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CM June 2022

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

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