Ministry of Tourism reports 38% increase in tourists to Israel in April 2017; 1.9 million tourists have visited Israel in 2017 alone; Tourism contributing to Israel’s strong economy
Israel has reached an all-time high in the number of tourists visiting, with a reported 349,000 tourists visiting Israel in April 2017.
Israel’s Ministry of Tourism announced that April 2017 has had the highest number of tourists to Israel in the nation’s 69-year history. It reported that tourism to Israel in April alone increased by 38% compared to April 2016.
Increase in tourism has been ongoing, with a 28% increase from the number of tourists between January and April 2016 to January and April 2017.
A reported 1.9 million tourists have visited Israel this year alone!
The Ministry of Tourism cited the lower cost of vacationing in Israel, as well as cheaper flights and hotel options in Israel as factors in the higher number of tourists.
Tourism is one of the largest markets in Israel, the boost in tourism contributing significantly to Israel’s economy. Just a few weeks ago, Bloomberg claimed Israel as the third most stable economy globally in 2016. Israel follows Hong Kong and South Korea, Bloomberg citing Israel’s 4.8% unemployment rate and almost non-existent inflation as the reasons Israel’s economy is so strong globally.
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. Israel’s GDP has reached over $300 billion, a GDP per capita of $36,000, Israel ranked 24 out of 187 countries.