Ministry of Economy Research & Economics Administration · the israeli economy at a glance...

Ministry of Economy

Research & Economics Administration

* Data refers to 2013

*

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The Israeli Economy at a Glance 2

290,555 Gross Domestic Product

217,447 Business Sector Product

36,066 GDP Per Capita (U.S.$)

56,936 Investment in Fixed Capital

71,102 Imports of Goods (Net)

56,870 Exports of Goods (Net)

46,272 Industrial Exports**

20,121 of which, hi-tech

91,672 Imports of Goods and Services

95,665 Exports of Goods and Services

8,060 Population Average (Thousands)

6.2 Unemployment Rate )%(

1.8 Inflation Rate (CPI-%)***

FACTS & FIGURES 2013 *Figures refer to millions of U.S. $ unless otherwise stated

ISRAEL

*Average Exchange rate of 2013= 3.6107 NIS to U.S. $.

** Including mining and quarrying ***Dec. 2013 compared to Dec. 2012 Source: Israel C.B.S


013ISRAEL`S EXPORTS OF GOODS, 2 (MILLIONS OF U.S. $)

TOTAL EXPORTS – 66,788*

Unclassified-$3,059 (4.3%)

* Gross figures before reduction of returned goods

**1. N. America including: U.S.A., Canada & Mexico

***2. Latin America including: Central America

NORTH

AMERICA**

18,496

27.7%

EFTA

1,451

2.2%

LATIN

AMERICA***

2,334

3.4%

AFRICA

1,495

2.2% OCEANIA

650.3

1.0%

E.U.

18,286

27.4%

CENTRAL & EASTERN

EUROPE

4,291

6.4%

ASIA

16,726

25.0%

Source: Israel C.B.S


CONTRIBUTION OF SPECIFIC REGION TO EXPORT GROWTH


2013 COMPARED TO 2003 Increment of $ 35,007 Million

26.7%

E.U.

2.5%

EFTA

31.8%

Asia

1%

Oceania

9.5%

Other European

countries

4%

South and

Central

America

4%

Unclassified Countries

3.1%

Africa

16.7%

North America


INDUSTRIAL EXPORTS* BY MAJOR BRANCHES, 2013

Total Industrial Exports

52,572 Millions of U.S.$**

Exports Excluding Diamonds

46,271 Millions of U.S.$

*Manufacturing including mining and quarrying

**Including Net Polished Diamonds Source: Israel C.B.S

24%

Chemicals

11%

Metal

products

and

machinery

7%

Food, drink,

textile and

other

6%

Rubber,

plastic and

fuel

35%

Computer,

electronic

and medical

equipment

21%

Chemicals

12%

Diamonds

10%

Metal

products

and

machinery 6%

Food, drink,

textiles and

other

6%

Rubber,

plastic and

fuel

31%

Computer,

electronic

and medical

equipment

12%

Pharmaceuticals

13%

Pharmaceuticals


COMPOSITION OF INDUSTRIAL EXPORTS 2003 VS. 2013

TOTAL INDUSTRIAL EXPORTS EXCLUDING DIAMONDS:

IN 2003-$ 19,450 , IN 2013-$ 46,271 MILLION


2013 2003

20,121 9,000 High- technology industries

16,992 5,087 Medium- high technology industries

6,041 3,561 Medium- low technology industries

2,907 1,803 Low- technology industries

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

2003 2013

Low Technology

Medium low

Medium high

High technology



COMPOSITION OF INDUSTRIAL *EXPORTS 2003 VS. 2013

TOTAL INDUSTRIAL EXPORTS EXCLUDING DIAMONDS:

IN 2003-$ 19,450 , IN 2013-$ 46,271 MILLION

31.0%

Manufacture

of pharmaceu

tical products

58.0%

Manufacture

of computers,

electronics and

optical

products

10.7%

Manufacture

of air and

spacecraft and

related

machinery

*Hi- tech. exports by branches 2013, are according to the new classification

2013 2003

20,121 9,000 High- technology industries

16,992 5,087 Medium- high technology industries

6,041 3,561 Medium- low technology industries

2,907 1,803 Low- technology industries


ISRAEL`S IMPORTS OF GOODS, 2013

Unclassified-$14,300 (19.9%)

* Gross figures before reduction of returned goods

** 1. N. America including: U.S.A., Canada & Mexico

2. Latin America including Central America

(MILLIONS OF U.S. $)

TOTAL IMPORTS – 72,000*

NORTH

AMERICA**

8,702

12.0%

EFTA

4,532

6.3%

LATIN

AMERICA

1,400

1.9%

AFRICA

292

0.4% OCEANIA

122.7

0.1%

E.U.

24,414

34.0 %

CENTRAL & EASTERN

EUROPE

3,561

4.9%

ASIA

15,160

21.0%



BREAKDOWN OF IMPORT INCREASE

BY REGION 2003 COMPARED TO 2013

INCREMENT OF $ 37,945 Million


26.5%

E.U.

6.3%

E.F.T.A.

4.5%

Other

European

countries 25.7%

Asia

8.2%

North America

1%

South America

37.9%

Unclassified

Countries


RESOURCES AND USE OF RESOURCES 2013

RESOURCES

(382 BILLION U.S.$)

USE OF RESOURCES

(382 BILLION U.S. $)


43.0% Private

consumption

25.0%

Exports

17.1%

Public

consumption

14.9%

Gross

Investmen

ts

76%

GDP

24%

Imports

14.9%

Gross Investments


BUSINESS PRODUCT COMPOSITION 2013


31%

Finance and

Business Services

21%

Manufacturing,

mining and

quarrying

14%

Trade, commerce

and food services

18%

Transport,

storage and

communicators

7%

Construction

3%

Personal and

other services

2%

Agriculture,

Forestry and

fishing

3%

Electricity and

Water


QUARTERLY EMPLOYMENT &

UNEMPLOYMENT SINCE 2012*


3.25

3.3

3.35

3.4

3.45

3.5

3.55

3.6

I II III IV I II III IV I II

Employment,

(Millions)

* Data is seasonally adjusted

6.9 6.8 6.8 7.0

6.6 6.7

6.0 5.8 5.8

6.0

0

1

2

3

4

5

6

7

8Unemployment (%)

2013 2014 2012

I II III IV I II III IV I II

2012 2013 2014


CONSUMER PRICE INFLATION RATES 2003-2013

ANNUAL PERCENTAGE CHANGE*

*Year end compared to previous year end Source: Israel C.B.S

Y E A R S

-1.9

1.2

2.4

-0.1

3.4 3.8 3.9

2.7

2.2 1.6 1.8

-3

-2

-1

0

1

2

3

4

5

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013


* Purchasing Power Parities including latest estimates

Source: International Monetary Fund, World Economic Outlook Database, 2014.

G.D.P PER CAPITA, IN P.P.P* , 2013 U.S. DOLLARS

0

10,000

20,000

30,000

40,000

50,000

60,000

Tu

rkey

Ch

ile

Port

ug

al

Cze

ch r

ep

ub

lic

Sp

ain

Ita

ly

New

Zea

lan

d

Korea

Isra

el

Fran

ce

Jap

an

Un

ited

Kin

gd

om

Den

mark

Irel

an

d

Ger

ma

ny

Un

ited

Sta

tes


Source: O.E.C.D.

REAL GDP GROWTH 2013

-3%

-2%

-1%

0%

1%

2%

3%

4%

5%

Ita

ly

Sp

ain

Cze

ch R

epu

bli

c

Fran

ce

Ger

ma

ny

Au

stri

a

No

rwa

y

To

tal

OE

CD

Sw

ed

en

Un

ited

kin

gd

om

Un

ited

Sta

tes

Korea

Isra

el

Den

mark


UNEMPLOYMENT RATE (%) 2013

Source: International Monetary Fund, World Economic Outlook Database, 2014,

For Israel, C.B.S. * IMF estimates.

3.5 4.0 5.2 5.6

6.2 7.0 7.0 7.3 7.6 8.0

10.8

13.0

26.3 27.2

0

5

10

15

20

25

30N

orw

ay

Jap

an

Ger

ma

ny

Au

stra

lia

Isra

el*

Ca

na

da

Den

mark

Un

ited

Sta

tes

Un

ited

Kin

gd

om

Sw

ed

en*

Fran

ce

Irel

an

d*

Sp

ain

Gre

ece*


HOURLY COMPENSATION COST IN

MANUFACTURING, 2012 IN U.S. DOLLARS

Source: U.S. Bureau of Labor Statistics

9.46

19.41 20.14 20.72

26.83

31.23 35.34 35.61

39.81

45.79

48.47

0

10

20

30

40

50

60T

aiw

an

Gre

ece

Isra

el

Korea

Sp

ain

Un

ited

Kin

gd

om

Jap

an

Un

ited

Sta

tes

Fran

ce

Ger

ma

ny

Den

mark


R&D Expenditure As a Percentage of GDP 2013

Source: O.E.C.D

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

U.K

.

Fran

ce

OE

CD

- to

tal

US

A

Sw

itze

rla

nd

Ger

ma

ny

Den

mark

Sw

ed

en

Jap

an

Fin

lan

d

Korea

Isra

el


RELATIVE WORLD COMPETITIVENESS Overall ranking 2013

Source: IMD World Competitiveness Yearbook 2014 IMD ranks factors among 58 countries

0

20

40

60

80

100It

aly

Cze

ch R

epu

bli

c

Ch

ile

Fran

ce

Bel

giu

m

Jap

an

Korea

Fin

lan

d

Isra

el

Un

ited

Kin

gd

om

Irel

an

d

Den

mark

Ger

ma

ny

No

rwa

y

US

A

9th 44th 22nd 24th 26th 28th 30th 35th 12th 17th 18th 19th 20th 1st 6th


RELATIVE WORLD COMPETITIVENESS By Factors, 2014

0

1

2

3

4

5

6

7

8

9

Kore

a

Ita

ly

US

A

Sp

ain

Ger

man

y

Net

her

lan

ds

Ja

pan

Ca

na

da

Sw

eden

Fra

nce

Sin

gap

ore

Den

mark

Isra

el

Cyber Security

* The numbers on the left side of each graph refer to relative availability of skills as reported by survey IMD ranking on a scale of 1-10


0

1

2

3

4

5

6

7

8

9

Po

rtu

ga

l

Cze

ck R

epu

bli

c

Sp

ain

Kore

a

Ita

ly

Fra

nce

Ca

na

da

Ja

pan

Sw

eden

Den

mark

US

A

Isra

el

Innovative Capacity

RELATIVE WORLD COMPETITIVENESS



By Factors, 2014

Source: IMD World Competitiveness Yearbook 2014


0

1

2

3

4

5

6

7

8

9

Ital

y

Ho

ng K

ong

Irel

and

Can

ada

Fra

nce

Sin

gap

ore

Ger

man

y

US

A

Isra

el

Sw

itze

rlan

d

Scientific Research

0

1

2

3

4

5

6

7

8

9

Fra

nce

Ko

rea

Port

ugal

Sw

eden

UK

Can

ada

US

A

Isra

el

Irel

and

Flexibility and Adaptability



By Factors, 2014



0

2

4

6

8

Ital

y

UK

Au

stra

lia

Fra

nce

Ko

rea

Den

mar

k

Isra

el

Total R&D Personnel in Business Per Capita

2012

0%

10%

20%

30%

40%

50%

60%

70%

US

A

Fra

nce

Ger

man

y

Ko

rea

Isra

el

Jap

an

Sin

gap

ore

Science Degrees 2011

012345678

Spai

n

Ital

y

U.K

.

Bra

zil

Den

mar

k

US

A

Ger

man

y

Isra

el

Entrepreneurship

0%

1%

1%

2%

2%

3%

3%

4%

Ital

y

Can

ada

Fra

nce

Ger

man

y

Japan

Kore

a

Isra

el

Business Expenditure on R&D



By Factors, 2014



0123456789

Fin

lan

d

Isra

el

Den

mark

US

A

Ja

pan

UK

Germ

an

y

Information Technology

Skills

0

1

2

3

4

5

6

7

8

9

Ger

man

y

Hon

g K

on

g

US

A

Sw

eden

Irel

an

d

Isra

el

Fin

lan

d

Qualified Engineers



Main Indicators 2010-2013

Source: C.B.S., Ministry of Economy

Real annual percentage change Annual

average 2010 2011 2012 2013

Gross Domestic Product 5.8 4.2 3.0 3.2 4.0

Business Sector Product 6.8 4.5 2.9 3.4 4.4

GDP per capita 3.8 2.3 1.1 1.3 2.1

Fixed Capital Investment 11.9 17.6 4.7 0.1 8.6

Buildings and other construction

works 10.7 10.2 5.7 3.4 7.5


Population, Immigration and Employment

2009 2010 2011 2012 2013

Average Population (thousands) 7,480 7,622 7,763 7,910 8,060

Percentage change in average population 1.9 1.9 1.8 1.8 1.8

Immigration (thousands) 14.6 16.6 16.9 16.6 16.8

Employed Persons (thousands) 2,841 2,938 3,025 3,359 3,449

Unemployed Persons (thousands) 230 209 180 247 228

Unemployment Rate )%( 7.6 6.6 5.6 6.9 6.2



Main Industrial Indicators Real Annual Percentage Change

All figures refer to total industry excluding diamonds. Source: C.B.S. , Ministry of Economy.

2013 2012 2011 2010 2009 2008

1.1- 4.7 2.2 7.9 -6.0 7.0 Production

3.2 4.6- -0.8 12.7 -8.3 8.8 Export

0.3 0.7 1.7 1.6 -4.8 1.7 Employment

0.7- 3.9 0.3 6.1 -1.3 5.3 Productivity

24.5- 7.7- 53.4 7.6 26.2- 2.8 Gross Investment


By Major Category

Millions of U.S. $ (Current Prices)

Imports of Goods (gross)


2008 2009 2010 2011 2012 2013

Consumer goods 8,240 7,600 8,690 10,040 10,539 11,506

of which, durable 3,189 3,103 3,563 4,085 4,384 4,871

Production inputs 46,604 31,921 41,629 50,990 52,073 50,931

Investment goods 10,270 7,789 8,799 12,416 10,449 9,493

of which, machinery &

equipment 7,127 5,279 5,683 8,983 6,903 5,725

Total Imports 65,114 47,310 59,118 73,536 72,270 72,000


Export of Goods (gross) Millions of U.S.$ (Current Prices)

2008 2009 2010 2011 2012 2013

Agricultural export 1,226 1,230 1,327 1,381 1,373 1,495

1. Citrus 101 139 167 155 189 189

2. Flowers 203 146 103 106 128 126

Industrial export 56,156 44,399 53,640 62,441 58,656 61,773

1. Polished Diamonds 15,522 9,431 12,962 16,689 14,393 15,713

2. Industrial export

excluding diamonds 40,634 34,968 40,678 45,752 44,263 46,060

Of which hi-tech 17,150 17,920 20,128 21,517 19,723 20,121

Other exports 3,957 2,307 3,464 3,980 3,200 3,700

Total Export 61,339 47,936 58,431 67,802 63,145 66,788

Source: Israel C.B.S, Foreign Trade.


Service Sector Exports Millions of U.S.$ (Current Prices)

2008 2009 2010 2011 2012 2013

Travel & Tourist Services 4,279 4,444 5,106 5,305 5,446 5,628

Transportation Services 5,170 3,167 4,254 4,475 4,546 1,568

Other Business Services 14,862 15,075 15,209 17,539 21,137 22,889

Of which: Computer

Software 4,899 4,821 5,528 6,886 8,018 8,439

Research & Development 3,424 4,243 3,529 3,346 4,669 5,847

Total Services 24,310 21,983 25,373 27,386 31,181 33,735

Source: Israel C.B.S, Balance of Payments.

Ministry of Economy Research & Economics Administration · the israeli economy at a glance...

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