Israel Economy

The population of Israel is 8.6 million. Land area is 8.522 square miles. The population is 74.2% Jewish, 17.8% Muslim, 2.0% Christian, and 1.6% Druze, Other 4.4%.

Nominal GDP is $390.7 billion. Nominal Per Capita GDP is $43,199. GDP by sector is agriculture 2.3%, industry 26.6%, services 69.5%.

Labor force is 4 million. Labor force by occupation is agriculture 1.1%, industry 17.3%, services 81.6%.

Unemployment is 3.1%. Inflation is 0.2%. Poverty is 21% mostly elderly.

Main industries include aviation, communications, telecom equipment, computer hardware and software, aerospace, defense, medical devices, fiber optics, scientific instruments, pharmaceuticals, potash, phosphates, metallurgy, chemicals, plastics, diamond cutting, petroleum refining, textiles and financial services. Ease of doing business 49^th.

Exports in 2017 were $60.6 billion in cut diamonds, refined petroleum, pharmaceuticals, machinery, equipment, medical instruments, computer hardware and software, agricultural products, chemicals, textiles and apparel sold to US 28.8%, UK 8.2%, Hong Kong 7%, China 5.4% and Belgium 4.5%.

Imports in 2017 were $66.76 billion in raw materials, military equipment, motor vehicles, investment goods, rough diamonds, crude petroleum, grain and consumer goods purchased from US 11.7%, China 9.5%, Switzerland 8%, Germany 6.8%, UK 6.2%, Belgium 5.9%, Netherlands 4.2%, Turkey 4.2% and Italy 4%.

Government revenue $68.29 billion, spending $75.65 billion. Debt to GDP 59.8%. External debt $112 billion. Reserves $115.8 billion.

https://en.wikipedia.org/wiki/Economy_of_Israel

Comments

Israel is a small, very successful country that has been attacked by Islamic Terrorists since its founding in 1948. Israel is smaller than New Hampshire with a GDP 6 times larger than New Hampshire and a Per Capita GDP larger than the UK and 7 times larger than its neighbors.

Norb Leahy, Dunwoody GA Tea Party Leader