Sources at the Ministry of Finance and the Bank of Israel believe that if the rate of economic growth during 2005-2006 continues, within 10 years annual GDP per capita will reach $30,000, the current rate in western countries, provided that other countries, especially emerging markets, have lower rates of growth than Israel.
Israel’s current GDP per capita is $18,000, a figure which ranks it between 41and 50 out of 170 countries. It does not appear, however, that the long-term goal set by former Minister of Finance Benjamin Netanyahu of lifting Israel into the top 20 countries in terms of GDP per capita, will be achieved in the next decade.
Published by Globes [online], Israel business news - www.globes.co.il - on May 28, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006
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