Israel Economy

The Israeli economy with a population of 7.6 Million (Est 2010) ranks 30th in the world with a GDP PPP of 218 billion and GDP PPP per capita of 36,274 vs 47,123 (United States) according to the IMF in 2010. The Israeli currency is the New Israel Shekel (NIS) / ILS (₪‎). Bank deposits held for a fixed term in Israel are called fixed rate deposits. According to its estimated inflation was 3.3% in 2009 and 2.6% in 2010.