Israel ranks 4th among best performing world economies in 2022

First place taken by Greece, among 34 countries included, with ranking based on five macroeconomic indicators: growth, annual inflation, extent of inflation, stock market and public debt
i24NEWS|
Israel became the fourth best performing economy in the world in 2022, according to a ranking compiled by The Economist.
  • Follow Ynetnews on Facebook and Twitter

  • The impressive result was obtained despite the political instability in the Jewish State, according to the British outlet.
    2 View gallery
    כסף מזומן
    כסף מזומן
    Israeli bills
    (Photo: Shutterstock)
    The list, which includes a total of 34 countries, takes into account five different macroeconomic indicators: growth, annual inflation, extent of inflation, stock market and public debt.
    According to Globes, Israel's debt-to-GDP ratio has fallen this year from 68 percent to around 60 percent. And if inflation in Israel over the past 12 months has reached the high level of 5.3 percent, it still represents about half the rate of increase in prices "in the rich world," underlined The Economist.
    The first place in the ranking was awarded to Greece, which, after the economic upheavals it experienced even before the pandemic, managed this year to reduce the national debt ratio by 16 percent. Portugal and Ireland ranked second and third respectively, while Israel shared fourth place with Spain.
    2 View gallery
    גרמניה כסף שטרות אירו יורו
    גרמניה כסף שטרות אירו יורו
    Euro bills
    (Photo: Shutterstock)
    The major world powers are, for their part, less well ranked. The United States ranked the 20th, with very weak growth of 0.2 percent. Germany is in 30th place, with high inflation of 10 percent. The last country to occupy the ranking of the best performing economies of the year is Estonia.
    This international comparison points to a clear advantage in terms of inflation for countries that are not dependant on Russian gas and oil, such as Israel.
    Spain, for example, which buys natural gas from Algeria and uses solar energy, has recorded a relatively moderate increase of 5.7 percent in the consumer price index since the beginning of the year until October. Latvia, on the other hand, suffered a 20 percent inflationary rampage due to its energy dependence on Moscow.
    Comments
    The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
    ""