EconomyIsrael is a very advanced country and has the 24th largest economy in the world. The major economic sectors are agriculture, finance, technology, energy, electricity, industry , telecommunications, transportation and tourism. The major industrial sectors include metal products, electronic and biomedical equipment, processed foods, chemicals, and transport equipment. Israel diamond industry is one of the world's centers for diamond cutting and polishing. Israel is a world leader in software, telecommunication and semiconductors development. Israel exports its good globally and has signed free trade agreements with many countries.
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