Independence Days

N. S.
December 2007
Red Herring;12/1/2007, Vol. 4 Issue 30, p36
Trade Publication
The article discusses the role of high-technology exports in the economic success of Israel. The Israeli economy is now in its fifth straight year of rapid economic growth. During the first six months of 2007, it grew by 6.6 percent. This year's per capita gross domestic product is projected to place Israel 18th among industrialized economies in terms of purchasing power parity. The high technology sector has been growing at 10 to 20 percent since 2003. With only a small local market, Israeli tech lives on exports. In 2006, high tech accounted for 48 percent of the country's nearly $30 billion in industrial exports.


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