Israel's Economy
Israel at a Glance
An overview of Israel's economy, its population of about 10 million, its high-tech strengths and the challenges of conflict, cost of living and inequality.
Israel has about 10 million people and a high-income economy.
Strengths
- High-tech: software, cybersecurity, chips and medical devices.
- Research and universities.
- Venture capital.
Challenges
- Security costs and conflict.
- High cost of living.
- Inequality, including low employment among some groups.
Few resources
With little water or land, Israel focused on human capital.
Recent conflict
The war that began in October 2023 raised defence spending and disrupted the economy.
The tech corridor
Tel Aviv's office towers house hundreds of tech startups and research centres of global firms.
Thinking resources determine success
Israel built on human capital.
Key takeaways
- Israel has about 10 million people.
- High-tech drives the economy.
- Security and living costs are challenges.
- The 2023 war hit the economy.
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