Presentation is loading. Please wait.

Presentation is loading. Please wait.

LOGO The Economy in Israel Ministry of Finance June 2012.

Similar presentations


Presentation on theme: "LOGO The Economy in Israel Ministry of Finance June 2012."— Presentation transcript:

1 LOGO The Economy in Israel Ministry of Finance June 2012

2 Outline of the Deficit

3 Budget Deficit Israel and selected countries, Source: IMF, Ministry of Finance. Germany Israel France SpainGreece United Kingdom United States

4 Simulated Outline of Debt-to-Product Ratio Based on the Deficit and Expenditure Outline 4 New outline – 3.5% average growth New outline – 4.0% average growth

5 Year Summary 4.8%Growth 7.0%Unemployment (based on the new index*) 211.3Income from taxes (NIS billions) 3.3%Deficit (percentage of product) 74.2%Debt (percentage of product) 5 *The recent amendment of the method of the workforce survey by the Central Bureau of Statistics resulted in an upward adjustment of unemployment rates.

6 Projection for % Growth 221 Income from taxes (NIS billions) 3.4% Deficit (percentage of product) 73.8% Debt (percentage of product)

7 Product Growth Source: Central Bureau of Statistics.

8 Product Growth – Global Comparison Source: OECD, Central Bureau of Statistics. 8 Germany China Chile Israel KoreaBrazil Australia United States France United Kingdom Japan

9 Increase in Real Investments Between the years , the volume of investments grew by some 33%. Source: OECD, Central Bureau of Statistics. *The projection for 2012 is based on OECD data.

10 Increase in Real Investments, Global Comparison Germany China Chile Israel Korea Australia United States France United Kingdom Japan Source: OECD, Central Bureau of Statistics. China – based on IMF data.

11 Unemployment and Rate of Participation The high growth rates recorded in the economy and the reduction in transfer payments since 2003 increased the rate of participation 11 Right axis Rate of participation Left axis Unemployment rate

12 Unemployment Rate United States Eurozone (12 countries) Israel The data for 2012 are the existing available data, and in Israel are based on the new index. Source: BLS, CBS, EUROSTAT.

13 Creation of Jobs in Israel Increase in the Number of the Employed and of Available Jobs, in Thousands 13

14 S&P Credit Rating Israel and Western Europe, Change in ratingCurrent ratingCountry AA+Austria BBB+Italy 4X BBB+Ireland AABelgium = AAAUnited Kingdom = AAAGermany = AAAThe Netherlands 12X CCGreece A+A+Israel BBB+Spain 5X BBPortugal AA+France = AAASweden 14 *An arrow represents the rise or decline of the rating by one level.

15 Real Rate of Product Growth *Includes an updated projection for 2012 at the rate of 3.2%.

16 16 Average growth 3.6% *Updated projection. Real Rate of Product Growth

17 Share of the Workforce* in the Population *Population of ages Source: Demographic projections of CBS, analyses by Economics and Research Division.


Download ppt "LOGO The Economy in Israel Ministry of Finance June 2012."

Similar presentations


Ads by Google