the israeli economy international perspective february 2013 ministry of finance a comparison of...
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The Israeli Economy
International Perspective
February 2013
Ministry of Finance
A comparison of recent economic developments in
Israel and the developed world,
2009-2012.
* Based on the available data. In the absence of data for the Euro Area, OECD data are presented.
2
GDP Growth Rate2009-2012
The cumulative GDP growth rate, in real terms.Source: OECD.
3
GDP Per Capita Growth Rate2009-2012
The cumulative GDP per capita growth rate, in real terms.Source: IMF, calculated by the MoF Economics and Research Department.
Investments’ growth Rate2009-2012
The cumulative fixed capital formation growth rate, in real terms. Source: OECD.
4
Exports’ Growth Rate2009-2011
The cumulative export of goods & services growth rate, in real terms.Source: OECD. 5
6
The Average General Government Deficit,2009-2012
The general government includes local authorities, the national insurance institute and other public entities.Source: OECD, Israeli Central Bureau of Statistics
7
Changes in the Debt to GDP Ratio 2009-2012
Percentage points change in the debt to GDP ratio.Source: OECD.
Israeli Government’s Bonds Yield2008-2012
8Yield rates of Israeli government bonds, by coin issued.Source: Bloomberg.
CountryCurrent Rating
Rating Change
Austria 1AA+
Belgium 1AA
France 1AA+
Germany 0AAA=
Greece 12CC
Ireland 4BBB+
Israel +A+
Italy 3BBB+
Japan 1A
The Netherlands -1
AAA
Portugal 5BB
Spain 5BBB+
Sweden 0AAA=
United Kingdom -1AAA
United States 1AA+
S&P Credit ratingIsrael and select OECD countries
9
An arrow represents upgrading (green) or downgrading (red) by one notch.
An orange arrow represents a negative outlook.
Source: S&P
The Israeli Labor Force International
Comparison
* Based on the available data. In the absence of data for the Euro Area, OECD data is presented.
11
Change in the number of employees2009-2012
The cumulative change in the number of employees, ages 15+Source: OECD
12
The Unemployment Rate2008-2012
Source: Eurostat, OECD, CBS. In January 2013 the unemployment rate in Israel was 6.5%, compared to 11.9% in the Euro Area
Euro AreaIsrael
13
Changes in The Unemployment Rate 2009-2012
Percentage points changes in the unemployment rate, ages 15+Source: OECD
14
Youth Unemployment2012
Source: OECD.
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Changes in Youth Unemployment2009-2012
Percentage points Changes.Source: OECD.
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Changes in The Participation Rate2009-2012
Percentage points changes in participation rate, ages 25-64. Source: OECD.
17
Participation Rate2008-2012
Participation rate, ages 25-64. Source: OECD.
18
Inequality in Israel2007-2011
Gini index for income inequality.Source: The Israeli National Insurance Institute.
19
Private Consumption Growth Rate (Standard of Living)2009-2011
The cumulative Private Consumption growth rate.Source: OECD, calculations by the MoF Economics and Research Department.