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Israel’s sustained economic growth

1. Tourism to Israel rose by 24.6% in 2017 and reached a record level of 3.6MN tourists, 800,000 from the USA. Tourism comprises around 2.5% of Israel’s GDP and is a substantial employer – a 35% growth in employment since 2010. (“Economist Intelligence Unit,” January 15, 2018).

2. Israel’s national debt-to-GDP ratio declines, systematically, from 70.6% in 2008, 69.6% in 2010, 67.1% in 2012 and 64.8% in 2014 to 60.6% in 2016 (Globes Business Daily, January 12, 2018). Israel’s exports are challenged by the appreciation of Israel’s Shekel, reflecting the robust performance of Israel’s economy (e.g., keeping inflation at 1%-3%; 4.1% unemployment, rising GDP and GDP per capita, etc.). In 2017, Israel’s exports surged, for the first time, beyond $100BN ($43BN hightech) – a 5% increase over 2016.

3. Israel-India commercial, defense, intelligence and counter-terrorism cooperation is second only to Israel-US. Israel is involved in 80% of the irrigation-solution market in India – which is expected to reach a value of $4BN in four years – as represented by the India-Israel multi-national corporation Na’anDanJain, which is active in 100 countries, considering Africa a top target. Israel and India collaborate in the area of agricultural development with India providing the production resources, while Israel generates the knowhow. According to Index Mundi, the economic profile of India includes an impressive annual economic growth of 7% during 1997-2016, a 5% unemployment, a 5.2% inflation and an $8.7 trillion GDP.

4. 2017 was the best year, since 2000, for Israeli companies on NASDAQ (Globes, January 3).

5. Hong Kong’s Li Ka-shing participated, along with Samsung, in a $70MN investment in Israel’s Cortica (artificial intelligence). Peter Thiel, a co-founder of PayPal, who the first outside investor in Facebook, co-led (along with OrbiMed) a $10MN round of investment in an Israeli bio-pharmaceutical startup, ChemonmAb. Japan’s Toyota participated in a $5MN round of private placement by Israel’s Guardian Optical Technological, which developed an optical sensor for car interiors. (Globes, December 5, 2017). Israel’s Qumra Capital raised $150MN for its second late-stage venture capital fund. Most investors are Family Offices, which invested in Qumra’s first venture capital fund, and financial institutions from the US, Europe and Israel (Globes, January 9). The British Arix Bioscience and Adam Street Partners, along with Japan’s Ahai, invested $30MN in Israel’s Atox Bio, which develops novel immune-modulators for critically ill patients (Globe, Dec. 5, 2017).




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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