Report by Israel

The State of Israel is an open, industrialized democracy. Since 1990, Israel has seen improvements in most economic indicators. Gross Domestic Product (“GDP”) increased on average by 4.3% annually from 2006 through 2011. This rate has exceeded the average growth rate of advanced economies. In 2009, as most of the world experienced a decline in GDP, Israel experienced a 0.8% growth in its GDP.