin (1994–5). ... For other uses of the initials WTO, see WTO (disambiguation). ... The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of representative democracy and a free market economy. ... The World Jewish Congress (WJC) is an international federation of Jewish communities and organizations. ... PPP The purchasing power parity (PPP) theory was developed by Gustav Cassel in 1920. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... It has been suggested that this article be split into multiple articles accessible from a disambiguation page. ... Map of countries showing percentage of population who have an income below the national poverty line The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... The Gini coefficient is a measure of inequality developed by the Italian statistician Corrado Gini and published in his 1912 paper Variabilità e mutabilità. It is usually used to measure income inequality, but can be used to measure any form of uneven distribution. ... This article does not cite any references or sources. ... High tech refers to high technology, technology that is at the cutting-edge and the most advanced currently available. ... Aviation encompasses all the activities relating to airborne devices created by human ingenuity, generally known as aircraft. ... Communication is a process that allows organisms to exchange information by several methods. ... Fiber Optic strands An optical fiber in American English or fibre in British English is a transparent thin fiber for transmitting light. ... Potash Potash (or carbonate of potash) is an impure form of potassium carbonate (K2CO3) mixed with other potassium salts. ... In chemistry, a phosphate is a polyatomic ion or radical consisting of one phosphorus atom and four oxygen. ... The word drink is primarily a verb, meaning to ingest liquids, see Drinking. ... Shredded tobacco leaf for pipe smoking Tobacco can also be pressed into plugs and sliced into flakes Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. ... Sodium hydroxide (NaOH), also known as caustic soda or lye in North America, is a caustic metallic base used in industry (mostly as a strong chemical base) in the manufacture of paper, textiles, and detergents. ... For other uses, see Cement (disambiguation). ... For other uses, see Construction (disambiguation). ... The term plastics covers a range of synthetic or semi-synthetic organic condensation or polymerization products that can be molded or extruded into objects or films or fibers. ... Man powered Diamond cutting mill in 18th century Diamond cutting is the art, skill and, increasingly, science of changing a diamond from a rough stone into a faceted gem. ... This article is about the type of fabric. ... High-heeled shoe Footwear consists of garments worn on the feet. ... USD redirects here. ... Image File history File links COA_of_Israel. ... Anthem: Hatikvah (The Hope) Capital  Jerusalem Largest city Jerusalem Official languages Hebrew, Arabic Government Parliamentary democracy  - President Moshe Katsav1  - Prime Minister Ehud Olmert  - Knesset Speaker Dalia Itzik Independence from the League of Nations mandate administered by the United Kingdom   - Declaration 14 May 1948 (05 Iyar 5708)  Area  - Total 20,770... Image File history File links Flag_of_Israel. ... Kingdom of Israel: Early ancient historical Israel — land in pink is the approximate area under direct central royal administration during the United Monarchy. ... Map of the districts of Israel Population density by geographic region, sub-district and district (thicker border indicates higher tier). ... Jerusalem Tel Aviv-Jaffa Haifa Rishon LeZion Ashdod Beersheba Petah Tikva Netanya Holon Bnei Brak Bat Yam Ramat Gan Ashkelon Rehovot The following list of cities in Israel is based on the current index of the Israel Central Bureau of Statistics (CBS). ... The Mediterranean Sea is an intercontinental sea positioned between Europe to the north, Africa to the south and Asia to the east, covering an approximate area of 2. ... Location of the Red Sea The Red Sea is an inlet of the Indian Ocean between Africa and Asia. ... The Sea of Galilee or Lake Kinneret (Hebrew ים כנרת), is Israels largest freshwater lake. ... For other uses, see Jerusalem (disambiguation). ... Tel-Aviv was founded on empty dunes north of the existing city of Jaffa. ... Hebrew Arabic حَيْفَا Founded in 3rd century CE Government City District Haifa Population 267,000 1,039,000 (metropolitan area) Jurisdiction 63,666 dunams (63. ... History Jewish history · Timeline · Zionism · Aliyah Herzl · Balfour · British Mandate 1947 UN Plan · Independence · Austerity This article or section does not adequately cite its references or sources. ... This article does not cite any references or sources. ... This is a timeline of the development of Judaism and the Jewish people. ... This article is about Zionism as a movement, not the History of Israel. ... This article does not cite any references or sources. ... Theodor Herzl, in his middle age. ... Arthur James Balfour. ... Flag The approximate borders of the British Mandate circa 1922. ... On 29 November 1947 the United Nations Partition Plan for Palestine or United Nations General Assembly Resolution 181, a plan to resolve the Arab-Israeli conflict in the British Mandate of Palestine, was approved by the United Nations General Assembly. ... Main article: History of Israel Austerity in Israel: From 1949 to 1959, the state of Israel was, to a varying extent, under a regime of austerity (צנע tsena), during which rationing and similar measures were enforced. ... Arab-Israeli conflict · History 1948 War · 1949 Armistice Jewish exodus · Suez War · Six-Day War Attrition War · Yom Kippur War 1982 Lebanon War · 2006 Lebanon War Peace proposals · Treaties with Egypt, Jordan Combatants Arab nations Israel Arab-Israeli conflict series History of the Arab-Israeli conflict Views of the Arab-Israeli conflict International law and the Arab-Israeli conflict Arab-Israeli conflict facts, figures, and statistics Participants Israeli-Palestinian conflict · Israel-Lebanon conflict · Arab League · Soviet Union / Russia · Israel, Palestine and the... The Arab-Israeli conflict is a modern phenomenon, which dates back to the end of the 19th century. ... Combatants  Israel Haganah Irgun Lehi Palmach Foreign Volunteers Egypt, Syria, Transjordan,  Lebanon, Iraq, Saudi Arabia, Yemen, Holy War Army, Arab Liberation Army Commanders Yaakov Dori, Yigael Yadin John Bagot Glubb, Abd al-Qadir al-Husayni, Hasan Salama, Fawzi Al-Qawuqji, Ahmed Ali al-Mwawi Strength  Israel: 29,677 initially rising... The 1949 Armistice Agreements are a set of agreements signed during 1949 between Israel and its neighbors Egypt, Jordan, Lebanon, and Syria. ... The Jewish exodus from Arab lands refers to the 20th century expulsion and emigration of Jews, primarily of Sephardi and Mizrahi background, from majority Arab lands. ... Combatants Israel United Kingdom France Egypt Commanders Moshe Dayan Charles Keightley Pierre Barjot Gamal Abdel Nasser Abdel Hakim Amer Strength 175,000 Israeli 45,000 British 34,000 French 70,000 Casualties 197 Israeli KIA 56 British KIA 91 British WIA 10 French KIA 43 French WIA 650 KIA[1... Combatants Israel Egypt Syria Jordan Iraq Commanders Yitzhak Rabin, Moshe Dayan, Uzi Narkiss, Israel Tal, Mordechai Hod, Ariel Sharon Abdel Hakim Amer, Abdul Munim Riad, Zaid ibn Shaker, Hafez al-Assad Strength 264,000 (incl. ... For other uses, see War of Attrition (disambiguation). ... Combatants  Israel  Egypt,  Syria,  Iraq Commanders Moshe Dayan, David Elazar, Ariel Sharon, Shmuel Gonen, Benjamin Peled, Israel Tal, Rehavam Zeevi, Aharon Yariv, Yitzhak Hofi, Rafael Eitan, Abraham Adan, Yanush Ben Gal Saad El Shazly, Ahmad Ismail Ali, Hosni Mubarak, Mohammed Aly Fahmy, Anwar Sadat, Abdel Ghani el-Gammasy, Abdul Munim... Combatants Israel South Lebanon Army LF (nominally neutral) PLO Syria Amal (switched sides) LCP Commanders Menachem Begin (Prime Minister) Ariel Sharon, (Ministry of Defence) Rafael Eitan, (CoS) Yasser Arafat Strength Israel: 76,000 troops 800 tanks 1,500 APCs 634 aircraft Syria: 22,000 troops 352 tanks 300 APCs 450... Combatants Hezbollah Amal[1] LCP[2] PFLP-GC[3]  Israel Commanders Hassan Nasrallah Dan Halutz Moshe Kaplinsky[10] Udi Adam Strength 600-1,000 active fighters 3,000-10,000 reservists[4] Up to 10,000 ground troops. ... Geneva Accord October 20, 2003 Road Map for Peace April 30, 2003 The Peoples Voice July 27, 2002 Elon Peace Plan 2002 ... Israeli-Palestinian conflict  · History Timeline · 1948 Palestinian exodus Occupation · Peace process Peace camp · First Intifada · Oslo Second Intifada · Barrier Disengagement Israel, with the West Bank, Gaza Strip and Golan Heights The Israeli-Palestinian conflict is an ongoing dispute between the State of Israel and Arab Palestinians. ... // The article discusses the history of the Israeli-Palestinian conflict from the turn of the twentieth century to the present day, disregarding the prior history of Jews and Arabs in the area. ... This is an incomplete timeline of notable events in the Israeli-Palestinian conflict. ... For the Palestinian annual commemorative day, see Nakba Day. ... The Golan Heights plateau overlooking the site of the ancient city of Hippos The Israeli-occupied territories is one of a number of terms used to describe areas captured by Israel from Egypt, Jordan, and Syria during the Six-Day War of 1967. ... The UN Partition Plan Map of the State of Israel today The Peace process in the Israeli-Palestinian conflict has taken shape over the years, despite the ongoing violence in the Middle East. ... The Israeli peace camp is a collection of political and non-political movements which desire to promote peace, mainly with the Arab neighbours of Israel (the Palestinians, Syria and Lebanon) and encourage co-existence with the Arab citizens of Israel. ... Combatants  Israel Unified National Leadership ot the Uprising Commanders Yitzhak Shamir Yasser Arafat Casualties 160 (5 children) 1,162 (241 children) The First Intifada (1987 - 1993) (also intifada and war of the stones) was a mass Palestinian uprising against Israeli rule[1] that began in Jabalia refugee camp and quickly... Yitzhak Rabin, Bill Clinton, and Yasser Arafat during the Oslo Accords on September 13, 1993. ... For other uses, see al-Aqsa (disambiguation). ... The barrier route as of July 2006. ... Israels unilateral disengagement plan (Hebrew: תוכנית ההתנתקות Tokhnit HaHitnatkut or תכנית ההינתקות Tokhnit HaHinatkut in the Disengagement Plan Implementation Law), also known as the Disengagement plan, Gaza Pull-Out plan, and Hitnatkut) was a proposal by Israeli Prime Minister Ariel Sharon, adopted by the government and enacted in August 2005, to remove all... Economy Science and technology · Companies Tourism · Wine · Diamonds · Agriculture Military industry · Aerospace industry This article does not cite its references or sources. ... This list is incomplete; you can help by expanding it. ... Tourism in Israel includes a rich variety of historical and religious sites in the Holy Land, as well as modern beach resorts, archaeological tourism, heritage tourism and ecotourism. ... The Israeli wine industry is known for its vibrancy, with wineries numbering in the hundreds and ranging in size from small boutique enterprises making a few thousand bottles per year to the largest producing over ten million bottles per year. ... The Israeli Diamond industry is a world leader in producing cut diamonds for wholesale. ... IMI logo Israel Military Industries Ltd. ... IAI new logo The Avocet ProJet with IAI Logo Israel Aerospace Industries (Hebrew: התעשייה האווירית לישראל) or IAI (תעא) is Israels prime aerospace and aviation manufacturer, producing aerial systems for both military and civilian usage. ... Demographics · Culture Religion · Israeli Arabs · Kibbutz Music · Archaeology · Universities Hebrew · Literature · Sport · Israelis This article discusses the demographics of Israel. ... This article does not cite any references or sources. ... Arab citizens of Israel, Arabs of Israel or Arab population of Israel are terms used by Israeli authorities and Israeli Hebrew-speaking media to refer to non-Jewish Arabs who are citizens of the State of Israel. ... Kibbutz Dan, near Qiryat Shemona, in the Upper Galilee, 1990s A kibbutz (Hebrew: ; plural: kibbutzim: קיבוצים; gathering or together) is an Israeli collective intentional community. ... Modern Israeli music is heavily influenced by its constituents, which include Jewish immigrants (see Jewish music) from more than 120 countries around the world, which have brought their own musical traditions, making Israel a global melting pot. ... The archaeology of Israel is researched intensively in the universities of the region and also attracts considerable international interest on account of the regions Biblical links. ... There are eight official universities in Israel. ... “Hebrew” redirects here. ... Israeli literature is the literature of the people or State of Israel. ... Laws · Politics Law of Return · Jerusalem Law Parties · Elections · PM · President Knesset · Supreme Court · Courts The Basic Laws of Israel are a key component of Israels uncodified constitution. The State of Israel has no formal constitution. ... Politics of Israel takes place in a framework of a parliamentary representative democratic republic, whereby the Prime Minister of Israel is the head of government, and of a pluriform multi-party system. ... The Law of Return (Hebrew: חוק השבות, hok ha-shvut) is Israeli legislation that allows Jews and those with Jewish parents or grandparents, and spouses of the aforementioned, to settle in Israel and gain citizenship. ... The Jerusalem Law is a common name of Basic Law: Jerusalem, Capital of Israel passed by the Israeli Knesset on July 30, 1980 (17th Av, 5740). ... Political parties in Israel: Israels political system is based on proportional representation which allows for a multi-party system with numerous parties, in which a single party usually has no chance of gaining power by itself, forcing the parties to cooperate and form coalition governments. ... Elections in Israel gives information on election and election results in Israel. ... The Prime Minister of Israel (Hebrew: ראש הממשלה, Rosh HaMemshala, lit. ... The President of the State of Israel (‎, Nesi HaMedina, lit. ... Type Unicameral Speaker of the Knesset Dalia Itzik, Kadima since May 4, 2006 Deputy Speaker Majalli Wahabi, Kadima since May 4, 2006 Members 120 Political groups Kadima Labour-Meimad Shas Likud Last elections March 28, 2006 Meeting place Knesset, Jerusalem, Israel Web site www. ... The Supreme Court (Hebrew: בית המשפט העליון, Beit Hamishpat Haelyon ) is at the head of the court system in the State of Israel. ... It has been suggested that Law of Israel be merged into this article or section. ... Foreign affairs International law · UN · US · Arab League The State of Israel joined the United Nations on May 11, 1949. ... Arguments about the applicability of various elements of international law underlie the debate around the Arab-Israeli conflict. ... Issues relating to the state of Israel, the Palestinian people, the proposed State of Palestine and the region of the Levant (called the Middle East at the UN) occupy a large amount of debate, resolutions and resources at the United Nations. ... Israel-United States relations have evolved from an initial United States policy of sympathy and support for the creation of a Jewish homeland in 1947 to an unusual partnership that links a small but militarily powerful Israel with the United States, with the U.S. superpower trying to balance competing... From the time it was established in March 1945, the Arab League took an active role in the Arab-Israeli conflict. ... Security Israel Defense Forces Intelligence Community · Security Council Police · Border Police · Prison Service The Israeli Security Forces are several organizations collectively responsible for Israels security. ... Emblem of the IDF The Israel Defense Forces are part of the Israeli Security Forces. ... The Israeli Intelligence Community (Hebrew: קהילת המודיעין הישראלית) is the designation given to the complex of organizations responsible for intelligence collection, dissemination, and research for the State of Israel. ... The Israeli National Security Council (Hebrew: המועצה לביטחון לאומי) is a council established by the Prime Ministers Office in 1999 during the prime ministership of Binyamin Netanyahu in the framework of drawing lessons from the Yom Kipur War. ... The Israel Border Police (Hebrew: משמר הגבול, Mishmar HaGvul) is the combat branch of the Israeli Police. ... The Israel Prison Service (Hebrew: שירות בתי הסוהר, Sherut Batei HaSohar), commonly known by its acronym, Shabas, is the Israeli prison service. ... Portal:Israel · Categories · Project  v • d • e

Israel has a diversified economy with substantial government ownership and a rapidly developing high-tech sector. Poor in natural resources, Israel depends on imports of petroleum, coal, food, uncut diamonds, other production inputs, and military equipment. It also has received substantial direct economic aid from the United States, including approximately $1.2 billion per year since the mid-1970's, although that regular annual amount has been being tapered off by $120 million per year beginning in 1998. In 2007, direct economic aid from the US amounted to $120 million, or about 0.07% of Israel's GDP. As regards overall net international transfers^[1], Israel is a major recipient and has ranked at or near the top ever since 1959^[2]; in 2006 Israel received net from abroad US$7.4 billion (of which $4.4 billion went to the government, and $3 billion was received by the private sector).^[3] In May 2007, Israel was invited to join the OECD.^[4] Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - creator of the process of refining of kerosene from crude oil. ... Coal Coal (IPA: ) is a fossil fuel formed in swamp ecosystems where plant remains were saved by water and mud from oxidization and biodegradation. ... This article is about the mineral. ... The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of representative democracy and a free market economy. ...

The country's GDP (Purchasing power parity) in 2006 reached $195 billion according to the International Monetary Fund or $179 billion according to the World Bank (see List of countries by GDP (PPP)). GDP per capita has been $31,767 according to the International Monetary Fund in 2007 or $26,200 in 2006 according to the CIA World Factbook. $31,767 is on par with most Western European countries like France or Italy, while $26,200 is lower than most Western European countries except Greece, Spain and Portugal but higher than all Eastern European countries and close to the average for the European Union (see List of countries by GDP (PPP) per capita). The economy grew by 8% in the last quarter of 2006, the fastest growth of any Western nation. ^[5] PPP The purchasing power parity (PPP) theory was developed by Gustav Cassel in 1920. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... IMF redirects here. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... IMF redirects here. ... This article includes two lists of countries of the world[1] sorted by their gross domestic product (GDP) at purchasing power parity (PPP) per capita, the value of all final goods and services produced within a nation in a given year divided by the average population for the same year. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

The major industrial sectors include metal products, electronic and biomedical equipment, processed foods, chemicals, and transport equipment. Israel possesses a substantial service sector and the Israel diamond industry is one of the world's centers for diamond cutting and polishing. It is also a world leader in software development and is a major tourist destination. In 1998, Tel Aviv was named by Newsweek as one of the ten most technologically influential cities in the world.^[6] American billionaires and business tycoons including Bill Gates, Warren Buffett, and Donald Trump have each praised Israel’s economic environment,^[7] and the country was the destination for Berkshire Hathaway's first investment outside of the USA when it purchased ISCAR Metalworking, and the first R&D Centers outside the USA for companies including Intel and Microsoft. The country has now become known as Silicon Wadi. The Diamond industry in Israel is an important world player in producing cut diamonds for wholesale. ... Man powered Diamond cutting mill in 18th century Diamond cutting is the art, skill and, increasingly, science of changing a diamond from a rough stone into a faceted gem. ... A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. ... Tel-Aviv was founded on empty dunes north of the existing city of Jaffa. ... The Newsweek logo Newsweek is a weekly news magazine published in New York City and distributed throughout the United States and internationally. ... For other persons named Bill Gates, see Bill Gates (disambiguation). ... Warren Edward Buffett (b. ... Donald John Trump (born June 14, 1946 in Queens, New York, New York) is an American business executive, entrepreneur, television and radio personality and author. ... Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. ... ISCAR Metalworking is a metal cutting tools company based in Israel. ... Intel Corporation (NASDAQ: INTC, SEHK: 4335), founded in 1968 as Integrated Electronics Corporation, is an American multinational corporation that is best known for designing and manufacturing microprocessors and specialized integrated circuits. ... Microsoft Corporation, (NASDAQ: MSFT, HKSE: 4338) is a multinational computer technology corporation with global annual revenue of US$44. ... Silicon Wadi is the area of Israel which contains a high concentration of high-tech industry, similar to Silicon Valley in California. ...

Macro-economic trend

This is a chart of trend of gross domestic product of Israel at market prices estimated by the International Monetary Fund and EconStats with figures in millions of Israeli Shekels.

Note 1: IMF Report

Israel's strong commitment to economic development and its talented work force led to economic growth rates during the nation's first two decades that frequently exceeded 10% annually. The years after the 1973 Yom Kippur War were a lost decade economically, as growth stalled, inflation soared and government expenditures rose significantly. Also worthy of mention is the 1983 Bank stock crisis. By 1984 the economic situation became almost catastrophic with inflation reaching an annual rate close to 450% and projected to reach over 1000% by the end of the following year. However, the successful economic stabilization plan implemented in 1985 and the subsequent introduction of market-oriented structural reforms reinvigorated the economy and paved the way for its rapid growth in the 1990s and became a model for other countries facing similar economic crises. For the song by James Blunt, see 1973 (song). ... Combatants  Israel  Egypt,  Syria,  Iraq Commanders Moshe Dayan, David Elazar, Ariel Sharon, Shmuel Gonen, Benjamin Peled, Israel Tal, Rehavam Zeevi, Aharon Yariv, Yitzhak Hofi, Rafael Eitan, Abraham Adan, Yanush Ben Gal Saad El Shazly, Ahmad Ismail Ali, Hosni Mubarak, Mohammed Aly Fahmy, Anwar Sadat, Abdel Ghani el-Gammasy, Abdul Munim... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... The Bank stock crisis was a financial crisis that occurred in Israel in 1983, during which the stocks of the four largest banks in Israel collapsed, and were nationalized by the state. ... This article is about the year. ... This article is about the year. ... For the band, see 1990s (band). ...

Two developments have helped to transform Israel's economy since the beginning of the 1990s. The first is waves of Jewish immigration, predominantly from the countries of the former USSR, that has brought over one million of new citizens to Israel. These new immigrants, many of them highly educated, now constitute some 16% of Israel's 6.5 million population. The second development benefiting the Israeli economy is the peace process begun at the Madrid conference of October 1991, which led to the signing of accords led to a peace treaty between Israel and Jordan (1994). The Oslo Accords between Israel and the Arabs led to the Second Intifada, which caused Israel to lose billions of dollars in economic terms. Experts say that even had the peace process not failed the Arab economies had little to offer Israel in terms of trade except for oil. In spite of Israel's difficult security situation it managed to open up new markets to Israeli exporters farther afield, such as in the rapidly growing countries of East Asia. In the past few years there has been an unprecedented inflow of foreign investment in Israel, as companies that formerly shunned the Israeli market now see its potential contribution to their global strategies. In 2006, foreign investment in Israel totaled $13 billion, according to the Manufacturers Assocation of Israel. ^[5] Thus, in Israeli terms, prosperity increases, regardless of whether there is a de-facto peace or not. The Financial Times recently said that 'bombs drop, yet Israel's economy grows', as a demarker to this fact [4]. This article does not cite any references or sources. ... The UN Partition Plan Map of the State of Israel today The Peace process in the Israeli-Palestinian conflict has taken shape over the years, despite the ongoing violence in the Middle East. ... The Madrid Conference was hosted by the government of Spain and co-sponsored by the USA and the USSR. It convened on October 30, 1991 and lasted for three days. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... Yitzhak Rabin, Bill Clinton, and Yasser Arafat during the Oslo Accords on September 13, 1993. ... For other uses, see al-Aqsa (disambiguation). ... East Asia Geographic East Asia. ... Look up De facto in Wiktionary, the free dictionary. ... The Financial Times (FT) is a British international business newspaper. ...

Israeli companies, particularly in the high-tech area, have recently enjoyed considerable success raising money on Wall Street and other world financial markets; Israel now ranks second among foreign countries in the number of its companies listed on U.S. stock exchanges. Elaborate marble facade of NYSE as seen from the intersection of Broad and Wall Streets For other uses, see Wall Street (disambiguation). ...

External trade

For 2006, Israeli exports grew by 11% to just over $29 billion; the hi-tech sector accounted for $14 billion, a 20% increase from the previous year. ^[5] Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Israeli exports in 2006

The United States is Israel's largest trading partner; two-way trade totalled some $12.6 billion in 1997. The principal U.S. exports to Israel include computers, integrated circuits, aircraft parts and other defense equipment, wheat, and automobiles. Israel's chief exports to the U.S. include cut diamonds, jewelry, integrated circuits, printing machinery, and telecommunications equipment. The two countries signed a free trade agreement (FTA) in 1985 that progressively eliminated tariffs on most goods traded between the two countries over the following ten years. An agricultural trade accord was signed in November 1996, which addressed the remaining goods not covered in the FTA. Some non-tariff barriers and tariffs on goods remain, however. Israel also has trade and cooperation agreements in place with the European Union and Canada, and is seeking to conclude such agreements with a number of other countries, including Turkey, Jordan and several countries in Eastern Europe. Image File history File links Size of this preview: 800 × 351 pixelsFull resolution (1425 × 625 pixels, file size: 58 KB, MIME type: image/png) I, the copyright holder of this work, hereby release it into the public domain. ... Image File history File links Size of this preview: 800 × 351 pixelsFull resolution (1425 × 625 pixels, file size: 58 KB, MIME type: image/png) I, the copyright holder of this work, hereby release it into the public domain. ... This article is about the machine. ... Integrated circuit of Atmel Diopsis 740 System on Chip showing memory blocks, logic and input/output pads around the periphery Microchips with a transparent window, showing the integrated circuit inside. ... Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        For other uses of this word, see tariff (disambiguation). ... Pre-1989 division between the West (grey) and Eastern Bloc (orange) superimposed on current national boundaries: Russia (dark orange), other countries of the former USSR (medium orange),members of the Warsaw pact (light orange), and other former Communist regimes not aligned with Moscow (lightest orange). ...

Until the last decade, Israel's trade with the Arab world was minimal due to the Arab League boycott. Beginning in 1945, Arab nations not only refused to have direct trade with Israel (the primary boycott), but they also refused to do business with any corporation that operated in Israel, or any corporation that did business with a corporation that did business with Israel (the secondary and tertiary boycotts). The Arab League Boycott is the systematic effort by Arab states to economically isolate Israel by boycotting products and services which originate in Israel (the primary boycott), businesses that operate in Israel (the secondary boycott), and businesses which have relationships with businesses which operate in Israel (the tertiary boycott). ...

2.8% of the country's GDP is derived from Agricultural activity. While Israel imports substantial quantities of grain, it is largely self-sufficient in other agricultural products and food stuffs, due to the fact that food must be regulated Kashrut for sell in the Israeli retail market, and hence imports almost no food products from other countries. For centuries, farmers in Israel have grown varieties of citrus fruits such as grapefruit, oranges and lemons. Citrus fruits are still Israel's major agricultural export (see Jaffa orange). The circled U indicates that this can of tuna is certified kosher by the Union of Orthodox Congregations. ... The Jaffa orange, also known as the Shamouti orange, is a very sweet, almost seedless orange. ...

Israel is one of the world's major exporters of military equipment, accounting for 10%^{[citation needed]} of the world total in 2007.

Income

Comparing incomes of a median household in Israel vs. other countries.

OECD, PPP conversion rates. Retrieved on 2006-01-20. OECD, PPP conversion rates in Israel. Retrieved on 2007-01-25. Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 20th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 25th day of the year in the Gregorian calendar. ...

According to the data published by the Israeli central bank, 60% of the poor households in Israel are of the Haredi Jews and the Israeli Arabs in which there is a high birth rate and a low participation rate in the labor force. ISO 4217 Code CHF User(s) Switzerland, Liechtenstein, Campione dItalia Inflation 1. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... The United States dollar is the official currency of the United States. ... “C$” redirects here. ... The New Zealand dollar (ISO 4217: NZD, sometimes NZ$ and often informally known as the Kiwi dollar) is the official currency of New Zealand, the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. ... GBP may be: short for Game Boy Player the ISO currency code for the British Pound Sterling. ... ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 1. ... EUR is an initialism that may mean: Euro, the currency; Esposizione Universale Roma, a neighbourhood of Rome built for the World Fair Esposizione universale (1942). Erasmus Universiteit Rotterdam (Erasmus University of Rotterdam, the Netherlands) This page concerning a three-letter acronym or abbreviation is a disambiguation page — a navigational aid... This article is about the country. ... GBP may be: short for Game Boy Player the ISO currency code for the British Pound Sterling. ... Official language(s) English Capital Charleston Largest city Charleston Largest metro area Charleston metro area Area  Ranked 41st  - Total 24,244 sq mi (62,809 km²)  - Width 130 miles (210 km)  - Length 240 miles (385 km)  - % water 0. ... ISO 4217 Code ILS User(s) Israel, The West Bank, Gaza Strip Inflation -0. ... ISO 4217 Code HKD User(s) Hong Kong Inflation 2. ... ISO 4217 Code SGD User(s) Singapore, Brunei Inflation 1% Source The World Factbook, 2006 est. ... Haredi Judaism, also called ultra-Orthodox Judaism, is the most theologically conservative form of Judaism. ... The Israeli Arabs, or 1948 Palestinians, are those Arabs who remained inside the borders of what would become Israel after 1948, when most Arabs fled the country in the 1948 Arab-Israeli War (see also Nakba). They make up roughly 20% of Israels population. ...

monthly household income in deciles for 2005 (in shekels-ILS)

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... ILS can refer to any of the following: New Israeli sheqel, the currency of Israel. ...

See also

• Economy of Asia
• List of countries by GDP (PPP)
• Tel Aviv Stock Exchange

The economy of Asia comprises more than 4 billion people (60% of the world population), living in 46 different states. ... There are three lists of countries of the world sorted by their gross domestic product (GDP) (the value of all final goods and services produced within a nation in a given year). ... The Tel Aviv Stock Exchange (TASE) in Tel Aviv (‎, colloquially known as the Bourse) is Israels only stock exchange. ...

References

Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 141st day of the year (142nd in leap years) in the Gregorian calendar. ... This article does not cite any references or sources. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 19th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 81st day of the year (82nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 277th day of the year (278th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 81st day of the year (82nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 19th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 19th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 19th day of the year in the Gregorian calendar. ...

External links

• Economy Updates from Ynetnews
• CIA World Factbook - Israel
• IMF
• Current Israel Economy - Ynetnews English version of Yediot Aharonot newspaper
• Investments in Israel
• The Global Political Economy of Israel
• Trump upbeat on Israel's economy
• 'Israel could be one of world's most prosperous economies'
• Wertheimer joins Arison on Forbes' richest Israelis list
• Merrill Lynch: 7,200 millionaires living in Israel

v • d • e Members of the World Trade Organization (WTO)

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Ynetnews is an English language Israel news and content website operated by Yedioth Ahronoth, Israel’s most-read newspaper, and the Hebrew Israel news portal, Ynet. ... “WTO” redirects here. ... Image File history File links Size of this preview: 800 × 370 pixelsFull resolution (1357 × 628 pixel, file size: 19 KB, MIME type: image/png)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... The economies of the special administrative regions of Hong Kong and Macau are separate from the rest of the Peoples Republic of China. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... This article or section does not cite its references or sources. ... The economy of Costa Rica heavily depends on tourism, agriculture, and electronics exports. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... This article does not cite its references or sources. ... If it is considered as a single state, the economy of the European Unions twenty-seven member states is the worlds largest economy. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... The Economy of Hong Kong is widely believed, and some argue incorrectly, to be the most economically free in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD Statistics [1] GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $897. ... The Economy of New Zealand is a small but prosperous free market economy, which is greatly dependent on international trade, mainly with Australia, the United States of America and Japan. ... Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... The economy of Saint Kitts and Nevis has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. ... With an economy of $27. ... Republic of China (ROC) has a dynamiccapitalist economy with gradually decreasing guidance of investment and foreign trade by the government. ... Trinidad and Tobago experienced a real growth rate of 3. ... // The United Arab Emirates has a highly industrialized economy that makes the country one the most developed in the world, based on various socioeconomic indicators such as GDP per capita, energy consumption per capita, and the HDI. At $168 billion in 2006, the GDP of the UAE ranks second in... The United States economy has the worlds largest gross domestic product (GDP), $13. ... All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands and Netherlands Antilles • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom. Special Administrative Region of the People's Republic of China. Designated name for the Republic of China.