Israel, world leader in the number of employees in the high-tech sector

The number of employees in this sector has increased by 8% over the last year

For the first time in Israel’s history, the high-tech sector accounted for more than 50% of the country’s exports in 2021, now standing at 54%, while, another first, more than 10% of Israelis are now working in the high-tech sector, according to a report by the Israel Innovation Authority.

Israel, according to the report, is a world leader for the percentage of citizens working in the high-tech field, with 362,000 employees in industry who make up 10.4% of the country’s workforce.

For comparison, the percentage of the overall workforce in high technology is 9.2% in Ireland, 5.7% in Sweden, 5.5% in Great Britain, 5.3% in Germany and 4.3% in the Netherlands.

The number of employees in this sector in Israel has increased by 8% over the last year (which represents 27,000 new workers).

However, public investment in research and development in Israel is the lowest among OECD member countries.

Israel is ranked first among OECD countries for spending on research and development relative to gross domestic product, but it is ranked last in terms of the percentage of government spending on research and development in relation to its overall spending in this domain.

Additionally, Israel slipped to 15th place in the Global Innovation Index ranking for 2021, down from 10th place in 2019.

According to the report, over the past year, Israeli startups raised a record $27 billion in funding in 2021, more than double the previous year’s total.

A third of high-tech companies in Israel, which employ around 25% of all workers in the sector, are located in Tel Aviv.

Jerusalem is mainly home to small and medium-sized high-tech companies, and Haifa is mostly home to large multinational corporations. Beersheva, in southern Israel, is the fastest growing city in terms of start-ups.

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