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Economy of Israel

The economy of Israel is advanced by global standards. Israel ranks within the top 20 nations in the world on the latest report of the UN's Human Development Index, which places it in the category of "Very Highly Developed", allowing the country to enjoy a higher standard of living than many other Western countries.

. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a modern infrastructure, and a high-technology sector competitively on par with Silicon Valley. Israel has the second-largest number of startup companies in the world after the United States and the third-largest number of NASDAQ-listed companies after the U.S. and China. Intel Microsoft[, and Apple] built their first overseas research and development facilities in Israel, and other high-tech multi-national corporations, such as IBM, Google, HP, Cisco Systems, Facebook and Motorola have opened R&D centres in the country

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 23.2% of all exports]Relatively poor in natural resources, Israel depends on imports of petroleum, raw materials, wheat, motor vehicles, uncut diamonds and production inputs, though the country's nearly total reliance on energy imports may change with recent discoveries of large natural gas reserves off its coast on the one hand and the leading role of the Israeli solar energy industry on the other.

 

CurrencyIsraeli new shekel

Gross domestic product318.7 billion USD (2016) World Bank

GDP per capita37,292.61 USD (2016)World Bank

GDP growth rate4.0% annual change (2016) World Bank

GNI per capita37,400 PPP dollars (2016) World Bank

Gross national income319.7 billion PPP dollars (2016) World Bank

 

 








 

Our Mission

We promote and facilitate Greek-Israeli economic, commercial and investment relations through various events such as:

1. Commercial missions.
2. Meetings and seminars.
3. Business meals and dinners.
4. Social events.
5. Participation in sector exhibitions.
6. We respond to your requests.


We accept many inquiries from Greece and Israel to which we respond by proposing companies, products and services. This includes lists of Greek and Israeli exporters, suppliers, dealers, manufacturers and distributors.

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