Israel’s hi-tech sector employs 9.2 percent of entire workforce

Projecting The Future
Projecting The Future

The percentage of people working in Israel’s hi-tech sector rose to 9.2 percent of the entire workforce by the end of 2019, compared with 8.7 percent in the previous year, the Israeli Innovation Authority (IIA) said Wednesday.

The number of hi-tech workers in Israel increased by 8.4 percent, from 296,100 in 2018 to 321,000 in 2019, according to a report, jointly published by the IIA and Israeli non-profit organization Start-Up Nation Central.

However, the low percentage of women in Israel’s hi-tech industries has hardly changed over the last decade, ranging between 33 and 35 percent.

Furthermore, in 2019, only 18 percent of hi-tech executives in Israel were women.

The data also show that wages in hi-tech sector in Israel were 2.5 times higher than the national average wage last year.

In addition, the number of multinational research and development (R&D) centers based in Israel jumped 144 percent from the beginning of the decade to the end of 2018.

Thus, in 2010 there were 155 multinational corporations’ R&D centers in Israel, and by the end of 2018 the number was 378. Enditem

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