The israeli economy
Compared to other countries in the region, Israel has one of the most technologically advanced market places. The Israeli economy has had a five percent growth since 2004, because of its large increase in exports. During 2008-2009 a major recession nearly destroyed the countries economy, however this was avoided by quick and smart decisions by the government. Since then, the economy has grown back extremely well for a country with an economy of such size. There are some issues that have been a problem for Israel and have been the topic for many protests. Israel has the largest rate of income inequality and poverty of all the countries involved in the OECD.
Major exports
- Cut diamonds
- High-technology equipment
- Pharmaceuticals
Major imports
- Oil
- Grains
- Raw materials
- Military equipment