Prof. Zvi Eckstein: “Israel’s GDP per capita could be 80% of that of the US”

The Bank of Israel deputy governor noted that with 4% annual growth rate the country would not reach this goal. “The economy must grow by an annual rate of 5% a year in order to reach this target within 20 years
23.10.06 / 00:00
Prof. Zvi Eckstein: “Israel’s GDP per capita could be 80% of that of the US”
23.10.06
Prof. Zvi Eckstein: “Israel’s GDP per capita could be 80% of that of the US”
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The Bank of Israel deputy governor noted that with 4% annual growth rate the country would not reach this goal. “The economy must grow by an annual rate of 5% a year in order to reach this target within 20 years
 
The Kibbutz Industries Association held last week their annual conference under the theme
 “Industry as a vehicle for realizing social objectives.”
 
Prof. Zvi Eckstein, Bank of Israel deputy governor who was the main speaker at the event said that Israel’s GDP per capita was half that of the US. He added that “We should aim to reach to 80% of US GDP per capita and we are quite capable of achieving this,” 
 
Eckstein noted that with 4% annual growth rate the country would not reach this goal.
“The economy must grow by an annual rate of 5% a year in order to reach this target within 20 years.

 

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