cipation:
BIS, BSEC (observer), CERN (observer), EBRD, FAO, IADB, IAEA, IBRD,
ICAO, ICC, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM,
IPU, ISO, ITU, ITUC, MIGA, OAS (observer), OPCW (signatory), OSCE
(partner), PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNWTO, UPU, WCO,
WHO, WIPO, WMO, WTO

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 Richard H. JONES
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, which is its major
source of economic and military aid. The bitter Israeli-Palestinian
conflict; difficulties in the high-technology, construction, and
tourist sectors; and fiscal austerity in the face of growing
inflation led to small declines in GDP in 2001 and 2002. The economy
rebounded in 2003-05, growing at a 4% rate each year, as the
government tightened fiscal policy and implement