Diplomatic representation in the US:
chief of mission: Ambassador Salai MERIDOR chancery: 3514 International Drive NW, Washington, DC 20008 telephone: [1] (202) 364-5500 FAX: [1] (202) 364-5607 consulate(s) general: Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador James B. CUNNINGHAM embassy: 71 Hayarkon Street, Tel Aviv 63903 mailing address: PSC 98, Box 29, APO AE 09830 telephone: [972] (3) 519-7575 FAX: [972] (3) 516-4390 consulate(s) general: Jerusalem; note - an independent US mission, established in 1928, whose members are not accredited to a foreign government
Flag description:
white with a blue hexagram (six-pointed linear star) known as the Magen David (Shield of David) centered between two equal horizontal blue bands near the top and bottom edges of the flag
Economy
Israel
Economy - overview:
Israel has a technologically advanced market economy with substantial, though diminishing, government participation. It depends on imports of crude oil, grains, raw materials, and military equipment. Despite limited natural resources, Israel has intensively developed its agricultural and industrial sectors over the past 20 years. Israel imports substantial quantities of grain but is largely self-sufficient in other agricultural products. Cut diamonds, high-technology equipment, and agricultural products (fruits and vegetables) are the leading exports. Israel usually posts sizable trade deficits, which are covered by large transfer payments from abroad and by foreign loans. Roughly half of the government's external debt is owed to the US, its major source of economic and military aid. Israel's GDP, after contracting slightly in 2001 and 2002 due to the Palestinian conflict and troubles in the high-technology sector, has grown by about 5% per year since 2003. The economy grew an estimated 5.4% in 2007, the fastest pace since 2000. The government's prudent fiscal policy and structural reforms over the past few years have helped to induce strong foreign investment, tax revenues, and private consumption, setting the economy on a solid growth path.
GDP (purchasing power parity):