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Promoting Israel’s Trade Globally
An Overview of the Israeli Economy
Ari RokniDirector of Business & Trade Development
December 7, 2012
Welcome to Israel
Israel’s Competitive Edge
1st in the world for flexibility and adaptability 1st in the world for scientific research
1st in the world for entrepreneurship
1st in the world for information technology skills
1st in the world for expenditure on R&D (as % of GDP)
2nd in the world for innovative capacity
2nd in the world for venture capital
4th in the world in utility patents per million population
Israel’s Main Economic Indicators
Source: Investment Promotion Center
**Estimated
Criteria2006200720082009 2010 2011
GDP (current prices in GDP (current prices in $B)*$B)*
144.0B$164.1B$191.8B$193.1B$ 204.6B$214.2B$
GDP Real Growth Rate (%)GDP Real Growth Rate (%)5.2%5.4%4.0%0.7%4.8%4.7%
GDP per Capita (PPP)** GDP per Capita (PPP)** 24,271$26,226$27,355$27,054$29,602$$31,005**
GDP per Capita Growth GDP per Capita Growth Rate Rate
(%, Current prices)(%, Current prices)3.3%3.5%2.1%-1.1%2.9%2.8%
Exports Exports (Goods & Services)((Goods & Services)(As %of As %of GDPGDP))
62.6B$(43.5%)
71.2B$(43.4%)
80.4B$(40.3%)
67.9B$(30%)
87.7B$(42.9%)
91.9B$(42.9%)
Imports Imports (Goods & Services)((Goods & Services)(As %of As %of GDPGDP))
62.2B$(43.2%)
73.5B$(45.1%)
84.3B$(42.2%)
63.1B$(29%)
82.3B$(40.2%)
91.0B$
Unemployment RateUnemployment Rate8.4%7.3%6.1%7.4%6.6%5.7%
Israel’s International Trade - 2011
Export of Goods 91.9 Billion $
Imports of Goods 91.0 Billion $
*Using a public exchange rate of 1USD=3.6NIS (2011 average)
Israel’s Free Trade Agreements
Existing:
EU
USA
EFTA
Turkey
Mexico
Canada
MERCOSUR
63% of Israel’s Trade in 2009
Under Examination:
India
South Korea
Chile
Ukraine
6% of Israel’s Trade in 2009
Main Trading Items
Israeli Exports
Israeli Imports
Key Industries
Software1,000Cisco
Capital Equip.1,000Applied Materials
Telecom1,000Motorola
Software 600Microsoft
Semiconductors 570Freescale
Software 800SAP
Computing Equip1,100IBM
Capital Equip5,000HP- (Indigo & Mercury)
Semiconductors5,400Intel
SectorNo. of EmployeesCompany
Samsung 100 Semiconductors
Global Center for R&D
Multinationals in Israel
• Microsoft built its first R&D facility outside the US in Israel
• Veolia partnered to operate one of the largest RO Desalination plant in the world.
• Cisco built its first R&D facility outside the US in Israel
• Motorola’s Israel facility is the company’s largest development center worldwide.
• IBM chose Israel for its first VC investment outside of the US
• Intel has 4 R&D facilities and 2 manufacturing centers in Israel, employing 7,000 Israelis
• Google opened 2 R&D centers in Israel
Economic Incentives
Office of the Chief Scientist (OCS)
• Global Enterprise R&D Cooperation Framework
– Joint R&D projects between MNCs and Israeli companies, authorized by the OCS, could be entitled to financial assistance with the Israeli company’s R&D approved costs.
• BIRD Foundation (Israel-US Binational Industrial Research and Development)
– Offers conditional grants for joint development projects on a risk-sharing basis. BIRD funds up to 50% of each company's R&D expenses associated with the joint project.
• Technology Incubator Program
– Up to 85% of early stage project costs
• Investment
– Offers tax benefits for 10 years and investment grants to foreign companies
Matchmaking & Access to the Israeli Industry
• America-Israel Chamber of Commerce (Chicago)
• Federation of Israeli Chambers of Commerce (Israel)
• Israel-America Chamber of Commerce (Israel)
• Israel Export & International Cooperation Institute (Israel)
• Government of Israel Economic Mission to the Midwest
Thank You