In the third quarter of 2024, nominal GDP in Israel reached over *** billion Israeli shekels, some ***** billion U.S. dollars. This accounts for a *** percent increase from the previous quarter. After a **** percent drop following the start of the Israel-Hamas war in the fourth quarter of 2023, GDP in the country recovered in the subsequent quarters.

The Gross Domestic Product (GDP) in Israel was worth 540.38 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Israel represents 0.51 percent of the world economy. This dataset provides - Israel GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Israel amounted to about 540.38 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 515.31 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 190.05 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Israel expanded 0.80 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Israel GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Annualized in Israel increased to 3.70 percent in the first quarter of 2025 from 2 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Israel GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the growth of the real gross domestic product (GDP) in Israel amounted to about 0.87 percent. Between 1980 and 2024, the figure dropped by approximately 2.70 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 2.52 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Full Year GDP Growth in Israel decreased to 0.90 percent in 2024 from 1.84 percent in 2023. This dataset includes a chart with historical data for Israel Full Year GDP Growth.

GDP, billion currency units in Israel, March, 2025 The most recent value is 500.76 billion Israeli New Shekel as of Q1 2025, a decline compared to the previous value of 527.27 billion Israeli New Shekel. Historically, the average for Israel from Q1 1995 to Q1 2025 is 240.01 billion Israeli New Shekel. The minimum of 70.89 billion Israeli New Shekel was recorded in Q1 1995, while the maximum of 527.27 billion Israeli New Shekel was reached in Q4 2024. | TheGlobalEconomy.com

Key information about Israel GDP Per Capita

• Israel Gross Domestic Product (GDP) per Capita reached 54,191.462 USD in Dec 2024, compared with 51,750.494 USD in Dec 2023.
• Israel GDP Per Capita data is updated yearly, available from Dec 1995 to Dec 2024, with an average number of 30,250.165 USD.
• The data reached an all-time high of 54,396.600 USD in Dec 2022 and a record low of 18,638.043 in Dec 2002.
• CEIC converts annual GDP per Capita into USD. The Central Bureau of Statistics provides GDP per Capita in local currency. The Bank of Israel average market exchange rate is used for currency conversions.

Related information about Israel GDP Per Capita data

• In the latest reports, Israel GDP expanded 4.141 % YoY in Mar 2023.
• Israel Nominal GDP reached 126.952 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.369 % in Mar 2023.
• Gross Savings Rate of Israel was measured at 27.169 % in Dec 2024.

The gross domestic product (GDP) per capita in Israel stood at about 54.19 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 47.79 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 13.66 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

In 2024, the ratio of national debt to gross domestic product (GDP) of Israel stood at about 67.88 percent. Between 2000 and 2024, the figure dropped by approximately 9.27 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by around 2.29 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The latest data from show economic growth of 1.49 percent, which is a decrease from the rate of growth of 7.21 percent in the previous quarter and
an increase compared to the growth rate of -0.8 percent in the same quarter last year. The economic growth time series for Israel cover the period...

GDP (current US$) in Israel was reported at 540379921262 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Israel - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Israel Nominal GDP Growth

• Israel Nominal GDP Growth was reported at 11.169 % in Dec 2024.
• This records an increase from the previous number of 5.409 % for Sep 2024.
• Israel Nominal GDP Growth data is updated quarterly, averaging 5.779 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 19.031 % in Jun 2021 and a record low of -6.430 % in Jun 2020.
• Israel Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Central Bureau of Statistics provides Nominal GDP in local currency.

Key information about Israel Investment: % of GDP

• Israel Investment accounted for 24.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 23.1 % in the previous quarter.
• Israel investment share of Nominal GDP data is updated quarterly, available from Mar 1995 to Dec 2024, with an average ratio of 23.8 %.
• The data reached an all-time high of 30.5 % in Dec 1995 and a record low of 19.8 % in Dec 2009.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Changes in Inventories are calculated as Resource Use less Resource Use excl Stocks Increase. The Central Bureau of Statistics provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about Israel Investment: % of GDP

• In the latest reports, Israel GDP expanded 4.1 % YoY in Mar 2023.
• Israel Nominal GDP reached 127.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.4 % in Mar 2023.
• Israel GDP Per Capita reached 54,391.2 USD in Dec 2024.
• Its Gross Savings Rate was measured at 27.2 % in Dec 2024.

The Gross Domestic Product per capita in Israel was last recorded at 47338.84 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Israel, when adjusted by Purchasing Power Parity is equivalent to 266 percent of the world's average. This dataset provides - Israel GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Israel Market Capitalization: % of GDP

• Israel Market Capitalization accounted for 61.8 % of its Nominal GDP in Dec 2024, compared with a percentage of 51.5 % in the previous year
• Israel Market Capitalization: % Nominal GDP is updated yearly, available from Dec 2002 to Dec 2024
• The data reached an all-time high of 127.4 % in Dec 2007 and a record low of 34.0 % in Dec 2002

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Tel-Aviv Stock Exchange provides Market Capitalization in USD. The Central Bureau of Statistics provides Nominal GDP in local currency. The Bank of Israel period average market exchange rate is used for currency conversions. Market Capitalization covers shares and convertibles

Israel's military expenditure as a share of GDP reached 8.8 percent in 2024, marking a significant increase from previous years. The surge in defense spending reflects the country's response to the Israel-Hamas conflict, which began in Gaza in October 2023, and expanded to hostilities in Lebanon, Yemen and Iran by 2025. The financial impact of the war was also apparent in the county's national debt figures, which rapidly increased by 20 percent between the third quarter of 2023 and the third quarter of 2024. Escalating defense budget amid conflict Israel's military allocation for 2025 has seen a significant increase, nearly doubling compared to 2022. Still, actual defense spending during the year is expected to exceed the approved 109.8 billion Israeli shekels, approximately 31.6 billion U.S. dollars, reflecting the nation's intensified emphasis on military preparedness amidst escalating geopolitical tensions. The bulk of this budget is earmarked for procurement and purchases, totaling around 55 billion Israeli shekels, equivalent to 15.7 billion U.S. dollars. Record-breaking arms exports As Israel ramped up its military spending, the country's defense industries have also reached new heights. In 2024, the value of arms exported from Israel reach 14.8 billion U.S. dollars, marking the third consecutive annual record. Air defense systems were the most popular product category that year, accounting for nearly half of all defense exports. The industry’s robust performance highlights the growing global demand for arms, and Israeli military hardware in particular.

Key information about Israel Current Account Balance: % of GDP

• Israel Current Account surplus accounted for 3.3 % of the country's Nominal GDP in Dec 2024, compared with a 2.6 % surplus in the previous quarter.
• Israel Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Dec 2024, with an average value of 2.4 %.
• The data reached an all-time high of 8.1 % in Jun 2007 and a record low of -6.4 % in Mar 1995.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bureau of Statistics provides Current Account Balance in USD and Nominal GDP in local currency. The Bank of Israel average market exchange rate is used for currency conversions.


Key information about Israel Current Account Balance: % of GDP

• In the latest reports of Israel, Current Account recorded a surplus of 3.0 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 3.5 USD bn in Dec 2024.
• Israel Direct Investment Abroad expanded by 2.9 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 3.0 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 127.0 USD bn in Mar 2023.

Key information about Israel External Debt: % of GDP

• Israel External Debt accounted for 28.4 % of the country's Nominal GDP in 2023, compared with the ratio of 29.4 % in the previous year.
• Israel External Debt: % of Nominal GDP data is updated yearly, available from Dec 1998 to Dec 2023.
• The data reached an all-time high of 56.5 % in Dec 2002 and a record low of 25.1 % in Dec 2018.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The Bank of Israel provides External Debt in USD. The Central Bureau of Statistics provides Nominal GDP in local currency. The Bank of Israel average market exchange rate is used for currency conversions.


Related information about Israel External Debt: % of GDP

• In the latest reports of Israel, Current Account recorded a surplus of 5.0 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 5.9 USD bn in Jun 2024.
• Israel Direct Investment Abroad expanded by 2.7 USD bn in Jun 2024.
• Its Foreign Portfolio Investment fell by 803.0 USD mn in Jun 2024.
• The country's External Debt reached 140,808.4 in Jun 2024.
• The country's Nominal GDP was reported at 127.0 USD bn in Mar 2023.