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The economy of Israel is a highly developed free-market economy. [23] [4] [24] [25] [26] The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability with a full nuclear triad, modern infrastructure equivalent to developed countries, and a high-technology sector competitively on par ...
Before the October 7 attack and ensuing Israel-Hamas war, the International Monetary Fund forecast that Israel’s economy would grow by an enviable 3.4% this year. Now, economists’ projections ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
Much of the economic slowdown is expected to reverse course this year and into 2025. In 2024, Israel’s economy is expected to grow as much as 2%. Once the war subsides, the Israeli government ...
The Bank of Israel calculated that the 2014 war in Gaza cost the economy 0.4% of gross domestic product, and the 2006 war in Lebanon pared 0.5%, said Professor Michel Strawczynski, an economist at ...
Israel, [a] officially the State of Israel, [b] is a country in West Asia.It is situated in the Southern Levant of the Middle East; and shares borders with Lebanon and Syria to the north, the West Bank and Jordan to the east, the Gaza Strip and Egypt to the southwest, and the Mediterranean Sea to the west. [21]
New economic data puts the California economy at $2.747 trillion — bigger than most nations. The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion.