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Israel
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 12.07.2018

Vos conseillers à la Chambre de Commerce

  • Edith Stein
    +352423939482
  • Anne-Catherine Fohl
    +352423939372
Contactez-nous: middleeast@cc.lu

Indicateurs clés

Région
20,770 km2
Population
8,299,706 (July 2017 est.)
Type de gouvernement
parliamentary democracy
Langues
Hebrew (official), Arabic (used officially for Arab minority), English (most commonly used foreign language)
PIB
$315.6 billion (2017 est.)
Taux de croissance
3.1% (2017 est.)
IHD
19
Capitale
Jerusalem

 

Introduction

The State of Israel was declared in 1948, after Britain withdrew from its mandate of Palestine, the UN proposed partitioning the area into Arab and Jewish states, and Arab armies that rejected the UN plan were defeated. Israel was admitted as a member of the UN in 1949 and saw rapid population growth, primarily due to migration from Europe and the Middle East, over the following years. Israel fought wars against its Arab neighbors in 1967 and 1973, followed by peace treaties with Egypt in 1979 and Jordan in 1994. Israel and Palestinian officials signed a number of interim agreements in the 1990s that created an interim period of Palestinian self-rule in the West Bank and Gaza Strip, which Israel occupied in 1967. The most recent effort to negotiate final status issues took place in 2013-2014. Immigration to Israel continues, with 28,600 new immigrants, mostly Jewish, in 2016. The Israeli economy has undergone a dramatic transformation in the last 25 years, led by cutting-edge, high-tech sectors. Offshore gas discoveries in the Mediterranean, most notably in the Tamar and Leviathan gas fields, place Israel at the center of a potential regional natural gas market. However, longer-term structural issues such as low labor force participation among minority populations, low workforce productivity, high costs for housing and consumer staples, and a lack of competition, remain a concern for many Israelis and an important consideration for Israeli politicians. Prime Minister Benjamin NETANYAHU has led the Israeli Government since 2009; he formed the current center-right coalition following the 2015 elections.

Source: The CIA World Factbook - Israel

 

Indicateurs macroéconomiques

Growth is projected to strengthen to over 3½ per cent in 2018 and 2019. Support from fiscal easing, very low interest rates and a stronger external environment will boost demand and employment. In a tight labour market, rising wage pressures are projected to lead to a steady increase in inflation.

The monetary authorities must stand ready to gradually raise interest rates once inflation is sustainably back in the 1-3% targeted range. Higher social spending and expenditure on education and health care are welcome to foster more inclusive growth. The financing of these expenses with sufficient revenues would preserve budgetary room for manoeuvre and lower the risk of overheating. Reducing the existing large social disparities will be beneficial for growth, but will also requires intensifying structural reforms that improve the skills and productivity of disadvantaged groups.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
3.1632.5082.7822.9622.915
Gross domestic product, current prices
U.S. dollars (Billions)
308.767299.413311.739327.630341.978
Gross domestic product per capita, current prices
U.S. dollars (Units)
37,599.21235,743.46136,556.91937,778.16438,811.572
Inflation, average consumer prices
Percent change
0.476-0.600-0.5750.7951.636
Volume of imports of goods and services
Percent change
3.845-0.5016.1251.2593.800
Volume of exports of goods and services
Percent change
1.429-4.3001.9252.1743.500
Unemployment rate
Percent of total labor force
5.9505.2255.2425.2425.242
Current account balance
U.S. dollars (Billions)
12.47913.8869.5419.5248.759
Current account balance
Percent of GDP
4.0414.6383.0612.9072.561
Colored cells are estimates

Source: IMF Statistics - Israel

 

Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 13.12.2004 (Memorial 2006, A, no. 81, p.1446)
  • Effective as of 01.01.2004 (Memorial 2006, A, no. 81, p.1446)

Air Services agreement

  • Agreement from 06.14.1994 (Memorial 1995, A, p. 1646)
  • Effective as of 20.11.1995 (Memorial 1995, A, p. 2566)

Source: Administration des contributions directes

 

Plus d'informations

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Israel

Luxembourg is represented by Ambassade Royale des Pays-Bas à Tel Aviv

Honorary Consul

Honorary Consul with jurisdiction in Israel: Mr Miron Chaim IZAKSON
119, Rothschild Boulevard
IL-65271 Tel-Aviv
Tel: +972 3 68 55 092
Fax: +972 3 68 55 095
Email: management(at)amina.co.il

Luxembourg Trade and Investment Office in Tel Aviv

Mr Itai HORSTOCK
Guinevere Ltd.
113 Hashmonaim Street
Tel Aviv 67133 - Israel
Tel: (+972) 3 6225 445
Fax: (+972) 3 6225 448
Website: www.investinluxembourg.co.il

Source: Ministry of Foreign Affairs of Luxembourg

 

Country risk as defined by Office du Ducroire for Israel

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Israel

Luxembourg for Business market entry guide to Israel: Market entry guides are brochure series published by the Ministry of the Economy and Foreign. The series focuses on worldwide markets, industries and business environments, providing comprehensive and in-depth analysis and guidelines. The brochures cover all aspects relating to a market entry including the economic, financial and legal frameworks. The brochures are a vast knowledge pool, compiled into a practice oriented document with many tips and important addresses.

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