Israel's economy was originally based on a socialist model, in which the Histadrut
People voting in an election. Israel is a parlimentary democracy, divided into six administrative districts.
trade union was the most powerful organization, controlling most of agriculture, industry, and health care. In the past few decades, Histadrut's power has been diluted as the country has adopted more capitalist policies. The economy today is based largely on advanced technology. Its high-tech firms play an important role in the global economy, and foreign investment in these firms is abundant. Despite its limited natural resources, the country has become nearly self-sufficient in food production (with the exception of grains). Still, agriculture accounts for only 2 percent of the GDP and employs roughly 2 percent of the labor force. Services account for 81 percent and industry for 17 percent. The Israeli economy grew significantly during the 1990s, thanks to an influx of skilled immigrants and growth in the technology sector. While 2000 was the most financially successful year in Israel's history, gains in prosperity, and particularly foreign investments, feel somewhat tenuous after the recent outbreaks of violence. Israels main exports are farm products such as olive oil , wine, and grains, also dry nuts such as almonds , perfume and spices. Israels imports were raw materials such as tin ,lead , silver, copper, iron, gold and timber,and white linen cloth. Israel had econiomic losses during the 1980's.
US Dollar = 7.51152 Israeli New Shekel
