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    Israel

    Continent
    Asia
    Capital
    Jerusalem; note - the US recognized Jerusalem as Israel’s capital in December 2017 without taking a position on the specific boundaries of Israeli sovereignty
    Population
    9,402,617
    Sub-Zones
    6
    General Information
    Basic details about Israel
    Population:
    9,402,617
    Area:
    21,937 sq km
    Currency:
    new Israeli shekels
    Languages:
    Hebrew, Arabic, English
    Economic Overview
    Key economic indicators for Israel
    GDP:
    $472.533 billion
    GDP per Capita:
    $48,400
    GDP Growth:
    2.42%
    Inflation:
    4.23%
    Unemployment:
    3.39%
    Public Debt:
    72.6% of GDP
    Credit Rating:
    AA- (2018)
    Political System
    Governance structure of Israel
    Government Type:
    parliamentary democracy
    Head of State:
    President Isaac HERZOG (since 7 July 2021)
    Head of Government:
    Prime Minister Benyamin NETANYAHU (since 29 December 2022)
    Judiciary:
    Supreme Court (consists of the president, deputy president, 13 justices, and 2 registrars) and normally sits in panels of 3 justices; in special cases, the panel is expanded with an uneven number of justices
    Administrative Divisions:
    6 districts (mehozot, singular - mehoz); Central, Haifa, Jerusalem, Northern, Southern, Tel Aviv

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    3514 International Drive NW, Washington, DC 20008

    Major Alliances and Organizations

    OECD
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    1.2% (2022 est.)
    Industry
    18.9% (2022 est.)
    Services
    70.8% (2022 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $156.331 billion
    Imports:
    $137.487 billion

    Major Trading Partners

    USA 29
    China 10
    Ireland 6
    Germany 4
    Hong Kong 4

    Economic Outlook

    Israel has a 2.42% GDP growth rate with 4.23% inflation. The economy is characterized by a strong agriculture sector.