Includes historical data for Israel’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A High Tech, Sophisticated Economy
Situated at the crossroads of Europe, Asia, and Africa, Israel offers access to diverse markets and trade partnerships. Boasting a resilient economy with strong growth rates and low inflation, Israel is also renowned for its thriving tech sector, highly educated and multilingual talent pool and its world-class R&D and start-up ecosystem. Additionally, the Israeli government actively fosters foreign investment through a range of incentives, tax breaks, and simplified business registration procedures.
Yet, the geopolitical landscape has become increasingly volatile following the Hamas-led attack on October 7, 2023, exacerbating challenges and leading to further fragmentation in an already divided political scene.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Jerusalem |
| Sovereign Ratings |
S&P: AA– Moody’s: A1 Fitch Ratings: A+ |
| Total Population | 10.0 million |
| Median Age | 29.2 |
| Adult Per Capita Income (PPP) | 74,538 |
| Total GDP (2023) | 530.6 billion |
Israel GDP & Economic Overview
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Non-Economic Data
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Economics, Policy & Regulation
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Banking & Finance
Trade & Investment
| Total Exports | USD 92.0 billion (2023) |
|---|---|
| Leading Exports |
Diamonds Integrated Circuits Refined Petroleum Fertilizers Medical Instruments |
| Total Imports | USD 84.8 billion (2022) |
| Leading Imports |
Diamonds Cars Crude Petroleum Refined Petroleum Garments |
| Source: | World Integrated Trade Solution |
Israel Leading Companies
| Bank Leumi | Financials |
|---|---|
| Bank Hapoalim | Financials |
| Mizrahi Tefahot Bank | Financials |
| Teva Pharmaceutical | Pharmaceuticals |
| Check Point Software | Information Technology |
| Migdal Insurance | Insurance |
| Mobileye Global | Information Technology |
Major Trade Partners — Import
| China | 12% |
|---|---|
| Unspecified | 10% |
| United States | 9% |
| Switzerland | 7% |
| Germany | 7% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| United States | 27% |
|---|---|
| Unspecified | 8% |
| China | 7% |
| India | 5% |
| Netherlands | 4% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000