Israel

Israel

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.

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]



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


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

MERCOSUR - Israel free trade agreement (from 19/11/2024)

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)

Aviv Wolff: Moo-ve Over, Bessie, There’s a New Dairy on the Scene…

Israeli food-tech start-up Remilk is challenging a global industry valued at around $900bn. According to Remilk’s founder and CEO, Aviv Wolff, the dairy industry has seen little innovation over the
Read more

UAE’s Economic Progress to Extend Beyond Post-Oil Era

Nearly seven years ago, President His Highness Sheikh Mohamed bin Zayed Al Nahyan provided a glimpse of what the future holds for the UAE. “In 50 years, when we might
Read more

Middle East – Business Trumps Politics

Joint business ventures, and the pragmatism required for success, laid the groundwork for the normalisation of relations between Israel and the United Arab Emirates (UAE) which was marked by the
Read more

King Abdullah II: An Insistent Appeal to Moderation and Reason

As Jordanians look back on twenty years of peace with Israel, they find little reason to celebrate the anniversary of the peace treaty between the two countries in anything more
Read more

CFI.co Meets Dr. Avigdor Klagsbald

Dr. A. Klagsbald & Co. Law Offices is one of Israel’s leading law firms, founded by Dr. A. Klagsbald, who is among Israel’s most highly esteemed litigators. The firm engages
Read more

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.

CFI

Published by
CFI
5 years ago

Recent Posts

UK Inflation Rate

4 years ago

UK Global Trade By Country – Imports (million £)

4 years ago

UK Global Trade By Country – Exports (million £)

4 years ago

Total Investment by Country (percent of GDP)

4 years ago

Foreign Direct Investment (FDI) net inflows by country from 2013 to 2020 (percent of GDP)

4 years ago

Imports of Goods and Services by Country (percent of GDP)

4 years ago