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$ 81,786 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 306 billion (2014 estimate)

GDP (Purchasing Power Parity)

287 billion of International dollars (2014 estimate)

Real GDP growth
2005 2006 2007 2008 2009 2010 2011 2012
4.9% 5.8% 6.9% 4.5% 1.2% 5.7% 4.6% 3.4%
2013 2014*            
3.3% 3.2%            

*Estimate

GDP per capita - current prices

US$ 38,004 (2014 estimate)

GDP per capita - PPP

$35,659 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.24% 0.26% 0.31% 0.31% 0.32%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.5% 
  • industry: 31.2% 
  • services: 66.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

4.4% (2011)

 

Inflation
2010 2011 2012 2013 2014*
2.7% 3.5% 1.7% 1.5% 1.6%

*Estimate

Unemployment rate
2010 2011 2012 2013 2014*
8.3% 7.1% 6.9% 6.4% 6.7%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
71.5% 69.7% 68.2% 66.7% 66.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.6% -4.2% -3.9% -3.2% -2.9%

*Estimate   

Government bond ratings

Standard & Poor's: A+

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 22 2014)

Market value of publicly traded shares
2010 2011 2012
US$218.1 billion US$145 billion US$148.4 billion

2010 Estimate   2012 Estimate

Largest companies in Israel

Teva Pharmaceutical Inds, Bank Hapoalim, Bank Leumi, Delek Group, Check Point Software, Israel Corp, Mizrahi Tefahot Bank, Israel Discount Bank, IDB Holding, FIBI Holdings

 
 
Source
Current account balance

US$ 4.319 billion (2014 estimate)

Current account balance by percentage of GDP

1.413% of GDP (2014 estimate)

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

36.2% (2012)

(Data released on Oct 2014)

Shares in world total merchandising export

0.34% (2012)

 

Shares in world total commercial services export

0.7% (2012)

(Data were released in 2014)

Total exports

US$60.67 billion (2013 estimate) 

Export commodities

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

Total imports

US$ 67.03 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

US 27.8%, Hong Kong 7.7%, UK 5.7%, Belgium 4.6%, China 4.3% (2012)

Imports - major partners

US 12.9%, China 7.3%, Germany 6.3%, Switzerland 5.5%, Belgium 4.8% (2012)

FDI inflows
2011 2012 2013
US$ 10,766 million US$ 9,481 million US$ 11,804 million
FDI outflows
2011 2012 2013  
US$ 5,329 million US$ 2,352 million US$ 4,932 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 5,929 million US$ 8,720 million US$ -2,210 million US$ 676 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

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

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 35 out of 189 countries (2013)

Subcategories:

Starting a business: 35 out of 189 countries

Enforcing Contracts: 93 out of 189 countries

Registering Property: 151 out of 189 countries

Getting credit: 13 out of 189 countries

Protecting investors: 6 out of 189 countries

Trading across border: 10 out of 189 countries

Paying Taxes: 93 out of 189 countries

Dealing with Construction Permits: 140 out of 189 countries

Getting Electricity: 103 out of 189 countries

Resolving Insolvency: 35 out of 189 countries

(2013)

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

27

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 44 Score: 68.4 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+2

Total area

20,770 sq km

Capital

Jerusalem
note - Israel proclaimed Jerusalem as its capital in 1950, but all other countries, maintains its embassy in Tel Aviv

Currency

new Israeli shekels (ILS)

Government type

parliamentary democracy

Languages

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

Religions

Jewish 75.1%, Muslim 17.4%, Christian 2%, Druze 1.6%, other 3.9% (2012 est.)

Total population
1990 2000 2010 2014* 2019**
4.499 million 6.014 million 7.373 million 8.044 million 8.969 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
76.8% 89% 91% 92%
Population median age

29.9 years (2014 est.)

Population growth rate

1.46% (2014 est.)

Life expectancy

81.28 years (2014 est.)

Adult literacy

97.1% (2004 estimate)

% of population living on less than $2 a day

0.7% (2010)

Inequality of wealth distribution (Gini index)

42.8 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2012)

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

Total telephone subscribers as % of population

Fixed 44.8%   Mobile 122.8% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)
 

Internet users as % of total population

70.80% (2013)

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)

Tel Aviv 18th (2014)

CO2 emissions(Metric tons of CO2 per capita)

9.3 (2010)

Best US Regional Banks

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World’s Best Investment Banks

World's Best Subcustodian Banks

World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

2012

Best of…

World’s Best Trade Finance Banks

Additional Awards