Israel has a GDP of $488 billion which makes it the 29th largest economy in the world falling just behind Ireland and Norway. Its output is only spread out over 9.5 million people, so GDP per capita is an impressive $52,000 putting it ahead of countries like Canada, Germany, Japan and even Hong Kong. The state of Israel did not have a lot of advantages and it has overcome a lot of challenges in its short 75 year history as a country. Despite these challenges it has been able to become one of the most prosperous economies in the world. All together that gives Israel a very respectable average score of 7.6 out of 10, putting it up here on the later
Despite geographical challenges, hostile neighbors, and limited resources, Israel has become one of the world's wealthiest and most advanced economies. This video explores how Israel overcame economic failure, what drives its growth, if its success can be replicated, and its future prospects.
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