Israel is ranked 2nd among 14 countries in the Middle East and North Africa region, and its overall score is well above the regional and world averages. ... debt to GDP ratio, international trade performance and population trends. Get The Times of Israel's Daily Edition by email and never miss our top stories Israel consistently ranks high among the world’s economies in terms of its technological readiness, venture capital availability, and the quality of its research organizations. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community. Israel’s economy expanded in late 2018 at its fastest pace since the first quarter of the year on a rebound in consumer spending, beating economists’ estimates. The United States remains the world’s largest economy, but China is expected to take first place by 2032. To learn more about cookies, click here. The IMD World Competitiveness Yearbook of 2016 ranked Israel's economy as world 21st most competitive out of the 61 economies surveyed. Israel has a technologically advanced market economy with cut diamonds, high-technology equipment and pharmaceuticals among its major exports. World and global economy rankings from the Index of Economic Freedom are published by The Heritage Foundation. NOTE: 1) The information regarding Israel on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. © 2020 The Times of Israel , All Rights Reserved, Israeli F-35 fighter jets perform during celebrations for Israel's 69th Independence Day in Tel Aviv on May 2, 2017. Government officials have called for reforms to boost the housing supply and to increase competition in the banking sector to address these public grievances. Israel, the tiny nation that defied history in coming back to life after 2,000 years of exile, is among the top 10 most powerful nations in the world according to a recent research study. Israel was indeed an open economy until 2004, but since then something terrible happened: It shut itself off from the rest of the world. So our connections through shared values, ideas and discussion are now more important than ever. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Living in Tel Aviv is more expensive than living in New York City, making it the fifth-most expensive city in the world, according to the Worldwide Cost of Living Survey released on Wednesday by the Economist Intelligence Unit, a sister company of The Economist magazine. Sign in to stop seeing this, COVID vaccines for 2 million Israelis may arrive in coming month — reports, Israeli television says health officials weighing giving approval to Pfizer’s vaccine before FDA does, potentially allowing Israel to begin receiving inoculations, Court expanding courtroom to allow more room for spectators at Netanyahu's trial, Israel may get COVID vaccines for 2 million Israelis this month — reports, Netanyahu fumes at prosecutors for rejecting unfounded claim that graft charges were fabricated, Hamas to tighten virus restrictions amid surge in coronavirus infections, Thousands attend Jerusalem funeral of top rabbi who died from COVID-19, Aharon Hadash was spiritual leader of world-famous Mir Yeshiva; institute said to have made deal with police on size of crowd but participants violate guidelines en masse, Daily virus case count tops 1,500 for first time since lockdown eased, Pace of virus spread seen accelerating as case numbers mount, Patient dies of suspected COVID months after being declared virus-free, Pandemic pushes number of deaths in Israel in March-October up 9% from 2019, Government report shows 2,586 more people died than during this period last year — approximate number of virus fatalities; 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coming months to be ‘most difficult time in public health history of this nation,’ says CDC director, China disease center’s backdoor deal with testing firms fueled pandemic’s spread, Virus was spreading in US as early as December 2019, new study indicates, Israel’s PixCell to deploy blood test analyzers in Australia’s New South Wales, In bid to kick out anti-Semitism, UK’s Premier League adopts IHRA definition, In doing so, 18 of 20 teams in top soccer group also back some references to Israel in its description of Jew-hatred, ‘D is for David’: Germany to return to pre-Nazi alphabet table with Jewish names, Twitter bans content that ‘dehumanizes’ based on race, national origin, Threats to US election officials swell as Trump grievances feed menacing tide, Republicans on key panel ‘uneasy’ about F-35 sale to UAE — congressional aides, After White House officials brief Senate Foreign Relations Committee on planned $23 billion arms deal, lawmakers gear up for long-shot vote to block it, Air force probe unable to find cause for deadly plane crash, Biden faces pressure from competing factions over pick for secretary of defense, Israel gets missile boat to defend gas rigs, ‘dramatically’ help counter Iran, Scientists successfully restore cells to youth, bring back sight in mice, David Sinclair, a Harvard professor of Jewish heritage who co-authored study, says he hopes to turn back time at cellular level, reversing damage caused by injury, disease and age, IDC student going above and beyond: Zionism, humility and bravery, Sahar Elbaz, a Business and Entrepreneurship student at IDC Herzliya, tells his amazing army story as a lone soldier, Israel Unlocked: Powerful online journeys that support Israeli tourism, Join the ToI Community to access our exclusive virtual tours series – and support Israeli tourism at this difficult time, WATCH: How Simona Weinglass’s reporting on fraud changed Israeli law. Search, browse and map more than 10,000 projects from 1947 to the present. The ranking on each topic is the simple average of the percentile rankings on its component indicators. IBRD/IDA Operations Approved by Fiscal Year, New and Supplemental Projects by Fiscal Year, Summary of Contributions to Financial Intermediary Funds, Average Monthly Temperature 1901 - 2009 (C), Average Monthly Rainfall 1901 - 2009 (mm), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building, Poverty headcount ratio at national poverty lines (% of population), GNI per capita, Atlas method (current US$), Statistical Capacity score (Overall average). Over the next couple of years lists replacing Thailand international trade performance and trends. Employment, read israeli economy world ranking profile of Israel 's economy also weathered the 2011 Arab Spring strong! 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