CM June 2022
THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS
THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS
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COUNTRY FOCUS<br />
Israel: a land<br />
of diversity and<br />
opportunity.<br />
Biblical opportunities<br />
AUTHOR – Adam Bernstein<br />
THERE’S so much to say about Israel<br />
and it’s much more than most would<br />
expect from a land so detailed in the<br />
Bible.<br />
There’s evidence – near the Sea<br />
of Galilee – of man having settled<br />
1.5m years ago after dispersing from Africa, and<br />
also 120,000-year-old fossils of modern humans<br />
in northern Israel. 2000 years BCE the region<br />
was dominated by the Egyptians who were then<br />
followed by the Romans after whom came the<br />
Byzantines, Muslims, Crusaders and Mongols,<br />
Mamluks and Ottomans. More recently, a British<br />
Mandate controlled the area until the creation of<br />
the State of Israel in 1948.<br />
In other words, it’s almost impossible to<br />
succinctly summarise the history and background<br />
of Israel in a piece as short as this.<br />
But beyond Israel’s past is its present, and<br />
depending on a bystander’s perspective, it is either<br />
a legitimate state or an occupier of another’s<br />
land. While it’s outside the remit of this profile to<br />
discuss the underlying tensions in the region, an<br />
understanding of the region’s politics is helpful.<br />
This aside, Israel has been described by<br />
Thomson Reuters as: “one of the most robust and<br />
technologically advanced market economies in<br />
the world. The country enjoys a skilled and highly<br />
qualified labour force, and a concentration of<br />
venture capital allows the country to lead in all<br />
areas high-tech.”<br />
LOCATION<br />
Israel is geographically located on the eastern<br />
flank of the Mediterranean, south of Lebanon,<br />
west of Syria and Jordan and north of Egypt. In<br />
terms of landmass, it is narrow and short – 100km<br />
at its widest and just 400km top to bottom and<br />
occupies just 20,770 sq.km – excluding the land<br />
it captured in the 1967 Six-Day War. If all lands<br />
that Israel controls are included, it covers an area<br />
of 27,927 sq. km. Interestingly, the CIA World<br />
Factbook makes no distinction between land in<br />
the State of Israel itself and the land it controls.<br />
But no matter how Israel is viewed, it’s not a very<br />
large country.<br />
With a central position in the Middle East,<br />
temperatures and climate can vary. Coastal areas<br />
see cool wet winters but hot summers. The north<br />
and northern Negev is arid with hot summers,<br />
cool winters, and little rain. In contrast, the<br />
south of the Negev is more desert-like with very<br />
hot summers and very little in the way of rain.<br />
With a central<br />
position in the<br />
Middle East,<br />
temperatures and<br />
climate can vary.<br />
Coastal areas see<br />
cool wet winters but<br />
hot summers. The<br />
north and northern<br />
Negev is arid with<br />
hot summers, cool<br />
winters, and little<br />
rain.<br />
The more mountainous parts of the country –<br />
including Jerusalem – often see snow.<br />
THE PEOPLE<br />
Demographically speaking, estimates of Israel’s<br />
population vary according to source. World<br />
Population Review cites UN data which counts<br />
the population at 8.89m currently (May <strong>2022</strong>);<br />
the Jewish Virtual Library reckons it to be around<br />
9.45m.<br />
The population is set to reach 10m by the end<br />
of 2024, according to Israel's Central Bureau<br />
of Statistics. The US Government expects that<br />
number to rise to 13m by 2040.<br />
It’s ethnically quite diverse with – again, quoting<br />
2019 CIA data – 74.1 percent of the population<br />
being Jewish (of which 78.1 percent were born<br />
in Israel; 15.2 percent from Europe, the US and<br />
Oceania; 4.3 percent from Africa; 2.4 percent from<br />
Asia); 21 percent Arab; and 4.9 percent classified<br />
as other.<br />
Hebrew is the official language spoken,<br />
but Arabic and English are spoken too – the<br />
latter being the most used. As for age and sex<br />
distribution, <strong>2022</strong> data from the U.S. Census<br />
Bureau’s International Database, points to Israel<br />
being a young country with a median age of 30.4<br />
years. It also highlights that 26.76 percent of its<br />
people are aged 14 or under; 15.67 percent aged<br />
15-24; 37.2 percent aged 25-54 years; 8.4 percent<br />
aged 55-64 years; and 11.96 percent over 65 years.<br />
The ratio of males to females in each grouping is<br />
similar.<br />
The World Bank lists the birth rate as being<br />
2.9 children per woman (2020 data) which is<br />
much higher than that for the West which sits<br />
around 1.2 to 1.7 children per woman.As to<br />
levels of urbanisation, most – some 92.5 percent<br />
according to World Bank 2020 data – live in<br />
urban environments. That rate has been stable<br />
since 2010. In terms of where the population<br />
lives, 2019 data from the Israel Central Bureau of<br />
Statistics, estimates that 936,425 live in the capital<br />
Jerusalem, 460,613 in Tel Aviv-Yafo and 285,316 in<br />
Haifa. There are another six conurbations with<br />
more than 200,000 residents, seven with between<br />
100,000 and 200,000, and 57 with between 18,000<br />
and 97,000 inhabitants. On top of that are,<br />
according to the Embassy of Israel in Georgia,<br />
some 267 kibbutz (agricultural communities) with<br />
around a combined 150,000 people, and some 441<br />
moshavim (settlements) with a combined 315,000<br />
residents.<br />
Brave | Curious | Resilient / www.cicm.com / <strong>June</strong> <strong>2022</strong> / PAGE 24