My friend Yoram Ettinger just sent out a report on the long term confidence in the Israeli economy. When reading the international economic news, it’s quite jarring to see how well Israel is doing… pooh, pooh, pooh.
Here are some of the amazing stats he’s reporting:
1. Israel’s economic growth during the last five years (21%) is higher than all OECD countries, other than Turkey. Israel’s economy grew 270% during the last 20 years, while Israel’s population grew 145%. Israel’s unemployment is the lowest ever – 5.4%.
2. Israel is expected to become a net-exporter of natural gas by 2018.
3. Intel’s exports from Israel – $2.2BN in 2011. Since 1999, Intel’s exports from Israel total $22.5BN. Intel employs 7,800 persons in Israel – 10% of Intel’s global manpower.
4. In 2011 there were mergers and/or acquisitions of 85 Israeli high tech companies (27% increase over 2010) totallying – $5.1BN.
For the full report… check out