02 Apr, 2020
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Israel

ISR orthographic

We offer a data-driven country report for Israel that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Israel.[/vc_column_text][vc_column_text]

Its population in 2018 was 8,452,841 [1]

In 2015, 3.71% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 8.19% [2]

In 2021 it had a positive Current
Account Balance of US$bn 22.18 [3]

Its unemployment rate in 2021 was 4.96% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2020 was 5.44% [2]

A Big Mac will set you back the
local equivalent of US$4.58 [4]

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What free trade areas or economic unions is it a member of?

Member of the Euro-Mediterranean partnership (EuroMed) since 28/11/1995

Other members:

Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, State of Palestine, Syrian Arab Republic, Tunisia, Türkiye


What trade deals are there between Euro-Mediterranean partnership and other countries and economic unions?

None

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What trade deals are there with other countries and economic unions?

MERCOSUR - Israel free trade agreement (from 12/06/2025)

Protocol on Trade Negotiations (from 11/02/1973)

United States - Israel free trade agreement (from 19/08/1985)

EFTA - Israel Free Trade Agreement (from 01/01/1993)

Canada - Israel free trade agreement (from 01/01/1997)

Türkiye - Israel free trade agreement (from 01/05/1997)

EU - Israel Association Agreement (from 01/06/2000)

Israel - Mexico free trade agreement (from 01/07/2000)

UK - Israel trade and partnership agreement (from 01/01/2021)

Ukraine - Israel free trade agreement (from 01/01/2021)

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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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