Average Israeli income tax rate among lowest in OECD
Israel’s per capita GDP is almost $20,000 in terms of purchasing power parity.
Israel’s rating by British financial weekly “The Economist” among the world’s 25 emerging economies has again improved.
”The Economist” rate Israel third in per capital GDP in terms of purchasing power parity (PPP), at almost $20,000. Israel’s per capita GDP is 31% less than Hong Kong’s $28,800, the leading emerging economy. Hong Kong’s per capital GDP is only 23% less than the US’s $37,500 per capita.
The only other emerging economy ahead of Israel in per capita GDP is Singapore, with $25,000. Israel is ahead of 22 emerging economies, including South Korea, the Czech Republic, Hungary, Saudi Arabia, Poland, Chile, Mexico, Malaysia, Russia, Brazil, Thailand, Turkey, Columbia, Peru, and China. Despite its rapid growth rate, per capita GDP in China is only $5,000 in terms of purchasing power parity (PPP), 25% of that in Israel, and one eighth that in the US.
The emerging economies with the lowest per capita GDP, ranging from $5,000 to less than $1,000, are Venezuela, the Philippines, Egypt, Indonesia, India, and Pakistan.
Published by Globes [online] - www.globes.co.il - on October 3, 2004
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