Tel-Aviv-Yafo, Tel Aviv District, Israel

Economy

๐Ÿ‡ฎ๐Ÿ‡ฑ Tel-Aviv-Yafo, often referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline, it is the economic and technological centre of the country.

Tel Aviv is governed by the Tel Aviv-Yafo Municipality, headed by Mayor Ron Huldai, and is home to many foreign embassies. Tel Aviv has the third- or fourth-largest economy and the largest economy per capita in the Middle East. The city currently has the highest cost of living in the world. Tel Aviv receives over 2.5ย million international visitors annually. A "party capital" in the Middle East, it has a lively nightlife and 24-hour culture. Tel Aviv has been called The World's Vegan Food Capital, as it possesses the highest per capita population of vegans in the world, with many vegan eateries throughout the city. Tel Aviv is home to Tel Aviv University, the largest university in the country with more than 30,000 students.

The city was founded in 1909 by the Yishuv (Jewish residents) as a modern housing estate on the outskirts of the ancient port city of Jaffa, then part of the Mutasarrifate of Jerusalem within the Ottoman Empire. It was at first called 'Ahuzat Bayit' (lit. "House Estate" or "Homestead"), the name of the association which established the neighbourhood. Its name was changed the following year to 'Tel Aviv', after the biblical name Tel Abib adopted by Nahum Sokolow as the title for his Hebrew translation of Theodor Herzl's 1902 novel Altneuland ("Old New Land"). Other Jewish suburbs of Jaffa established before Tel Aviv eventually became part of Tel Aviv, the oldest among them possibly being Neve Tzedek. Tel Aviv was given "township" status within the Jaffa Municipality in 1921, and became independent from Jaffa in 1934. After the 1947โ€“1949 Palestine war Tel Aviv began the municipal annexation of parts of Jaffa, fully unified with Jaffa under the name "Tel Aviv" in April 1950, and was renamed to "Tel Aviv-Yafo" in August 1950.

Immigration by mostly Jewish refugees meant that the growth of Tel Aviv soon outpaced that of Jaffa, which had a majority Arab population at the time. Tel Aviv and Jaffa were later merged into a single municipality in 1950, two years after the Israeli Declaration of Independence, which was proclaimed in the city. Tel Aviv's White City, designated a UNESCO World Heritage Site in 2003, comprises the world's largest concentration of International Style buildings, including Bauhaus and other related modernist architectural styles.

Economy Tel Aviv has been ranked as the twenty-fifth most important financial centre in the world. As it was built on sand dunes in an area unsuitable for farming, it instead developed as a hub of business and scientific research. In 1926, the country's first shopping arcade, Passage Pensak, was built there. By 1936, as tens of thousands of middle class immigrants arrived from Europe, Tel Aviv was already the largest city in Palestine. A small port was built at the Yarkon estuary, and many cafes, clubs and cinemas opened. Herzl Street became a commercial thoroughfare at this time.

Economic activities account for 17 percent of the GDP. In 2011, Tel Aviv had an unemployment rate of 4.4 percent. The city has been described as a "flourishing technological center" by Newsweek and a "miniature Los Angeles" by The Economist. In 1998, the city was described by Newsweek as one of the 10ย most technologically influential cities in the world. Since then, high-tech industry in the Tel Aviv area has continued to develop. The Tel Aviv metropolitan area (including satellite cities such as Herzliya and Petah Tikva) is Israel's centre of high-tech, sometimes referred to as Silicon Wadi.

Tel Aviv is home to the Tel Aviv Stock Exchange (TASE), Israel's only stock exchange, which has reached record heights since the 1990s. The Tel Aviv Stock exchange has also gained attention for its resilience and ability to recover from war and disasters. For example, the Tel Aviv Stock Exchange was higher on the last day of both the 2006 Lebanon war and the 2009 Operation in Gaza than on the first day of fighting Many international venture-capital firms, scientific research institutes and high-tech companies are headquartered in the city. Industries in Tel Aviv include chemical processing, textile plants and food manufacturers.

The Kiryat Atidim high tech zone opened in 1972 and the city has become a major world high tech hub. In December 2012, the city was ranked second on a list of top places to found a high tech startup company, just behind Silicon Valley. In 2013, Tel Aviv had more than 700 startup companies and research and development centres, and was ranked the second-most innovative city in the world, behind Medellรญn and ahead of New York City.

According to Forbes, nine of its fifteen Israeli-born billionaires live in Israel; four live in Tel Aviv and its suburbs. The cost of living in Israel is high, with Tel Aviv being its most expensive city to live in. In 2021, Tel Aviv became the worlds most expensive city to live in, according to the Economist Intelligence Unit.

Shopping malls in Tel Aviv include Dizengoff Center, Ramat Aviv Mall and Azrieli Shopping Mall and markets such as Carmel Market, Ha'Tikva Market, and Bezalel Market.

Asia/Jerusalem/Tel_Aviv_District 
<b>Asia/Jerusalem/Tel_Aviv_District</b>
Image: Adobe Stock Leonid Andronov #142579251

Tel-Aviv-Yafo has a population of over 460,613 people. Tel-Aviv-Yafo also forms part of the wider Gush Dan metropolitan area which has a population of over 4,055,000 people. For the location of Tel-Aviv-Yafo see: Tel Aviv.

To set up a UBI Lab for Tel-Aviv-Yafo see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Twin Towns, Sister Cities Tel-Aviv-Yafo has links with:

๐Ÿ‡ฐ๐Ÿ‡ฟ Almaty, Kazakhstan ๐Ÿ‡ช๐Ÿ‡ธ Barcelona, Spain ๐Ÿ‡จ๐Ÿ‡ณ Beijing, China ๐Ÿ‡ท๐Ÿ‡ธ Belgrade, Serbia ๐Ÿ‡ฉ๐Ÿ‡ช Bonn, Germany ๐Ÿ‡ญ๐Ÿ‡บ Budapest, Hungary ๐Ÿ‡ฆ๐Ÿ‡ท Buenos Aires, Argentina ๐Ÿ‡ซ๐Ÿ‡ท Cannes, France ๐Ÿ‡ฒ๐Ÿ‡ฉ Chiศ™inฤƒu, Moldova ๐Ÿ‡จ๐Ÿ‡ณ Chongqing, China ๐Ÿ‡ฉ๐Ÿ‡ช Cologne, Germany ๐Ÿ‡ฉ๐Ÿ‡ช Essen, Germany ๐Ÿ‡ฉ๐Ÿ‡ช Frankfurt, Germany ๐Ÿ‡ฉ๐Ÿ‡ช Freiburg im Breisgau, Germany ๐Ÿ‡จ๐Ÿ‡ณ Guangzhou, China ๐Ÿ‡ฐ๐Ÿ‡ท Incheon, South Korea ๐Ÿ‡น๐Ÿ‡ท ฤฐzmir, Turkey ๐Ÿ‡ฎ๐Ÿ‡น Milan, Italy ๐Ÿ‡จ๐Ÿ‡ฆ Montreal, Canada ๐Ÿ‡ท๐Ÿ‡บ Moscow, Russia ๐Ÿ‡บ๐Ÿ‡ธ New York, USA ๐Ÿ‡ต๐Ÿ‡ฆ Panama City, Panama ๐Ÿ‡ซ๐Ÿ‡ท Paris, France ๐Ÿ‡บ๐Ÿ‡ธ Philadelphia, USA ๐Ÿ‡ท๐Ÿ‡บ Saint Petersburg, Russia ๐Ÿ‡บ๐Ÿ‡ธ San Antonio, USA ๐Ÿ‡ง๐Ÿ‡ฌ Sofia, Bulgaria ๐Ÿ‡ฌ๐Ÿ‡ท Thessaloniki, Greece ๐Ÿ‡ซ๐Ÿ‡ท Toulouse, France ๐Ÿ‡ฆ๐Ÿ‡น Vienna, Austria ๐Ÿ‡ต๐Ÿ‡ฑ Warsaw, Poland ๐Ÿ‡ฏ๐Ÿ‡ต Yokohama, Japan ๐Ÿ‡ต๐Ÿ‡ฑ ลรณdลบ, Poland
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Antipodal to Tel-Aviv-Yafo is: -145.22,-32.08

Locations Near: Tel-Aviv-Yafo 34.78,32.08

๐Ÿ‡ฎ๐Ÿ‡ฑ Tel Aviv 34.78,32.08 d: 0  

๐Ÿ‡ฎ๐Ÿ‡ฑ Tel Aviv-Yafo 34.783,32.067 d: 1.5  

๐Ÿ‡ฎ๐Ÿ‡ฑ Givatayim 34.81,32.071 d: 3  

๐Ÿ‡ฎ๐Ÿ‡ฑ Ramat Gan 34.816,32.084 d: 3.4  

๐Ÿ‡ฎ๐Ÿ‡ฑ Bnei Brak 34.833,32.083 d: 5  

๐Ÿ‡ฎ๐Ÿ‡ฑ Bene Beraq 34.833,32.083 d: 5  

๐Ÿ‡ฎ๐Ÿ‡ฑ Bat Yam 34.743,32.028 d: 6.8  

๐Ÿ‡ฎ๐Ÿ‡ฑ Holon 34.775,32.011 d: 7.7  

๐Ÿ‡ฎ๐Ÿ‡ฑ Petah Tikva 34.881,32.09 d: 9.5  

๐Ÿ‡ฎ๐Ÿ‡ฑ Herzliya 34.841,32.164 d: 10.9  

Antipodal to: Tel-Aviv-Yafo -145.22,-32.08

๐Ÿ‡ต๐Ÿ‡ซ Papeete -149.566,-17.537 d: 18340.1  

๐Ÿ‡ฆ๐Ÿ‡ธ Pago Pago -170.701,-14.279 d: 16759.5  

๐Ÿ‡น๐Ÿ‡ด Nuku'alofa -175.216,-21.136 d: 16808.1  

๐Ÿ‡ผ๐Ÿ‡ธ Apia -171.76,-13.833 d: 16641.1  

๐Ÿ‡บ๐Ÿ‡ธ Hilo -155.089,19.725 d: 14159.5  

๐Ÿ‡บ๐Ÿ‡ธ Maui -156.446,20.72 d: 14023.6  

๐Ÿ‡บ๐Ÿ‡ธ Kahului -156.466,20.891 d: 14004.5  

๐Ÿ‡บ๐Ÿ‡ธ Maui County -156.617,20.868 d: 14003.8  

๐Ÿ‡บ๐Ÿ‡ธ Wailuku -156.505,20.894 d: 14003.4  

๐Ÿ‡บ๐Ÿ‡ธ Honolulu -157.85,21.3 d: 13929.2  

Bing Map

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