Israel is the fourth-best-performing economy in 2022 among a list of OECD countries, according to a ranking compiled by The Economist.
The British weekly cited Israel’s well-performing economy as one of the “pleasant surprises” in 2022 “despite political chaos” wrought by the government’s collapse, which took Israelis to the polls for a fifth time in less than four years.
The Economist’s ranking is based on an overall score measured by five economic and financial indicators: gross domestic debt (GDP), inflation, inflation breadth, stock market performance and government debt.
Israel’s economy shared the fourth place with Spain and was ranked after Ireland among the 34 wealthy OECD countries cited in the survey. Greece scored the top spot followed by Portugal in second place, while Latvia and Estonia came at the bottom of the list. Japan, France, and Italy made it into the top 10. Meanwhile, the US economy, which grew at a rate of 0.2%, ranked 20th, and Germany, “despite poitical stability,” is in 30th place, according to the Economist.
Countries, including Spain and Israel, that are not dependent on oil and gas delivery from Russia fared better than average, the survey found. (Read More)
