Israel at 69: Economy growth of 62% since 2000 with 8,680,000 citizens

Israel celebrates 69 years of independence with strong economy; Israel makes up for 43% of world Jewry; Israel ranked 19th in UN Human Development Index



Israel accumulative economy has reached over 62% since the beginning of 2000.

According to statistics released on Israel’s economy in time for its celebration of 69 years of independence, Israel has an accumulative, double-growth economy compared to all OECD countries.

Out of 34 OECD states, Israel experienced the most growth out of the 2008 economic crisis- a startling cumulative growth of 35% in comparison to 14% growth from other states.

According the Central Bureau of Statistics, Israel’s population has increased by 1.9%, 159,000, through 2016-2017. Israel’s population accounts for 43% of world Jewry, Israel’s current population set at 8,680,000- 6,484,000 of which are Jewish.

Israel’s GDP has reached over $300 billion, a GDP per capita of $36,000, Israel ranked 24 out of 187 countries.

Israel standing in foreign exchange is impressive with Israel holding a reported $100 billion in foreign exchange reserves. According to economists, Israel is not only flexible, but its open markets in numerous smaller industries allow for financial stability amidst crises.

Israel is one of two developed countries to hold a ratio of government debt that shrinks to GDP in compared to global trends.

Israel’s unemployment rate continues to shrink each year, with its unemployment rate places this year at 4.4%- the average unemployment rate placed at 6.2% in OECD states. Israel also ranks higher in Labor force participation/employment percentage, Israel at 64% and increasing compared to the OECD cumulative of 60%.

Israel was ranked 19th by the United Nations Human Development Index, Israel placed at the top 90% of 188 countries. According to international statistics, over 80% of Israeli parents are satisfied with Israel’s education system, 75% satisfied with Israel’s healthcare system, with a high of 56% of students meeting university entrance requirements.

Regarding the effects of BDS, Israel has seen a five time increase in foreign artists performing in Israel since 2010, with 122 foreign artists performing in Israel in 2016.