Israel gdp per capita

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Israel gdp per capita

The economy of Israel is a highly developed free-market economy. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli diamond industry is one of the world's centers for diamond cutting and polishing, amounting to Nonetheless, the country's nearly total reliance on energy imports may change in the future as recent discoveries of natural gas reserves off its coast and the Israeli solar energy industry have taken a leading role in Israel's energy sector. Israel's quality higher education and the establishment of a highly motivated and educated populace is largely responsible for ushering in the country's high technology boom and rapid economic development by regional standards. These developments have allowed the country to create a high concentration of high-tech companies across the country's regions. These companies are financially backed by a strong venture capital industry. In its early decades, the Israeli economy was largely state-controlled and shaped by social democratic ideas. In the s and s, the economy underwent a series of free-market reforms and was gradually liberalized. In , Israel became the first non-Latin-American country to sign a free trade agreement with the Mercosur trade bloc. The British Mandate for Palestine that came into effect in aimed at restricting land purchases by Jewish immigrants. For this reason, the Jewish population was initially more urban and had a higher share in industrial occupations. This particular development resulted economically in one of the few growth miracles of the region whereby the structure of firms was determined mainly by private businessmen rather than by the government. In , there were 86 spinning and weaving factories in the country, employing a workforce of 1, Capital and technical expertise were supplied by Jewish professionals from Europe.

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Additional Information. The values have been rounded to provide a better understanding of the statistic. Government expenditure on education in Israel Skip to main content. The gross domestic product per capita in Israel was forecast to continuously increase between and by in total 8, U. After the fifth consecutive increasing year, the GDP per capita is estimated to reach 61, This indicator describes the gross domestic product per capita at current prices.

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Israel gdp per capita

The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. GDP per capita is often considered an indicator of a country's standard of living ; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Comparisons of national income are also frequently made on the basis of purchasing power parity PPP , to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade , and it also requires more estimation than GDP per capita. Non-sovereign entities the world, continents, and some dependent territories and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are not ranked in the charts here except Kosovo and Taiwan , but are listed in sequence by GDP for comparison. In addition, non-sovereign entities are marked in italics. Note that several leading GDP-per-capita nominal jurisdictions may be considered tax havens , and their GDP data subject to material distortion by tax-planning activities. All data are in current United States dollars.

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On the short term its inability to duplicate its success in the telecommunication industry into other growing industries hampers its economic outlooks. Find all indicators on Society. Acute care Days Israel red. The Forward. Contents move to sidebar hide. February Archived from the original on 1 July Municipal waste Indicator. Self-employment rate Indicator. Subscription required. Retrieved 4 March Further information: International rankings of Israel.

The economy of Israel is a highly developed free-market economy. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli diamond industry is one of the world's centers for diamond cutting and polishing, amounting to

The expansion of Israel's textile industry was a consequence of the development of cotton growing as a profitable agricultural branch. Wikimedia Commons has media related to Economy of Israel. World Bank. Men Multiple of annual gross earnings Israel red. Find all indicators on Finance. Syracuse University Press. If you are an admin, please authenticate by logging in again. Archived PDF from the original on 19 October The Observatory of Economic Complexity. Financial Times 7 May Archived from the original on 11 May Total Ratio Israel red.