Israel Opportunity 2008 Conference for International Investors in London
The Israeli Economy Stanley Fischer Bank of Israel June 2008
Growth Rate of GDP 2000-2008* % * 2008 – BOI Forecast.
Rate of Inflation in Last 12 Months and Inflation Targets, 1992-2008 %
Bank of Israel Interest Rate, Inflation Expectations*, and the Fed’s interest Rate, 2004-2008 % *For 12 months, as derived from the capital market.
Budget Deficit * (percentage of GDP, 2000-2007) % * Percent of GDP; excluding credit extended. Until 1996, domestic deficit; from 1997, total deficit. *The data from 2000 refer to the deficit excluding the Bank of Israel’s profits.
Public Sector Debt , Percentage of GDP, 2000-2007 ( year-end ) %
The Nominal and the Real Exchange Rate 2008 - 1997 Shekel / Dollar Exchange Rate 01/01/1997-20/06/2008 The Real Exchange Rate by Trading Partners (100=01/1997, 01/1997-06/2008) 108.9 NIS *The Nis/$ chart is on a daily basis, while the real exchange rate chart is on a monthly basis. <ul><ul><ul><li>A rise in the index indicates depreciation. </li></ul></ul></ul><ul><ul><ul><li>The figure for June 2008 is calculated from spot exchange rates known for the half-month, our forecast CPI from the monthly model, and an extrapolation of inflation in the countries whose currencies are in the currency basket. </li></ul></ul></ul><ul><ul><ul><li>SOURCE: IFS data. For February 2008 to June 2008, Bank of Israel calculations. </li></ul></ul></ul>
Current Account of Balance of Payments as Percentage of GDP, 1995-2008 (Annual) <ul><li>SOURCE: Balance of Payments, Central Bureau of Statistics. </li></ul>
Openness of the Israeli Economy (percentage of GDP, 1995-2008*) % *Goods and Services. Source: National accounts, CBS. * BOI Forecast