ECONOMIC INFORMATION
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Population: 6.7m
Population growth: 1.84%
Population density (people per sq. km): 324
UN Human Development Index ranking: 22/177
Gross national income (current US$): $105.2bn (2002)
Gross national income per capita: $16,020
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PPP Gross national income: $128.4bn
PPP Gross national income per capita: $19,200
GDP growth: -0.8% (2003)
GDP breakdown Agriculture: 2.8%, Industry: 37.7%, Services: 59.5%
Inflation (12-month average): 0.2 (2003)
Gross capital formation as % of GDP: 16.1%
Final consumption expenditure as % of GDP (growth): 90.7% (0.9%)
Exports of goods & services as % of GDP: 37.3%
Top 3 export markets: US, Benelux, Hong Kong
Local industries: High-technology projects (including aviation, communications, computer-aided design & manufactures, medical electronics), wood & paper products, potash & phosphates, food, beverages, tobacco, caustic soda, cement, diamond cutting
WEF Growth Competitiveness ranking *: 19/104
WEF Business Competitiveness ranking **: 21/103
WEF Quality of the Business Environment ranking: 21/103
Transparency International Corruption Perceptions ranking: 26/145
Languages : Hebrew (official), English and Arabic
FDI INFORMATION
Region: Levant
No. of projects (Jan-Sep 2004): 27
Market-share of projects in the region: 14.5%
Value of projects relative to GDP: 23.9%
Top 3 destination sectors: IT & software, textiles, financial services
Top 3 business functions: Manufacturing, sales marketing & support, retail
Top 3 source countries: US, Switzerland, Italy
Top 3 investors: Zorlu Holdings, Serono, Hewlett Packard
IPA
Name: Ministry of Industry and Trade Investment Promotion Centre
Web address: www.moit.gov.il
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations