The State of Israel is a country in the Middle East on the eastern edge of the Mediterranean Sea. It is a parliamentary democracy.
Israel, located in Southwest Asia, is a country whose exact territorial boundaries and borders are widely disputed.
The territory Israel controls, including the West Bank and Gaza Strip, borders the states of Lebanon, Syria, Jordan, and
Egypt. Israel shares the coastlines of the Mediterranean, the Gulf of Aqaba, and the Dead
Sea. Israel has a technologically advanced market economy with substantial government participation. It depends on imports of fossil fuels, grains, beef, raw materials, and military equipment. Despite limited natural resources, Israel has intensively developed its agricultural and industrial sectors over the past 20 years. Israel is largely self-sufficient in food production except for grains and beef. Diamonds, high-technology, military equipment, software, pharmaceuticals, fine chemicals, and agricultural products (fruits, vegetables, and flowers) are leading exports. Israel usually posts sizable current account deficits, which are covered by large transfer payments from abroad and by foreign loans. Israel possesses extensive facilities for oil refining, diamond polishing, and semiconductor fabrication.