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Israel Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
8,424,904 (July 2018 est.)GDP (PPP)
$317.1 (2017 est.)GDP growth rate
3.30% (2017 est.)Healthy and quite stabe growth rate
GDP (PPP) per capita
$36,400 (2017 est.)Medium to high. High income inequality.
Local currency
Israeli new shekel (ILS)Stable currency
Financial stability (Public debt)
60.9% of GDP (2017 est.)Medium to high, and decreasing. It was more than 90% in 2002
Inflation
0.2% (2017 est.)Low
Language
Hebrew (official) and Arabic (used officially for Arab minority)English is widely spoken
Corruption perception index (Source: Transparency International)
Rank 34/180Medium level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
17% standard VAT rateCorporate Tax
23% standard rateReduced rates are applicable for some investment with high return of know-how, occupation, strategic R&D, etc
Duties
Rates of duties depends upon their classification and country of originIsrael signed free-trade agreements with: USA, Canada, Mexico, European Union, and EFTA (European Free Trade Association)
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