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October 25, 2014 / 1 Heshvan, 5775
At a Glance

Posts Tagged ‘OECD’

Israel GDP Expected to Grow More than US’s in Next 50 Years

Monday, November 12th, 2012

Israel’s gross domestic product is expected to grow at a much higher annual rate than the United States for the next 48 years, according to a report by the OECD.

In the report “Looking to 2060: Long-Term Global Growth Prospects”, the OECD predicted that Israel’s average annual rate of growth between now and 2060 would be approximately 2.6% – the US growth is expected to grow at 2.1% in the next 50 years.

The report showed that India and China would grow by leaps and bounds – 5.1% and 4.1% respectively.

Israel Ranked World’s 2nd Most Educated Country

Wednesday, September 12th, 2012

According to a new study released Tuesday, Israel is the world’s second most educated country, after Canada.

The “Education at a Glance 2012” report analyzing members of the OECD found that

46% of all 25-64 year-olds in Israel have a higher education. Canada rated 51%, with the third highest – Japan – following at 45%.  The United States has a higher education rate of 42%, with the average OECD state registering 30%.

Israel also ranked high in the percentage of graduates of upper secondary education and the number of hours children spend in the classroom.

Israelis Among ‘Most Satisfied’ in Developed World

Thursday, May 31st, 2012

A recent survey of the OECD’s (Organization for Economic Cooperation and Development) 34 countries suggests that Israelis are enjoying a Scandinavian-level quality of life, with Israel ranking sixth in ‘life satisfaction.’

The site Daily Finance analyzed data compiled by the OECD, examining variables like ‘self-reported good health,’ ‘life expectancy,’ ‘employment rate,’ ‘employees working long hours,’ and ‘educational attainment.’

Israelis are among the healthiest in the developed world, with a low obesity rate (13.8%) and life expectancy of nearly 82 years old. By comparison, the obesity rate in the U.S. – which ranked 11th overall in the survey – is 20% higher than Israel, and has an average life expectancy of 79 years.

In spite of the seemingly-ubiquitous security concerns, 70% of Israelis surveyed reported feeling safe walking home at night, while the homicide rate in Israel is comparable to the OECD average (2.1 murders/100,000 people).

Still, the survey found that Israel ranked 24th in employment rate (with 60% of eligible workforce employed), while of those Israelis that are employed, nearly 20% of work long hours (defined in the survey as working at least 50 hours a week).

Denmark was rated as having the most satisfied citizens in the developed world, followed by Norway, the Netherlands, Switzerland, and Austria. After Israel, Finland, Australia, Canada, and Sweden rounded out the top 10.

 JTA Contributed to this report

OECD Raises Israel Economic Growth Estimate

Wednesday, May 23rd, 2012

The Organization for Economic Cooperation and Development (OECD) raised its 2012 economic growth estimate for Israel to 3.2 percent, up from its November estimate of 2.9 percent.  The group reduced its estimate for 2013, down to 3.6 percent from 4.7 percent.  According to a report in Bloomberg business news, Israel’s economy expanded 4.7 percent in 2011.

The OECD recommended Israel not further lower its hefty gas tax, and should not cut personal income tax.

Bank of Israel 2011 Report: Economy Grew by 4.7%, Dealt Successfully with Significant Difficulties

Wednesday, March 28th, 2012

The Bank of Israel presented its 2011 report on the state of Israel’s economy to the government on Wednesday, in which it stated that Israel’s economy had successfully navigated significant domestic and global difficulties.

“In 2011, Israel’s economy grew by 4.7 percent, similar to its growth rate in 2010,” the report began. It highlighted “rapid growth” in investment in the business sector, as well as the  “continued decline in the unemployment rate to 5.6 percent—its lowest level in more than three decades.”

The report was not all good news, though, as it noted that the European debt crisis forced a reappraisal of the inflation rate and inflation expectations during the year. It also cited an increase of 5.1% in rents and a 9.2% increase in energy prices.

The report also discussed the social protests of last summer, and the measures that have been taken to address them. It warned that since some of the measures approved “are not fiscally balanced, significant adjustments will be required…in order to prevent an increase in the deficit.

Stanley Fischer, Governor of the Bank of Israel told reporters that “[t]he state of the economy is good, but not excellent…Our forecast is that the growth this year will reach a rate of 3.1%, a respectable growth but not on par with the average levels witnessed in 2004-2008.”

Prime Minister Benjamin Netanyahu, after receiving the report said: “The Israeli economy grew more than most Western economies, almost 2.5 times the OECD average…In contrast to the collapsing economies around us, Israel’s credit rating was upgraded last year.”

Israel Ranked 2nd Most Educated Country in the World

Wednesday, February 1st, 2012

A recently published report by the Organization for Economic Cooperation and Development (OECD) has ranked Israel as the second most educated country in the world, according to analysis of the data by 24/7 Wall St.

The report, titled Education at a Glance 2011, seems to counter conventional wisdom regarding the direction of Israel’s education system. Among its findings are: that 45% of Israel’s population have post-secondary education; that 78% of the money spent on educational institutions in Israel are public funds; and that Israel had the highest population increase among OECD countries from 2000-2009, with growth of 19.02%.

The study found that the countries with the most highly educated citizens are the wealthiest in the world, and that with the exception of the UK, all of the best-educated countries fall within the top 15 OECD countries for greatest spending on college education as a percentage of GDP.

The ten most educated countries in the world, according to 24/7 Wall St.‘s analysis are: Canada, Israel, Japan, US, New Zealand, South Korea, Norway, the UK, Australia, and Finland.

Israel, US Ranked for Health in OECD Study

Thursday, November 24th, 2011

A new report by the Organization of Economic Cooperation and Development (OECD) concludes that Israel has the 5th highest life expectancy of its 34 member countries.  The United States comes in at 28th.

Israelis average 81.6 years, according to the report, 2 years longer than the OECD average.   The average American life expectancy is 78.2 years.

Though Israel came in ahead of the United States, it came in below Japan, Sweden, Canada, and Holland.

Ironically, though Israelis enjoy longer lives than Americans, they do so with less medical resources.  While the average OECD country features 3.5 hospital beds for every 1,000 people, Israel has just 2 hospital beds per 1,000, which means hospitals are overcrowded. The occupancy rate of Israeli hospitals was very high – 96.3 percent compared to the OECD’s 76 percent.  In 2009, Israel spent 7.9 percent of its Gross Domestic Product on medical care.  The United States spent 17.4 percent.

Israelis also enjoy a lower discrepancy in life expectancy between men and women – women live 3.8 years longer than men compared to the OECD average of 5 years – and a lower than average infant mortality rate – 3.8 as opposed to the OECD average of 4.4.

In 2009, OECD members had an 84 percent five-year survival of breast cancer – in Israel, that rate was 86 percent.  The same year, Israelis came in leaner than the average OECD country, with a 14% obesity rate.  America’s rate stood at 34%.

Printed from: http://www.jewishpress.com/news/israel-us-ranked-for-health-in-oecd-study/2011/11/24/

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