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A study of the world’s most peaceful countries released Wednesday ranks Israel as fourth to last among the 144 countries ranked.

According to the Global Peace Index, an annual ranking of the world’s nations on the basis of how peaceful they are, Somalia, Afghanistan and Iraq are the only countries more dangerous than Israel.

Directly more peaceful than Israel on the list are Sudan, the Democratic Republic of the Congo, Chad and Pakistan. Lebanon ranks 132nd, Iran ranks 99th and Syria ranks 92nd.

The index’s most peaceful country is New Zealand, followed by Denmark, Norway, Iceland and Austria. Iceland was rated most peaceful on last year’s index, but was displaced to fourth in 2009.

Steve Killelea, founder of the Global Peace Index, said “now in its third year the causes of peace are becoming apparent and the net economic benefit to humanity is substantial. Peace does have an economic value apart from the very real humanitarian values associated with it. Research has calculated the impact of lost peace to the world economy over a period of ten years is $48 trillion.”

Sir Mark Moody-Stuart, chairman of Anglo American and chairman of the Global UN Compact and one of the GPI’s high profile supporters, said “this year’s index clearly shows that there are links between economic prosperity and peace. The business community can and does benefit significantly from non violent environments but perhaps business must now consider how sound, transparent and ethical business practices can play a larger role in bringing out about stability and peace.”