HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
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Nation by Nation

Israel

Economy

$540.4 billion
GDP
World Bank · 2024
$54,177
GDP / Capita
World Bank · 2024
+0.9%
GDP Growth
World Bank · 2024
3.6%
Unemployment
World Bank · 2024

Israel has an advanced, high-income economy renowned as a global technology and innovation hub — the 'Start-Up Nation' — with a highly educated workforce and world-leading research and development.

Despite limited natural resources, apart from recently developed offshore gas, and the costs of chronic regional conflict, Israel has built a prosperous, knowledge-based economy.

Key Sectors

Key sectors include high technology (cybersecurity, software, semiconductors), defense and aerospace, pharmaceuticals, diamond cutting, agriculture and water technology, and finance.

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