ECONOMY OF ISRAEL

By

HAFIZ MUTEE UR RAHMAN

HISTORY OF ISRAEL……

On November 29, 1947, at the time of the resolution for the freedom of Israel, the votes of 3 countries were lacking so African countries were added to makeup for this. This was in fact a favor in return as Israel helped England and France in world war. in favor of a Partition Plan, the British

relinquished their mandate over Palestine in1948.

Brief history of Jews.

Population:

  The State of Israel has a population of approximately 8,296,000 inhabitants as of the end of 2014. 75% percent of them are Jewish (about 6,218,000 individuals), 20.7% are Arabs (about 1,719,000 individuals), while the remaining 4.3% Other People.

Total population: 8.059 million…(2014)Proportion of total: 75.0% (6.119 million)Growth rate: 1.7%

Major Industries:High technology products:

Aviation, medicals communications, fiber optics etc.),

wood and paper products, metal products, food, beverages, chemical products, plastics, textile and diamond cutting.

EXPORTS:Israel is the 56th largest export economy in the worldIn 2013, Israel exported $54.3B and imported $66.1B, resulting in a negative trade balance of $11.8B.The top exports of Israel are Packaged Medicaments, Refined Petroleum ($4.13B), Diamonds ($4.07B), Aircraft Parts and other defense equipment ($1.71B), computers, wheat, and automobiles.

Foreign Investments: 2010: 18.8 bln.$2011: 12.5 bln.$

2012 : 8.5 bln.$2013: 13.4 bln.$2014: 9.7 bln.$

Electronic equipment (Machines, engines, pumps)Gems, precious metals, coins, Aircraft, spacecraft,

Medical, technical equipment , crude oil, grains, raw materials, military equipment, Organic chemicals, Furniture, lighting, Pharmaceuticals and Vehicles.

IMPORTS:In 2013 Israel imported $66.1B, making it the 48th largest importer in the world.

o The most recent imports are led by Crude Petroleum which represent 12.8% of the total imports of Israel.

Israel has bought as much as three-quarters of its oil from Iraqi Kurdistan in recent months.

Israeli refineries and oil firms have imported more than 19 million barrels of Kurdish oil over the course of three months, from the beginning of May to August 2011.

Petroleum Imports from:

GDP of Israel:2010: 232.9 bln.

$2011:

258.4bln.$2012 :

257.2 bln.$2013:

290.6 bln.$

GDP per capita 32,505.15 USD

GDP by Sector:Agriculture 2.5%Industry 31.2%Services 64.7%

GDP Growth rate 3.3%

Inflation rate:

2011 2012 2013 2140.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50% 3.24%1

2.17%1.63% 1.83%

Unemployment Rate:2010:

8.3%2011:

7.0%2012 :

6.8%2013:

6.3%2014:

5.9%

Energy:Historically, Israel relied on external imports

for meeting most of its energy needs, spending an amount equivalent to over 5% of its GDP per year in 2009 on imports of energy products.

Energy in Israel comes mostly from hydrocarbon fuels.

The transportation sector relies mainly on gasoline and diesel fuel, while the majority of electricity production is generated using imported coal.

Natural Gas Usage:2010: 3.7 (BCM)

2011: 4.2 (BCM)

2012 : 5.3 (BCM)

2013: 6.1 (BCM)

2014: 7.6 (BCM)

Figures are in Billion Cubic Meters (BCM) per year

Agriculture:• Total labor force : 2.7 million, employed : 2.6% services : 6.3%

Israel imports substantial quantities of grain.It is largely self-sufficient in other agricultural

products and food stuffs. Citrus fruits are still Israel's major agricultural export. The country exports more than $1.3 billion worth of

agricultural products every year.

The Conclusion….

At the end, I’ll try to give a brief crux on my research work.

Over all| 3-year averages: 2010-12 2013-15 2016-18 Population (million): 7.5 8.0 8.6 GDP (USD bn): 250 294 333 GDP per capita(USD): 33,150 36,570 38,765 GDP growth (%): 4.3 2.9 3.7 Public Debt (% of GDP): 68.4 67.6 65.2 Inflation (%): 2.6 1.0 2.0 Current Ac. (% of GDP): 1.9 2.3 3.2 External Debt (% of GDP): 41.8 33.3 31.7 Exchange Rate (USD): 3.78 3.73 3.70 Exports (USD bn): 56.4 64.2 74.5 Imports (USD bn): 46.1 71.8 72.7 External Debt (USD bn): 94.6 95.4 103.5

International rankings of IsraelAs of 2012, Israel ranks 26th in Global

Competitiveness 16th among 187 world nations on the UN's

Human Development Index, which places it in the category of "Very Highly Developed".

Israel's economy also ranks 17th among the world's most economically developed nations.

 as of 2010 Israel ranked second among foreign countries in the number of its companies listed on U.S. stock exchanges

Having moved away from the socialist economic model since the mid-1980s and early 1990s, Israel has made dramatic moves toward the free-market capitalist paradigm.

https://en.wikipedia.org/wiki/Economy_of_Israelhttp://www.indexmundi.com/israel/economy_profile.htmlhttp://www.worldsrichestcountries.com/top_israel_imports.htmlhttp://www.financeisrael.mof.gov.il/financeisrael/pages/en/EconomicData/EconomicHighlights.aspxhttp://www.tradingeconomics.comhttp://globaledge.msu.edu/countries/israel/tradestatshttp://www.forbes.com/forbes/http://www.heritage.org/index/country/israelhttp://www.gti.org/thinking/gdi/2013.asp http://www.grantthornton.global/ www.science.co.il

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