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



Ihre Berater der Handelskammer

Edith Stein

Kontaktieren Sie uns: middleeast@cc.lu


Kennzahlen

Fläche
21,937 km2
Bevölkerung
8,787,045 (July 2021 est.)
Regierungsform
parliamentary democracy
Sprachen
Hebrew (official), Arabic (special status under Israeli law), English (most commonly used foreign language)
BIP
$401.954 billion (2020 est.)
Wachstumsrate
-2.4% (2020 est.)
HDI
19
Hauptstadt
Jerusalem

Makroökonomische Indikatoren

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 descriptor 2018 2019 2020 2021 2022

Gross domestic product, constant prices

Percent change

3.441

3.132

3.069

3.160

3.093

Gross domestic product, current prices

Percent change

(Billions)

370.588

387.717

410.501

433.165

457.448

Gross domestic product per capita, current prices

Percent change

(Units)

41,728.191

42,823.307

44,474.065

46,033.387

47,685.679

Inflation, average consumer prices

Percent change

0.807

1.049

1.280

1.830

1.943

Volume of imports of goods and services

Percent change

6.436

4.369

4.508

4.254

4.480

Volume of exports of goods and services

Percent change

5.563

3.759

2.906

3.507

3.788

Unemployment rate

Percent change

4.000

3.991

3.991

4.123

4.161

Current account balance

Percent change

(Billions)

10.093

9.114

10.385

10.984

11.528

Current account balance

Percent change

2.724

2.351

2.530

2.536

2.520

Estimates

Source: IMF Statistics - Israel


Luxemburg und das Land

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

 


Weitere Informationen

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

Beit Asia 5ft floor
4 Weizmann St.
IL-65271 Tel-Aviv
Israel

Tel.: (+972) 3 68 55 092
E-Mail: management@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.

Other Useful Links:

 


Die Handelskammer und das Land