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Israel Contents

Contents

General Section

General Information

Infrastructure

Introduction

Railways

Roads

Ports

Telecom

Energy

Power

Oil & Gas

Banking

Banking

Travel

Travel

Policies

Finance Policy

Trade

Trade

Exim

Tax Structure

Tax System

Important Contacts

Important Contacts

   
 

 

 
   

 

 

General Informations

Prime Minister Mr. Ehud Olmert
Capital Tel Aviv
Area total: 20,770 sq km
land: 20,330 sq km
water: 440 sq km
Location Middle East, bordering the Mediterranean Sea, between Egypt and Lebanon
Land boundaries: total: 1,006 km
border countries: Egypt 255 km, Gaza Strip 51 km, Jordan 238 km, Lebanon 79 km, Syria 76 km, West Bank 307 km
Coastline: 273 km
Maritime claims Continental shelf: to depth of exploitation
territorial sea: 12 nm
Climate Temperate; hot and dry in southern and eastern desert areas
Natural Resources Copper, phosphates, bromide, potash, clay, sand, sulfur, asphalt, manganese, small amounts of natural gas and crude oil
Irrigated land 1,800 sq km (Approx.)
Natural hazards Sandstorms may occur during spring and summer
Environment-international agreements party to: Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Wetlands signed, but not ratified: Climate Change-Kyoto Protocol, Marine Life Conservation
Population 5,749,760 (Approx.)
Age sector 0-14 years: 28% (male 822,192; female 783,905)
15-64 years: 62% (male 1,792,062; female 1,783,755)
65 years and over: 10% (male 244,438; female 323,408) (Approx.)
Population growth Rate 1.81% (Approx.)
Birth rate 19.83 births/1,000 population (Approx.)
Death rate 6.16 deaths/1,000 population (Approx.)
Net migration rate 4.42 migrant(s)/1,000 population (Approx.)
Sex ratio at birth: 1.05 male(s)/female
under 15 years: 1.05 male(s)/female
15-64 years: 1 male(s)/female
65 years and over: 0.76 male(s)/female
total population: 0.99 male(s)/female (Approx.)
Life expectancy at birth total population: 78.61 years
male: 76.71 years
female: 80.61 years (Approx.)
Religions Judaism 80.1%, Islam 14.6% (mostly Sunni Muslim), Christian 2.1%, other 3.2% (Approx.)
Legislative Body Unicameral Knesset or parliament
Languages Hebrew (official), Arabic used officially for Arab minority, English most commonly used foreign language
Literacy definition: age 15 and over can read and write
total population: 95%
male: 97%
female: 93% (Approx.)
Currency 1 new Israeli shekel (NIS) = 100 new agorot
Legal System Mixture of English common law, British Mandate regulations, and, in personal matters, Jewish, Christian, and Muslim legal systems; in December 1985, Israel informed the UN Secretariat that it would no longer accept compulsory ICJ jurisdiction
GDP: Purchasing Power Parity $101.9 billion (Approx.)
GDP - real growth rate 1.9% (Approx.)
GDP - per capita $18,100 (Approx.)
GDP - Composition by sector agriculture: 2%
industry: 17%
services: 81% (Approx.)                      
Economy Overview Israel has a technologically advanced market economy with substantial government participation. It depends on imports of crude oil, grains, raw materials, and military equipment. Despite limited natural resources, Israel has intensively developed its agricultural and industrial sectors over the past 20 years. Manufacturing and construction employ about 28% of Israeli workers; agriculture, forestry, and fishing 2.6%; and services the rest. Israel is largely self-sufficient in food production except for grains. Diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are leading exports. Israel usually posts sizable current account deficits, which are covered by large transfer payments from abroad and by foreign loans. Roughly half of the government's external debt is owed to the US, which is its major source of economic and military aid. The influx of Jewish immigrants from the former USSR topped 750,000 during the period 1989-98, bringing the population of Israel from the former Soviet Union to one million, one-sixth of the total population and adding scientific and professional expertise of substantial value for the economy's future. The influx, coupled with the opening of new markets at the end of the Cold War, energized Israel's economy, which grew rapidly in the early 1990s. But growth began slowing in 1996 when the government imposed tighter fiscal and monetary policies and the immigration bonus petered out.
Household income lowest 10%: 2.8%
highest 10%: 26.9% (Approx.)
Inflation rate (consumer prices) 5.4% (Approx.)
Industries Food processing, diamond cutting and polishing, textiles and apparel, chemicals, metal products, military equipment, transport equipment, electrical equipment, potash mining, high-technology electronics, tourism
Industrial production growth rate 5.4% (Approx.)
Agriculture- products Citrus, vegetables, cotton; beef, poultry, dairy products
Exports $22.1 billion (f.o.b., 1998)
Exports-commodities machinery and equipment, cut diamonds, chemicals, textiles and apparel, agricultural products, metals
Exports-partners US 32%, UK, Hong Kong, Benelux, Japan, Netherlands (1997)
Imports $26.1 billion (f.o.b., 1998)
Imports-commodities Raw materials, military equipment, investment goods, rough diamonds, oil, consumer goods
Imports-partners US 19%, Benelux 12%, Germany 9%, UK 8%, Italy 7%, Switzerland 6% (1997)
Communication   
Telephones 2.6 million (1996)
Telephone system Most highly developed system in the Middle East although not the largest
domestic: good system of coaxial cable and microwave radio relay
international: 3 submarine cables; satellite earth stations-3 Intelsat (2 Atlantic Ocean and 1 Indian Ocean)
Transportation   
Railways total: 610 km
standard gauge: 610 km 1.435-m gauge (1996)
Highways total: 15,464 km
paved: 15,464 km (including 56 km of expressways)
unpaved: 0 km (Approx.)
Pipelines Crude oil 708 km; petroleum products 290 km; natural gas 89 km
Ports and harbors Ashdod, Ashqelon, Elat (Eilat), Hadera, Haifa, Tel Aviv-Yafo
Tax Structure Tax Structure
International Membership BSEC (observer), CCC, CE (observer), CERN (observer), EBRD, ECE, FAO, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IFAD, IFC, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, OAS (observer), OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WHO, WIPO, WMO, WToO, WTrO            

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