This essay Israel's Economy has a total of 333 words and 2 pages.
Israelís economy stands on natural resources. Copper and salt can be found
there. Also, natural chemicals like potash and phosphates come from the Dead Sea
area. Israel is one of the top producers rubber, plastics and chemicals. Also,
clay and sand come naturally to Israel. Scientists have proven that Israel can
grow fruits and vegetables in its hot and dry deserts. That gives them a bigger
amount of plants to sell and help their economy. Citrus fruits and vegetables
help a great deal to Israelís economy no matter where theyíre grown.
Israelís economy needs a little help but their natural resources do quite a
bit for them. Israel depends on trading with other countries and manufacturing
goods in order to have the things they need. Israelís main trading partners
are England, America, Germany, Italy and France. In fact, one third of the
countryís exports go to The US. Clothing and other household goods are
manufactured in Israel but are mostly not traded because the country is unable
to make enough of an abundance. The clothing industry employs over 46,000
workers in Israel. Israel is also the top exporter of cut and polished diamonds.
Products for the military have to be manufactured because of their political
state. The only vehicles manufactured in Israel go to their armed forces,
forcing them to import all of their cars. Israel produces electronics like laser
equipment, image processing devices and fiber optic materials. Israel trades
great amounts and manufactures great amounts. All of this gives them a better
economy. Israel has huge amounts of tourism. More than 2,000,000 tourists visit
the country every year. Tourism is one of Israelís most profitable industries.
People travel to Israel because of their religion, to visit family or for just
sight seeing. In 1986, 929631 tourists traveled to the country by air. All of
those tourists earned Israeli airlines a total of over 210 million dollars all
in one year. Recently, tourism has declined but still, 20 percent of Israelís
visitors each year come from the United States. The number of tourists helps the
economy because there are many sights.
Topics Related to Israel's Economy
Eastern Mediterranean, Israel, Republics, Foreign relations of Israel, Economy of Israel
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