Over time, Israel's GDP per capita has receded in relation to that of developed countries, in terms of purchasing power parity, according to comparative figures produced by the Taub Center for Social Policy Studies in Israel. The center's figures are based on data from the World Bank and the International Monetary Fund.
Although Israel's GDP per capita has risen 79% in terms of purchasing power parity in the past fifteen years, reaching $25,000 in 2004 compared with $14,000 in 1990, Israel nevertheless fell two places in that period to third form bottom among a selected group of thirteen countries.
At present, Israel is ahead of only two countries, Greece and Portugal. Greece has a per capita GDP of $22,000, and Portugal $19,000.
GDP per capital in terms of purchasing power parity in Ireland grew 3.33 times in the period surveyed, to reach $40,000, compared with $12,000 at the start of the period. Ireland overtook the US, Norway, Switzerland, France, Italy, and Germany to reach first place.
In 1990, Ireland was in third last place, preceded even by Israel and Spain. Now, Israel's GDP per capita in terms of purchasing power parity is 37% lower than Ireland's.
Published by Globes [online], Israel business news - www.globes.co.il - on December 26, 2005