Back in 2015, Israel looked set to deliver a strong and consistent economic performance compared with most developed countries. According to a BDO report, while the average growth rate in developed countries stood at 2%, owing to uncertainties in the global context against the backdrop of the geopolitical crisis, Israel in 2015 showed a growth rate of 2.5%. Still, the growth rate is expected to be around 3.5-4% by 2020.
A partner for the future of technology
Israeli economy has proven its stability in the past during the global financial crisis of 2008-2009.
Situated at the junction of Europe, Asia and Africa, Israel is the largest export market in the Middle East with exports including high-technology, pharmaceutical products and cut diamonds. Natural gas fields have recently been discovered off Israel’s coast providing Israel with more energy security and a possible source to generate export income. With strong economic links to the US combined with European influences, Israel’s impact on the world market is likely to increase in the future. Israel has a technically advanced market economy with highly skilled and well-educated, professional workers.
If you need more info or contacts in Israel, please feel free to contact us.
Sandra Tanase
Managing Partner | Head of Israel Mission
Mob: +40 79 9999299