Israel’s Services Exports Fall
MEP: According to the GLOBES, Israel business arena, Israel’s services exports fell for the first time in 6 years during 2015. In comparison to 2014, with a 2.8% drop services exports last year totaled $34.4 billion.
The institute figures show the majority of the drop was sustained by the tourism industry, which fell 6%. It is clear that after the Israeli war on Gaza in summer of 2014, this country faced to many problems in tourism industry.
The report shows the decline of hotels income and how tourists are not willing to be in occupied territories.
Moreover the experts report the high-tech services exports fell by 2% compared to 2014. The institute officials declared that the drop was tied to the sharp 11% decrease in R&D exports, which fell to $3.8 billion.
