Lynn: on the eve of the 58th day of independence, Israel’s economy is stable and dynamic

This growth is also reflected in Israel’s foreign trade imports rose from NIS 43.4 billion in 1970 to NIS 204 billion in 2005
 
Chambers of Commerce president Uriel Lynn said last week that a study carried out by the economic department of the Federation of Israeli Chambers of Commerce for Israel’s 58th Independence Day reveals that Israel’s business product grew from NIS 74 billion in 1970 to NIS 400 billion in 2005.
 
This growth is also reflected in Israel’s foreign trade imports rose from NIS 43.4 billion in 1970 to NIS 204 billion in 2005 and exports rose from NIS 18.6 billion in 1970 to NIS 167.5 billion in 2005
Israel’s workforce has also expanded from 960,000 persons in 1970 to 2.5 million in 2005.

Lynn added that Israel’s economy was one of the most dynamic and  stable economies in the developed world today. Lynn also noted that due to its economic performance in recent years Israel was expected to join the OECD.