GDP per capita still low - reaches $18,620

Israel showed a respectable surplus in its balance of payments in Q1 of 2007, at $1.7 billion. GDP per capita is among the lowest among developed countries
 
Report issued last week by the Bank of Israel (BOL) showed that despite the fact that Israel’s GDP has grown by more than 18% since 2003, GDP per capita is among the lowest among developed countries. BOL also indicated that Israel’s GDP per capita has reached $18,620 this year.
 
In a separate statement the Central Bureau of Statistics said that Israel showed a respectable surplus in its balance of payments in Q1 of 2007, at $1.7 billion.
 
The balance of payments represents all the transactions conducted by Israelis with overseas entities in four categories: goods, services, transfer payments and income received from investments and labor.
 
According to the figures published yesterday by the Central Bureau of Statistics, services contributed a surplus of $555 million in the first quarter of the year, while transfer payments showed a large $1.765 billion surplus. There was a $579 million deficit in the trade of goods.