The economy of Israel is advanced by global standards. Israel ranks within the top 20 nations in the world on the latest report of the UN's Human Development Index, which places it in the category of "Very Highly Developed", allowing the country to enjoy a higher standard of living than many other Western countries.
Despite being in the otherwise oil-rich Middle East, Israel is famously low on natural resources. The country's economic stability is largely due to its advanced high-tech sector and agriculture ...
mfa.gov.il/MFA/AboutIsrael/Economy/Pages/ECONOMY- Sectors of the Economy.aspx
The age of information technology (the Internet, electronic commerce, etc.) placed Israel's economy, and particularly its hi-tech industries, in the forefront of world development in these fields. A number of internationally recognized Israeli companies have been bought by top business conglomerates in multi-billion dollar transactions.
Israel's reputation as a country bereft of natural resources, surrounded by a sea of oil, is not entirely true. The Dead Sea contains rich deposits of minerals and there are major reserves of phosphates in the Negev desert. Together with local technological expertise and innovative industrial processes, these resources are the basis for a large and sophisticated chemicals industry.
The government of Israel is keen on promoting its mining sector, as well as ensuring a secure environment for investment in this industry. The Mining Unit of Israel managed by the Controller of Mines, which is responsible for the following: Ensuring an orderly supply of raw materials to the building and road construction industries around the ...
Israel is a popular spot for worldwide visitors, and the growth of the tourism industry has helped fuel the nation’s economy. According to the Ministry of Foreign Affairs, more than 3.3 million tourists visited Israel in 2014, matching the record-setting number from the year before.
What Are the Natural Resources of Israel? Israel's natural resources include crude oil, wood, copper, natural gas and minerals. Although Israel has these natural resources, they are mostly in small amounts that are not worth mining or otherwise attempting to extract, according to USA Today. ... israel resources and industry what is israel's ...
Israel’s diamond-cutting and polishing industry, centred in Tel Aviv, is the largest in the world and is a significant source of foreign exchange. The great majority of industries are privately owned, one exception being the government-run Israel Aircraft Industries, Ltd., a defense and civil aerospace manufacturer.
Since Israel’s independence in 1948, its chemicals industry has flourished thanks to the Dead Sea and the minerals it provides. A highly educated and skilled workforce makes this small nation a global power player in the pharmaceutical and electronics industries.
Israel is a small country with a relatively diverse topography, consisting of a lengthy coastal plain, highlands in the north and central regions, and the Negev desert in the south. Running the length of the country from north to south along its eastern border is the northern terminus of the Great Rift Valley.