ed to induce strong foreign
investment, tax revenues, and private consumption, setting the
economy on a solid growth path.

GDP (purchasing power parity):

$185.8 billion (2007 est.)

GDP (official exchange rate):

$161.9 billion (2007 est.)

GDP - real growth rate:

5.3% (2007 est.)

GDP - per capita (PPP):

$26,600 (2007 est.)

GDP - composition by sector:

agriculture: 2.7%
industry: 30.2%
services: 67.1% (2007 est.)

Labor force:

2.894 million (2007 est.)

Labor force - by occupation:

agriculture 18.5%, industry 23.7%, services 50%, other 7.8% (2002)

Unemployment rate:

7.3% (2007 est.)

Population below poverty line:

21.6%
note: Israel's poverty line is $7.30 per person per day (2005)

Household income or consumption by percentage share:

lowest 10%: 2.4%
highest 10%: 28.3% (2005)

Distribution of family income - Gini index:

38.6 (2005)

Investment (gross fixed):

18.5% of GDP (2007 est.)

Budget:

revenues: $53.6 billion
expenditures: $53.63 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

80.6% of GDP (2007 est.)

Inflation rate (consumer prices):

0.5% (2007 est.)

Central bank discount rate:

4% (31 December 2007)

Commercial bank prime lending rate:

6.27% (31 December 2007)

Stock of money:

$15.36 billion (31 December 2006)

Stock of quasi money:

$154.3 billion (31 December 2007)

Stock of domestic credit:

$113.4 billion (31 December 2006)

Agriculture - products:

citrus, vegetables, cotton; beef, poultry, dairy products

Industries:

high-technology projects (including aviation, communications,
computer-aided design and manufactures, medical electronics, fiber
optics), wood and paper products, potash and phosphates, food,
beverages, and tobacco, caustic soda, cement, construction, metals
products, chemical products, plastics, diamond cutting, textiles,
footwear

Industrial production growth rate:

4.1% (2007 est.)

Electricity - production:

48.7 billion kWh (2006 est.)

Electricity - consumption:

44.74 billion kWh (2006 est.)

Electricity - exports:

1.844 billion kWh (2006 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 99.9%
hydro: 0.1%
nuclear: 0%
other: 0% (2001)

Oil - production:

5,966 bbl/day (2007 est.)

Oil - consumption:

232,300 bbl/day (2006 est.)

Oil -