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Israel's Economy

Home » Get Educated » Issues In-Depth » Israel's Economy

Background

Beginning with the early Zionists, Israelis have always valued innovation. Today Israel boasts one of the most highly educated and creative workforces, making the country an industry pioneer and an ideal place for global investment. Characterized by an ability to identify opportunity and unique solutions, Israelis consistently develop groundbreaking technology, scientific achievement, and profitable business ventures that benefit people around the world. In 2010, Israel was officially admitted to the Organization for Economic Cooperation and Development (OECD) – an exclusive forum of 34 democratic countries committed to collaboration on global trade issues.

Key points

With the most Nobel Laureates per capita, Israel has the world’s highest rate of research and development investment of GDP (4.5 percent) and is a global leader in annual patents. The business climate in Israel has been rated the 4th most positive toward globalization.

  • Israel is a leader in business innovation. Israel has more companies listed on NASDAQ than any country outside of North America. As of 2011, there were 60 Israeli companies listed.
  • Technology from Israel is used everywhere. This includes Intel Pentium processors, USB data storage, medical and biotech devices, generic drugs, and advanced voicemail systems.
  • Israel is a pioneer in alternative energy and environmental sustainability. The country is a leader in geothermal, solar power, and most recently, electric-powered cars with Project Better Place, which is developing and launching some of the world’s first city-wide electric car systems.
  • Top companies invest in Israel. Google, Microsoft, Cisco, Motorola, Intel, HP, GE, Phillips, and IBM to name a few.
  • Israelis value education. Israel enjoys the highest percentage in the world of engineers in the workforce and one of the highest ratios of university degrees and academic publications per capita.

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ISSUE BRIEF: Israel's Economy (PDF), 8/1/2011