September 2011 The Israeli Economy. GDP ($Billion) 218 Population (7/2011, Million) 7.8 GDP per capita ($) 28,575 Foreign Trade (% of GDP) 74% Total Exports.

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Presentation transcript:

September 2011 The Israeli Economy

GDP ($Billion) 218 Population (7/2011, Million) 7.8 GDP per capita ($) 28,575 Foreign Trade (% of GDP) 74% Total Exports (% of GDP) 37% Unemployment (Q2/2011) 5.5% The Israeli Industry Share of business sector 21% Industrial Sales ($Billion) 95 Industrial Exports (% of sales) 43% Employees350K Main branches: Chemicals, Electronics & Food 2 The Israeli Economy – 2010 Facts & Figures The Manufacturers' Association of Israel

Israeli Economy Strengths The Manufacturers' Association of Israel 3

Rapid Growth in Israeli Economy 4 The Manufacturers' Association of Israel * M.A.I Economic Research Department early estimates.

Export Oriented Growth 5 The Manufacturers' Association of Israel

The High Tech Sector Contribution to Industrial Growth The Manufacturers' Association of Israel – Q2/2011 Including 8/2011))

A Continuous Decrease in Unemployment Rate 7 The Manufacturers' Association of Israel * M.A.I Economic Research Department early estimates.

Reducing Direct Taxes Tax Reform Path 8 The Manufacturers' Association of Israel

World Leadership in Civilian R&D Investments Source: Israeli CBS The Manufacturers' Association of Israel 9

Global R&D and Innovation Center 10 The Manufacturers' Association of Israel

High Share of ICT in the Business Sector ICT= Information & Communications Technologies, 2006 Source: Israeli CBS The Manufacturers' Association of Israel 11

Diversion of Trade to Asian Countries The Manufacturers' Association of Israel 12

Responsible Fiscal Policy Restrained Government Budgetary Deficit The Manufacturers' Association of Israel 13 Source: Ministry of Finance

Relatively Low Government Deficit in Israel Source: Eurostat, IMF, MOF The Manufacturers' Association of Israel 14

Relatively Low Public Debt Ratio The Manufacturers' Association of Israel Source: Ministry of Finance, Eurostat, IMF 15

Israeli Economy Weaknesses The Manufacturers' Association of Israel 16

The Manufacturers' Association of Israel 17 Gini Index in the OECD Source: OECD

Standard of Living Relatively Low GDP Per Capita 18 The Manufacturers' Association of Israel

Cost of Living Number of Salaries Required to Buy… 19 The Manufacturers' Association of Israel Source: BDO, Ziv Hatf, According to an average salary. To Buy an Apartment To Buy a Car* * Mazda 3

Relatively Low Employment Rate 20 The Manufacturers' Association of Israel Source: OECD

Israeli Economy 2012 Forecast 21 The Manufacturers' Association of Israel * M.A.I Economic Research Department early estimates. ** Bank of Israel Forecast. Aug Real Annual Changes in GDP

The Manufacturers' Association of Israel 22

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