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Israel
INTRODUCTION
1. Geography
2. Political situation
3 Economy
a. Figures
4. Health
5. Education
a. Universities
6. Demographics
7. Religions
a. Freedom
8. Peoples
9. Languages
10. History
11. Cities and Towns



























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Index / Economy /
Open map of IsraelFlag of IsraelIsrael /
Economy



Israeli 20 New Shekels
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Key figures
GDP per capita
US$28,600.
World average: +170%.
MENA rank: 5 of 23.
GDP
US$203 billion.
MENA rank: 7 of 23.
List of figuresAll other figures
Corruption
6.1 points of 10 max.
World rank: 32 of 180.
MENA rank: 3 of 21.
Investment friendly
World rank: 30 of 181.
MENA rank: 3 of 21.
Economic freedom
67.6 points of 100 max.
World rank: 42 of 179.
MENA rank: 2 of 19.
Value of Currency
1997:
US$1=3.45 Shekels

1998:
US$1=3.80 Shekels

1999:
US$1=4.14 Shekels

2000:
US$1=4.08 Shekels

2001:
US$1=4.21 Shekels

2002:
US$1=4.28 Shekels

Sep. 2008:
US$1=3.52 Shekels

Israeli 200 New Shekels
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Israeli 100 New Shekels
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Israel has the highest average living standards in the Middle East, but a large portion of the population, often Palestinians and immigrants, are not benefiting from the wealth of Israel. Costs of living in Israel is high, and for many their wages never manage to cover more than just the basic costs. Israel has a large portion of the population that lives under very modest conditions, often surviving only on aid from the government's side.
Much of the growth in Israeli economy comes from a politics that has allowed high deficits on state budgets and foreign trade balance. Israel has the most diversified economy of the Middle East, and has a high level of modernization.
Israeli economy has in the recent years experienced an upswing, much due to less need for transferring funds to the military.
Mining is an important activity for Israeli economy, of which much is extracted from the Dead Sea. Petroleum extraction exists in Israel, but is very small scale.
Agriculture in Israel is very effective, as is able to covering about 75% of domestic needs, despite the limited land available. Citrus fruits and eggs are exported. Yet, agriculture contributes to only 3% of Israel's GNP.
Israel has large income from heavy tourism, as well as from donations from individuals and organizations around the world. USA is aiding Israeli economy at the level of US$ 3 billion annually, of which 1,8 billion is allocated to military expenses, the remaining to the civil economy of Israel. Since Israeli economy still runs on heavy deficits, the country cannot be without this help, even if the recent governments have declared economic independence as of its main objectives.




By Tore Kjeilen