The Israeli Economy
International Perspective
A comparison of recent
economic developments in
Israel and the developed
world, 2009-2012.
Ministry of Finance
February 2013
*Based on the available data. In the absence of data for the Euro Area, OECD data are presented.
GDP Growth Rate
2009-2012
The cumulative GDP growth rate, in real terms.
Source: OECD.
2
GDP Per Capita Growth Rate
2009-2012
The cumulative GDP per capita growth rate, in real terms.
Source: IMF, calculated by the MoF Economics and Research Department.
3
Investments’ growth Rate
2009-2012
The cumulative fixed capital formation growth rate, in real terms.
Source: OECD.
4
Exports’ Growth Rate
2009-2011
The cumulative export of goods & services growth rate, in real terms.
Source: OECD.
5
The Average General Government Deficit,
2009-2012
The general government includes local authorities, the national insurance institute and other public entities.
6
Source: OECD, Israeli Central Bureau of Statistics
Changes in the Debt to GDP Ratio
2009-2012
Percentage points change in the debt to GDP ratio.
Source: OECD.
7
Israeli Government’s Bonds Yield
2008-2012
Yield rates of Israeli government bonds, by coin issued.
Source: Bloomberg.
8
S&P Credit rating
Israel and select OECD countries
Country
Current Rating
Austria 1
AA+
Belgium 1
AA
France 1
AA+
Germany 0
AAA
Greece 12
CC
Ireland 4
BBB+
Israel +
A+
Italy 3
BBB+
Japan 1
A
The Netherlands -1
AAA
Portugal 5
BB
Spain 5
BBB+
Sweden 0
AAA
United Kingdom -1
AAA
United States 1
AA+
Rating Change
=
An arrow represents
upgrading (green) or
downgrading (red)
by one notch.
=
An orange arrow
represents a negative
outlook.
Source: S&P
9
The Israeli Labor Force
International Comparison
*Based on the available data. In the absence of data for the Euro Area, OECD data is presented.
Change in the number of employees
2009-2012
The cumulative change in the number of employees, ages 15+
Source: OECD
11
The Unemployment Rate
2008-2012
Israel
Euro Area
Source: Eurostat, OECD, CBS. In January 2013 the unemployment rate in Israel was 6.5%,
compared to 11.9% in the Euro Area
12
Changes in The Unemployment Rate
2009-2012
Percentage points changes in the unemployment rate, ages 15+
Source: OECD
13
Youth Unemployment
2012
Source: OECD.
14
Changes in Youth Unemployment
2009-2012
Percentage points Changes.
Source: OECD.
15
Changes in The Participation Rate
2009-2012
Percentage points changes in participation rate, ages 25-64.
Source: OECD.
16
Participation Rate
2008-2012
85%
80%
75%
70%
65%
Germany Canada
United
Kingdom
Participation rate, ages 25-64.
Source: OECD.
Japan
Israel
Australia France
Euro
Area
United
States
Italy
17
Inequality in Israel
2007-2011
Gini index for income inequality.
Source: The Israeli National Insurance Institute.
18
Private Consumption Growth Rate (Standard of Living)
2009-2011
The cumulative Private Consumption growth rate.
Source: OECD, calculations by the MoF Economics and Research Department.
19