Israel Economic Snapshot
Economic Forecast Summary (December 2021)
Economic activity rebounded strongly in 2021 and GDP is projected to grow robustly by 6.3% in 2021, 4.9% in 2022 and 4% in 2023. The progressing booster vaccination campaign, a gradually recovering labour market and fading uncertainty will support domestic demand. Strong growth of high-tech services exports will continue. The recovery could be slower if the health situation deteriorates again, or the increase in inflation is stronger or more persistent than assumed in the projections. Growth could be stronger if accumulated savings are withdrawn more quickly.
More related articles...
Services trade liberalised in 2021, showing significant decrease in volume and effects of new measures, OECD says
OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2022 shows that liberalisation outpaced new restrictions during the past year, as the erection of new barriers to
Ashdod Port completed a significant phase in the 500 million shekel project to upgrade Platform 21
Ashdod Port is presently completing one of its more complex operational projects after extensive renovations on the western side of Platform 21.
How trade works today
When we think about international trade, we traditionally think about a person or company producing all elements of a product in their home country and
The Israeli Economy An Overview
This is Israel Territory22,072 km² (ranked 154th) Official LanguageHebrew (Arabic as a recognized language with a special status) CurrencyIsraeli Shekel (1USD- 3.47 ILS*) CapitalJerusalem Geography Located
The global recovery is strong but imbalanced
Output in most OECD countries has now surpassed its late-2019 level and is converging on its pre-pandemic path but lower-income economies, particularly those where vaccination
Israel Economic Snapshot
Economic Forecast Summary (December 2021) Economic activity rebounded strongly in 2021 and GDP is projected to grow robustly by 6.3% in 2021, 4.9% in 2022 and 4% in 2023.
