Economic Highlights Presentation, Q1 2011
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Transcript of Economic Highlights Presentation, Q1 2011
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STATE OF ISRAELMINISTRY OF FINANCEINTERNATIONAL AFFAIRS DEPARTMENT
ECONOMIC HIGHLIGHTSMarch 2011, 1st Quarter 2011
Click to start
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ContentsEconomic Figures
Balances
International Comparisons
Israel and the OECD
International Treaties
Relevant Sites
Contact Us
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Economic FiguresGDP and Business GDPMajor GDP ComponentsGrowth: Israel compared to the WorldExports of Goods and ServicesForeign InvestmentsUnemployment & Participation RatesInflation RateGrowth of Main GDP Components 2008Main Economic IndicatorsMain Trading PartnersInflation Rate WorldwideBACK TO CONTENTS
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*Current Prices, using a public exchange rate of 1$ = 3.56 NIS ** EstimatedMain Economic Indicators
Source: Ministry of Finance, IMFCONTINUE
Criteria200920102010Q12010Q22010Q32010Q4GDP(current prices in $B)*197.9207.050.751.452.052.9Real GDP Growth Rate(%)0.8%4.6%5.1%5.4%4.6%7.7% GDP per Capita (PPP adjusted)*28,581$29,404$**--------GDP per Capita Growth Rate (%, 2005 prices)-1.1%4.1%3.3%3.6%2.6%5.5%Exports (Goods & Services) $B*(As Percentage of GDP)78.2(39.5%)88.94(43%)21.4(42.3%)22.3(43.4%)22.5(43.2%)23.0(43.5%)Imports (Goods & Services) $B*(As Percentage of GDP)73.8(37.3%)83.1(40.1%)20.2(39.9%)20.6(40.2%)20.6(39.7%)21.2(40.1%)Unemployment Rate(%)7.6%6.6%6.9%6.5%6.6%6.6%
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Source: Ministry of Finance
CONTINUEMain Economic Indicators
Criteria2007200820092010Total Gross Debt(% of GDP)77.8%77.1%79.3%76.5%Government Expenditure (Percentage of GDP)43.6%43.0%43.0%42.7%Current Account Surplus(% of GDP)2.9%0.8%3.6%3.1%Inflation Rate(CPI, yearly average)0.5%4.6%3.3%2.7%
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Source: Ministry of Finance
Main Economic IndicatorsCONTINUEAll 3 rating firms have reaffirmed Israels rating, without any downgrade,during the global economic crisis in 2009.
Rating FirmTermDomestic BondsForecastOverseas BondsRatingRatingMoody'sLongA1StableA1Short-P1Standard & Poor'sLongAA-StableAShortA-1+A-1FitchLongA+StableAShort-F1
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GDP and Business GDP
Annual rate of change (%), in Constant PricesIn 2010, Israel has recovered from the globalIn the 4th quarter of 2010, Israel economic crisis, and is back to previous years experienced exceptional growth rates growth rates Source: Ministry of Finance.
CONTINUE
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GDP GrowthIsrael compared to Advanced Economies* (Annual rate of change (%), in constant prices)Source: Ministry of FinanceSince 2004, Israels growth rate has exceeded the average growth rate of advanced economies.
CONTINUEIn 2009, as most of the world experienced a decline in GDP, Israel experienced a 0.8% growth in its GDP
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Major GDP Components
(Annual rate of change (%), in constant prices)Source: Ministry of Finance
CONTINUEIn 2010, Investment in Fixed Assets and Export of Goods and Services recovered sharply, after they were contracted severely in2009 due to the economic crisis.
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Source: Ministry of FinanceExports of Goods and Services ($B)*
CONTINUE* In Current Prices
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Israels Main Trading Partners
(US$ Billions)Source: Central Bureau of StatisticsExports
CONTINUE* Since July 1997 the data on trade with Hong-Kong is added to the data on China Imports
1
2016.8USAUSAUSA
5.43.9China*China*China*
4.62.4Belgium & LuxembourgBelgium & LuxembourgBelgium & Luxembourg
2.41.8IndiaIndiaIndia
21.6NetherlandsNetherlandsNetherlands
21.4GermanyGermanyGermany
1.91.4UKUKUK
1.31.1FranceFranceFrance
1.71.1ItalyItalyItaly
1.61.1TurkeyTurkeyTurkey
2008
2009
Sheet1
USAChina*Belgium & LuxembourgIndiaNetherlandsGermanyUKFranceItalyTurkey
200820.05.44.62.42.02.01.91.31.71.6
200916.83.92.41.81.61.41.41.11.11.1
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85.8USAUSAUSA
4.23.5China*China*China*
3.93.4GermanyGermanyGermany
43.3SwitzerlandSwitzerlandSwitzerland
4.42.7Belgium & LuxembourgBelgium & LuxembourgBelgium & Luxembourg
2.62.1ItalyItalyItaly
2.51.9UKUKUK
2.51.9NetherlandsNetherlandsNetherlands
2.21.5JapanJapanJapan
1.91.4FranceFranceFrance
2008
2009
Sheet1
USAChina*GermanySwitzerlandBelgium & LuxembourgItalyUKNetherlandsJapanFrance
200884.23.944.42.62.52.52.21.9
20095.83.53.43.32.72.11.91.91.51.4
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Israels Main Trading Partners
(US$ Billions)Source: Central Bureau of Statistics
CONTINUEImportsExports
1
23.59.46.3
26.811.98.3
29.713.78.7
22.910.16.7
Europe
Asia
North America
Sheet1
2006200720082009
Europe23.526.829.722.9
Asia9.411.913.710.1
North America6.38.38.76.7
1
15.58.618.8
19.19.819.9
21.912.221.2
15.49.517.6
Europe
Asia
North America
Sheet1
2006200720082009
Europe15.519.121.915.4
Asia8.69.812.29.5
North America18.819.921.217.6
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Net Foreign Investments in Israel (In $ Billion)* 2006 is exceptional due to a large acquisition by Teva Pharmaceutical Industries LtdSource: Ministry of Finance
CONTINUE
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Unemployment and Participation (As % of Total Labor Force)Source: Ministry of Finance
CONTINUEAs Israel grows out of the global recession, since the 2nd quarter of 2009 unemployment is decreasing, hand in hand with an increase in participation rate since the 1st quarter of 2010.
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0.0750.569
0.0790.568
0.0770.569
0.0720.568
0.0690.566
0.0650.571
0.0660.577
Unemployment Rate
Participation in the Labor Force
6.7%
56.6%
Sheet1
Q2Q3Q42008 Q1Q2Q32009 Q1Q2Q3Q42010 Q1Q2Q3Q4
Unemployment Rate7.6%7.3%6.7%6.1%5.9%6.0%7.5%7.9%7.7%7.2%6.9%6.5%6.6%6.6%
Participation in the Labor Force56.5%56.5%56.1%56.5%56.4%56.4%56.9%56.8%56.9%56.8%56.6%57.1%57.7%57.8%
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Inflation Rate
(Rate of Change in CPI, yearly average)Source: Central Bureau of Statistics, Ministry of Finance
CONTINUE
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Inflation Rate Worldwide
(Annual rate of change in CPI)
Sources: Ministry of Finance, IMF
CONTINUEThe Israeli economy demonstrated a high level of stability compared to other countries throughout the global economic crisis
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Source: Ministry of FinanceGrowth of Main GDP Components for Previous Year
NEXT CHAPTER: BALANCESBACK TO CONTENTS
Criteria2010Real GDP+ 4.6%Business GDP+ 5.4%Exports+ 13.8%Private Consumption+ 1.4%Public Consumption+ 2.2%Investment in Fixed Assets+ 12.4 %
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BalancesBudget Deficit Target and ExecutionGross Public DebtBACK TO CONTENTSBudget Deficit and General Government ExpenditureGross Tax BurdenCurrent Account and Net Foreign Debt
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Gross Public Debt
(as percentage of GDP)Source: Ministry of Finance Since 2003, gross public debt has been on a consistent downward trend, only interrupted by the extraordinary circumstances surrounding the 2009 global economic crisisCONTINUE
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Budget Deficit Target and Execution(in NIS million, Current prices)Source: Ministry of Finance CONTINUE
For the first time in its history, Israel enacted a biennialbudget for the years 2009-2010
In both years, Israel came in under budget target.
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Source: Ministry of FinanceBudget Deficit and General Government ExpenditureBudget Deficit(% of GDP)General Government Expenditure (% of GDP)CONTINUE
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0.453
0.447
0.436
0.43
0.43
0.427
1
Budget Deficit
200520062007200820092010
Government Expenditure45.30%44.70%43.60%43.00%43.00%42.70%
2
3
1
0.018
0.009
0
0.022
0.052
0.037
1
20052006200720082009201020070.80%20070.02%
Budget Deficit1.80%0.90%0.00%2.20%5.20%3.70%20061.20%20061.00%
20051.60%20051.90%
20043.00%20043.60%
20034.80%20035.40%
20025.40%20023.60%
20014.60%20014.20%
20002.40%20000.70%
19993.70%19993.20%
1
2
3
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Current Account Balance and Net Foreign DebtSource: Ministry of Finance.Since 2003, the current account balance is positive, and is accompanied by a decrease of net foreign debtCurrent Account Surplus (% of GDP)Net Foreign Surplus*(% of GDP)CONTINUE
*Current Prices, using a public exchange rate of 1$ = 3.56 NIS
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Source: Ministry of Finance, OECDGross Tax Burden (as % of GDP)OECD countries average: 34.8% (2008 average)NEXT CHAPTER: INTERNATIONAL COMPARISONSBACK TO CONTENTS
1
0.355
0.356
0.359
0.362
0.338
0.314
1
2004200520062007200820092010
35.50%35.60%35.90%36.20%33.80%31.40%32.50%
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3
MBD000CDBDA.
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International ComparisonsNASDAQ and Tel-Aviv 100 (monthly average)WEF Global Competitive IndexCentral Bank Interest Rates: Israel and U.S.ABACK TO CONTENTSIMD World Competitiveness Yearbook
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Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010IMD World Competitiveness Yearbook 2010The Institute for Management
Development ranked Israel
17th
out of 58 countries for 2010
(Israel was ranked 24th in 2009)
CONTINUE
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Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010
IMD World Competitiveness Yearbook 2010CONTINUE
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Source: International Institute for Management and Development (IMD), World Competitiveness Yearbook 2010
IMD World Competitiveness Yearbook 2010CONTINUE
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Source: World Economic Forum, Global Competitiveness Index, 2010-2011The World Economic Forum
ranked Israel
24th
out of 139 countries
for 2010-2011
CONTINUEWEF Global Competitiveness Index 2010-2011
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Source: World Economic Forum, Global Competitiveness Index, 2010-2011
CONTINUEWEF Global Competitiveness Index 2010-2011
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Source: World Economic Forum, Global Competitiveness Index, 2010-2011
CONTINUEWEF Global Competitiveness Index 2009-2010
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Central Bank Interest Rates: Israel and U.S.ASource: Bank of Israel (BOI), Federal ReserveBank of Israel Rate (BOI)U.S. Federal Funds Rate
CONTINUEThe Bank of Israel was the first in the western world to raise interest since the outburst of the economic crisis.
The rate was raised gradually from 0.5% to 3.0%
1
0.0250.01
0.01750
0.010
0.00750
0.0050
0.0050
0.0050
0.0050
0.0050
0.00750
0.00750
0.00750
0.010
0.01250
0.01250
0.01250
0.0150
0.0150
0.0150
0.0150
0.01750
0.01750
0.020
0.020
0.020
0.020
0.02250
0.0250
0.034
Bank of Israel Interest Rate
Federal Reserve Rate
Sheet1
2006 1234567891011122007 1234567891011122008 1234122009 1234567891011122010 1234567891011122011 1234
Bank of Israel Interest Rate4.50%4.75%4.75%5.00%5.25%5.25%5.25%5.50%5.50%5.50%5.25%5.00%4.50%4.25%4.00%4.00%3.75%3.50%3.50%3.75%4.00%4.00%4.00%4.00%4.25%4.25%3.75%3.25%2.50%1.75%1.00%0.75%0.50%0.50%0.50%0.50%0.50%0.75%0.75%0.75%1%1.25%1.25%1.25%1.50%1.50%1.50%1.50%1.75%1.75%2.00%2.00%2.00%2.00%2.25%2.50%3.00%
Federal Reserve Rate4.50%4.50%4.75%4.75%5.00%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%5.25%4.75%4.50%4.50%4.25%3.00%3.00%2.25%2.00%1.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%000000000
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NASDAQ & Tel Aviv 100 (monthly average)Source: Ministry of FinanceTel Aviv 100 corresponds with the NASDAQ to current events
NEXT CHAPTER: ISRAEL AND THE OECDBACK TO CONTENTS
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Israel and the OECDUnemploymentGDP per CapitaReal GDP GrowthExpenditure on R&DIsrael was invited as a full member in the OECD on May 10th, 2010, and officiallyjoined in September 10th, 2010.BACK TO CONTENTS
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Source: OECD
CONTINUEIsrael is ranked 1st of all OECD countries by expenditure on R&D (research & development)
as percentage of GDP (4.864 %), demonstrating innovation, development and creativity.
Expenditure on R&D(as percentage of GDP, 2008)
1
0.3749869665
0.4700050039
0.5791456809
0.6054344701
0.67
0.7224068285
0.88
0.9466198186
0.9669868798
1.0345417354
1.13
1.182221746
1.2058240187
1.2724022318
1.3506078078
1.4300268759
1.4419592889
1.4667519698
1.5115636582
1.615357086
1.6214128148
1.6613511609
1.7103245502
1.842844206
1.8842585287
1.9210990948
2.021599971
2.0574002988
2.2759928063
2.5319982181
2.6530018104
2.6667071774
2.719870584
2.7703731541
2.902218491
3.210354863
3.4424336493
3.4894580139
3.7506957025
4.8644263659
2008 or latest available year
Graph
OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - OECD 2010
Science and technology - Research and Development - Expenditure on R&D
Gross domestic expenditure on R&D2008 or latest available year
As a percentage of GDPMEX0.37Mexico
SVK0.47SlovakRepublic
GRC0.58Greece
POL0.61Poland
CHL0.67Chile
TUR0.72Turkey
IND0.88India
ZAF0.95SouthAfrica
HUN0.97Hungary
RUS1.03RussianFederation
BRA1.13Brazil
ITA1.18Italy
NZL1.21NewZealand
EST1.27Estonia
ESP1.35Spain
IRL1.43Ireland
CHN1.44China
CZE1.47CzechRepublic
PRT1.51Portugal
NOR1.62Norway
LUX1.62Luxembourg
SVN1.66Slovenia
NLD1.71Netherlands
CAN1.84Canada
GBR1.88UnitedKingdom
BEL1.92Belgium
FRA2.02France
AUS2.06Australia
OECD2.28OECDtotal
DEU2.53Germany
ISL2.65Iceland
AUT2.67Austria
DNK2.72Denmark
USA2.77UnitedStates
CHE2.90Switzerland
KOR3.21Korea
JPN3.44Japan
FIN3.49Finland
SWE3.75Sweden
ISR4.86Israel
Graph
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2008 or latest available year
*
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Real GDP Growth
(3-year average at end of period)Source: OECD
CONTINUEIsraels 3-year average growth rate is higher then most OECD members.
For Israels year-on-year graph, seeslide no.7
1
0.8578466155
1.0967931351
1.2239139016
1.2513707928
1.3845354146
1.6295682948
1.7286542887
1.8554404844
1.9274089429
2.0282032737
2.1274205982
2.1505498213
2.2295904809
2.3303208932
2.4990909457
2.7163086142
2.8240613483
2.9964911615
2.9975328532
2.997564903
3.0983157464
3.22219604
3.352628678
3.6599315087
3.7176235435
3.9930961887
4.1370292775
4.1573168929
4.164409088
4.3649897532
4.4952583794
4.8316649649
4.9309683821
5.1163245966
5.3575727566
5.9661208033
5.9973536779
7.1276977745
8.4184333199
8.8277861873
11.1876057991
3-year average at end of period
Graph
OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - OECD 2010
Production and income - Production - Evolution of GDP
Real GDP growth3-year average at beginning of period3-year average at end of period
Average annual growth in percentageITA1.930.86Italy
PRT4.031.10Portugal
JPN2.101.22Japan
NZL3.131.25NewZealand
DNK3.031.38Denmark
FRA1.801.63France
USA3.601.73UnitedStates
HUN2.261.86Hungary
CAN2.861.93Canada
GBR3.102.03UnitedKingdom
OECD3.072.13OECDtotal
SWE2.662.15Sweden
BEL2.502.23Belgium
DEU1.572.33Germany
NOR4.902.50Norway
IRL9.722.72Ireland
ESP3.032.82Spain
CHE1.033.00Switzerland
NLD3.603.00Netherlands
AUT2.273.00Austria
AUS4.173.10Australia
MEX1.763.22Mexico
FIN4.593.35Finland
GRC2.703.66Greece
ISL3.243.72Iceland
LUX2.913.99Luxembourg
TUR7.234.14Turkey
KOR6.954.16Korea
CHL5.754.16Chile
EST8.004.36Estonia
ZAF3.334.50SouthAfrica
ISR4.264.83Israel
BRA3.234.93Brazil
CZE3.035.12CzechRepublic
SVN4.035.36Slovenia
IDN6.895.97Indonesia
POL6.776.00Poland
RUS-2.547.13RussianFederation
SVK5.708.42SlovakRepublic
IND6.528.83India
CHN10.0611.19China
Graph
1.93096867040.8578466155
4.03287348361.0967931351
2.09898886961.2239139016
3.12793948651.2513707928
3.03319305981.3845354146
1.79878575781.6295682948
3.5966797161.7286542887
2.25641783951.8554404844
2.86118277491.9274089429
3.09987067562.0282032737
3.06568531492.1274205982
2.66153391632.1505498213
2.49567880262.2295904809
2.49872947072.2944020466
1.56586663652.3303208932
4.89875858942.4990909457
9.72452391662.7163086142
3.03138541462.8240613483
1.03049446812.9964911615
3.59874733262.9975328532
2.26652550622.997564903
4.16636818123.0983157464
1.76457197823.22219604
4.59387993743.352628678
2.69796028863.6599315087
3.24212845423.7176235435
2.91215024813.9930961887
7.23313652234.1370292775
6.95088088184.1573168929
5.75167848274.164409088
8.00176674644.3649897532
3.33087607294.4952583794
4.26083540744.8316649649
3.22970032834.9309683821
3.02900744575.1163245966
4.03153333745.3575727566
6.88847996045.9661208033
6.7659056685.9973536779
-2.54106618327.1276977745
5.69504399388.4184333199
6.52447743498.8277861873
10.0647194911.1876057991
3-year average at beginning of period
3-year average at end of period
*
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GDP per capita (current prices in US$, current PPPs, 2008)Source: OECD
* EstimatedCONTINUEFor Israels adjusted PPP GDP Per Capita, seeslide no.4Although no final data of the years 2009-2010 exist, it is reasonable to assume a diminishing gap between Israel and the OECD average
1
2779.9
3980
5970.3
10136
10465.8
13952.3
14494.9
14500.9
17294.1
19731.6
20647.6
22140.8
23283.4
24630.6
27036
27657.9
27865.3
27901.8
28896.4
31252.9
31455.4
33089.8
33731.6
34131.5
35287.8
35432.1
35630.9
35918.1
36789.8
36808.3
36964.5
37857.5
38637.5
38975.4
41063.2
41492.9
42782.5
47185.7
58716.9
84713
2008
Graph
OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - OECD 2010
Production and income - Production - Size of GDP
GDP per capita2008
US dollars, current prices and PPPs, 2008IND2 780India
IDN3 980Indonesia
CHN5 970China
ZAF10 136SouthAfrica
BRA10 466Brazil
TUR13 952Turkey
CHL14 495Chile
MEX14 501Mexico
POL17 294Poland
HUN19 732Hungary
EST20 648Estonia
SVK22 141SlovakRepublic
PRT23 283Portugal
CZE24 631CzechRepublic
NZL27 036NewZealand
KOR27 658Korea
SVN27 865Slovenia
ISR27 902Israel
GRC28 896Greece
ITA31 253Italy
ESP31 455Spain
FRA33 090France
OECD33 732OECDtotal
JPN34 132Japan
BEL35 288Belgium
DEU35 432Germany
GBR35 631UnitedKingdom
FIN35 918Finland
SWE36 790Sweden
DNK36 808Denmark
ISL36 965Iceland
AUT37 858Austria
AUS38 638Australia
CAN38 975Canada
NLD41 063Netherlands
IRL41 493Ireland
CHE42 783Switzerland
USA47 186UnitedStates
NOR58 717Norway
LUX84 713Luxembourg
Graph
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84 713
2008
*
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Source: Ministry of Finance, OECD
Israels unemployment grew mildly compared with some OECD members during 2009, with the global economic crisis in background.
For Israels unemployment, seeNEXT CHAPTER: INTERNATIONAL TREATIESBACK TO CONTENTS
Unemployment Rate (Average 2006-2008 or latest available period)slide no.14
1
2.7333333333
2.8333333333
3.3
3.3
3.7
3.7
3.7666666667
3.9
4
4.3666666667
4.4666666667
4.5666666667
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5.0333333333
5.0666666667
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6.1333333333
6.4333333333
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6.8333333333
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7.2666666667
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7.5666666667
7.6
7.9
8.1
8.3
8.5
8.5
8.9333333333
9.4
10.2
11.4
Average 2006-2008 or latest available period
Graph
OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92-64-08356-1 - OECD 2010
Labour - Unemployment - Unemployment rates
Unemployment rates: totalAverage 1995-1997 or first available periodAverage 2006-2008 or latest available period
As a percentage of labour forceISL4.16666666672.7333333333Iceland
NOR4.73333333332.8333333333Norway
NLD5.83333333333.3Netherlands
KOR2.23333333333.3Korea
CHE3.86666666673.7Switzerland
DNK6.13.7Denmark
MEX5.13333333333.7666666667Mexico
NZL6.53333333333.9NewZealand
JPN3.34Japan
AUT4.24.3666666667Austria
AUS8.23333333334.4666666667Australia
LUX2.83333333334.5666666667Luxembourg
USA5.35UnitedStates
IRL11.35.0333333333Ireland
SVN7.06666666675.0666666667Slovenia
EST10.15.4Estonia
GBR7.73333333335.4333333333UnitedKingdom
CZE4.26666666675.6CzechRepublic
OECD7.13333333336OECDtotal
CAN9.46.1333333333Canada
SWE9.36666666676.4333333333Sweden
ITA11.23333333336.5666666667Italy
RUS10.36.8333333333RussianFederation
FIN14.23333333337Finland
ISR7.17.2666666667Israel
HUN9.66666666677.5333333333Hungary
CHL6.23333333337.5666666667Chile
BEL9.57.6Belgium
PRT7.17.9Portugal
BRA8.1Brazil
GRC9.43333333338.3Greece
FRA11.38.5France
DEU8.78.5Germany
TUR8.9333333333Turkey
ESP17.63333333339.4Spain
POL12.210.2Poland
SVK12.066666666711.4SlovakRepublic
&L&Z&F
Graph
4.16666666672.7333333333
4.73333333332.8333333333
5.83333333333.3
2.23333333333.3
3.86666666673.7
6.13.7
5.13333333333.7666666667
6.53333333333.9
3.34
4.24.3666666667
8.23333333334.4666666667
2.83333333334.5666666667
5.35
11.35.0333333333
7.06666666675.0666666667
10.15.4
7.73333333335.4333333333
4.26666666675.6
7.13333333336
9.46.1333333333
9.36666666676.4333333333
11.23333333336.5666666667
10.36.8333333333
14.23333333337
7.17.2666666667
11.26666666677.4333333333
9.66666666677.5333333333
6.23333333337.5666666667
9.57.6
7.17.9
BRA8.1
9.43333333338.3
11.38.5
8.78.5
TUR8.9333333333
17.63333333339.4
12.210.2
12.066666666711.4
Average 1995-1997 or first available period
Average 2006-2008 or latest available period
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International treatiesAvoidance of Double Taxation AgreementsBilateral Investment TreatiesCooperation in Industrial R&D AgreementsInternational Organization MembershipsIsraels Free Trade AgreementsBACK TO CONTENTS
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QIZ Agreements
Egypt(2004)
Jordan(1998)Israels Free Trade Agreements
1985199219971997199920002007USAEFTATurkeyCanadaMexicoEuropean Union (Association Agreement)MERCOSUR (Argentina not yet in force)CONTINUE
Source: Ministry of Finance
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Avoidance of Double Taxation Agreements
CONTINUE
Source: Ministry of Finance
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Avoidance of Double Taxation Agreements
CONTINUE
Source: Ministry of Finance
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Cooperation in Industrial R&D Agreements
CONTINUE
Source: Ministry of Finance
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Bilateral Investment Treaties
CONTINUE
Source: Ministry of Finance* See comments in the Bilateral Investments Treaties page in our website
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Bilateral Investment TreatiesCONTINUE
Source: Ministry of FinanceSouth Africa*ThailandTurkeyTurkmenistanUkraine*UzbekistanSlovakiaSlovenia*SerbiaMongoliaPolandRomania*MontenegroPeru*Vietnam** See comments in the Bilateral Investments Treaties page in our website
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Main International Economic Organizations Membership:Israel is a member in leading international economic organizations: United Nations Organizations United Nations Agencies World Bank Group International Monetary Fund OECD Regional Organizations Inter-Governmental Organizations
NEXT CHAPTER: RELEVANT SITESBACK TO CONTENTS
Source: Ministry of Finance
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Relevant SitesBACK TO CONTENTSMinistry of FinanceBank of IsraelCentral Bureau of StatisticsIsraeli Government PortalIsrael Securities AuthorityMinistry of Industry, Trade and LaborCONTACT US
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WE WELCOME YOUR FEEDBACKMr. Roni HershkovitzDirectorOverseas Economic Information International Affairs DepartmentMinistry of FinanceJerusalemIsraelMr. Assaf LuxembourgOverseas Economic InformationInternational Affairs DepartmentMinistry of FinanceJerusalemIsraelSTART OVER
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