(April 29, 2025 / JNS) Minister of Economy and Industry Nir Barkat expressed strong optimism about Israel’s economic future at the JNS International Policy Summit in Jerusalem on Monday.
Speaking with JNS CEO Alex Traiman, Barkat predicted that Israel’s annual trade would rise from $150 billion today to $1 trillion within 15 to 20 years, representing about 10% growth per year. “When we get there, Israel’s a superpower,” he said.
Barkat also addressed the impact of 18 months of war on the economy, saying Israel is already “exiting” the dip caused by the conflict and seeing “high interest” from global markets. He cited praise from OECD Secretary-General Mathias Cormann, who recently commended Israel’s resilience.
Regarding the Abraham Accords, Barkat said the framework is ready to expand, mentioning Saudi Arabia and Indonesia as potential new partners.