{"id":2598,"date":"2023-05-31T09:44:13","date_gmt":"2023-05-31T09:44:13","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?page_id=2598"},"modified":"2023-05-31T09:44:14","modified_gmt":"2023-05-31T09:44:14","slug":"high-tech-output-from-engine-to-railcar","status":"publish","type":"page","link":"https:\/\/innovationisrael.org.il\/en\/high-tech-output-from-engine-to-railcar\/","title":{"rendered":"High-Tech Output \u2013 From Engine to Railcar"},"content":{"rendered":"\n<p><strong>For decades, the Israeli high-tech industry was considered the growth engine of the Israeli economy. Indeed, in the past, high- tech output grew at a significantly higher pace compared to other sectors, leading the overall GDP growth of the Israeli economy.<\/strong><\/p>\n\n\n\n<p>Commissioned by the Authority, the Central Bureau of Statistics computed updated data about high-tech output (2019 data is still not complete), presented in Figure 1.3. The data suggests that in recent years, high-tech output growth was in line with overall GDP growth. The Israeli high-tech industry is no longer a \u201cgrowth engine\u201d. It is now one of many railcars, growing at a similar pace to other sectors.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/innovationisrael.org.il\/files-en\/inline-images\/1.3.jpg\" alt=\"Figure 1.3: Annual Growth Rate, GDP and High-Tech (1996-2019)\" width=\"619\" height=\"302\"\/><\/figure><\/div>\n\n\n<p>Figure 1.4 presents the growth of high-tech output by sub-sector, and indicates that the high-tech commodities sub-sector is the main source of the slowdown in high-tech output. Figure 1.4 also shows that since 2013, while software and R&amp;D output continues to grow at a higher pace than to the GDP, the output of high-tech goods has been declining and growing at a slower pace than the GDP.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/innovationisrael.org.il\/files-en\/inline-images\/1.4.jpg\" alt=\"Figure 1.4: Growth Rate, GDP and High-Tech Subsectors (2008-2019)\" width=\"709\" height=\"354\"\/><\/figure><\/div>","protected":false},"excerpt":{"rendered":"<p>For decades, the Israeli high-tech industry was considered the growth engine of the Israeli economy. Indeed, in the past, high- tech output grew at a significantly higher pace compared to other sectors, leading the overall GDP growth of the Israeli economy. Commissioned by the Authority, the Central Bureau of Statistics computed updated data about high-tech [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"class_list":["post-2598","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High-Tech Output \u2013 From Engine to Railcar - English Innovation Site<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/innovationisrael.org.il\/en\/high-tech-output-from-engine-to-railcar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High-Tech Output \u2013 From Engine to Railcar - English Innovation Site\" \/>\n<meta property=\"og:description\" content=\"For decades, the Israeli high-tech industry was considered the growth engine of the Israeli economy. Indeed, in the past, high- tech output grew at a significantly higher pace compared to other sectors, leading the overall GDP growth of the Israeli economy. 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