Economy of Israel - Rankings

Rankings

As of 2012, Israel ranks 26th in Global Competitiveness Report by World Economic Forum, and 17th among 187 world nations on the UN's Human Development Index, which places it in the category of "Very Highly Developed". Israel's economy also ranks 17th among the world's most economically developed nations, according to IMD's World Competitiveness Yearbook rankings. The Israeli economy was ranked as the world's most durable economy in the face of crises, and was also ranked first in the rate research and development center investments. The Bank of Israel was ranked first among central banks for its efficient functioning, up from the 8th place in 2009. Israel was ranked first also in its supply of skilled manpower. Israeli companies, particularly in the high-tech area, have enjoyed considerable success raising money on Wall Street and other world financial markets: as of 2010 Israel ranked second among foreign countries in the number of its companies listed on U.S. stock exchanges.

Having moved away from the socialist economic model since the mid-1980s and early 1990s, Israel has made dramatic moves toward the free-market paradigm. As of 2012, Israel's economic freedom score is 67.8, making its economy the 48th freest in the 2012 Index of Economic Freedom. Israel's economic competitiveness is helped by strong protection of property rights, relatively low corruption levels, and high openness to global trade and investment. Income and corporate tax rates remain relatively high. As of 2011, Israel ranks 36th out of 182 countries in Transparency International's Corruption Perceptions Index. Bribery and other forms of corruption are illegal in Israel, which is a signatory to the OECD Bribery Convention since 2008.