How is the boycott going?

[toastman]

Can't wait till Israel's natural gas sales go through the roof.

The future i bright for Israel. The Palestinian? Not so much

 

[Roudy]

‘Tip of the BDS iceberg': Kuwait excludes Veolia from $750m contract

According to reliable sources in Kuwait, following this humiliating defeat, Veolia was compelled to withdraw from a tender for a project to expand the “Um Al-Haiman” waste water treatment station after qualifying for it. The project is valued at about $1.5 billion.

Even before this total loss of contracts worth $2.25B, Veolia had already lost or had to pull out of tenders worth approximately $24 billion, mainly in the UK, Sweden, Ireland and the U.S.




- See more at: Tip of the BDS iceberg Kuwait excludes Veolia from 0m contract

Western trade to Israel is on the rise is BDS really working

Excellent article. Thanks for sharing. Alistair Sloan nails it in the second half. BDS is just the start.

It's not a start. It's a bunch of a thugs, Jews haters, IslamoNazis and Neo Nazis barking. The Bowel Dischargers have been DOD for the last 10 years and going backwards.

 

[Beelzebub]

I am sort of worried that BDS can be described as merely a plague of fleas. What good can a plague of fleas do to one of the strongest economies in the world?

Israel s economy Shekeled and bound The Economist

JUDGING by the actions of the Bank of Israel, Israel’s central bank, the economy is in worrying shape. The bank’s Monetary Committee, at its monthly meeting on August 25th, cut its main interest rate from 0.5% to 0.25%—the lowest on record.

Few had seen the cut coming. Bond prices prior to the move had implied that there would be no change in rates for the next three months. The bank had only just cut rates by a quarter of a percentage point the month before, matching the previous record low. Furthermore, the statement accompanying July’s cut had a hawkish tone, implying that the cycle of interest-rate cuts that had begun in September 2011 was at, or near, its end.

The main change since the July meeting has been the Israeli army’s latest incursion into Gaza, in response to rocket attacks on southern Israel. The hostilities have dented consumption, especially in the southern part of the country, near Gaza. Tourism, which accounts for 7% of Israel’s GDP, has slumped throughout the country, ruining this year’s peak summer season. But the Bank of Israel suggests that the fighting, and the drag on the economy it has produced, were not the main reason for the committee’s decision. Instead the bank noted that inflation is well below its 1-3% target and the economy has been slowing across the board. The most recent GDP figures—growth of 1.2% in the second quarter compared with a year before—were anaemic by Israel’s recent standards.

These unhappy trends may have been aggravated by the hostilities in Gaza, but they long preceded them. Israel’s economy had once seemed indomitable, shrugging off the financial crisis and a series of conflicts with Islamic militants in Gaza and southern Lebanon, among other trials. But growth has been slowly decelerating since 2011 (see chart). It remained perky enough to allow unemployment to continue to decline until the end of last year, to a low of 5.7%. The budget deficit has also been falling, to 2.4% of GDP for the year ending in May—the lowest level since 2007.

Maybe we should back off and ask that those who oppose Israel cancel BDS and tries to help its economy?
What do you say lads?

 

[Roudy]

I am sort of worried that BDS can be described as merely a plague of fleas. What good can a plague of fleas do to one of the strongest economies in the world?

Israel s economy Shekeled and bound The Economist

JUDGING by the actions of the Bank of Israel, Israel’s central bank, the economy is in worrying shape. The bank’s Monetary Committee, at its monthly meeting on August 25th, cut its main interest rate from 0.5% to 0.25%—the lowest on record.

Few had seen the cut coming. Bond prices prior to the move had implied that there would be no change in rates for the next three months. The bank had only just cut rates by a quarter of a percentage point the month before, matching the previous record low. Furthermore, the statement accompanying July’s cut had a hawkish tone, implying that the cycle of interest-rate cuts that had begun in September 2011 was at, or near, its end.

The main change since the July meeting has been the Israeli army’s latest incursion into Gaza, in response to rocket attacks on southern Israel. The hostilities have dented consumption, especially in the southern part of the country, near Gaza. Tourism, which accounts for 7% of Israel’s GDP, has slumped throughout the country, ruining this year’s peak summer season. But the Bank of Israel suggests that the fighting, and the drag on the economy it has produced, were not the main reason for the committee’s decision. Instead the bank noted that inflation is well below its 1-3% target and the economy has been slowing across the board. The most recent GDP figures—growth of 1.2% in the second quarter compared with a year before—were anaemic by Israel’s recent standards.

These unhappy trends may have been aggravated by the hostilities in Gaza, but they long preceded them. Israel’s economy had once seemed indomitable, shrugging off the financial crisis and a series of conflicts with Islamic militants in Gaza and southern Lebanon, among other trials. But growth has been slowly decelerating since 2011 (see chart). It remained perky enough to allow unemployment to continue to decline until the end of last year, to a low of 5.7%. The budget deficit has also been falling, to 2.4% of GDP for the year ending in May—the lowest level since 2007.

Maybe we should back off and ask that those who oppose Israel cancel BDS and tries to help its economy?
What do you say lads?

I say you're a fulla shit delusional anti Semite, and the Israeli economy keeps roaring ahead, despite a global economic meltdown and many other negative factors. In fact, Israel seems to be one of the few nations that has managed to do well in the last few years, despite the economic crisis that has gripped the world recently.

Israel Economy Profile 2014

Israel Economy Profile 2014

Israel has a technologically advanced market economy. Cut diamonds, high-technology equipment, and pharmaceuticals are among the leading exports. Its major imports include crude oil, grains, raw materials, and military equipment. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. Between 2004 and 2011, growth averaged nearly 5% per year, led by exports. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals, following years of prudent fiscal policy and a resilient banking sector. In 2010, Israel formally acceded to the OECD. Israel's economy also has weathered the Arab Spring because strong trade ties outside the Middle East have insulated the economy from spillover effects. The economy has recovered better than most advanced, comparably sized economies, but slowing demand domestically and internationally, and a strong shekel, have reduced forecasts for the next decade to the 3% level. Natural gas fields discovered off Israel's coast since 2009 have brightened Israel's energy security outlook. The Tamar and Leviathan fields were some of the world's largest offshore natural gas finds this past decade. The massive Leviathan field is not due to come online until 2018, but production from Tamar provided a one percentage point boost to Israel's GDP in 2013 and is expected to contribute 0.5% growth in 2014. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. Israel's income inequality and poverty rates are among the highest of OECD countries and there is a broad perception among the public that a small number of "tycoons" have a cartel-like grip over the major parts of the economy. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands. In May 2013 the Israeli government, in a politically difficult process, passed an austerity budget to reign in the deficit and restore confidence in the government's fiscal position. Over the long term, Israel faces structural issues, including low labor participation rates for its fastest growing social segments - the ultra-orthodox and Arab-Israeli communities. Also, Israel's progressive, globally competitive, knowledge-based technology sector employs only 9% of the workforce, with the rest employed in manufacturing and services - sectors which face downward wage pressures from global competition.

$273.2 billion (2013 est.)
$264.5 billion (2012 est.)
$255.9 billion (2011 est.)
note: data are in 2013 US dollarsGDP (official exchange rate)$272.7 billion (2013 est.)

GDP - real growth rate3.3% (2013 est.)
3.4% (2012 est.)
4.6% (2011 est.)

GDP - per capita (PPP)$36,200 (2013 est.)
$34,300 (2012 est.)
$34,000 (2011 est.)
note: data are in 2013 US dollarsGross national saving22.2% of GDP (2013 est.)
21% of GDP (2012 est.)
21.4% of GDP (2011 est.)

GDP - composition, by end use
household consumption: 56.1%
government consumption: 22.7%
investment in fixed capital: 19.6%
investment in inventories: 0.7%
exports of goods and services: 34.4%
imports of goods and services: -33.5%
(2013 est.)

GDP - composition by sector
agriculture: 2.4%
industry: 31.2%
services: 66.4% (2013 est.)Population below poverty line21%
note: Israel's poverty line is $7.30 per person per day (2012)Labor force3.493 million (2013 est.)Labor force - by occupationagriculture: 1.6%
industry: 18.1%
services: 80.3% (2012 est.)Unemployment rate5.8% (2013 est.)
6.8% (2012 est.)Unemployment, youth ages 15-24total: 12.1%
male: 11.6%
female: 12.7% (2012)Household income or consumption by percentage sharelowest 10%: 2.5%
highest 10%: 24.3% (2008)Distribution of family income - Gini index37.6 (2012)
39.2 (2008)Budgetrevenues: $109.7 billion
expenditures: $113.9 billion (2013 est.)Taxes and other revenues40.2% of GDP (2013 est.)Budget surplus (+) or deficit (-)-1.5% of GDP (2013 est.)Public debt67.1% of GDP (2013 est.)
66.9% of GDP (2012 est.)Inflation rate (consumer prices)1.7% (2013 est.)
1.7% (2012 est.)Central bank discount rate1% (31 December 2013 est.)
1.75% (31 December 2012 est.)Commercial bank prime lending rate3.8% (31 December 2013 est.)
5.16% (31 December 2012 est.)Stock of narrow money$37.09 billion (31 December 2013 est.)
$32.48 billion (31 December 2012 est.)Stock of broad money$151.2 billion (31 December 2013 est.)
$136.2 billion (31 December 2012 est.)Stock of domestic credit$207.7 billion (31 December 2013 est.)
$192.3 billion (31 December 2012 est.)Market value of publicly traded shares$148.4 billion (31 December 2012 est.)
$145 billion (31 December 2011)
$218.1 billion (31 December 2010 est.)

Agriculture - productscitrus, vegetables, cotton; beef, poultry, dairy productsIndustrieshigh-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metal products, chemical products, plastics, cut diamonds, textiles, footwearIndustrial production growth rate5.5% (2013 est.)Current Account Balance$5.259 billion (2013 est.)
$609 million (2012 est.)Exports$60.67 billion (2013 est.)
$62.32 billion (2012 est.)Exports - commoditiesmachinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparelExports - partnersUS 27.8%, Hong Kong 7.7%, UK 5.7%, Belgium 4.6%, China 4.3% (2012)Imports$67.03 billion (2013 est.)
$71.67 billion (2012 est.)Imports - commoditiesraw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goodsImports - partnersUS 12.9%, China 7.3%, Germany 6.3%, Switzerland 5.5%, Belgium 4.8% (2012)Reserves of foreign exchange and gold$80.74 billion (31 December 2013 est.)
$75.91 billion (31 December 2012 est.)Debt - external$96.3 billion (31 December 2013 est.)
$93.98 billion (31 December 2012 est.)Stock of direct foreign investment - at home$86.04 billion (31 December 2013 est.)
$75.94 billion (31 December 2012 est.)Stock of direct foreign investment - abroad$80.85 billion (31 December 2013 est.)
$74.75 billion (31 December 2012 est.)Exchange ratesnew Israeli shekels (ILS) per US dollar -
3.621 (2013 est.)
3.8559 (2012 est.)
3.739 (2010 est.)
3.93 (2009)
3.588 (2008)Fiscal yearcalendar year

 

[P F Tinmore]

 

[toastman]

So, did they stop selling them ?

 

[Hossfly]

U.S. National Debt Clock Real Time

 

[Roudy]

Can't wait till Israel's natural gas sales go through the roof.

The future i bright for Israel. The Palestinian? Not so much

Once Israel becomes a gas supplier to Western Europe, the BDS will decease as a result of a massive bowel discharge. Praise be to the Allah.

 

[Challenger]

I am sort of worried that BDS can be described as merely a plague of fleas. What good can a plague of fleas do to one of the strongest economies in the world?

Israel s economy Shekeled and bound The Economist

JUDGING by the actions of the Bank of Israel, Israel’s central bank, the economy is in worrying shape. The bank’s Monetary Committee, at its monthly meeting on August 25th, cut its main interest rate from 0.5% to 0.25%—the lowest on record.

Few had seen the cut coming. Bond prices prior to the move had implied that there would be no change in rates for the next three months. The bank had only just cut rates by a quarter of a percentage point the month before, matching the previous record low. Furthermore, the statement accompanying July’s cut had a hawkish tone, implying that the cycle of interest-rate cuts that had begun in September 2011 was at, or near, its end.

The main change since the July meeting has been the Israeli army’s latest incursion into Gaza, in response to rocket attacks on southern Israel. The hostilities have dented consumption, especially in the southern part of the country, near Gaza. Tourism, which accounts for 7% of Israel’s GDP, has slumped throughout the country, ruining this year’s peak summer season. But the Bank of Israel suggests that the fighting, and the drag on the economy it has produced, were not the main reason for the committee’s decision. Instead the bank noted that inflation is well below its 1-3% target and the economy has been slowing across the board. The most recent GDP figures—growth of 1.2% in the second quarter compared with a year before—were anaemic by Israel’s recent standards.

These unhappy trends may have been aggravated by the hostilities in Gaza, but they long preceded them. Israel’s economy had once seemed indomitable, shrugging off the financial crisis and a series of conflicts with Islamic militants in Gaza and southern Lebanon, among other trials. But growth has been slowly decelerating since 2011 (see chart). It remained perky enough to allow unemployment to continue to decline until the end of last year, to a low of 5.7%. The budget deficit has also been falling, to 2.4% of GDP for the year ending in May—the lowest level since 2007.

Maybe we should back off and ask that those who oppose Israel cancel BDS and tries to help its economy?
What do you say lads?

I say you're a fulla shit delusional anti Semite, and the Israeli economy keeps roaring ahead, despite a global economic meltdown and many other negative factors. In fact, Israel seems to be one of the few nations that has managed to do well in the last few years, despite the economic crisis that has gripped the world recently.

Israel Economy Profile 2014

Israel Economy Profile 2014

Israel has a technologically advanced market economy. Cut diamonds, high-technology equipment, and pharmaceuticals are among the leading exports. Its major imports include crude oil, grains, raw materials, and military equipment. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. Between 2004 and 2011, growth averaged nearly 5% per year, led by exports. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals, following years of prudent fiscal policy and a resilient banking sector. In 2010, Israel formally acceded to the OECD. Israel's economy also has weathered the Arab Spring because strong trade ties outside the Middle East have insulated the economy from spillover effects. The economy has recovered better than most advanced, comparably sized economies, but slowing demand domestically and internationally, and a strong shekel, have reduced forecasts for the next decade to the 3% level. Natural gas fields discovered off Israel's coast since 2009 have brightened Israel's energy security outlook. The Tamar and Leviathan fields were some of the world's largest offshore natural gas finds this past decade. The massive Leviathan field is not due to come online until 2018, but production from Tamar provided a one percentage point boost to Israel's GDP in 2013 and is expected to contribute 0.5% growth in 2014. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. Israel's income inequality and poverty rates are among the highest of OECD countries and there is a broad perception among the public that a small number of "tycoons" have a cartel-like grip over the major parts of the economy. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands. In May 2013 the Israeli government, in a politically difficult process, passed an austerity budget to reign in the deficit and restore confidence in the government's fiscal position. Over the long term, Israel faces structural issues, including low labor participation rates for its fastest growing social segments - the ultra-orthodox and Arab-Israeli communities. Also, Israel's progressive, globally competitive, knowledge-based technology sector employs only 9% of the workforce, with the rest employed in manufacturing and services - sectors which face downward wage pressures from global competition.

$273.2 billion (2013 est.)
$264.5 billion (2012 est.)
$255.9 billion (2011 est.)
note: data are in 2013 US dollarsGDP (official exchange rate)$272.7 billion (2013 est.)

GDP - real growth rate3.3% (2013 est.)
3.4% (2012 est.)
4.6% (2011 est.)

GDP - per capita (PPP)$36,200 (2013 est.)
$34,300 (2012 est.)
$34,000 (2011 est.)
note: data are in 2013 US dollarsGross national saving22.2% of GDP (2013 est.)
21% of GDP (2012 est.)
21.4% of GDP (2011 est.)

GDP - composition, by end use
household consumption: 56.1%
government consumption: 22.7%
investment in fixed capital: 19.6%
investment in inventories: 0.7%
exports of goods and services: 34.4%
imports of goods and services: -33.5%
(2013 est.)

GDP - composition by sector
agriculture: 2.4%
industry: 31.2%
services: 66.4% (2013 est.)Population below poverty line21%
note: Israel's poverty line is $7.30 per person per day (2012)Labor force3.493 million (2013 est.)Labor force - by occupationagriculture: 1.6%
industry: 18.1%
services: 80.3% (2012 est.)Unemployment rate5.8% (2013 est.)
6.8% (2012 est.)Unemployment, youth ages 15-24total: 12.1%
male: 11.6%
female: 12.7% (2012)Household income or consumption by percentage sharelowest 10%: 2.5%
highest 10%: 24.3% (2008)Distribution of family income - Gini index37.6 (2012)
39.2 (2008)Budgetrevenues: $109.7 billion
expenditures: $113.9 billion (2013 est.)Taxes and other revenues40.2% of GDP (2013 est.)Budget surplus (+) or deficit (-)-1.5% of GDP (2013 est.)Public debt67.1% of GDP (2013 est.)
66.9% of GDP (2012 est.)Inflation rate (consumer prices)1.7% (2013 est.)
1.7% (2012 est.)Central bank discount rate1% (31 December 2013 est.)
1.75% (31 December 2012 est.)Commercial bank prime lending rate3.8% (31 December 2013 est.)
5.16% (31 December 2012 est.)Stock of narrow money$37.09 billion (31 December 2013 est.)
$32.48 billion (31 December 2012 est.)Stock of broad money$151.2 billion (31 December 2013 est.)
$136.2 billion (31 December 2012 est.)Stock of domestic credit$207.7 billion (31 December 2013 est.)
$192.3 billion (31 December 2012 est.)Market value of publicly traded shares$148.4 billion (31 December 2012 est.)
$145 billion (31 December 2011)
$218.1 billion (31 December 2010 est.)

Agriculture - productscitrus, vegetables, cotton; beef, poultry, dairy productsIndustrieshigh-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metal products, chemical products, plastics, cut diamonds, textiles, footwearIndustrial production growth rate5.5% (2013 est.)Current Account Balance$5.259 billion (2013 est.)
$609 million (2012 est.)Exports$60.67 billion (2013 est.)
$62.32 billion (2012 est.)Exports - commoditiesmachinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparelExports - partnersUS 27.8%, Hong Kong 7.7%, UK 5.7%, Belgium 4.6%, China 4.3% (2012)Imports$67.03 billion (2013 est.)
$71.67 billion (2012 est.)Imports - commoditiesraw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goodsImports - partnersUS 12.9%, China 7.3%, Germany 6.3%, Switzerland 5.5%, Belgium 4.8% (2012)Reserves of foreign exchange and gold$80.74 billion (31 December 2013 est.)
$75.91 billion (31 December 2012 est.)Debt - external$96.3 billion (31 December 2013 est.)
$93.98 billion (31 December 2012 est.)Stock of direct foreign investment - at home$86.04 billion (31 December 2013 est.)
$75.94 billion (31 December 2012 est.)Stock of direct foreign investment - abroad$80.85 billion (31 December 2013 est.)
$74.75 billion (31 December 2012 est.)Exchange ratesnew Israeli shekels (ILS) per US dollar -
3.621 (2013 est.)
3.8559 (2012 est.)
3.739 (2010 est.)
3.93 (2009)
3.588 (2008)Fiscal yearcalendar year

Got to love this, Wrong again Rude-ee tries to rebut the Economist article and his rebuttal actually agrees with the Economist analysis. BTW, "est" is short or "estimated" in other words, unsubstantiated made up figures. Too funny for words.

 

[Challenger]

And now from Denmark

Danish stores halts sales of cosmetics from illegal settlements DanWatch

 

[Roudy]

I am sort of worried that BDS can be described as merely a plague of fleas. What good can a plague of fleas do to one of the strongest economies in the world?

Israel s economy Shekeled and bound The Economist

JUDGING by the actions of the Bank of Israel, Israel’s central bank, the economy is in worrying shape. The bank’s Monetary Committee, at its monthly meeting on August 25th, cut its main interest rate from 0.5% to 0.25%—the lowest on record.

Few had seen the cut coming. Bond prices prior to the move had implied that there would be no change in rates for the next three months. The bank had only just cut rates by a quarter of a percentage point the month before, matching the previous record low. Furthermore, the statement accompanying July’s cut had a hawkish tone, implying that the cycle of interest-rate cuts that had begun in September 2011 was at, or near, its end.

The main change since the July meeting has been the Israeli army’s latest incursion into Gaza, in response to rocket attacks on southern Israel. The hostilities have dented consumption, especially in the southern part of the country, near Gaza. Tourism, which accounts for 7% of Israel’s GDP, has slumped throughout the country, ruining this year’s peak summer season. But the Bank of Israel suggests that the fighting, and the drag on the economy it has produced, were not the main reason for the committee’s decision. Instead the bank noted that inflation is well below its 1-3% target and the economy has been slowing across the board. The most recent GDP figures—growth of 1.2% in the second quarter compared with a year before—were anaemic by Israel’s recent standards.

These unhappy trends may have been aggravated by the hostilities in Gaza, but they long preceded them. Israel’s economy had once seemed indomitable, shrugging off the financial crisis and a series of conflicts with Islamic militants in Gaza and southern Lebanon, among other trials. But growth has been slowly decelerating since 2011 (see chart). It remained perky enough to allow unemployment to continue to decline until the end of last year, to a low of 5.7%. The budget deficit has also been falling, to 2.4% of GDP for the year ending in May—the lowest level since 2007.

Maybe we should back off and ask that those who oppose Israel cancel BDS and tries to help its economy?
What do you say lads?

I say you're a fulla shit delusional anti Semite, and the Israeli economy keeps roaring ahead, despite a global economic meltdown and many other negative factors. In fact, Israel seems to be one of the few nations that has managed to do well in the last few years, despite the economic crisis that has gripped the world recently.

Israel Economy Profile 2014

Israel Economy Profile 2014

Israel has a technologically advanced market economy. Cut diamonds, high-technology equipment, and pharmaceuticals are among the leading exports. Its major imports include crude oil, grains, raw materials, and military equipment. Israel usually posts sizable trade deficits, which are covered by tourism and other service exports, as well as significant foreign investment inflows. Between 2004 and 2011, growth averaged nearly 5% per year, led by exports. The global financial crisis of 2008-09 spurred a brief recession in Israel, but the country entered the crisis with solid fundamentals, following years of prudent fiscal policy and a resilient banking sector. In 2010, Israel formally acceded to the OECD. Israel's economy also has weathered the Arab Spring because strong trade ties outside the Middle East have insulated the economy from spillover effects. The economy has recovered better than most advanced, comparably sized economies, but slowing demand domestically and internationally, and a strong shekel, have reduced forecasts for the next decade to the 3% level. Natural gas fields discovered off Israel's coast since 2009 have brightened Israel's energy security outlook. The Tamar and Leviathan fields were some of the world's largest offshore natural gas finds this past decade. The massive Leviathan field is not due to come online until 2018, but production from Tamar provided a one percentage point boost to Israel's GDP in 2013 and is expected to contribute 0.5% growth in 2014. In mid-2011, public protests arose around income inequality and rising housing and commodity prices. Israel's income inequality and poverty rates are among the highest of OECD countries and there is a broad perception among the public that a small number of "tycoons" have a cartel-like grip over the major parts of the economy. The government formed committees to address some of the grievances but has maintained that it will not engage in deficit spending to satisfy populist demands. In May 2013 the Israeli government, in a politically difficult process, passed an austerity budget to reign in the deficit and restore confidence in the government's fiscal position. Over the long term, Israel faces structural issues, including low labor participation rates for its fastest growing social segments - the ultra-orthodox and Arab-Israeli communities. Also, Israel's progressive, globally competitive, knowledge-based technology sector employs only 9% of the workforce, with the rest employed in manufacturing and services - sectors which face downward wage pressures from global competition.

$273.2 billion (2013 est.)
$264.5 billion (2012 est.)
$255.9 billion (2011 est.)
note: data are in 2013 US dollarsGDP (official exchange rate)$272.7 billion (2013 est.)

GDP - real growth rate3.3% (2013 est.)
3.4% (2012 est.)
4.6% (2011 est.)

GDP - per capita (PPP)$36,200 (2013 est.)
$34,300 (2012 est.)
$34,000 (2011 est.)
note: data are in 2013 US dollarsGross national saving22.2% of GDP (2013 est.)
21% of GDP (2012 est.)
21.4% of GDP (2011 est.)

GDP - composition, by end use
household consumption: 56.1%
government consumption: 22.7%
investment in fixed capital: 19.6%
investment in inventories: 0.7%
exports of goods and services: 34.4%
imports of goods and services: -33.5%
(2013 est.)

GDP - composition by sector
agriculture: 2.4%
industry: 31.2%
services: 66.4% (2013 est.)Population below poverty line21%
note: Israel's poverty line is $7.30 per person per day (2012)Labor force3.493 million (2013 est.)Labor force - by occupationagriculture: 1.6%
industry: 18.1%
services: 80.3% (2012 est.)Unemployment rate5.8% (2013 est.)
6.8% (2012 est.)Unemployment, youth ages 15-24total: 12.1%
male: 11.6%
female: 12.7% (2012)Household income or consumption by percentage sharelowest 10%: 2.5%
highest 10%: 24.3% (2008)Distribution of family income - Gini index37.6 (2012)
39.2 (2008)Budgetrevenues: $109.7 billion
expenditures: $113.9 billion (2013 est.)Taxes and other revenues40.2% of GDP (2013 est.)Budget surplus (+) or deficit (-)-1.5% of GDP (2013 est.)Public debt67.1% of GDP (2013 est.)
66.9% of GDP (2012 est.)Inflation rate (consumer prices)1.7% (2013 est.)
1.7% (2012 est.)Central bank discount rate1% (31 December 2013 est.)
1.75% (31 December 2012 est.)Commercial bank prime lending rate3.8% (31 December 2013 est.)
5.16% (31 December 2012 est.)Stock of narrow money$37.09 billion (31 December 2013 est.)
$32.48 billion (31 December 2012 est.)Stock of broad money$151.2 billion (31 December 2013 est.)
$136.2 billion (31 December 2012 est.)Stock of domestic credit$207.7 billion (31 December 2013 est.)
$192.3 billion (31 December 2012 est.)Market value of publicly traded shares$148.4 billion (31 December 2012 est.)
$145 billion (31 December 2011)
$218.1 billion (31 December 2010 est.)

Agriculture - productscitrus, vegetables, cotton; beef, poultry, dairy productsIndustrieshigh-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metal products, chemical products, plastics, cut diamonds, textiles, footwearIndustrial production growth rate5.5% (2013 est.)Current Account Balance$5.259 billion (2013 est.)
$609 million (2012 est.)Exports$60.67 billion (2013 est.)
$62.32 billion (2012 est.)Exports - commoditiesmachinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparelExports - partnersUS 27.8%, Hong Kong 7.7%, UK 5.7%, Belgium 4.6%, China 4.3% (2012)Imports$67.03 billion (2013 est.)
$71.67 billion (2012 est.)Imports - commoditiesraw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goodsImports - partnersUS 12.9%, China 7.3%, Germany 6.3%, Switzerland 5.5%, Belgium 4.8% (2012)Reserves of foreign exchange and gold$80.74 billion (31 December 2013 est.)
$75.91 billion (31 December 2012 est.)Debt - external$96.3 billion (31 December 2013 est.)
$93.98 billion (31 December 2012 est.)Stock of direct foreign investment - at home$86.04 billion (31 December 2013 est.)
$75.94 billion (31 December 2012 est.)Stock of direct foreign investment - abroad$80.85 billion (31 December 2013 est.)
$74.75 billion (31 December 2012 est.)Exchange ratesnew Israeli shekels (ILS) per US dollar -
3.621 (2013 est.)
3.8559 (2012 est.)
3.739 (2010 est.)
3.93 (2009)
3.588 (2008)Fiscal yearcalendar year

Got to love this, Wrong again Rude-ee tries to rebut the Economist article and his rebuttal actually agrees with the Economist analysis. BTW, "est" is short or "estimated" in other words, unsubstantiated made up figures. Too funny for words.

An "ARTICLE"? Ha ha ha. I'll take actual figures from an unbiased source showing the Israeli economy grew in all sectors over the last four years with same projections for 2014 than some stupid opinion piece in a magazine notorious for being left wing.

 

[Challenger]

Every little bit helps.

Activists occupied the Israel pavilion at the SIAL 2014 food industry trade fair in the Paris suburb of Villepinte on Tuesday.

Video Activists occupy Israel pavilion at Paris trade show The Electronic Intifada

Chip, chip, chip...

 

[Roudy]

Every little bit helps.

Activists occupied the Israel pavilion at the SIAL 2014 food industry trade fair in the Paris suburb of Villepinte on Tuesday.

Video Activists occupy Israel pavilion at Paris trade show The Electronic Intifada

Chip, chip, chip...

More from "electronic inti-FARTA" about what French Mooooslems did?

Challenged donkeys will bray bray bray...

 

[Challenger]

And now American Christian organisations join in:

Connecticut Conference of the United Church of Christ The Connecticut Conference of the United Church of Christ approved a resolution Friday night to divest itself of investments with any companies profiting from the occupation of the Palestine Territories by the State of Israel. - Hartford Courant

chip, chip, chip..

 

[aris2chat]

Israeli household wealth grew 13% in year, among highest gains in world

The richest 1% of the world’s population has gotten richer over the past year and now controls more than 48% of the world’s wealth, according to a report released on Tuesday by the Swiss bank Credit Suisse. It warned that the growing concentration of wealth in fewer hands could set off a recession.

In Israel, Credit Suisse found that household wealth grew 13% from 2013, making it among the fastest-growing economies. Among the 50 countries surveyed in the bank’s Global Wealth Report 2014, Israel was the eighth fastest-growing.

Worldwide, household wealth increased 8.3%. In the United States it climbed 11.4% and in Europe 10.6%.

But the gains were distributed unequally. In Israel, 67.3% of all wealth in the country was controlled by the wealthiest 10% of households. On this score, economic inequality in Israel was lower than in the United States, where the top 10% held 74.6% of the wealth, as well as Sweden (68.6%) and Switzerland (71.9%), but higher than countries such as Britain (54.1%), Italy (51.5%) and Germany (61.7%).

Moreover, the top 10% of Israeli households increased their share of the country’s total wealth over the last 14 years. In 2000, Credit Suisse said they controlled 62.4%, a figure that rose to 64.6% seven years later.

The report put Israeli among the world’s richest in term of capital, with an average of $150,000 per adult based on current exchange rates. But the number of Israeli millionaires didn’t grow very much in the 14 years, suggesting that the growth in wealth didn’t so much add to the rolls of the newly wealthy as it increased the wealth of those who were already at the top.

All told, the world’s wealth has more than doubled since 2000, to $263 trillion from $117 trillion. But although the Credit Suisse report was published by the bank’s Private Banking & Wealth Management division, it warned that the poor distribution of the world’s wealth risked sending the global economy into recession.

 

[Challenger]

More from "electronic inti-FARTA" about what French Mooooslems did?

Challenged donkeys will bray bray bray...

The Electronic Intefada achieved a huge boost to it's credibility and readership when it achieved 15 million page views recently, along with other pro-Palestinian sites like IMEMC. So much so that Zionist JSIL or it's minions launched a DDoS attack on these and other sites yesterday.

Proves conclusively the Zio-nuts are running scared when they try to censor the truth.

 

[Challenger]

Advertisement
Israeli household wealth grew 13% in year, among highest gains in world

From the same source:
"Income inequality in Israel is greater than in Britain and in Germany." and "Credit Suisse report warns that growing global wealth inequality poses recession risk." Economic bunbbles have a nasty habit of bursting.

 

[Roudy]

More from "electronic inti-FARTA" about what French Mooooslems did?

Challenged donkeys will bray bray bray...

The Electronic Intefada achieved a huge boost to it's credibility and readership when it achieved 15 million page views recently, along with other pro-Palestinian sites like IMEMC. So much so that Zionist JSIL or it's minions launched a DDoS attack on these and other sites yesterday.

Proves conclusively the Zio-nuts are running scared when they try to censor the truth.

Posting jerkoff articles from garbage Mooooslem sites like intiFARTA has nothing to do with the truth. That's what these sites do, post bullshit articles about Israel's imminent destruction for for people like you to jerk off to.

Keep jerking. LOL

 

[Roudy]

Advertisement
Israeli household wealth grew 13% in year, among highest gains in world

From the same source:
"Income inequality in Israel is greater than in Britain and in Germany." and "Credit Suisse report warns that growing global wealth inequality poses recession risk." Economic bunbbles have a nasty habit of bursting.

So? There is income "inequality " in almost every nation. Where it's most pronounced is Moooslem shitholes.

 

[Beelzebub]

Yeah. The 'Israel gas boon' is a good one.
The cash will mostly go to the 1% who are internationals (crooks) and will not benefit Israel a whole lot at all.

And that 13% wealth figure. I suspect that is 13% of total value across Israel, and is likely a shrinkage if presented per capita, as Israel's population keeps growing with all the breeding they try to do to beat the demographic time bomb. And I wonder if 13% is how much land that they annexed from Palestine that year?