A joint Spotlight by Aaron Institute for Economic Policy and Startup Nation Finder
Startup Nation Central, in partnership with the Aaron Institute for Economic Policy, is delivering a critical economic analysis of Israel’s tech ecosystem. Combining Central Bureau of Statistics (CBS) data with Finder’s ecosystem insights provides a detailed understanding of the sector’s current challenges and opportunities.
Key Findings
The high-tech sector employs 12% of the workforce, generates 20% of Israel’s GDP, accounts for roughly half of the country’s exports, and contributes 40% of the economic growth. This past year, the importance of the sector became undeniable. As highlighted in this report, 1.8% growth helped mitigate broader economic contraction, which stood at -1.2% in the first half of 2024. Without high-tech, the contraction would have been far worse.
Nonetheless, the slowdown in high tech, reflected in declining growth in high-tech exports and decline in employment, poses a serious threat.
H/T and full report: https://finder.startupnationcentral.org/reports/israeli-high-tech-exports-gdp
israeltrade.org.au 