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The Economist ranked Israel as the 4th most successful economy among developed countries for 2022. [54] The IMF estimated Israel's GDP at US$564 billion and its GDP per capita at US$58,270 in 2023 (13th highest in the world), a figure comparable to other highly developed countries. [55] Israel was invited to join the OECD in 2010. [56]
The Israeli border with Egypt is the international border demarcated in 1906 between the United Kingdom and the Ottoman Empire, and confirmed in the 1979 Egypt–Israel peace treaty; the Israeli border with Jordan is based on the border defined in the 1922 Trans-Jordan memorandum, and confirmed in the 1994 Israel–Jordan peace treaty.
The economy of the Gaza Strip was dependent on small industries and agriculture. After years of decline, the Gaza economy experienced some growth in the late 2000s, boosted by foreign aid. [1] According to the International Monetary Fund, the economy grew 20 percent in 2011, and the per capita gross domestic product increased by 19 percent.
Gross domestic product (GDP) plunged 19.4% on an annualized basis compared with the July-to-September quarter, when it grew by a revised 1.8%, Israel’s Central Bureau of Statistics said Monday ...
Israel’s war in Gaza has taken a toll on the country’s economy. In the fourth quarter of 2023, Israel’s economy contracted almost 20% compared to the previous quarter, according to the ...
The economy of the Gaza Strip is severely hampered by Egypt and Israel's almost total blockade, and has one of the world's highest population densities, [28] [29] limited land access, strict internal and external security controls, the effects of Israeli military operations, and restrictions on labor and trade access across the border.
In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country's leaders grind ahead ...
Shortly after the 7 October attacks, Israel had restricted about 100,000 Palestinians laborers living in the West Bank from crossing into Israel for work, per reported security concerns. These cross-border laborers accounted for about $5.5 billion, or about one third of the combined economy of the West Bank and Gaza according to the World Bank ...