The Israeli Economy International Perspective February 2013 Ministry of Finance A comparison of recent economic developments in Israel and the developed.

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Presentation transcript:

The Israeli Economy International Perspective February 2013 Ministry of Finance A comparison of recent economic developments in Israel and the developed world, * Based on the available data. In the absence of data for the Euro Area, OECD data are presented.

2 GDP Growth Rate The cumulative GDP growth rate, in real terms. Source: OECD.

3 GDP Per Capita Growth Rate The cumulative GDP per capita growth rate, in real terms. Source: IMF, calculated by the MoF Economics and Research Department.

Investments’ growth Rate The cumulative fixed capital formation growth rate, in real terms. Source: OECD. 4

Exports’ Growth Rate The cumulative export of goods & services growth rate, in real terms. Source: OECD. 5

6 The Average General Government Deficit, The general government includes local authorities, the national insurance institute and other public entities. Source: OECD, Israeli Central Bureau of Statistics

7 Changes in the Debt to GDP Ratio Percentage points change in the debt to GDP ratio. Source: OECD.

Israeli Government’s Bonds Yield Yield rates of Israeli government bonds, by coin issued. Source: Bloomberg.

CountryCurrent RatingRating Change Austria 1AA+ Belgium 1AA France 1AA+ Germany 0AAA= Greece 12CC Ireland 4BBB+ Israel +A+A+ Italy 3BBB+ Japan 1A The Netherlands -1AAA Portugal 5BB Spain 5BBB+ Sweden 0AAA= United Kingdom -1AAA United States 1AA+ S&P Credit rating Israel and select OECD countries 9 An arrow represents upgrading (green) or downgrading (red) by one notch. An orange arrow represents a negative outlook. Source: S&P

The Israeli Labor Force International Comparison * Based on the available data. In the absence of data for the Euro Area, OECD data is presented.

11 Change in the number of employees The cumulative change in the number of employees, ages 15+ Source: OECD

12 The Unemployment Rate Source: Eurostat, OECD, CBS. In January 2013 the unemployment rate in Israel was 6.5%, compared to 11.9% in the Euro Area Euro AreaIsrael

13 Changes in The Unemployment Rate Percentage points changes in the unemployment rate, ages 15+ Source: OECD

14 Youth Unemployment 2012 Source: OECD.

15 Changes in Youth Unemployment Percentage points Changes. Source: OECD.

16 Changes in The Participation Rate Percentage points changes in participation rate, ages Source: OECD.

17 Participation Rate Participation rate, ages Source: OECD.

18 Inequality in Israel Gini index for income inequality. Source: The Israeli National Insurance Institute.

19 Private Consumption Growth Rate (Standard of Living) The cumulative Private Consumption growth rate. Source: OECD, calculations by the MoF Economics and Research Department.