Netanyahu Touts Israel For Surpassing Japan in GDP Per Capita

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Prime Minister Benjamin Netanyahu said Israel’s gross domestic product has grown to the point of surpassing even Japan’s.

Signs are everywhere that Israel’s growing in affluence.

Signs of Israel’s growing affluence are everywhere, from its busy production lines to its economic statistics in comparison to other countries.

The GDP is figured by dividing a country’s total economic output by the head count of its citizens — and in a matchup between Israel and Japan, it’s the Jewish state that’s coming out on top.

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The Jerusalem Post has more:

Israel has officially surpassed Japan when it comes to gross domestic product per capita, Prime Minister Benjamin Netanyahu said on Monday, a sign that the Jewish state is evermore affluent.

Israel enjoys GDP per capita of $42,120 – which is calculated by dividing the country’s total economic output by its number of people.

In contrast, Japan’s GDP per capita is $40,850.

Netanyahu’s remarks, made at a Likud party faction meeting, signal that the country’s growing economic clout and its booming hi-tech industry is overtaking, on a per-capita wealth basis, Japan’s vaunted consumer electronics and automobile manufacturing.

It’s yet another sign that Israel’s economy continues to outperform other peers in the West, including in the United States and the eurozone.

The world average for GDP per capita is $11,730, according to the International Monetary Fund, while advanced economies enjoy an average gross domestic product per capita of $48,970.

The prime minister added that unemployment was at an all-time low, or at 3.7% in February 2018. Many economists deem it a state of “full employment” – when the economy is such that all eligible people who want jobs can get one.

That said, income inequality in Israel continues to rise.

The increasing GDP per capita merely points to a growing pie, not necessarily that the pie is being divided more equitably.

And analysts from the IMF and Organization for Economic Co-operation and Development (OECD) warn that unless Israel makes more headway in reducing social and educational gaps in the ultra-Orthodox and Arab sectors, Israel’s economic growth and competitiveness will falter.

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Dennis
Dennis
5 years ago

I am not an economist, and I would defer to the experts for what Israel’s GDP effectively is and means, and certainly they have some of the problems that all free societies face and need to be addressed, but it should be clear to everyone that Israel consists of citizens who are industrious, productive and are living a reasonably decent life. The point of my last statement is simply more evidence that if the Arab world would finally accept this tiny nation and try to emulate that country’s approach , adopting a non-violent attitude and prompt their people to try to emulate the industry and productivity of Israel, it’s citizens will benefit immeasurably for the better. Instead, they want to destroy Israel and its people. The truth steers the Arabs directly in their face, and they still cannot accept what is in their best interests. We all must continue to root for Israel and reject the anti-Semitism that has become so prominent.

Suresh
Suresh
5 years ago
Reply to  Dennis

Agree. But like you Trump was conned by Abbas initially but when he found out the truth boy was he mad as hell at the jihadi http://bit.ly/2rOmfyJ

That’s when he decided enough is enough and that inspite of huge opposition led to shifting of Embassy to Jerusalem and No more funding to the jihadis.

Problem is their islamic idealogy and islamofascism.

IzlamDownpressesHumanity
IzlamDownpressesHumanity
5 years ago
Reply to  Suresh

Islam is fascism.

caliroxanne
caliroxanne
5 years ago
Reply to  Dennis

It would be even higher if Israel didn’t have to commit so much to its security and defense.

felix1999
felix1999
5 years ago
Reply to  caliroxanne

With Muslims on the loose, rational countries all have the same problem.

IzlamDownpressesHumanity
IzlamDownpressesHumanity
5 years ago
Reply to  caliroxanne

I can only imagine what the modern states of Israel and India would be like if it weren’t for their huge populations of muslum 5th columnists.

felix1999
felix1999
5 years ago
Reply to  Dennis

Their best interests are to please their Allah.
They are obsessed with it.
They are not rational like you.

carpe diem 36
carpe diem 36
5 years ago
Reply to  Dennis

The problem is that Israel’s neighbors are not smart enough or industrious enough to achieve even 10% of what Israel has accomplished. Their envy of Israel and their knowledge that they just cannot compete with its capable people is what makes them poor and backward.

IzlamDownpressesHumanity
IzlamDownpressesHumanity
5 years ago

Great news! Kick-a$$ Israel!

carpe diem 36
carpe diem 36
5 years ago

No!! Be proud, very proud, and live up to its aim to be a “light unto the nations”!!!

IzlamDownpressesHumanity
IzlamDownpressesHumanity
5 years ago
Reply to  carpe diem 36

Sometimes you have to open a can of whoop a$$ on those who don’t want to see that light (e.g. the Seleucids).

felix1999
felix1999
5 years ago

Oh oh! Should Israel be part of the next G7?
I include India, Russia, Israel, Germany, U.S., Japan and China.

Why have Italy, German, the U.K.and Germany when they are ONE BODY, the EU? Why have over representation of the EU? The EU countries are not independent countries any more under the EU.

Have Russia there to irk the globalist idiots and the uniparty about RUSSIAN COLLUSION that only exists with the DEMS.

VTS
VTS
5 years ago
Reply to  felix1999

That is higher than GDP per capita of United Kingdom ($39,900) and almost as high as Canada’s ($42,158)! Although, for 38 bucks I would not want deal with Falsedeau and freeze during winters.

TD
TD
5 years ago
Reply to  felix1999

I hope Israel becomes a SUPER POWER someday, with a strong alliance with US and UK.

A super power that can beat or deter even the Chinese and Russians.

R. Arandas
R. Arandas
5 years ago

May God bless the Jewish people now and forever!

carpe diem 36
carpe diem 36
5 years ago

What an incredible accomplishment! Japan is a very peaceful country, has no enemies who try to destroy it every day of the week, while Israel has nothing but enemies within and without.

Alleged-Comment
Alleged-Comment
5 years ago

The astounding phenomena of high intelligence people. Though Japan and Israel are small countries the output is PHENOMENAL.

Meanwhile, many countries thousands of times larger can’t even put together a paper clip. Shamefool breeds.

IzlamDownpressesHumanity
IzlamDownpressesHumanity
5 years ago

I wonder if this is less due to an increase in per-capita GDP for Israel as a decrease in per-capita GDP for JP, because JP is experiencing negative population growth at an increasing rate.

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