Indicators of economy in Israel
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Israel reached 44.169 US dollars per inhabitant, or 407.10 bn US Dollar in the whole country. Israel is therefore currently ranked 28 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Israel is in the list of the world's richest countries in place 32.Inflation in Israel was in 2020 at around -0.59%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.
Compared with the USA, prices for daily consumer goods are around 19.5% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
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Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Israel in 2020 increased from 397.93 billion US Dollar to 407.10 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 2.3 percent increase has been rather unusual this year. While most countries have suffered significant losses, Israel has certainly held its own. The unemployment rate rose from 3.8 to 4.6 percent. The inflation rate has fallen from 0.8 percent previously to -0.6 percent by the end of 2020.Unemployment rates in percent 1991 - 2020
Economic performance 2020
Israel Total | Israel per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 407.10 bn USD | 44,168.94 USD | 15,292.10 tn USD | 29,692.44 USD |
Gross national product | 392.68 bn USD | 42,604.20 USD | 15,330.18 tn USD | 29,766.38 USD |
Israel ranked 7th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 10 of the 2000 largest listed companies in the world originate from Israel. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:
Rank 936: Teva Pharmaceutical (Petach Tikva)
Rank 948: Bank Hapoalim (Tel Aviv)
Rank 968: Bank Leumi (Tel Aviv)
Rank 1281: Mizrahi Tefahot Bank (Ramat Gan)
Rank 1402: Check Point Software (Tel Aviv)
Rank 1554: Migdal Insurance (Petach Tikva)
Rank 1689: Israel Discount Bank (Tel Aviv)
Rank 1903: Harel Insurance Investments & Financial Services (Ramat Gan)
Rank 1929: FIBI Holdings (Tel Aviv)
Rank 1975: Clal Insurance Enterprises (Tel Aviv)
Development of the Gross domestic product in billion US Dollar 1979 - 2020
› Debt budget development
› Development of inflation
› Corruption in Israel
› Cost of living in a global comparison
› Development of inflation
› Corruption in Israel
› Cost of living in a global comparison
Im- and Exports 2020
Israel Total | Israel per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 96.53 bn USD | 10,473.25 USD | 7,314.16 bn USD | 14,201.79 USD |
Exports | 113.87 bn USD | 12,354.88 USD | 7,834.94 bn USD | 15,212.97 USD |
Development of imports and exports in billion US dollars 1979 - 2020
Exports
Imports