Official Name: | The State of Israel |
Sovereign Status: | Sovereign Country |
Government Type: | Parliamentary Democracy |
Official Name (Local Language): | Medinat Yisra'el |
ISO Country Codes: | IL : ISR |
Internet Domain: | .il |
Government Web Site: | https://www.knesset.gov.il/ |
Capital: | Tel Aviv | Main Airports: | Ben Gurion Airport |
Language(s): | Hebrew | Population: | 8,914,885 |
Currency: | Israeli New Shekel | ISO Currency Code: | ILS |
Telephone Dial In: | +972 | ID Prefix: | 00 |
Government Website: | https://www.knesset.gov.il/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/israel |
Central Bank: | Bank of Israel |
Currency USD Exchange Rate: | 3.25 new Israeli shekels (ILS) per US dollar (2020 est.) |
Unemployment Rate: | 4.4% (2020 est.) |
Population below poverty line: | 22% (2014 est.) |
Inflation Rate: | 1.8% (2020 est.) |
Prime Lending Rate: | 3.22% (Nov-20 - TradingEconomics) |
GDP: | $393.861 billion (2021 est.) |
GDP Pro Capita (PPP): | $42,100 (2021 est.) |
Currency Name: | Israeli New Shekel |
Currency Code: | ILS |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 2.1% | citrus, vegetables, cotton; beef, poultry, dairy products |
Industry: | 27.3% | high-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, pharmaceuticals, |
Services: | 69% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | English; Hebrew |
Customs & Excise: | Israel Tax Authority |
Development Bank(s): | Asian Infrastructure Investment Bank; |
National Standards Bureau: | Standards Institution of Israel |
Competitive Ind’l Performance: 20/141 (2019) | Corruption Perceptions Index: 31/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 30/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
Export Insurance Agency: The Israel Export Insurance Corp. Ltd. (ASHRA) ;
Export Promotion Agency: Israel Export and International Cooperation Institute ; Investment Agency: Investment Promotion Center ;
N/A
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