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August 28, 2016 / 24 Av, 5776

Posts Tagged ‘OECD’

Israel’s Material Well-Being and National Wealth Stats Up Across the Board

Wednesday, May 4th, 2016

Real national disposable income per capita in Israel has gone up by 1.7% in 2014 compared with the year before, reaching a level of 119% compared with the year 2000, Israel’s Central Board of Statistics announced on Wednesday.

In 2014, the government debt as a percentage of GDP (65%) was lower than that of France (85%), Spain (88%), the UK (94%), the US (98%), and Italy (127%). It was higher than Germany’s (48%), the Czech Republic (46%), Sweden (44%), Turkey (37%), Switzerland (21%), and Norway (17%).

Between the years 2008-2011 there was a moderate rise in net income inequality in Israel (according to the Gini coefficient, a.k.a. the Gini index or Gini ratio — a measure of statistical dispersion intended to represent the income distribution of a nation’s residents, which is the most commonly used measure of inequality.) It was followed by a downward trend in the Gini index until 2013, but remains high in Israel, compared with other OECD countries — higher than the US, Turkey, Mexico and Chile.

In 2013, the net annual income per standard capita was 91,604 shekel ($24,283), a rise of 5% compared with the year before, in 2013 rates. The net annual reported income per standard capita in Jewish households was double the amount in Arab households.

In 2013, Israel’s household debt as a percentage of GDP (47%) was significantly lower than most other OECD countries, such as Spain (79%), France (63%), Germany (56%), and Italy (49%). It was still higher than that of Poland (35%), Slovakia (32%), and Hungary (31%).

58% of Israelis ages 20 and up were satisfied with their economic situation in 2014: 59% of men, 57% of women.

Israeli Jews were more satisfied than Israeli Arabs — 60% vs. 48% respectively.

JNi.Media

Israeli Death Rates from Most Cancers, Heart Disease, Among Lowest in OECD

Sunday, November 29th, 2015

(JNi.media) Israel’s Central Bureau of Statistics last week released its report on Causes of Death in Israel in 2013, which includes a few positive notes about the state of health of Israelis.

The report’s highlights were:

Mortality rates from cardiovascular (heart) and cerebrovascular (brain) diseases have gone down by more than 80% since the mid-1970s.

The most common cause of death in Israel in 2013 was malignant neoplasms (cancer), followed by heart disease.

The Death rates from malignant neoplasms (cancer), ischemic heart disease and cerebrovascular diseases in Israel are lower than in most Organization for Economic Co-operation and Development (OECD) countries.

The mortality rate from trachea, bronchus and lung cancer, which is the most common cancer type in Israeli men, is very low relative to the OECD countries. However, the mortality rate from breast cancer, which is the most common type in Israeli women, is very high relative to the OECD.

Also, mortality rates from diabetes, infectious diseases and kidney diseases are very high in Israel compared with OECD countries.

In 2013, 41,479 residents died in Israel, half a percent of Israel’s population that year. 49.4% of the deceased were male, 50.6% female.

6% of the deceased were under age 45. 80% of the deceased were over age 65 (of which 65% were older than 75 and 36% – were over the age of 85).

1.3% of the deceased (539) were infants under one year old.

The ten most common causes of death led to 75% of all deaths in 2013. The two most common causes of death were malignant neoplasms (cancer) and heart disease — 41% of all deaths in Israel resulted from these two causes. As in all recent years, malignant neoplasms were the most common cause of death in 2013, making up about a quarter of all deaths.

External causes constituted one third of men’s deaths and one eighth of women’s. Of all the external causes of death, the biggest gender gap was in incidents of suicides, traffic accidents and murder. The adjusted mortality rate from suicide by age among men was four times higher than among women (6.8% vs. 1.7%, respectively). Death from road accidents was 3.8 higher among men than women (6.6% vs. 1.8%, respectively). The murder rate among men was 2.8 times higher than among women (2.3% versus 0.8%, respectively).

JNi.Media

Israel’s Economy Endures Global Economic Meltdown

Sunday, January 6th, 2013

1.  Israel’s 2009-2012 economic growth of 14.7% leads the OECD countries, ahead of Australia – 10.7%, Canada – 4.8%, USA – 3.2%, Germany – 2.7%, France – 0.3%, Euro Bloc – 1.5% decline.  Israel’s growth was undermined by the stoppage of natural gas supply from Egypt, which requires the acquisition of more expensive sources of energy (“Israel Hayom”, Jan. 2, 2013).

2.  Israel’s 2012 economic growth, 3.3%, leads the OECD countries which average 1.4% growth, ahead of the US (2.2%), Canada (2%), Japan (1.6%), Brazil (1.5%), Germany (0.9%), France (0.2%), Britain (0.1% decline), Spain (1.3% decline) and Italy (2.2% decline), trailingIndia’s 4.5% and China’s 7.5% .  Israel’s growth per capita, 1.5%, exceeds OECD’s average of 0.7%.  Israel’s unemployment, 6.9%, is lower than the OECD (other than Germany’s and Japan’s) which averages 8%.  Israel’s private consumption increased 2.8%, compared with the OECD average of 1%.  Notwithstanding the global meltdown, Israel’s exports grew 1% at a time when most countries experience a substantial decline in exports (Globes Business Daily, December 31, 2012).

3.  Israel’s 2012 tourism – all time high of 2.9 million tourists, compared with 2.8 million in 2011.  American tourists lead the pack, ahead of Russia, France, Germany and Britain. Domestic tourism grew 3% (Ma’ariv, December 25).

4.  Australia’s $30BN Woodside Petroleum (WPL) is acquiring 30% of the rights of Israel’s Leviathan offshore natural gas field licenses for $696MN upon signing the agreement in February, 2013, $200MN upon launching exports, $350MN upon final decision to invest in liquefied natural gas export facilities, 11.5% royalties up to $1BN and $50MN for immediate oil exploration underneath Leviathan.  Woodside explores investment in additional Israeli offshore natural gas licenses (Globes, Dec. 4).

5.  The $1.6BN Minnesota-based Stratasys merged with Israel’s $1.4BN Objet (3D printers manufacturer), a week following the acquisition of Israel’s Retalix, by NCR, for $800MN. Objet’s market value before the merger was $634MN (Globes, Dec. 4).  The $10BN Wollingford, CT-based Amphenol acquired Israel’s Tel-Ad for $65MN; the US storage giant, EMC, made its 5th Israeli acquisition, More IT Resources, for $15MN.  EMC employs 1,000 persons in its Israeli research and development centers (Globes, Dec. 3).  Israel’s CrossRider was acquired by an overseas unidentified company for $37MN (Globes, Dec. 17).  The Menlo Park-based Greylock Venture Partners and the Palo Alto-based Norwest Venture Partners led a$12MN 1st round of private placement by Israel’s ScaleIO (Globes, Dec. 11).

6.  Google inaugurated its Israeli Start Ups Incubator, signaling its aim to expand its Israel operations (Globes, Dec. 11). The Holland-based Philips announced the establishment of a new research & development center in Israel, which will employ scores of scientists and engineers.  Philip’s research & development center in Haifa – which coordinates special applications developed in Israel the US, Holland and India – employs 600 persons, specializing in CT 3D imaging (Globes, Dec. 13).

7.  Electricite’ de France’s (EDF) renewable energy unit inaugurated its first three projects in Israel’s Negev – a $65MN investment.  EDF plans additional ventures in Israel, demonstrating its confidence in the viability of Israel’s economy (Globes, Dec. 19).

Visit The Ettinger Report.

Yoram Ettinger

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.

Malkah Fleisher

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.

Malkah Fleisher

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

Solomon Burke

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.

Malkah Fleisher

Printed from: http://www.jewishpress.com/news/breaking-news/oecd-raises-israel-economic-growth-estimate/2012/05/23/

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