Exclusive of military expenditures, a total of $240,800,000–an amount equal to 40 percent of the country’s national income–was invested in capital goods in Israel last year, the Economic Department of the Jewish Agency reported today.
“Israel’s spending on capital development in 1949 is one of the largest in relation to national income of any country in the world,” the report said. “Aside from public works projects, private capital dominated the capital investment field during the year. More than 60 percent of the capital invested in projects other than public works came from private sources. Listle more than half of the private capital invested originated in Israel. United States private capital dominated the foreign investment field in Israel by accounting for about $25,000,000 worth of investments during the year.”
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
