▁Palest ine ▁Electric ▁Company . ▁Palest ine ▁Air ways ▁was ▁founded ▁in ▁ 1 9 3 4 , ▁Angel ▁Baker ies ▁in ▁ 1 9 2 7 , ▁and ▁the ▁T nu va ▁da iry ▁in ▁ 1 9 2 6 . ▁Electric ▁current ▁mainly ▁flow ed ▁to ▁Jewish ▁industry , ▁following ▁it ▁to ▁its ▁nest led ▁locations ▁in ▁Tel ▁Av iv ▁and ▁Ha ifa . ▁Although ▁Tel ▁Av iv ▁had ▁by ▁far ▁more ▁work sh ops ▁and ▁fact ories , ▁the ▁demand ▁for ▁electric ▁power ▁for ▁industry ▁was ▁roughly ▁the ▁same ▁for ▁both ▁cities ▁by ▁the ▁early ▁ 1 9 3 0 s . ▁ ▁Econom ic ▁growth ▁Between ▁ 1 9 2 2 ▁and ▁ 1 9 4 7 , ▁the ▁annual ▁growth ▁rate ▁of ▁the ▁Jewish ▁sector ▁of ▁the ▁economy ▁was ▁ 1 3 . 2 %, ▁mainly ▁due ▁to ▁imm igration ▁and ▁foreign ▁capital , ▁while ▁that ▁of ▁the ▁Arab ▁was ▁ 6 . 5 %. ▁Per ▁cap ita , ▁these ▁figures ▁were ▁ 4 . 8 % ▁and ▁ 3 . 6 % ▁respectively . ▁By ▁ 1 9 3 6 , ▁the ▁Jewish ▁sector ▁earned ▁ 2 . 6 ▁times ▁as ▁much ▁as ▁Arab s . ▁Comp ared ▁to ▁Arab ▁countries , ▁the ▁Palest in ian ▁Arab ▁individuals ▁earned ▁slightly ▁more . ▁ ▁On ▁the ▁scale ▁of ▁the ▁UN ▁Human ▁Development ▁Index ▁determined ▁for ▁around ▁ 1 9 3 9 , ▁of ▁ 3 6 ▁countries , ▁Palest in ian ▁Jews ▁were ▁placed ▁ 1 5 th