Wednesday, January 03, 2007

Which country will collapse first?

Ahmadinejad said that he feels that Israel will soon collapse.

Let's do a quick comparison on some major economic indicators for Israel and Iraq (from the CIA World Factbook):

Israel Iran
GDP per capita $25,000 $8,400
Unemployment rate 9% 11.2%
Population below poverty line 21% 40%
Gini index (rate of inequality between richest and poorest) 34 43
Inflation 1.3% 13.5%
Industries high-technology projects (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, construction, metals products, chemical products, plastics, diamond cutting, textiles, footwear petroleum, petrochemicals, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), metal fabrication, armaments

And these numbers are from 2005 and earlier. 2006 was a spectacular year for the Israeli economy, especially considering a war and constant political turmoil.

Meanwhile, Iran has a 40% poverty rate. Even though Iranians outnumber Israelis by 10-1, Israel has more cell phones!

Which country seems more likely to collapse?