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High-tech work force rises 2% in 2010

The Central Bureau of Statistics also reported that business output in the sector rose 5.3% last year.

Reprinted from globes.co.il

The increase in GDP (gross domestic product) in the business sector in 2010 did not reflect the rate of growth in the information technology field (IT). Israel’s Central Bureau of Statistics reported that the GDP in the IT field totaled NIS 73 billion in 2010, up 2% from 2009. This is compared with a rise of 5.3% in the market’s business output sector.

The Central Bureau of Statistics reported that the disappointing increase in 2010 does not accurately reflect the situation. According to statistics from the last decade, the annual increase in the IT sector is estimated at 5%, as compared with an increase in 4% from the business output sector. Export industries totaled $18.8 billion, 27% of all export products and services.

Exports in the IT field decreased significantly compared with 2009, when the proportion of exports was 31%. But apparently it is 2009 that was the exception, since the average export rate in IT from 1997-2010 was 24% of all exports, which means that 2010′s rate of 27% was not bad at all in comparison.

Improved situation

The data reflect economic behavior in the relevant sectors according to the definitions in OECD countries for the IT sector. According to the data, the number of people employed in this sector began growing in 2010, and provided jobs for an additional 7,000 people, an increase of 3%, as compared with a decrease of 2,000 jobs in 2009. In total, about 218,000 people are employed in the IT sector (or 174,000 excluding communication services), about 6.8% of all employees in the market (5.4% excluding communication services).

According to the data, the bulk of the increase in new employees was felt in service related fields such as computing services and start-up companies, which mainly provide pre-sales R&D. The number of employees in this category increased 3,700. This improvement is also reflected regarding salaries, which grew about 2.5% in 2010, and amounted to an average of NIS 243,000 a year. The sectors that stand out are R&D services, communications hardware, and industrial and medical equipment.

By allowing palestinian authority elections to take place in Israel’s capital city, he is caving in to demands to re-divide the Holy City…He is tacitly accepting the claims of those that would take our heritage from the Jewish People…Does he have the right or the authority?…

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