Israel

Description of Israel

Welcome to our comprehensive analysis of Israel's geopolitical landscape and macroeconomic trends. As a nation situated at the crossroads of three continents, Israel's unique position has led to a rich tapestry of cultural influences and strategic importance. Through examining key macroeconomic statistics and geopolitical dynamics, we aim to provide valuable insights into Israel's development trajectory and its interactions with the global community.

Population And Age Structure

Population, total: Israel has a population of 9,215,100, which is significantly below the average population of 40,097,746. Israel ranks 97 out of 194 countries in total population.

Population ages 0-14 (% of total population): The percentage of population aged 0-14 in Israel is 28.24%, slightly above the average of 27.34%. Israel ranks 86 out of 194 countries in this demographic.

Population ages 0-14, total: Israel's total population aged 0-14 is 2,602,098, well below the average of 10,327,380. Israel ranks 89 out of 194 countries in this age group.

Population ages 15-64 (% of total population): The percentage of population aged 15-64 in Israel is 59.96%, lower than the average of 63.44%. Israel ranks 142 out of 194 countries in this demographic.

Population ages 15-64, total: Israel's total population aged 15-64 is 5,525,096, significantly below the average of 26,003,407. Israel ranks 98 out of 194 countries in this age group.

Population ages 65 and above (% of total population): The percentage of population aged 65 and above in Israel is 11.81%, higher than the average of 9.22%. Israel ranks 61 out of 194 countries in this age group.

Population ages 65 and above, total: Israel's total population aged 65 and above is 1,087,906, below the average of 3,766,959. Israel ranks 67 out of 194 countries in this age group.

Summary

Israel has a relatively small total population compared to the global average, with lower numbers in all age categories, especially among those aged 0-14 and 15-64. However, Israel has a higher percentage of population aged 65 and above compared to the average. These demographic indicators are crucial as they have implications for societal structure, labor force dynamics, healthcare needs, and pension system sustainability in Israel.

Population Miscellaneous

Israel's rural population of 683,115 is significantly below the attribute average of 18,044,041, ranking 141 out of 190 countries in the dataset.

The rural population (% of total population) in Israel is 7.413, much lower than the average of 41.158%. This places Israel at rank 184 out of 190 countries.

With an urban population of 8,531,985, Israel is below the attribute average of 22,425,747, ranking 68 out of 194 countries.

Israel's urban population (% of total population) is 92.587%, higher than the average of 59.691%, ranking 11 out of 194 countries.

The age dependency ratio in Israel is 66.79%, above the average of 59.22%, placing the country at rank 53 out of 194.

Israel's crude birth rate of 19.2 per 1,000 people is slightly below the average of 19.38, ranking 83 out of 192 countries.

With a crude death rate of 5.3 per 1,000 people, Israel is below the average of 8.21, ranking 175 out of 192 countries.

Israel's total fertility rate of 2.9 births per woman is higher than the average of 2.60, placing the country at rank 61 out of 190.

Summary

Israel has a lower rural population and a higher urban population compared to the global average, with a significant urban population percentage. The country also has a higher age dependency ratio, a slightly lower crude birth rate, a lower crude death rate, and a higher total fertility rate compared to global averages. These demographic indicators are crucial as they provide insights into Israel's population structure, urbanization trends, age distribution, and future population growth potential.

Military

Israel's military expenditure is $21.82 billion, which is higher than the average of $12.90 billion. This places Israel at rank 14 out of 149 countries with available data on military expenditure.

Israel's military expenditure as a percentage of GDP is 5.28%, significantly higher than the average of 1.90%. This ranks Israel 6th out of 148 countries in the dataset.

Israel's arms imports amount to $367 million, surpassing the average of $205.52 million. Israel is ranked 16th out of 113 countries in terms of arms imports.

Israel's arms exports are $381 million, lower than the average of $705.71 million. Israel ranks 12th out of 34 countries in arms exports.

Israel's total armed forces personnel stand at 178,000, slightly higher than the average of 165,908 personnel. Israel holds the 36th rank among 164 countries in total armed forces personnel.

Israel has 4.24% of its total labor force serving in the armed forces, which is significantly above the average of 1.28%. This places Israel at rank 9 out of 164 countries in terms of armed forces personnel as a percentage of the total labor force.

Summary

Israel ranks significantly higher than the global average in military expenditure, arms imports, and the percentage of GDP spent on the military, indicating a strong focus on defense and security. While Israel's arms exports are below average, its total armed forces personnel and the proportion of the labor force serving in the military exceed global norms, reflecting a sizable commitment to national defense.

These findings are crucial as they demonstrate Israel's prioritization of security and defense capabilities, which shapes its strategic posture in the region and influences regional dynamics. The country's above-average military indicators suggest a robust defense strategy amidst geopolitical challenges, contributing to its deterrence capabilities and regional influence.

Natural Resources

Israel has a forest area of 1400 sq. km, significantly below the average forest area of 211606.11 sq. km, ranking 156 out of 191 countries with available data.

The land area in Israel is 21640 sq. km, much lower than the average of 665166.51 sq. km, placing Israel at the 148th rank out of 194 countries.

With a surface area of 22070 sq. km, Israel falls below the average surface area of 689779.56 sq. km, also ranked 148 among 194 countries.

Israel's arable land covers 380000 hectares, below the average of 7329543.16 hectares, placing Israel at the 133rd rank out of 190 countries.

The land under cereal production in Israel is 64372 hectares, significantly below the average of 4206011.63 hectares, and Israel ranks 137 out of 174 countries in this aspect.

Israel receives an average precipitation depth of 435 mm per year, much lower than the average of 1157.83 mm per year, and is ranked 146 out of 178 countries.

Israel's renewable internal freshwater resources total 0.75 billion cubic meters, far below the average of 240.41 billion cubic meters, and Israel is ranked 158 out of 178 countries in this regard.

Summary

Israel ranks relatively low compared to global averages and other countries in key macroeconomic indicators such as forest area, land area, surface area, arable land, land under cereal production, precipitation depth, and renewable internal freshwater resources. These indicators are crucial as they provide insights into Israel's environmental sustainability, agricultural productivity, water resources management, and overall ecological health. Addressing these disparities and effectively managing these resources will be essential for Israel's long-term development and resilience in the face of environmental challenges.

Resource Rents

Summary

Israel's utilization of natural resources rents, forest rents, oil rents, and natural gas rents as a percentage of GDP all fall below their respective global averages, indicating untapped potential for economic growth through better exploitation of these resources. These findings are important as they suggest that Israel could further develop its natural resource sectors to drive economic expansion, create employment opportunities, and enhance its overall competitiveness on the global stage.

Commodities

Israel's cereal production stands at 246,807.47 metric tons, significantly lower than the attribute average of 17,249,945.93 metric tons, ranking 131 out of 174 countries.

Israel's aquaculture production of 15,280 metric tons falls below the attribute average of 679,642.92 metric tons, placing it at the 68th position out of 180 countries.

With a capture fisheries production of 2,016 metric tons, Israel is below the attribute average of 467,453.06 metric tons, ranking 159 out of 190 countries.

Israel's total fisheries production is 17,296 metric tons, also below the attribute average of 1,153,914.85 metric tons, ranking 132 out of 182 countries.

Israel's fertilizer consumption, at 239.15 kilograms per hectare of arable land, exceeds the attribute average of 159.04 kilograms per hectare, placing it at the 32nd position out of 187 countries.

Summary

Israel's agricultural production levels for cereal, aquaculture, capture fisheries, and total fisheries all fall below global averages, indicating potential areas for improvement in the agricultural sector. However, Israel's above-average fertilizer consumption per hectare of arable land suggests a proactive approach towards enhancing agricultural productivity and yields. This strategic focus on fertilizer application can be crucial for sustaining and increasing food production in a country with limited natural resources and arable land.

Intellectual Property

Israel's industrial design applications by nonresidents stand at 1016, below the average of 1415.83, ranking 24th out of 112 countries in the dataset.

For industrial design applications by residents, Israel's value of 746 is well below the average of 9799.58, placing it at 33rd out of 113 countries.

Israel's patent applications by nonresidents, at 6481, are slightly below the average of 6538.40, ranking 17th out of 129 countries.

In terms of patent applications by residents, Israel's value of 1642 is significantly lower than the average of 19037.56, placing it at 22nd out of 117 countries.

For trademark applications by nonresidents, Israel's value of 17101 exceeds the average of 15878.93, ranking 25th out of 130 countries.

However, for trademark applications by residents, Israel's value of 4697 is significantly lower than the average of 111055.78, placing it at 64th out of 129 countries.

Israel's scientific and technical journal articles output of 13955.4 is slightly below the average of 15103.76, ranking 33rd out of 192 countries.

Israel's charges for the use of intellectual property payments of $1,611,700,000 is well below the average of $3,218,843,494.39, placing it at 29th out of 143 countries.

Conversely, Israel's charges for the use of intellectual property receipts of $1,657,700,000 is also notably lower than the average of $3,191,687,117.58, ranking 20th out of 122 countries.

Summary

Israel's performance in key macroeconomic indicators related to industrial design applications, patent applications, trademark applications, scientific output, and intellectual property payments and receipts positions it in the lower to mid-range among global peers. While the country shows strengths in trademark applications by nonresidents and charges for the use of intellectual property receipts, it lags behind in patent applications by residents and charges for the use of intellectual property payments. These indicators are crucial as they reflect Israel's innovation ecosystem, competitiveness, and ability to generate and protect intellectual property, which are vital for long-term economic growth and competitiveness in the global market.

Broad Economy Attributes

Israel's GDP (current US$) is $413.27 billion, ranking 28th out of 189 countries. It is below the average GDP of $442.87 billion.

Israel's GDP, PPP (current international $) is $379.70 billion, ranking 48th out of 181 countries. It is below the average GDP, PPP of $734.14 billion.

Israel's GDP per capita (current US$) is $44,846.79, ranking 21st out of 190 countries. It is above the average GDP per capita of $15,462.11.

Israel's GDP per capita, PPP (current international $) is $41,204.48, ranking 34th out of 181 countries. It is above the average GDP per capita, PPP of $21,251.89.

Israel's GNI (current US$) is $407.90 billion, ranking 27th out of 185 countries. It is below the average GNI of $452.04 billion.

Israel's GNI, PPP (current international $) is $374.77 billion, ranking 49th out of 181 countries. It is below the average GNI, PPP of $730.70 billion.

Israel's GNI per capita, PPP (current international $) is $40,670, ranking 33rd out of 181 countries. It is above the average GNI per capita, PPP of $20,615.75.

Summary

Israel's GDP, GNI, and GDP per capita figures are generally below the global average, indicating a smaller economy compared to the world average. However, Israel's GDP per capita figures are notably higher than the global average, reflecting a relatively higher standard of living for its population.

These statistics are crucial as they provide insights into Israel's economic performance and the well-being of its citizens. Lower GDP and GNI figures may suggest areas for potential economic growth and development, while higher GDP per capita numbers indicate a higher quality of life for individuals in the country.

Broad Value Added

Israel's Gross value added at basic prices (GVA) is $377.20 billion, which is above the average of $360.07 billion, ranking 26th out of 176 countries.

Israel's Agriculture, forestry, and fishing value added as a percentage of GDP is 1.32%, below the average of 10.86%, ranking 162nd out of 182 countries.

Israel's Agriculture, forestry, and fishing value added is $5.44 billion, significantly below the average of $19.92 billion, ranking 64th out of 182 countries.

Services value added as a percentage of GDP in Israel is 71.82%, above the average of 56.72%, ranking 16th out of 183 countries.

Israel's Services value added is $296.79 billion, slightly above the average of $295.84 billion, ranking 24th out of 183 countries.

Israel's Industry (including construction) value added is $74.97 billion, below the average of $118.42 billion, ranking 42nd out of 183 countries.

Summary

Israel's economy thrives on its services sector, with services value added as a percentage of GDP and in absolute terms ranking high globally. However, the country lags behind in the agriculture, forestry, and fishing sector, both in terms of percentage contribution to GDP and absolute value added. This indicates a significant reliance on services for economic growth, highlighting potential vulnerabilities in food security and agricultural sustainability.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Israel's value of $46,152,388,135.2493 is below the average of $76,207,179,589.66348. Israel is ranked 37 out of 173 countries.

2. Manufacturing, value added (% of GDP): Israel's value of 11.17% is below the average of 11.90%. Israel is ranked 87 out of 173 countries.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Israel's value of 46.90% is above the average of 24.49%. Israel is ranked 16 out of 149 countries.

4. Food, beverages and tobacco (% of value added in manufacturing): Israel's value of 12.92% is below the average of 24.51%. Israel is ranked 70 out of 92 countries.

5. Machinery and transport equipment (% of value added in manufacturing): Israel's value of 45.59% is above the average of 16.85%. Israel is ranked 3 out of 93 countries.

6. Textiles and clothing (% of value added in manufacturing): Israel's value of 1.79% is below the average of 6.33%. Israel is ranked 67 out of 93 countries.

7. Other manufacturing (% of value added in manufacturing): Israel's value of 39.69% is below the average of 42.13%. Israel is ranked 50 out of 94 countries.

Summary

Israel's manufacturing sector has strengths in medium and high-tech manufacturing, and machinery and transport equipment, as reflected by its above-average performance in these areas compared to global averages. However, the country lags behind in food, beverages, and tobacco manufacturing, and textiles and clothing manufacturing. These indicators are crucial as they show Israel's specialization and competitiveness in certain industries, highlighting areas for potential growth and improvement to enhance overall economic performance.

Money

Israel's consumer price inflation is -0.61%, which is below the average of 8.26%. With a rank of 147 out of 165 countries, Israel performs relatively better in this area.

The GDP deflator inflation in Israel is 1.04%, lower than the average of 6.90%. Israel ranks 121 out of 188 countries in this aspect.

Israel's broad money growth is 22.02%, exceeding the average of 18.03%. With a rank of 22 out of 139 countries, Israel demonstrates robust growth in this area.

Broad money as a percentage of GDP in Israel is 104.55%, above the average of 71.75%. Israel ranks 27 out of 139 countries in this metric.

The broad money to total reserves ratio in Israel is 2.49, below the average of 5.17. Israel ranks 75 out of 126 countries in this ratio.

Summary

Israel is performing relatively well in terms of consumer price inflation, with a rate of -0.61% which is below the global average. The country also exhibits robust growth in broad money, surpassing the average broad money growth rate and ranking 22nd globally. However, Israel's broad money to total reserves ratio is below average, indicating room for improvement in managing its foreign reserves efficiently.

These findings are important as they provide insights into Israel's economic stability and growth prospects. Low consumer price inflation can signal stable prices for consumers, while high broad money growth may indicate increased economic activity. However, a low broad money to total reserves ratio could pose challenges in managing external economic risks and maintaining financial stability.

Consumption Expenditure

Final consumption expenditure in Israel amounts to $295.48 billion, which is below the average of $381.63 billion, ranking 29th out of 159 countries.

Final consumption expenditure as a percentage of GDP in Israel is 71.50%, lower than the average of 82.37%, placing Israel at 122nd out of 159 countries.

Israel's general government final consumption expenditure totals $96.01 billion, exceeding the average of $93.68 billion, with a rank of 24 out of 158 countries.

General government final consumption expenditure as a percentage of GDP in Israel stands at 23.23%, higher than the average of 18.71%, ranking 29th out of 158 countries.

Household and NPISHs final consumption expenditure in Israel is $199.47 billion, falling below the average of $290.13 billion, placing Israel at 33rd out of 158 countries.

Households and NPISHs final consumption expenditure as a percentage of GDP in Israel is 48.27%, lower than the average of 63.68%, with a rank of 133 out of 158 countries.

Summary

Israel's final consumption expenditure and government final consumption expenditure both exceed global averages, indicating robust economic activity and government spending. However, household and NPISHs final consumption expenditure lags behind the average, suggesting potential areas for growth and increased domestic demand stimulation. These indicators are crucial as they reflect the overall economic health, government intervention levels, and household spending patterns, providing insights into Israel's economic development and policy effectiveness.

Equities

Israel has a total of 426 listed domestic companies, which is below the average of 636.625. This places Israel at rank 19 out of 72 countries in terms of listed domestic companies.

The total value of stocks traded in Israel is $104.64 billion, significantly below the average of $1.38 trillion. This ranks Israel 20th out of 71 countries in total stock value traded relative to GDP.

Israel's market capitalization of listed domestic companies is $262.06 billion, much lower than the average of $1.20 trillion. This places Israel at rank 24 out of 73 countries in terms of market capitalization of listed domestic companies.

Israel's market capitalization of listed domestic companies as a percentage of GDP is 63.41%, which is below the average of 71.24%. Israel ranks 25th out of 73 countries in this metric.

The S&P Global Equity Indices in Israel have an annual percentage change of 17.38%, well above the average of 2.06%. This ranks Israel 14th out of 79 countries in terms of equity index performance.

Summary

Israel's performance in key macroeconomic indicators such as the number of listed domestic companies, total stock value traded, market capitalization of listed domestic companies, market capitalization of listed domestic companies as a percentage of GDP, and equity index performance places it below the global averages and in the lower ranks among other countries. These indicators reflect a relatively smaller and less developed financial market in Israel compared to other nations. This could impact Israel's attractiveness to foreign investors, its ability to raise capital for domestic businesses, and its overall economic competitiveness on the global stage.

Investment

Foreign direct investment, net (BoP, current US$): Israel's value of -16389800000 is significantly below the average of -1615235980.50. Israel ranks 161 out of 169 countries in this attribute.

Foreign direct investment, net inflows (BoP, current US$): Israel's value of 20968700000 is well above the average of 5749271080.15. Israel ranks 14 out of 182 countries in this attribute.

Foreign direct investment, net inflows (% of GDP): Israel's value of 5.07% is higher than the average of 2.61%. Israel ranks 38 out of 178 countries in this attribute.

Foreign direct investment, net outflows (BoP, current US$): Israel's value of 4578900000 is below the average of 5707991116.07. Israel ranks 27 out of 156 countries in this attribute.

Foreign direct investment, net outflows (% of GDP): Israel's value of 1.11% is above the average of 1.00%. Israel ranks 27 out of 155 countries in this attribute.

Portfolio Investment, net (BoP, current US$): Israel's value of -3728200000 is well below the average of 679559169.57. Israel ranks 142 out of 159 countries in this attribute.

Portfolio equity, net inflows (BoP, current US$): Israel's value of -5648100000 is significantly below the average of 9197145994.70. Israel ranks 117 out of 125 countries in this attribute.

Summary

Israel's performance in foreign direct investment (FDI) indicates a mixed picture with strong net inflows but weaker net outflows compared to global averages. In terms of portfolio investment, Israel lags behind in both net and equity inflows. These statistics are crucial as they reflect Israel's attractiveness to foreign investors, its investment strategies abroad, and the overall health of its financial markets.

Broad Trade Attributes

Israel's Trade (% of GDP) is 50.96%, below the average of 82.34%. It ranks 115th out of 163 countries.

Israel's Merchandise trade (% of GDP) stands at 28.89%, below the average of 60.01%. It ranks 163rd out of 186 countries.

Israel's Trade in services (% of GDP) is 19.59%, below the average of 24.63%. It ranks 63rd out of 171 countries.

Israel's External balance on goods and services (current US$) is $16,814,341,332.41, significantly above the average of $3,405,509,011.13. It ranks 22nd out of 163 countries.

Israel's External balance on goods and services (% of GDP) is 4.07%, above the average of -5.97%. It ranks 31st out of 163 countries.

Summary

Israel performs below the global averages in trade, merchandise trade, and trade in services as a percentage of GDP, indicating potential limitations in its international economic engagement compared to other countries. However, Israel boasts a significantly positive external balance on goods and services in US dollars, surpassing the global average by a large margin, showcasing its strong position in international trade. This metric reflects Israel's ability to generate more revenue from exports than it spends on imports, contributing positively to its overall economic stability and growth prospects.

Net Trade

Israel's current account balance is $19.81 billion, significantly above the average of $1.44 billion, ranking 16th out of 170 countries.

The current account balance as a percentage of GDP for Israel is 4.79%, higher than the average of -2.36%, ranking 24th out of 170 countries.

Israel's net trade in goods and services is $16.8 billion, well above the average of $2.6 billion, ranking 21st out of 171 countries.

Net primary income for Israel is -$4.01 billion, below the average of -$903.81 million, ranking 140th out of 170 countries.

Israel's net secondary income is $7.01 billion, much higher than the average of -$269.23 million, ranking 16th out of 170 countries.

For net trade in goods, Israel has a deficit of -$11.43 billion, below the average of $1.30 billion, ranking 155th out of 171 countries.

Israel's net capital account stands at $372.4 million, above the average of $136.54 million, ranking 28th out of 159 countries.

The net financial account for Israel is $24.49 billion, significantly higher than the average of -$469.84 million, ranking 13th out of 170 countries.

Summary

Israel's current account balance, net trade in goods and services, net secondary income, net capital account, and net financial account all surpass global averages, positioning the country among the top performers internationally. These indicators reflect Israel's strong economic competitiveness, robust trade activities, and favorable financial flows, indicating a stable and resilient economy capable of attracting investments and sustaining growth.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Israel's value is $125.2 billion, below the average of $146.2 billion. Israel is ranked 35th out of 170 countries in this attribute data.

2. Exports of goods and services (BoP, current US$): Israel's value is $113.7 billion, below the average of $122.9 billion. Israel is ranked 35th out of 170 countries in this attribute data.

3. Exports of goods and services (current US$): Israel's value is $113.7 billion, below the average of $129.6 billion. Israel is ranked 36th out of 163 countries in this attribute data.

4. Exports of goods and services (% of GDP): Israel's value is 27.5%, below the average of 38.2%. Israel is ranked 96th out of 163 countries in this attribute data.

5. Goods exports (BoP, current US$): Israel's value is $59 billion, below the average of $93.3 billion. Israel is ranked 40th out of 171 countries in this attribute data.

6. International tourism, receipts (% of total exports): Israel's value is 2.3%, below the average of 9.7%. Israel is ranked 81st out of 120 countries in this attribute data.

7. ICT goods exports (% of total goods exports): Israel's value is 14.3%, above the average of 3.8%. Israel is ranked 12th out of 142 countries in this attribute data.

Summary

Israel's export performance shows that it is slightly below average in terms of total exports, goods exports, and exports as a percentage of GDP compared to other countries. However, Israel excels in exporting ICT goods with a percentage well above the global average, ranking 12th out of 142 countries. This indicates Israel's strength and focus on technology-driven exports, which can be crucial for its economic diversification and competitiveness in the global market.

Merchandise Exports

Israel's merchandise exports amount to $50,152,000,000, ranking 45th out of 187 countries in the dataset. This value is below the average merchandise exports of $89,542,711,229.95.

The percentage of agricultural raw materials exports in Israel is 0.69%, ranking 101st out of 151 countries. This value is significantly below the average of 2.97%.

Israel's food exports represent 3.73% of its merchandise exports, ranking 132nd out of 152 countries. This percentage is notably lower than the average of 24.06%.

Ores and metals exports account for 1.33% of Israel's merchandise exports, ranking 112th out of 152 countries. This value is below the average of 9.10%.

Israel's residual merchandise exports are 9.33% of the total, ranking 12th out of 166 countries. This value exceeds the average of 3.20%.

Summary

Israel's merchandise exports are below the global average, with a particular weakness in agricultural raw materials and food exports. However, the country excels in residual merchandise exports, surpassing the global average significantly. These indicators are crucial as they highlight Israel's strengths and weaknesses in diversifying its export base, which can impact its economic stability and growth potential in the global market.

Technology Exports

Israel has a high percentage of Manufactures exports compared to the global average, ranking 4th out of 152 countries in the dataset.

Israel's High-technology exports in current US dollars are below the average, standing at rank 27 out of 151 countries.

Israel's High-technology exports as a percentage of manufactured exports are significantly above the average, ranking 10th out of 150 countries.

Israel's Medium and high-tech exports as a percentage of manufactured exports are also above average, ranking 20th out of 149 countries.

Summary

In summary, Israel excels in exporting manufactured goods, high-technology products, and medium to high-tech exports compared to global averages. The country ranks impressively in these categories, showcasing its strength in technological innovation and industrial output. These indicators are crucial as they demonstrate Israel's competitive edge in the global market, its ability to drive economic growth through advanced industries, and its resilience in navigating the complex landscape of international trade.

Service Exports

Israel's service exports amount to $54,589,700,000, exceeding the average of $28,917,292,503. Israel ranks 22nd out of 171 countries in this category.

Israel's ICT service exports total $32,982,800,000, significantly surpassing the average of $4,578,501,153. Israel holds the 7th position out of 166 countries.

With ICT service exports accounting for 60.42% of its total service exports, Israel leads this category, far above the average of 11.75%. Israel is ranked 1st out of 166 countries.

Communications, computer, etc. services contribute 87.32% to Israel's service exports, showing a significant lead over the average of 45.85%. Israel ranks 6th out of 169 countries.

Israel's transport services comprise 8.09% of its service exports, below the average of 21.80%. This places Israel at the 126th position out of 169 countries.

Travel services make up 4.52% of Israel's service exports, falling short of the average of 26.40%. Israel ranks 147th out of 167 countries in this aspect.

Insurance and financial services contribute 0.07% to Israel's service exports, notably lower than the average of 6.46%. Israel is positioned at 158th out of 161 countries in this category.

Summary

Israel excels in service exports, particularly in ICT services where it ranks 1st globally with a significant share of 60.42%. Moreover, Israel dominates in communications and computer services, ranking 6th worldwide. However, there is room for growth in transport, travel, and financial services where Israel lags behind global averages, indicating potential areas for diversification and development to further boost the country's service export sector.

Commercial Service Exports

Israel's commercial service exports amount to $54,558,200,000, ranking 22nd out of 171 countries. This value exceeds the average commercial service exports of $28,508,218,402.79.

Travel services contribute 4.52% to Israel's commercial service exports, placing it at 150th out of 167 countries. This percentage is significantly below the average of 27.89%.

Israel's computer, communications, and other services account for 87.31% of its commercial service exports, ranking 4th out of 169 countries. This far surpasses the average of 42.44%.

Insurance and financial services make up only 0.07% of Israel's commercial service exports, putting it at 158th out of 161 countries. This is notably lower than the average of 6.97%.

Transport services constitute 8.09% of Israel's commercial service exports, ranking 131st out of 169 countries. This percentage falls below the average of 23.37%.

Summary

Israel has a strong emphasis on computer, communications, and other services, which comprise a significant portion of its commercial service exports, ranking 4th globally in this category. However, the country lags behind in travel services and insurance/financial services exports compared to the global average, indicating potential areas for growth and diversification in its export portfolio.

These findings are important as they highlight Israel's specialization in high-tech and service-oriented industries, showcasing its competitive advantage in these sectors. Identifying the underperformance in travel, insurance, and financial services can guide policymakers and businesses towards strategies to enhance diversification and competitiveness in these areas, ultimately fostering balanced and sustainable economic growth.

Broad Import Attributes

Israel's imports of goods and services (current US$) amount to $96,895,086,559.12, which is below the average of $126,191,355,599.06, ranking 39 out of 163 countries.

The imports of goods and services (% of GDP) for Israel is 23.45%, lower than the average of 44.15%. Israel ranks 133 out of 163 countries in this aspect.

Israel's international tourism expenditures (% of total imports) stand at 2.24%, below the average of 3.98%. Israel ranks 87 out of 131 countries in this category.

Israel's ICT goods imports (% of total goods imports) account for 10.50%, higher than the average of 6.85%. Israel ranks 22 out of 143 countries for this metric.

Israel's goods imports (BoP, current US$) amount to $70,522,700,000, below the average of $92,007,788,027.17. Israel ranks 38 out of 171 countries in this regard.

For imports of goods and services (BoP, current US$), Israel's value is $96,885,800,000, lower than the average of $120,321,577,988.12. Israel ranks 38 out of 170 countries for this attribute.

Israel's imports of goods, services, and primary income (BoP, current US$) amount to $112,406,000,000, below the average of $144,514,428,722.28. Israel ranks 37 out of 170 countries for this specific indicator.

Summary

Israel's import statistics consistently show values below the global averages across various categories such as total imports, imports as a percentage of GDP, and international tourism expenditures. While the country excels in importing ICT goods compared to the global average, its overall imports of goods and services are notably lower. These statistics are crucial as they reflect Israel's level of integration in the global economy and its trade relationships with other countries.

Merchandise Imports

Israel's merchandise imports amount to $69.26 billion, which is below the average of $89.39 billion, ranking 40th out of 190 countries.

The percentage of manufactures imports in Israel is 77.78%, above the average of 66.76%, ranking 19th out of 152 countries.

Israel's reliance on agricultural raw materials imports is 0.97%, lower than the average of 1.27%, placing it 93rd out of 152 countries.

Food imports in Israel constitute 10.05% of merchandise imports, below the average of 15.89%, ranking 122nd out of 152 countries.

Israel's fuel imports represent 8.07% of merchandise imports, lower than the average of 11.38%, ranking 101st out of 152 countries.

The country's ores and metals imports account for 1.44% of total imports, below the average of 2.57%, ranking 85th out of 152 countries.

Israel's residual merchandise imports make up 7.79% of total merchandise imports, well above the average of 2.51%, ranking 14th out of 180 countries.

Summary

Israel has a balanced trade profile with lower overall merchandise imports compared to the global average, ranking 40th in total imports. However, the country shows a higher reliance on manufactured goods and a lower dependence on agricultural raw materials, food, fuel, ores, and metals imports than the global average. This indicates Israel's diversified import structure and higher value-added imports, which could contribute to its economic resilience and competitiveness in the global market.

Service Imports

Service imports (BoP, current US$): Israel's service imports amount to $26,363,100,000. This places Israel at rank 32 out of 171 countries in the dataset. The country's service imports are below the average of $27,615,356,170.47.

Communications, computer, etc. (% of service imports, BoP): Israel allocates 67.61% of its service imports to communications, computer, etc. This ranks Israel 16th out of 169 countries. The country's allocation is above the average of 44.40%.

Transport services (% of service imports, BoP): Israel dedicates 22.93% of its service imports to transport services. This places Israel at rank 114 out of 169 countries. The allocation is below the average of 32.90%.

Travel services (% of service imports, BoP): Israel spends 6.84% of its service imports on travel services. Israel ranks 124th out of 169 countries for this expenditure. The allocation is below the average of 14.14%.

Insurance and financial services (% of service imports, BoP): Israel's allocation of 2.62% of service imports to insurance and financial services places it at rank 148 out of 169 countries. This allocation is also below the average of 8.53%.

Summary

Israel's key macroeconomic indicators for service imports reveal that the country has below-average total service imports compared to other nations in the dataset. However, Israel allocates a higher percentage to communications, computer, etc., which is above the average. On the other hand, the country allocates below-average percentages to transport services, travel services, insurance, and financial services. These indicators are crucial as they reflect Israel's prioritization of certain service sectors over others, which can impact its economic competitiveness and trade dynamics with other countries.

Commercial Service Imports

Commercial service imports (current US$): Israel's commercial service imports amount to $26,072,700,000. This is below the average of $27,102,746,128.60. Israel ranks 32 out of 171 countries in this attribute.

Computer, communications and other services (% of commercial service imports): Israel's percentage of 67.25% is above the average of 41.71%. Israel ranks 16 out of 169 countries in this attribute.

Insurance and financial services (% of commercial service imports): Israel's percentage of 2.65% falls below the average of 8.85%. Israel ranks 151 out of 169 countries in this attribute.

Transport services (% of commercial service imports): Israel's percentage of 23.18% is below the average of 34.71%. Israel ranks 115 out of 169 countries in this attribute.

Travel services (% of commercial service imports): Israel's percentage of 6.92% is below the average of 14.73%. Israel ranks 125 out of 169 countries in this attribute.

Summary

Israel's commercial service imports are slightly below the global average, with a focus on computer, communications, and other services. However, the country allocates a lower percentage towards insurance and financial services, as well as transport and travel services, compared to the global average. These findings are important as they indicate Israel's economic priorities and areas for potential growth and development in its service sector.

Infrastructure

Israel's railways carried 1252.9 million passenger-km, below the attribute average of 32281.92 million passenger-km, ranking 33 out of 64 countries in the dataset.

For goods transported by railways, Israel moved 1250.1 million ton-km, well below the average of 119231.19 million ton-km, ranking 46 out of 62 countries.

Israel's air transport of freight measured 816.63 million ton-km, lower than the average of 1384.37 million ton-km, ranking 27 out of 126 countries.

With 12221 registered carrier departures worldwide, Israel falls below the average of 134365.61 departures, ranking 74 out of 149 countries.

Regarding passengers carried by air transport, Israel had 1249361 passengers, below the average of 11848242.70 passengers, ranking 65 out of 149 countries.

In container port traffic, Israel managed 2994000 TEUs, under the average of 6907110.27 TEUs, ranking 38 out of 110 countries.

Israel's rail lines spanned 1619 total route-km, significantly under the average of 12204.74 total route-km, ranking 49 out of 66 countries.

Summary

Israel's transportation infrastructure lags behind global averages in various key indicators such as passenger-km by railways, ton-km by railways and air transport, carrier departures, passengers carried by air transport, container port traffic, and total route-km of rail lines. These indicators are crucial as they reflect the efficiency and competitiveness of Israel's transportation network, impacting international trade, connectivity, and economic growth.

Information Technology Infrastructure

Israel has 113,823 secure internet servers, ranking 43rd out of 193 countries. This is below the attribute average of 458,294.19.

With 12,351.79 secure internet servers per 1 million people, Israel ranks 47th out of 193 countries. The attribute average is 14,067.17, making Israel below average in this aspect.

90.13% of Israel's population uses the internet, placing it 32nd out of 180 countries. Israel exceeds the attribute average of 64.77% in this regard.

Israel has 2,602,079 fixed broadband subscriptions, ranking 48th out of 185 countries. This falls below the attribute average of 6,591,956.35.

With 12,270,000 mobile cellular subscriptions, Israel ranks 75th out of 193 countries. The attribute average is 42,526,463.87, indicating that Israel is below average in this metric.

Summary

Israel's digital infrastructure, as indicated by the number of secure internet servers and broadband subscriptions, falls below the global average. However, the high percentage of population using the internet suggests a strong potential for growth and advancement in the digital sphere. Improving access to mobile cellular subscriptions can further propel Israel towards greater connectivity and digital inclusion, essential for economic development and competitiveness in the modern era.

Energy Consumption

Israel's renewable energy consumption accounts for 5.61% of its total final energy consumption, which is significantly lower than the attribute average of 32.18%. This places Israel at a rank of 159 out of 191 countries in terms of renewable energy usage.

Regarding CO2 emissions, Israel emits 58,471.8 kt of CO2, a figure notably lower than the attribute average of 171,895.94 kt. This positions Israel at the 50th rank out of 188 countries in CO2 emissions.

Summary

Israel's low renewable energy consumption and relatively low CO2 emissions compared to global averages signify a need for the country to further invest in renewable energy sources and continue efforts to reduce carbon emissions. These indicators are crucial for assessing Israel's environmental impact, energy sustainability, and overall contribution to global efforts in combating climate change and promoting green energy practices.

Government Balance Sheet

Israel's net acquisition of financial assets as a percentage of GDP is 2.15%, which is below the average of 2.45%. This places Israel at rank 35 out of 87 countries.

The country's net incurrence of liabilities as a percentage of GDP stands at 12.68%, exceeding the average of 7.43%. This positions Israel at rank 12 out of 92 countries.

Israel's reserves and related items in current US dollars amount to $37,943,140,174.83, significantly higher than the average of $1,924,407,186.58. This places Israel at rank 4 out of 171 countries.

The total reserves minus gold in current US dollars for Israel are $173,292,120,893.25, much higher than the average of $74,221,588,171.61. Israel ranks 12 out of 161 countries for this attribute.

Israel's total reserves, including gold, in current US dollars also stand at $173,292,120,893.25, surpassing the average of $85,708,019,773.47. Israel ranks 17 out of 161 countries for this metric.

Israel's total reserves in months of imports is 18.50, significantly greater than the average of 7.10. This places Israel at rank 7 out of 151 countries.

Summary

Israel performs above average in several key macroeconomic indicators related to financial assets, liabilities, reserves, and months of imports. It ranks among the top countries in the world in terms of reserves and related items, total reserves minus gold, and total reserves including gold. These indicators are crucial as they demonstrate Israel's strong financial position, robust liquidity, and ability to weather economic shocks or crises effectively.

Government Revenue

1. Revenue, excluding grants (% of GDP): Israel's value of 30.27% is above the average of 27.02%. This places Israel at rank 40 out of 122 countries.

2. Grants and other revenue (% of revenue): Israel's value of 12.53% is below the average of 23.54%. This places Israel at rank 74 out of 108 countries.

3. Social contributions (% of revenue): Israel's value of 17.98% is below the average of 22.29%. This places Israel at rank 50 out of 81 countries.

4. Taxes on goods and services (% of revenue): Israel's value of 33.16% is above the average of 31.82%. This places Israel at rank 57 out of 122 countries.

5. Taxes on international trade (% of revenue): Israel's value of 0.64% is below the average of 6.24%. This places Israel at rank 87 out of 101 countries.

6. Other taxes (% of revenue): Israel's value of 3.70% is above the average of 2.12%. This places Israel at rank 19 out of 106 countries.

7. Taxes on income, profits and capital gains (% of revenue): Israel's value of 31.99% is above the average of 24.66%. This places Israel at rank 31 out of 119 countries.

Summary

Israel's macroeconomic indicators reveal that the country relies significantly on revenue, with taxes on goods and services being a major contributor. However, Israel's reliance on taxes on international trade is notably low compared to other countries. These findings are important as they indicate Israel's revenue sources and tax structure, which can impact its economic stability and development strategies.

Taxes

1. Tax revenue (% of GDP): In Israel, the tax revenue as a percentage of GDP is 21.91%, which is above the average of 16.72%. This places Israel at rank 28 out of 123 countries in the dataset.

2. Customs and other import duties (% of tax revenue): Israel's percentage of customs and other import duties relative to tax revenue is 0.92%, significantly below the average of 9.01%. Israel ranks 87 out of 99 countries in this aspect.

3. Taxes on income, profits and capital gains (% of total taxes): Israel's tax contribution from income, profits, and capital gains stands at 46.04%, higher than the average of 38.40%. Israel is ranked 35 out of 120 countries in this category.

Summary

In summary, Israel maintains a relatively high tax revenue as a percentage of GDP, ranking 28th out of 123 countries. However, its reliance on customs and import duties is notably low, placing Israel at 87th out of 99 countries. Moreover, Israel's tax contribution from income, profits, and capital gains surpasses the average, positioning the country at 35th out of 120 nations in this category. These indicators are crucial as they reflect Israel's fiscal policies, economic structure, and ability to generate revenue for public services and government operations.

Government Expenses

Expense (% of GDP): Israel's expense as a percentage of GDP is 41.64%, which is above the average of 31.69%. Israel ranks 27th out of 123 countries in this attribute.

Compensation of employees (% of expense): Israel's percentage of compensation of employees is 20.14%, below the average of 24.70%. Israel ranks 69th out of 123 countries.

Goods and services expense (% of expense): Israel's expenditure on goods and services is 13.08% of expenses, below the average of 14.77%. Israel ranks 57th out of 122 countries.

Interest payments (% of expense): Israel's interest payments account for 4.67% of expenses, below the average of 6.85%. Israel ranks 64th out of 121 countries.

Other expense (% of expense): Israel's other expenses make up 12.38% of total expenses, above the average of 8.29%. Israel ranks 26th out of 120 countries.

Subsidies and other transfers (% of expense): Israel's subsidies and transfers constitute 49.72% of expenses, above the average of 43.29%. Israel ranks 44th out of 121 countries.

Summary

Israel's expense as a percentage of GDP is above the average, with a significant portion allocated to subsidies and transfers. However, the country spends less on compensation of employees and goods/services compared to the global average. The lower interest payments relative to expenses indicate a favorable debt management strategy.

These indicators are crucial as they reflect Israel's fiscal policies, priorities in expenditure allocation, and efficiency in managing debt obligations. Understanding these figures helps assess the country's economic stability, government budgeting practices, and overall financial health in comparison to global norms.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Urban population (% of total population)	11/194
Military expenditure (current USD)	14/149
Military expenditure (% of GDP)	6/148
Armed forces personnel (% of total labor force)	9/164
Services, value added (% of GDP)	16/183
Machinery and transport equipment (% of value added in manufacturing)	3/93
Foreign direct investment, net inflows (BoP, current US$)	14/182
Current account balance (BoP, current US$)	16/170
Net secondary income (BoP, current US$)	16/170
Net financial account (BoP, current US$)	13/170
ICT goods exports (% of total goods exports)	12/142
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	12/166
Manufactures exports (% of merchandise exports)	4/152
High-technology exports (% of manufactured exports)	10/150
ICT service exports (BoP, current US$)	7/166
ICT service exports (% of service exports, BoP)	1/166
Communications, computer, etc. (% of service exports, BoP)	6/169
Computer, communications and other services (% of commercial service exports)	4/169
Merchandise imports by the reporting economy, residual (% of total merchandise imports)	14/180
Communications, computer, etc. (% of service imports, BoP)	16/169
Computer, communications and other services (% of commercial service imports)	16/169
Reserves and related items (BoP, current US$)	4/171
Total reserves minus gold (current US$)	12/161
Total reserves in months of imports	7/151

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population (% of total population)	184/190
Death rate, crude (per 1,000 people)	175/192
Forest rents (% of GDP)	171/174
Foreign direct investment, net (BoP, current US$)	161/169
Portfolio equity, net inflows (BoP, current US$)	117/125
Net trade in goods (BoP, current US$)	155/171
Insurance and financial services (% of service exports, BoP)	158/161
Insurance and financial services (% of commercial service exports)	158/161