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France 24

Business

Charles PELLEGRIN

Three years after October 7 attacks, Israel's economy shows its strength

Israel GDP Gaza

Cover image: BUSINESS © FRANCE 24

After shrinking briefly in the aftermath of the October 7, 2023 attacks, Israel's GDP is predicted to grow by 4 percent this year. The country's tech sector – specifically its defence startups – has played a big part in this performance but challenges, notably demographic ones, are on the horizon. Meanwhile, the destruction caused by Israel's war in Gaza has reduced GDP per capita in the Palestinian enclave by 83 percent and reconstruction plans there have yet to begin.

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