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Israel's technology sector continued to be a major driver of the country's economy in 2024, employing over ** people. Among the various technology industries, computer programming ranked first in job creation, with about ** workers. It was followed by computer and electronics manufacturing with * employees. The centrality of the tech industry is further underscored by its world-leading investment in research and development, which reached *** percent of GDP.

Global startup ecosystem leadership

Israel has grown to become a global center for tech startups, ranking worldwide in 2024, according to StartupBlink's Global Startup Ecosystem Index. This puts Israel behind only the United States and United Kingdom, highlighting its outsized impact given its relatively small size. Within Israel, Tel Aviv stands out as the primary hub, ranking in the country and globally among the best cities for startups.

Investment landscape picking up?

After a significant slowdown in venture capital investments in recent year, the Israeli VC market showed signs of recovery in 2024. That year, the total value of capital investment was estimated to exceed **** billion U.S. dollars, a ** percent annual increase. The cybersecurity vertical was the leading driver of this growth, followed by startups in the field of generative AI.