Economy of Israel

Imports

Imports commoditiesraw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goods

Import partnersUS 12.9%, China 7.3%, Germany 6.3%, Switzerland 5.5%, Belgium 4.8% (2012)

Exports

Exports commoditiesmachinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel

Export partnersUS 27.8%, Hong Kong 7.7%, UK 5.7%, Belgium 4.6%, China 4.3% (2012)

Economy sectors

Agriculture productscitrus, vegetables, cotton; beef, poultry, dairy products

Industrial productshigh-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metals products, chemical products, plastics, diamond cutting, textiles, footwear

Economy

Unemployment5.80 % (2013)6.90 % (2012)5.60 % (2011)

GDP - Official Exchange Rate273 Billion $ (2013)254 Billion $ (2012)258 Billion $ (2011)

GDP growth rate3.30 % (2013)3.40 % (2012)4.60 % (2011)

GDP per Capita (PPP)36,200 $ (2013)33,900 $ (2012)32,000 $ (2011)

GDP - Purchasing Power Parity273 Billion $ (2013)261 Billion $ (2012)241 Billion $ (2011)

GDP PPP per land area13.2 Million $ per square kilometer (2013)12.6 Million $ per square kilometer (2012)11.6 Million $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity15.3 Million kW

Banking

Central bank discount rate1.00 % (2013)2.75 % (2011)2.02 % (2010)

Commercial bank prime lending rate3.80 % (2013)5.16 % (2012)5.54 % (2011)

Commercial bank prime lending rate of Israel

GDP decomposition by sector

Agriculture % of GDP2.40 % (2013)2.40 % (2012)

Industry % of GDP31.2 % (2013)32.0 % (2012)

Services % of GDP66.4 % (2013)65.6 % (2012)

Tourism

International tourism, number of arrivals2.89 Million (2012)2.82 Million (2011)2.80 Million (2010)

International tourism, number of departures4.35 Million (2012)4.39 Million (2011)4.27 Million (2010)

International tourism, number of departures of Israel

Yearly Tourist arrivals to residents ratio38.0 % (2012)36.3 % (2011)37.5 % (2010)

Yearly Tourist arrivals to residents ratio of Israel

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)67.1 % of GDP (2013)66.9 % of GDP (2012)72.6 % of GDP (2011)

Public debt (Percentage of GDP) of Israel

Budget surplus (+) or deficit (-)-4.00 % of GDP

Current Account Balance (Percentage of GDP)0.33 % of GDP (2012)1.26 % of GDP (2011)3.10 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Israel

Current Account Balance (Total)5.26 Billion $ (2013)609 Million $ (2012)1.87 Billion $ (2011)

Current Account Balance (Total) of Israel

External Debt (Total)96.3 Billion $ (2013)94.0 Billion $ (2012)103 Billion $ (2011)

External Debt (Percentage of GDP)35.3 % of GDP (2013)37.0 % of GDP (2012)39.7 % of GDP (2011)

External Debt (Percentage of GDP) of Israel

External Debt per Capita12,495 $ (2013)12,381 $ (2012)13,212 $ (2011)