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The economy of Israel is a highly developed free-market economy. [23] [4] [24] [25] [26] The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability with a full nuclear triad, modern infrastructure equivalent to developed countries, and a high-technology sector competitively on par ...
Despite high levels of wealth, a major factor affecting purchasing power is the high cost of living in Israel, which is higher than the OECD average. This is seen as having a significant impact on the middle and working classes. [24] However, the cost of living is on the decline. [25]
Israel: 19.2 19: Spain: 19 20: Taiwan: 18.9 Highest military expenditure, share of GDP. The following lists are of countries by military spending as a share of GDP ...
The conflict is expected to cost Israel around 255 billion shekels ($70.3 billion) by the end of 2025, equivalent to around 13% of GDP, according to the Bank of Israel.
Israel started the war “in the best economic condition” regarding government debt, which stood at a relatively modest 60% of GDP, Eckstein said. “We financed the war mainly with debt,” which has now risen to 62% but is still contained compared with France at 111% and in line with Germany at 63.5%.
The Bank of Israel calculated that the 2014 war in Gaza cost the economy 0.4% of gross domestic product, and the 2006 war in Lebanon pared 0.5%, said Professor Michel Strawczynski, an economist at ...
Israel's war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported on Sunday, citing preliminary Finance Ministry figures.
The economic toll of the war may cost Israel an estimated $400 billion in lost economic activity over the next decade – threatens Israel's economic future. For Israel, 90% of the economic shock will come from indirect effects: reduced investment, slowing productivity growth and labor market disruption. [24]