Business / Industry Sectors
Israel's economy prospers; Highlights increasing trade and global investment networks
01/09/2014
Study shows that according to nearly every economic indicator, Israel's economy continues to grow by leaps and bounds.

Wherever good news for Israel is to be found, Mr. Yoram Ettinger is there to publicize it. A long-time government consultant for US policy and projects, Mr. Ettinger now writes of a new economic study showing that "sustained, impressive growth of Israel's economy throughout the last 30 years."

 

The study was published earlier this month by Dr. Adam Reuter, CEO of Financial Immunities Consulting and the Chairman of Reuter-MaydanInvestment House. Its main points:

 

* Israel's GDP catapulted from $30bn in 1984 to $300bn in 2014; per capita GDP surged from $7,000 to $38,000

* The ratio of public debt to GDP shrunk from 280% to 66%

* Foreign exchange reserves swelled from $3bn to $89bn

* Export rose from $10bn to $90bn, including an increase of high tech exports from $1bn to $28bn

* For the first time, Israel's country default spread (2.48%), reflecting the risk premium on government bonds, is similar to that of the US (2.38%).

 

As of now, Israel is the world's top exporter of drones; the world's co-leader (along with the US) in the development, manufacturing and launching of small and medium size satellites; the sixth largest exporter of military systems; the 2nd largest cyber exporter, as well as an emerging natural gas power.

 

Mr. Ettinger, a consultant to Israel’s Cabinet and Knesset Members on US-Israel bilateral projects, US policy and Mideast politics, says, "Time is working for Israel. The economic indicators from 1948 until today confirm that Israel has experienced splendid economic integration, and unprecedented economic growth".

 

"In contrast to those who wish to boycott Israel," Mr. Ettinger concludes, "2013-14 have highlighted Israel's expanding trade and investment global network, especially with the surging economies of China, India and South Korea."

 

Source: Israel National News

 

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