Israel Ranked 33rd for Purchasing Power

YERUSHALAYIM -
Shekels. Nati Shohat/Flash90
Shekels. (Nati Shohat/Flash90)

In its latest survey wrapping up 2015, the Global Finance magazine placed Israel 33rd in its list of the world’s wealthiest countries. Based on PPP (Purchasing Parity Power), Israeli households earned on average $34,162.24 annually. Israel was just behind France (25th) and the U.K. (27th), as well as Japan, South Korea, New Zealand, Italy and Spain.

The United States, in 9th place with $57,045, came in just behind Hong Kong ($57.676) and ahead of Switzerland ($56,815). Tops in the world were Qatar ($146,011), Luxembourg ($94,167) and Singapore ($84,821).

The PPP statistic is based on GDP and is used to compare the relative purchasing power of the same basket of goods in different currencies, taking into account currency conversions.