👉Israel Economic Report   Israel is now the Silicon Valley of The World
Channel: GeoStar TV
Date: 2020-03-26

👉Israel Economic Report : Israel is now the Silicon Valley of The World
When you think of Israel, what comes to your mind?
Religious history, rich culture, or historical locations?
Full of abundance and luxury, Israel shows its richness to anyone walking down the streets of its cities.
The only Jewish nation in the world has played a massive role in global international affairs,
and with such a strong economy, notable landmarks, and major cultural significance, it has made its way into the hearts of millions of people.
Israel ranks high among other countries when it comes to education, life expectancy, innovativeness, research and development, and happiness,
and it also offers the highest standard of living in the Middle East.
Over the past few years, Israel became a leader in water use in the Middle East, the country's water shortage has become a surplus. Through a combination of conservation, reuse, and desalination, the country now has more water than it needs.
And that could translate to political progress for the countries in the Middle East, one of the most water stressed regions in the world.
 Israel is already the world leader in water reuse, far outpacing countries like Spain, Australia, and even the United States. Today the desalination plants provide up to 50 percent of Israel's drinking water.

Israel enjoys a Solid economic system.
Over the past five years, there has been an average annual growth of 3%. In 2017, according to data published by the Israeli Central Statistics Office,  In 2018, the GDP growth rate was 3.3%. In the first half of 2019, the economy grew by 3.6%, against 2.8% in the second half of 2018 and 3.5% in the first half of 2018.
 Forecasts indicate a GDP growth rate for 2019, which will stabilize around 3.2 to 3.4 percent.  The unemployment rate at 4.2%. So? How is the public debt? Below 60% of GDP. The inflation rate continues to be low (0.4%), and the Central Bank, to avoid deflationary pressures, keeps the interest rate at minimum levels.
Israel is one of the world leaders in high-tech (cybersecurity, defense, biomedical, irrigation, and renewable energy). The share of investments in research and development is equal to 4.3% of GDP. Israel is the first country in the world by the number of start-ups per inhabitant and the second by per capita risk capital investments ($ 293), while in absolute terms, it is the third country by the number of companies listed on the Nasdaq, after the USA and China. Numerous multinational companies have established their R&D centers here for example, Intel, Microsoft, IBM, Google, etc.

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The fundamentals of the Israeli economy in 2018 and in the first months of 2019 prove stable. The country proves to be dynamic, and with interesting growth prospects, factors that attract capital and investments from all over the world, as confirmed by the record data on investments in the hi-tech sector  in the first half of 2019 amounted to 3.9 billion dollars (in 2018 the figure was 6.4 billion dollars).


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