Macroeconomic performance has been solid
Effective exchange rates and export performance
Better Life Index (BLI) reflects the great diversity of the Israeli population
Monetary policy indicators
Financial indicators, 2014
Household debt is low, and the risk profile of new mortgages has been reduced
The general government accounts have strengthened
Revised medium-term fiscal targets
Cutting public expenditures has led to inadequate spending in some key sectors
Productivity gap and TFP
Trade openness is relatively low and product market regulation stringent
The productivity gap between the exposed and sheltered sectors is large and price levels high
Tariff and non-tariff trade barriers are high
Regulation in retail trade is restrictive
The banking sector has an oligopolistic market structure
The economic benefits of boosting average education are potentially large
Resources and outcomes in education have increased, but further progress is needed
The employment rate has increased, but wage growth has been quite sluggish
Supply conditions in the housing market have improved somewhat
The ageing process and public pension costs are quite moderate
The employment rate of seniors has risen strongly, but their poverty rate remains high
GHG emissions have risen less than GDP