The Israeli Ministry of Economy (Ministry) The Ministry of Economy is the government department responsible for commerce, industry and labor in Israel, established in 1948, initially named the Ministry of Commerce and Industry, and then underwent several mergers and name changes, eventually forming the current structure.

The Israeli Ministry of Economy plays an important role in policy making and has initiated several projects to In 2015, Israel ranked 22nd in the world with a GDP per capita of $35,700.