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Economy of Israel

Population: 8.1 million in 20131

GDP: $291 billion in 20132

GDP per capita: $36,051 nominal3 ($32,760 PPP4) in 2013

GDP growth rate: 3.2% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities13360.3%
Wholesale, retail trade, restaurants and hotels2210.1%
Transport, storage and communication156.8%
Agriculture, hunting, forestry, fishing41.9%
Mining and utilities31.8%
Total value added220100%


Unemployment rate: 6.3% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles40311.7%
Public administration and defence36310.5%
Human health and social work35410.3%
Professional, scientific and technical2376.9%
Information and communication1664.8%
Accommodation and food service1504.4%
Administrative and support service1484.3%
Transportation and storage1474.3%
Finance and insurance1193.4%
Other service892.6%
Activities of households as employers641.9%
Arts, entertainment and recreation611.8%
Not elsewhere classified541.6%
Agriculture, forestry and fishing431.2%
Real estate280.8%
Water supply, sewerage and waste management160.5%
Electricity, gas, steam and air conditioning150.4%
Mining and quarrying30.1%
Extraterritorial organizations and bodies20.1%
Total employment3,450100%


Top 10 Corporations by Revenue 20139



Household Wealth: $843 billion (289% of GDP) in 201410

Household Wealth per Adult: $169,064 in 201410

Gini Coefficient: .376 in 201211


Central Government

Central Government Revenue: $109 billion (37% of GDP) in 201312

Central Government Expenditure: $114 billion (39% of GDP) in 201312

Central Government Budget Balance: -$5 billion (-2% of GDP)12

Central Government Public Debt: $178 billion (61% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 1.73% on Jan 26, 201514

* Public debt calculated using the exchange rate 3.99 ILS = 1 USD

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 26.5% in 201416

* Individual thresholds calculated using the exchange rate 3.99 ILS = 1 USD

Monetary Policy

Money Supply (M1): $41 billion (14% of GDP) in 2014* 17

Benchmark Interest Rate: 0.25% in Feb 201518

Total Reserves: $82 billion (23% of GDP) in 201319

Exchange Rate: 3.99 Israeli Shekels = 1 U.S. Dollar on Jan 26, 201520

Inflation: 1.5% in 201321

* Money supply calculated using the exchange rate 3.99 ILS = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $61 billion (21% of GDP)in 201323

Imports: $67 billion (23% of GDP) in 201323

Trade Balance: -$6 billion (-2% of GDP)23

Foreign Direct Investment Inflow: $12 billion (4% of GDP) in 201324

Foreign Direct Investment Outflow: $5 billion (2% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Bank of Israel, Statistics, Inflation and Monetary Policy (Money supply) Go back
18. Source: Bank of Israel (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: Global Humanitarian Assistance (Aid data) Go back