Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

 
 
Source
Central bank

Bank of Israel

International Reserves

US$ 74.874 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 245.955 billion (2011 estimate)

GDP (Purchasing Power Parity)

244.586 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-0.1% -0.6% 1.5% 5.1% 4.9% 5.7% 5.3% 4%
2009 2010 2011 2012*        
0.8% 4.8% 4.7% 2.7%        

*Estimate

GDP per capita - current prices

US$ 31,691 (2010 estimate)

GDP per capita - PPP

$31,515 International Dollars (2010 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.24% 0.26% 0.31% 0.3% 0.29%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 2.5% 
  • industry: 31.2% 
  • services: 64.7% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

4.4% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3.3%(2008) 2.7% 3.5% 2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
7.6% 6.7% 5.6%(2009) 6%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
77% 79.4% 76.1% 74.3% 74%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-3.4% -6% -4.6% -4% -3.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: A+

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$182.1 billion US$218.1 billion US$145 billion
Largest companies in Israel

Delek Group (Investment services), Israel Corp (Investment services), IDB Holding (Investment services), Bank Hapoalim (Major Banks), Bank Leumi (Major Banks), Teva Pharmaceutical Inds (Pharmaceuticals), Israel Discount Bank (Regional Banks), Mizrahi Tefahot Bank (Regional Banks), FIBI Holding (Regional Banks), Check Point Software (Software & Programming), Bezeq-Israeli Telecom (Telecommunications services) (2012)

 
 
Source
Current account balance

US$ -2.2 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-0.9% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

37% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.37%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.64% (2011)(2007)

(Data were released in 2012)

Total exports

US$64.74 billion (2012 estimate) 

Export commodities

machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel

Total imports

US$77.59 billion (2012 estimate) 

 
 
Source
Import commodities

raw materials, military equipment, investment goods, rough diamonds, fuels, grain, consumer goods

Exports - major partners

US 28.8%, Hong Kong 7.9%, Belgium 5.6%, UK 5%, India 4.5%, China 4% (2011)

Imports - major partners

US 11.8%, China 7.4%, Germany 6.2%, Belgium 6.1%, Switzerland 5.4%, Italy 4.2% (2011)

FDI inflows
2009 2010 2011
US$4,607 million US$5,510 million(2009) US$11,374 million(2009)
FDI outflows
2009 2010 2011  
US$693 million US$8,567 million US$2,998 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$11,316 million US$167 million(2009) US$5,863 million(2009) US$8,086 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Teva Pharmaceutical Industries Ltd, Ratiopharm International GmbH, Germany, $4.9 billion

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Teva Pharmaceutical Industries, Cephalon Inc, United States, $6.3 billion(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 38 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 41 out of 185 countries(2009)

Enforcing Contracts: 94 out of 185 countries

Registering Property: 144 out of 185 countries

Getting credit: 12 out of 185 countries

Protecting investors: 6 out of 185 countries

Trading across border: 10 out of 185 countries

Paying Taxes: 82 out of 185 countries

Dealing with Construction Permits: 139 out of 185 countries

Getting Electricity: 91 out of 185 countries

Resolving Insolvency: 47 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

26

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 48 Score: 67.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

22,072 km2 (2006)

Capital

Jerusalem (2009)

Currency

new Israeli shekels (ILS) (2009)

Government type

parliamentary democracy (2009)

Languages

Hebrew (official), Arabic used officially for Arab minority, English most commonly used foreign language

Religions

Jewish 76.4%, Muslim 16%, Arab Christians 1.7%, other Christian 0.4%, Druze 1.6%, unspecified 3.9% (2004)

Total population
1980 1990 2000 2012* 2017**
3.76 million 4.51 million 6.08 million 7.7 million 8.58 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
76.8% 88.6% 91.4% 91.9%
Population median age

30 years (2010)

Population growth rate

1.8% (2011)

Life expectancy

81 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

39.2 (2001)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

167.94% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

70% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

9.2572 (Data were released in 2012 and refer to 2009)

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