The top publicly traded company in Israel, by revenue, was Teva Pharmaceutical Industries. The company made 16 billion U.S. dollars in annual revenue by the first quarter of 2024. The second and third-highest ranked firms were the financial services Harel Group and Israel Chemicals, bringing in just over seven billion U.S. dollars each.
In 2023, the company with the highest revenues in Israel was Teva Pharmaceutical Industries. The firm brought in about 15.85 billion U.S. dollars in gross revenue that year. Israel Chemicals - ICL was second in the ranking, with 7.5 billion U.S. dollars in annual turnover. It was followed by Intel Israel with an estimated 6.8 billion U.S. dollars.
In 2023, there were almost 700,000 active businesses in Israel. That year, firms involved in professional, scientific and technical activities were the largest industry category, accounting for just over 20 percent of all businesses in the country. The second most numerous type of enterprise belonged to the automotive industry, with almost 100,000 businesses. In contrast, businesses involved in public administration, defense and social security, registered the lowest number of active businesses.
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Israel IL: GDP: % of Manufacturing: Food, Beverages and Tobacco data was reported at 11.217 % in 2014. This records a decrease from the previous number of 11.725 % for 2013. Israel IL: GDP: % of Manufacturing: Food, Beverages and Tobacco data is updated yearly, averaging 12.346 % from Dec 1963 (Median) to 2014, with 52 observations. The data reached an all-time high of 20.725 % in 1967 and a record low of 10.447 % in 2007. Israel IL: GDP: % of Manufacturing: Food, Beverages and Tobacco data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Food, beverages, and tobacco correspond to ISIC divisions 15 and 16.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;
Israel's employment landscape in 2023 reveals education as a leading sector, employing over 540,000 people. This prominence in education aligns with the country's projected growth in student enrollment, expected to double by 2060. The health and social work sector follows closely, employing just over 500,000 Israelis, reflecting the nation's expansive healthcare system and mandatory insurance policy. Labor force participation and unemployment trends The strong employment figures in education and healthcare are part of a broader trend in Israel's labor market. In 2023, labor force participation reached approximately 67 percent for men and 60 percent for women aged 15 and older. Concurrently, the country experienced a decrease in unemployment, reaching its lowest rate in recent years. This positive trend extended to youth unemployment, which also declined by 0.7 percentage points compared to the previous year. High-tech sector hiring slows While education and healthcare dominate employment figures, Israel's important technology industry continues to grow, albeit at a slower pace. In 2023, the sector added about 10,000 workers, reaching nearly 400,000 employees. However, this represented a significant drop in new hiring compared to the previous year. Factors such as a slowing of global venture capital markets and a controversial government-led judicial reform impacted the industry's expansion.
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This page displays a table with Israel Exports By Category in U.S. dollars, according to the United Nations COMTRADE database on international trade.
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The Report Covers Fruits and Vegetables Market in Israel and is Segmented Into Fruits and Vegetables. It Offers An Analysis of Production (Volume), Consumption (Value and Volume), Import (Value and Volume), Export (Value and Volume), and Prices. The Report Offers the Market Size in Both Value (USD) and Volume (Metric Tons) for all the Abovementioned Segments.
As of the first quarter of 2024, Bank Leumi was the most profitable publicly traded company in Israel. During the previous 12 months, the bank earned 3.54 billion U.S. dollars. The second highest-earning firm was Bank Hapoalim, making 3.04 billion U.S. dollars. Among the top 10 performers, five belonged to the banking sector.
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The Report Covers Israel Telecom Companies and the Market is Segmented by Services, Data and Messaging Services, and OTT and PayTV Services. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
The total gross domestic product (GDP) of Israel reached over 1.7 trillion Israeli shekels in 2023 (about 484 billion U.S. dollars). Advanced services, such as financial and scientific services, accounted for the largest share of GDP, reaching over 310 billion Israeli shekels (some 87 billion U.S. dollars). It was followed by the information and communications sector. By comparison, agricultural production amounted to only 24 billion Israeli shekels (about 6.8 billion U.S. dollars).
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Israel IL: GDP: % of Manufacturing: Textiles and Clothing data was reported at 1.942 % in 2014. This records a decrease from the previous number of 2.030 % for 2013. Israel IL: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 8.601 % from Dec 1963 (Median) to 2014, with 52 observations. The data reached an all-time high of 15.465 % in 1965 and a record low of 1.942 % in 2014. Israel IL: GDP: % of Manufacturing: Textiles and Clothing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;
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This chart offers an insightful look at the store count by category in Israel. Leading the way is Apparel, with 2.46K stores, which is 24.12% of the total stores in the region. Next is Home & Garden, contributing 1.31K stores, or 12.81% of the region's total. Beauty & Fitness also has a notable presence, with 901 stores, making up 8.83% of the store count in Israel. This breakdown provides a clear picture of the diverse retail landscape in Israel, showcasing the variety and scale of stores across different categories.
Apartment prices in Tel Aviv are the highest among the major cities in Israel. In the first quarter of 2023, the average cost of dwellings in Tel Aviv amounted to over 4.2 million Israeli shekels (roughly 1.13 million U.S. dollars). That was a slight rise compared to the previous quarter. The average price of apartments in the city slightly fluctuated but overall increased during the observed period. Due to the high housing prices in the city, many who wish to live in the city can afford only rented housing. The The number of households living in rented dwellings in Tel Aviv amounted to 110,000 in 2020, making it the most common type of residency that year.
High demand for housing in Tel Aviv
Tel Aviv is the financial and cultural capital of Israel. Important companies in the Israeli economy and most of the influential cultural institutions in Israel are located in the city. As a result, many are interested in living in the city permanently, so housing prices remain high and even rise. Tel Aviv is the most important city in the Israeli high-tech industry, one of the most essential industries in the Israeli economy. As a result, many of the industry workers live in the city. In 2022, StartupBlink ranked Tel Aviv first in its list of leading cities for startups in Israel, with a score of 54.89.
Residence in Jerusalem and Haifa is more affordable
Jerusalem, the largest city in Israel, offers more affordable housing than Tel Aviv. In the first quarter of 2023, the aaverage price of apartments in Jerusalem amounted to just over 2.5 million Israeli shekels (around 673,000 U.S. dollars). Although the price is lower than in Tel Aviv, many Israelis hesitate to reside there. Jerusalem has a traditional character; therefore, it has fewer leisure and nightlife options than Tel Aviv can offer. The standard price of dwellings in Haifa, the largest city in the northern part of Israel, is lower than both towns. In the same quarter, it reached almost 1.64 million Israeli shekels (approximately 440,000 U.S. dollars).
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The Report Covers the Israel Agriculture Market Report Size and is Segmented by Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Commercial Crops, and Fishery Consumables and Meat). Each Segment is Sub-Segmented Into Production Analysis (Volume), Consumption Analysis (Value and Volume), Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis. The Report Offers the Market Size in Value Terms in USD and Volume in Metric Tons for all the Abovementioned Segments.
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In 2024, the best company to work for in Israel was the semiconductor firm, Nvidia, according to a BDiCode ranking. Google was ranked as the second-best place of employment, followed by Microsoft. Finally, Check Point Software Technologies and Applied Materials Israel rounded out the top five best workplaces in the country. Among the ten companies listed, eight at part of the high-tech industry.
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The report covers Israel Life & Non-Life Insurance Companies and it is segmented by Insurance Type (Life Insurance and Non-Life Insurance) and Distribution channel (Direct, Agency, Banks, and Other Distribution Channels).
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The Report Covers Israel Home Appliance Manufacturers and it is segmented by product type (major appliances (refrigerators, freezers, dishwashing machines, washing machines, ovens, air conditioners, and other major appliances), small appliances (coffee/tea makers, food processors, grills and roasters, vacuum cleaners, and other small appliances), and by distribution channel (multi-branded stores, flagship stores, specialty stores, online, and other distribution channels). The report offers market size and forecasts for the Israel Home Appliance Market in volume (number of products) and value (USD million) for all the above segments.
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An in-depth analysis of the world's leading import markets for ceramic tiles, highlighting the United States, France, Germany, the United Kingdom, and Israel as key players in this sector.
In December 2024, over 256,000 people were employed in the construction industry in Israel. This represented a significant increase from a low point in November 2023. The construction industry in Israel is heavily reliant on foreign labor. Following the start of the Israel-Hamas war in October 2023, many foreign workers left the country, leading to temporary labor shortages.
The top publicly traded company in Israel, by revenue, was Teva Pharmaceutical Industries. The company made 16 billion U.S. dollars in annual revenue by the first quarter of 2024. The second and third-highest ranked firms were the financial services Harel Group and Israel Chemicals, bringing in just over seven billion U.S. dollars each.