ISRAEL RANKED 4TH AMONG EMERGING MARKETS
The Economist ranks Israel 4th among 29 emerging world markets in terms of growth projections for 2004. The report, published on June 6, expects Israel to reach $21,0000 GDP per capita, in terms of purchasing power parity (PPP). Among emerging economies, only Singapore, Taiwan and Hong Kong outrank Israel, with GDP per capita of $23,000 - 28,000. Israel's GDP per capita, in terms of PPP, was 84% higher than Poland's, 375% higher than China's, and 750% higher than India's.
The Economist listed a series of economic indicators showing rapid growth in Israel, such as GDP - now growing at 3.9% a year, well above previous estimates by Israeli and international bodies. Industrial production has also surged by an annualized 10.9% since the beginning of the year.
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