Gross Domestic Product $17,000 In 1997.

Israel's Gross Domestic Product (GDP) showed an increase of 1.9 percent in 1997. This increase left the GDP per capita in Israel at $ 17,000. Israel is by far the largest economy in the Levant region. The economy has grown from $ 52.3 billion in 1990 to $ 95 billion in 1997, The growth was fueled by the increases in private consumption and domestic investment. The key factor of this growth was the massive immigration from the former USSR which fostered consumer demand of durable and non-durable products, as well as housing and infrastructure investments. Between 1990 and 1997 more t