Israel usually posts sizable current account deficits, which are covered by large transfer payments from abroad and by foreign loans. Roughly half of the government's external debt is owed to the US, which is its major source of economic and military aid. To earn needed foreign exchange, Israel has been targeting high-technology niches in international markets, such as medical scanning equipment. Initially this great influx increased unemployment, intensified housing problems, and strained the government budget. At the same time, the immigrants bring to the economy scientific and professional expertise of substantial value for the future.
All information is subject to change at any time.
Global Direct Corp. assumes no liability for the use of the database or activities of its franchisees. Global Direct is growing rapidly through interaction with our visitors from all over the world. Many of us have mother tongues other than English. Please help us to improve our use of the language by reporting any problems or spelling errors to Mr. Language . He's here to help.