Economic Activities:
Petroleum refining, Chemicals, Heavy Industry (motor vehicles assembly, aircraft's, and armaments), also Metal processing, iron, and copper, Shipbuilding, Cement, Light Industry, Textiles, Food processing, and Tourism. Economic Systems: The Israeli economy has an advanced technology market economy. Some of the Economic Systems that are Open Markets, Limited Government, and The Rule of Law. Israel's economy is the 44th freest in the 2014 index. In the improvement of the overall score by 1.5 points due to the increase in 10 economic freedoms including business freedom, monetary freedom, property rights, and freedom from corruption. The Israel economy has been on a path of well-balanced recovery despite the challenging global economic environment. Exports: Israel is very famous for its trade and exports! The top three trade partners to Israel's trading are United States, China, and Belgium. Many of the goods traded are of great value but the top three exported goods are precious stones and metals, electrical machinery, and pharmaceuticals. Israel has the second-largest number of world start-up companies. Outside North America, Israel has the largest number of NASDAQ-listed companies. Money: Israeli currency is the New Israel Shekels. The coins are denominations of NIS10, NIS5, NIS2, NIS1, and 50 and 10 agorot. Foreign money or currency can be exchanged for Israeli shekels. It is preferred that you do keep some U.S. dollars just in case you come across something you need it for. With the American credit card you can withdraw the local currency for your trip if you have a local bank that is willing to take your money. Exchange rate in U.S. dollars: Israel is or has a very big tourists that want and come through the city. One New Israel Shekel is worth .25 cents in American or U.S.A. dollars. In Israel a Pizza that is for a family of 4 is 69.90. In U.S . dollars that is $19.91. That is a lot and we thought that $7 is a lot. Also in Israel a one-way bus ticket is less than 75 shekels or in U.S. dollars that is less than $20. |