Israel was ranked 28th in the world corruption list published by Transparency International, an international coalition against corruption, which surveyed the level of corruption in 159 countries.
Iceland was ranked at the top of the list, meaning it is currently the least corrupt country in the world.
The 28th place puts Israel near the top of the list with a score of 6.3, together with Oman . Chad, Bangladesh, Turkmenistan and Myanmar were perceived as the most corrupt countries in the world.
The survey indicated that corruption in the public service is wide-spread in over two third of the countries, and stated that this fact hinders efforts to fight poverty. These countries received a score of less than five points on a scale of one to ten.
Lagging behind West
Israel's place on the list puts it behind the Western countries, but ahead of the developing countries of the world. The Palestinian Authority was listed 107th with a score of 2.3, and beat Russia at the 126th place.
Second after Iceland on the list came Finland and New Zealand with a score of 9.7, and Denmark followed. The United States was ranked 17th, after Germany and before France. Britain took the 11th place with Holland.
The chairman of the international organization, Peter Eigen said that corruption among politicians and high ranking officials worsens poverty in many developing countries.
"The corruption keeps people in poverty," he said.
The list was compiled after the organization have interviewed businessmen, academicians and government officials on how they perceive the situation in their own country, as well as in countries associated with their own state.
Israel: Decrease in leadership quality
Notably, last August the World Bank issued a report stating that Israeli economic corruption has increased since the year 2000, making it one of the most fraudulent in the world.
The report said Israel was one of the most hazardous nations, citing its unstable and inefficient government and its relatively high level of corruption among its leadership, as well a low ranking in law enforcement.
Economists from the Business Data Israel information group said decreased ratings in the quality of Israeli leadership hurts the country’s foreign investments, raises the premium risks of capital markets and hurt allocations of trade resources.