Israel Economy - 1986

GEOGRAPHICAL NAMES 

GNP: $25.9 billion Q985, in 1985 prices), $6,270 per capita; 1985 growth of real GNP 2.0%

Natural resources: copper phosphates, bromide, potash, clay, sand, sulfur, bitumen, manganese

Agriculture: main products—citrus and other fruits, vegetables, cotton, beef and dairy products, poultry products

Major industries: food processing, diamond cutting and polishing, textiles and clothing, chemicals, metal products, transport equipment, electrical equipment, miscellaneous

machinery, potash mining, high-technology electronics

Electric power: 4,750,000 kW capacity (1985); 15.504 billion kWh produced (1985), 3,755 kWh per capita

Exports $6.2 billion (f.o.b., 1984); major items—polished diamonds, citrus and other fruits, textiles and clothing, processed foods, fertilizer and chemical products, electronics; tourism is important foreign exchange earner

Imports. $8.9 billion (f.o.b., 1984); major items—military equipment, rough diamonds, oil, chemicals, machinery, iron and steel, cereals, textiles, vehicles, ships, and aircraft

Major trade partners: exports—US, UK, FRG, France, Belgium, Luxembourg, Italy; imports—US, FRG, UK, Switzerland Italy, Belgium, Luxembourg

Budget: public revenue $11.5 billion, expenditure $15.5 billion (FY82/83)

Monetary conversion rate: the Israeli pound was allowed to float on 31 October 1977; the shekel became the unit of account on 1 October 1980(1 shekel=10 Israeli pounds);

293.2 shekels=US$l (average conversion rate for 1984); 1,500 shekels=US$1 (official exchange rate year end 1985); new shekel introduced in September 1985 (1,000 old shekels= 1 new shekel)

Fiscal year: 1 April-31 March

NOTE: The information regarding Israel on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Israel 1986 information contained here. All suggestions for corrections of any errors about Israel 1986 should be addressed to the CIA or the source cited on each page.