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The Economy in Israel

The Economy in Israel. Ministry of Finance June 2012. Outline of the Deficit 2013-2020. 2. Budget Deficit Israel and selected countries, 2011-2012. Germany. Israel. France. Greece. Spain. United States. United Kingdom. Source: IMF, Ministry of Finance.

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The Economy in Israel

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  1. The Economy in Israel Ministry of Finance June 2012

  2. Outline of the Deficit2013-2020 2

  3. Budget DeficitIsrael and selected countries, 2011-2012 Germany Israel France Greece Spain United States United Kingdom Source: IMF, Ministry of Finance.

  4. Simulated Outline of Debt-to-Product RatioBased on the Deficit and Expenditure Outline New outline – 3.5% average growth New outline – 4.0% average growth

  5. Year 2011 - Summary * The recent amendment of the method of the workforce survey by the Central Bureau of Statistics resulted in an upward adjustment of unemployment rates.

  6. Projection for 2012

  7. Product Growth2008-2011 Source: Central Bureau of Statistics.

  8. Product Growth – Global Comparison2011-2012 Japan Israel Germany Chile China Korea Brazil United States Australia United Kingdom France Source: OECD, Central Bureau of Statistics.

  9. Increase in Real Investments2008-2012 Between the years 2010-2011, the volume of investments grew by some 33%. Source: OECD, Central Bureau of Statistics. * The projection for 2012 is based on OECD data.

  10. Increase in Real Investments, Global Comparison2011 United Kingdom United States France Japan Korea Chile Israel China Germany Australia Source: OECD, Central Bureau of Statistics. China – based on IMF data.

  11. Unemployment and Rate of Participation The high growth rates recorded in the economy and the reduction in transfer payments since 2003 increased the rate of participation Right axis Rate of participation Left axis Unemployment rate

  12. Unemployment Rate2008-2012 Eurozone (12 countries) United States Israel The data for 2012 are the existing available data, and in Israel are based on the new index. Source: BLS, CBS, EUROSTAT.

  13. Creation of Jobs in IsraelIncrease in the Number of the Employed and of Available Jobs, in Thousands

  14. S&P Credit RatingIsrael and Western Europe, 2010-2012 * An arrow represents the rise or decline of the rating by one level.

  15. Real Rate of Product Growth 1970-2011 * Includes an updated projection for 2012 at the rate of 3.2%.

  16. Real Rate of Product Growth 2002-2012 Average growth3.6% * Updated projection.

  17. Share of the Workforce* in the Population2009-2029 * Population of ages 15-65. Source: Demographic projections of CBS, analyses by Economics and Research Division.

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