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Economy Israel
Flag of Israel Israel
Population: 6,199,008 (July 2004 est.)
Capital: Jerusalem
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Tabular Data - The Israeli Economy

GDP : purchasing power parity - $120.9 billion (2003 est.)
GDP - Real Growth Rate : 1.3% (2003 est.)
GDP - Per Capita : purchasing power parity - $19,800 (2003 est.)
GDP - Composition By Sector : agriculture: 2.8%
industry: 37.7%
services: 59.5% (2003 est.)
Population Below Poverty Line : 18% (2001 est.)
Household Income or Consumption by Percentage : lowest 10%: 2.4%
highest 10%: 28.3% (1997)
Inflation Rate (Consumer Prices) : 0.7% (2003 est.)
Labor Force : 2.61 million (2003 est.)
Labor Force - By Occupation : agriculture, forestry, and fishing 2.6%, manufacturing 20.2%, construction 7.5%, commerce 12.8%, transport, storage, and communications 6.2%, finance and business 13.1%, personal and other services 6.4%, public services 31.2% (1996)
Budget : revenues: $44.98 billion
expenditures: $51.07 billion, including capital expenditures of NA (2003)
Industries : high-technology projects (including aviation, communications, computer-aided design and manufactures, medical electronics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, diamond cutting
Industrial Production Growth Rate : -0.6% (2003 est.)
Electricity - Production : 42.24 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 99.9%
hydro: 0.1%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 37.82 billion kWh (2001)
Electricity - Exports : 1.457 billion kWh (2001)
Agriculture - Products : citrus, vegetables, cotton; beef, poultry, dairy products
Exports : $29.32 billion f.o.b. (2003 est.)
Exports - Commodities : machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel
Exports - Partners : US 37.3%, Belgium 5.3%, UK 4.1% (2003 est.)
Imports : $32.27 billion f.o.b. (2003 est.)
Imports - Commodities : raw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goods
Imports - Partners : US 19.7%, Belgium 7.8%, Germany 7.6%, UK 6.5%, Switzerland 6.4% (2003 est.)
Debt - External : $70.97 billion (2003 est.)
Economic Aid - Recipient : $662 million from US (2003 est.)
Currency : new Israeli shekel (ILS); note - NIS is the currency abbreviation; ILS is the International Organization for Standarization (ISO) code for the NIS
Currency Code : ILS
Exchange Rates : new Israeli shekels per US dollar - 4.5541 (2003), 4.7378 (2002), 4.2057 (2001), 4.0773 (2000), 4.1397 (1999)
Fiscal Year : Calendar Year

Country References
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Data Source: Central Intelligence Agency 2004 World Factbook