ECONOMIC INFORMATION
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Population - 6.5m
Population growth - 2.02%
GDP (current US$) - $110.39bn (2000)
GDP per capita - $16,998
GDP per capita on a purchasing price parity basis - $20,234
GDP growth - 6% (2000)
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Industrial production growth - -1.50%
Inflation (12-month average) - 1.7% (2000)
Exports of goods and services as % of GDP - 40.0%
Top 3 export markets - US, Benelux, Hong Kong
Local currency (change vs. US$ Jan 1-Nov 26, 2003) - New Shekel (6.0%)
WEF Growth Competitiveness ranking * - 20/102
WEF Business Competitiveness ranking ** - 20/95
Local industries - High-technology projects (including aviation, communications, computer-aided design and manufacture, medical electronics), wood and paper products, potash and phosphates, food, beverages, tobacco, caustic soda, cement, diamond cutting
Languages - Hebrew (official) English and Arabic
GOVERNANCE
World Bank Governance Matters III ***
Political stability - -1.35
Government effectiveness - 1.02
Regulatory quality - 1.03
Rule of law - 0.97
Control of corruption - 1.08
Economic Freedom ranking - 33/165
UN Human Development Index ranking - 22/175
FDI INFORMATION
Region - Levant
No.of projects (Jan-Sep 2003) - 16
Market-share of projects in the region - 12.9%
Value of projects relative to GNP - 13.2%
Top 3 destination sectors - IT & Software, Food & Drink, Semiconductors
Top 3 source countries - USA, Switzerland, Denmark
Top 3 investors - Nestlé, Nokia, Hewlett-Packard
IPA
Name - Ministry of Industry and Trade Investment Promotion Centre
Web address - www.moit.gov.il
Telephone +972 2 622 0661 * 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 score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance