Israel’s high tech industry is on its way to recovery according to figures published today (Tuesday) by the Central Bureau of Statistic.
According to the figures, Israel’s high-tech output rose 5.3% in 2003, accounting for 62% of the total 1.5% gain in business product in 2003.
The high-tech recovery follows two years of contractions, with high-tech output shrinking 7% each year.
High-tech exports totaled $10.2 billion in 2003, a quarter of Israel’s entire exports of goods and services, stabilizing after falling by $4 billion in 2001-2002.
High-tech employment also remained stable at a weekly average employment of 159,000 people in 2003, the same as in 2002. High-tech sectors accounted for 8% of all business sector employment in 2003.
The number of employees in some leading high-tech sectors has even risen. Employment was up 1,600 in software, R&D, and start-ups, up 800 in telecommunications services, and up 500 in electronic components.
According to the figures, Israel’s high-tech output rose 5.3% in 2003, accounting for 62% of the total 1.5% gain in business product in 2003.
The high-tech recovery follows two years of contractions, with high-tech output shrinking 7% each year.
High-tech exports totaled $10.2 billion in 2003, a quarter of Israel’s entire exports of goods and services, stabilizing after falling by $4 billion in 2001-2002.
High-tech employment also remained stable at a weekly average employment of 159,000 people in 2003, the same as in 2002. High-tech sectors accounted for 8% of all business sector employment in 2003.
The number of employees in some leading high-tech sectors has even risen. Employment was up 1,600 in software, R&D, and start-ups, up 800 in telecommunications services, and up 500 in electronic components.