U.s. Department of Commerce

Business Opportunities in Israel U.s. Department of Commerce

The U. S. is Israel's largest single country trade partner. Since signing a Free Trade Agreement in 1985, Israel?US trade has grown eight-fold. Since 1995 nearly all trade tariffs between the U. S. and Israel have been eliminated. In 2013, GDP growth increased to 3.3%, from 2.9% in 2012. GDP growth in 2011 was 4.6% and 5.7% in 2010. Israel?s GDP in 2013 was $272.7 billion. In 2013, Per Capita GDP (PPP) increased 1.4% to 130,800 shekels ($36,200). In 2012, GDP per capita increased 1.5 percent. Israel?s 2013 inflation rate was 1.55%, down from 2.1% in 2012 and 2011. Israel?s 2013 unemployment rate was 6.2%, compared to 6.3% in 2012 and 5.6% in 2011. Exports of U. S. goods (not including diamonds) to Israel in 2013 were $8 billion, compared to $8.92 billion in 2012 and $8.02 billion in 2011. In 2010, exports of U. S. goods to Israel totaled $6.8 billion. U. S. imports from Israel (not including diamonds) in 2013 were $13.9, the same as in 2012. In 2011: $13.8 billion. U. S. imports from Israel in 2010 totaled $13.2 billion.