Israel has a technologically advanced free market economy. Israel ranks within the top 20 nations in the world on the latest report of the UN's Human Development Index.
GDP growth reached 3.6% in 2018, supported by domestic demand, and is expected to remain strong in the upcoming years by 3.5% in 2019 and 3.3% in 2020.
Israeli industry excels in the production of chemical product, plastics and high-tech. Israeli diamond industry is one of the world's centers for diamond cutting and polishing, amounting to 23.2% of all exports. Israel has the highest number of scientists and technicians per capita in the world.
In recent years, the road network has been extensively expanded and improved to accommodate the rapid increase in the number of vehicles as well as to make even the most remote communities accessible. Haifa Port is one of the largest container ports on the Mediterranean Sea as well as a busy passenger terminal of Israel. Ben-Gurion International Airport is Israel's main and largest air terminal.