IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Israel Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Jerusalem

22 2022

23

24

25

3,360 2022

Exchange rate (per $)

26

27

9,66 2022 39 522,7 2022 27 51.422 2022 27 6,3 2022 12 4,40 2022 12 4,00 2022 20 4,24 2022 41 3,78 2022 18 235,6 2021 28 4,46 2021 17

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Increase competition in the business sector. • Reduce the price index, especially in food products. • Increase business sector productivity, especially in the trade and services markets. • Decrease public sector bureaucracy and its impact on the price index. • Invest in peripheral infrastructure, including education, transportation etc.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: The Federation of Israeli Chambers of Commerce, Tel-Aviv

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

7

10 6

20

23 28

29 30 24 24

24

28 31 26

30

35

37 36

40

59

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

16

16

15

16

17

17

17

17

18

18

83