Israel

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Why Are Israelis So Much Wealthier Than Their Palestinian Neighbors? (and yes, there’s a bit more to it than “culture”)

Includes Daily Show clip; radio clip

Romney was absolutely correct when noting that Israel’s GDP per capita is significantly higher than that in the Palestinian territories. But he was actually way off on the specifics: in suggesting that Israelis produced roughly twice as much as do the Palestinians, he vastly understated the disparity. The U.S. Central Intelligence Agency estimated Israel’s per capita GDP at about 10 times (or 1000% more) that of the Palestinians.

In 2011 Israel had a per capita GDP of roughly $31,000, while in 2008 — the last year the CIA listed data for the Palestinians — the per capita GDP. of the West Bank and Gaza combined was about $3,000.

That’s a 1000% difference! Continue reading