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ISRAEL AT WAR - DAY 570

OECD

Finance Minister Bezalel Smotrich (left) meets with Secretary General Mathias Cormann in Jerusalem, April 2, 2025. (Shlomi Amsalem/GPO)
April 2, 2025, 2:09 pm
OECD sees Israel economy grow above global average in 2025, warns of high cost of living
Israel needs to address infrastructure gaps, improve educational outcomes and labor‑market participation among ultra‑Orthodox and Arabs, organization says
By Sharon Wrobel
The Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)
April 2, 2025, 12:51 pm
OECD urges higher carbon tax, especially on natural gas, to boost move to renewables
Noting that power generation in Israel uses highest share of fossil fuels in OECD, report says emissions from this sector are ‘strongly underpriced by international standards’
By Sue Surkes
Illustrative photo of Jaffa Street in Jerusalem, on November 14, 2024. (Nati Shohat/Flash90)
December 11, 2024, 2:54 pm
Israeli skills in literacy, math and problem-solving ‘below OECD average’ – report
Results of the OECD 2023 Survey of Adult Skills show Israelis who scored highest in everyday math abilities reported better wages, health and life satisfaction
By Gavriel Fiske
IDF troops operate at the Litani River in the eastern sector of southern Lebanon, in a handout image released on November 26, 2024. (Israel Defense Forces)
December 4, 2024, 11:59 pm
OECD cuts Israel growth forecast as costs of war expected to continue to mount
The Paris-based organization says risks remain high and urges the government to take fiscal action to bring the deficit down
By Sharon Wrobel
Israeli children seen on the first day of school at the Gabrieli Carmel School in Tel Aviv on September 1, 2024. (Avshalom Sassoni/Flash90)
September 10, 2024, 6:48 pm
Israel among highest in education expenditure as measured against GDP — study
Israel has the highest percentage of youth population among developed countries, and despite expenditure, school classes remain larger and students study fewer days
By Gavriel Fiske
A street in the Christian quarter of the Old City of Jerusalem, usually lined with restaurants and shops, sits empty amid Israel's war against Hamas in Gaza and the halt to international tourism to the city, December 14, 2023. (Gianluca Pacchiani/Times of Israel)
August 22, 2024, 6:50 pm
Israel’s economy sees biggest slowdown among OECD countries as war drags on
The rate of economic growth shrank to 0.3% in the April-June quarter from 4.1% in the previous quarter, compared to steady overall growth of 0.5% in the OECD
By Sharon Wrobel
A bird's eye view of MATAM, Haifa's premier technology park where Amazon, Google, Yahoo, Intel, Microsoft and other tech giants have locations. (CC BY 3.0)
July 29, 2024, 10:27 pm
Israel plans to enact global minimum tax of 15% on multinational corporates
Israel will be joining 140 countries in collecting a minimum tax from global tech giants such as Intel, Google, and Microsoft, which have been benefiting from reduced rates
By Sharon Wrobel
Illustrative: Bread for sale at the Rami Levy supermarket in Jerusalem on July 17, 2022. (Yonatan Sindel/Flash90)
July 2, 2024, 9:42 am
Food and beverage prices in Israel are 52% higher than OECD average
Data shows consumer prices in Israel second only to South Korea among 38 developed countries; telecom prices are the only bright spot, at 30% cheaper than average
By ToI Staff
A woman pushes a stroller as she walks past a placard indicating the location where a new cultural complex will be built, in the West Bank settlement of Beit El, May 1, 2019. (Gili Yaari /Flash90)
June 21, 2024, 8:47 am
Israel’s birth rate remains highest in OECD by far, at 2.9 children per woman
Israel is forum’s only member state reproducing above replacement rate; report cites high Haredi rate, but even among secular population it is higher than in any other OECD country
By Reuters and ToI Staff
Illustrative photo of Israeli high school students taking an exam, in Tel Aviv on June 29, 2020. (Avshalom Sassoni/Flash90)
June 18, 2024, 11:02 am
OECD study shows Israeli teens excel at ‘creative thinking’
Israel places 20th in international study conducted in 63 countries, but results illustrate huge gaps between Hebrew and Arabic speakers
By Gavriel Fiske
People take part in an anti-Israel demonstration in Surabaya, Indonesia, on November 17, 2023. (Juni Kriswanto / AFP)
April 11, 2024, 9:56 am
Indonesia ready to normalize ties with Israel as part of bid to join OECD – official
Head of economic forum said to broker deal that could see world’s largest Muslim nation establish relationship in exchange for Jerusalem smoothing way into developed countries club
By Joshua Davidovich
Tables and chairs at a restaurant that has closed in Sderot, Oct. 25, 2023 (AP Photo/Maya Alleruzzo)
November 29, 2023, 8:06 pm
OECD cuts Israel growth forecast due to war, sees temporary slowdown in economy
International economic organization lowers Israeli GDP forecast to 2.3% in 2023 and 1.5% in 2024, due to pronounced reduction in private consumption and investment growth
By Sharon Wrobel
Illustrative. Heatwave. (iStock by Getty Images)
November 20, 2023, 11:39 am
Israel predicted to sweat in 35° Celsius heat 80 days a year toward century’s end
Report also forecasts around 145 tropical nights per year during which average temperatures will not drop below 20°, making it harder for buildings to cool down
By Sue Surkes
Illustrative: The Mir Yeshiva in the ultra-Orthodox neighborhood of Mea Shearim, Jerusalem, September 19, 2023. (Arie Leib Abrams/Flash90)
October 3, 2023, 5:19 pm
OECD calls on Israel to end subsidies for yeshiva students, boost employment
Global organization finds ‘socioeconomic gaps remain wide,’ says Haredi and Arab communities underrepresented in high tech; also criticizes renewable energy efforts
By ToI Staff
Illustrative: Products on shelves at a Carrefour Israel supermarket. (Courtesy)
August 27, 2023, 8:43 pm
Israel’s cost of living the highest among OECD countries in 2022, data shows
Cost of living index shows price levels in Israel last year were 38% higher on average than in member countries of the OECD
By Sharon Wrobel
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