Israel gdp per capita

Additional Information. The values have been rounded to provide a better understanding of the statistic. Government expenditure on education in Israel

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Israel gdp per capita

The economy of Israel is a highly developed free-market economy. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli diamond industry is one of the world's centers for diamond cutting and polishing, amounting to Nonetheless, the country's nearly total reliance on energy imports may change in the future as recent discoveries of natural gas reserves off its coast and the Israeli solar energy industry have taken a leading role in Israel's energy sector. Israel's quality higher education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country's high technology boom and rapid economic development by regional standards. These developments have allowed the country to create a high concentration of high-tech companies across the country's regions. These companies are financially backed by a strong venture capital industry. In its early decades, the Israeli economy was largely state-controlled and shaped by social democratic ideas. In the s and s, the economy underwent a series of free-market reforms and was gradually liberalized. In , Israel became the first non-Latin-American country to sign a free trade agreement with the Mercosur trade bloc.

Computers and electronics [].

Country statistical profile. Projected growth rate: 4. Government debt: Use this code to embed the country dashboard into your website. The dashboard should have a minimum width of px to be displayed properly. Width: px Preview Embedding. Find all indicators on Agriculture.

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Cookies Policy. A single cookie will be used in your browser to remember your preference not to be tracked. The data reached an all-time high of 54, The Bank of Israel average market exchange rate is used for currency conversions. Israel Nominal GDP reached Its GDP deflator implicit price deflator increased 4. Gross Savings Rate of Israel was measured at

Israel gdp per capita

The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. GDP per capita is often considered an indicator of a country's standard of living ; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Comparisons of national income are also frequently made on the basis of purchasing power parity PPP , to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade , and it also requires more estimation than GDP per capita. Non-sovereign entities the world, continents, and some dependent territories and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here except Kosovo and Taiwan , but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics. Note that several leading GDP-per-capita nominal jurisdictions may be considered tax havens , and their GDP data subject to material distortion by tax-planning activities. All data are in current United States dollars.

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Start-Up Nation Central : 7, An agricultural trade accord was signed in November , which addressed the remaining goods not covered in the FTA. World portal. This section needs to be updated. Download as PDF Printable version. Ynet News 20 May In addition to the above steps, Israel and Cyprus are considering implementing the proposed EuroAsia Interconnector project. Cut diamonds, refined petroleum, pharmaceuticals, machinery and equipment, medical instruments, computer hardware and software, agricultural products, chemicals, textiles and apparel. Hospital beds Indicator. Israel is one of the world's three major centers for polished diamonds , alongside Belgium and India. Israel was financially overwhelmed and faced a deep economic crisis, which led to a policy of austerity from to As of , Israel ranks 20th out of countries on the economic complexity index. Find all indicators on Innovation and Technology. It normally posts a substantial trade surplus in services thanks to tourism and service industries such as software development, engineering services, and biomedical and scientific research and development. The Jordan Times.

The economy of Israel is a highly developed free-market economy.

Nevertheless, while operating reserves in Israel were low, the country possessed sufficient generation and transmission capacity to meet domestic electricity needs and unlike in the countries surrounding it, rolling blackouts have historically been quite rare, even at periods of extreme demand. Retrieved 28 January Deaths Per 1 inhabitants Israel red. Archived from the original on 11 January Credit Suisse. Find all indicators on Society. Arab nations not only refused to have direct trade with Israel the primary boycott , but they also refused to do business with any corporation that operated in Israel secondary boycott , or any corporation that did business with a corporation that did business with Israel tertiary boycott. The gross domestic product per capita in Israel was forecast to continuously increase between and by in total 8, U. Retrieved 25 August Use this code to embed the country dashboard into your website. Kitts and Nevis St.