The Gross Domestic Product (GDP) in Israel was worth 513.61 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Israel represents 0.49 percent of the world economy. This dataset provides - Israel GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the third quarter of 2024, nominal GDP in Israel reached over 508 billion Israeli shekels, some 141.5 billion U.S. dollars. This accounts for a 4.7 percent increase from the previous quarter. After a 1.85 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.

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.

The gross domestic product (GDP) in current prices in Israel lies at approximately 583.36 billion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Compared to the earliest depicted observation from 1980 there is a total increase by approximately 558.29 billion U.S. dollars. Looking at the trajectory between 1980 and 2025, one can observe that this increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP will be about 730.43 billion U.S. dollars in 2030, according to forecasts. From 2025 onwards, there is an overall increase by approximately 147.07 billion U.S. dollars. This growth reflects a steady 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, billion currency units in Israel, December, 2024 The most recent value is 527.27 billion Israeli New Shekel as of Q4 2024, an increase compared to the previous value of 509.15 billion Israeli New Shekel. Historically, the average for Israel from Q1 1995 to Q4 2024 is 237.83 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

In 2025, the gross domestic product (GDP) per capita in Israel is approximately 57.76 thousand U.S. dollars.Fluctuating rise between 1980 and 2025A total increase by approximately 51.36 thousand U.S. dollars can be seen between 1980 and 2025. This increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP per capita will stand at close to 67.85 thousand U.S. dollars in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 10.09 thousand U.S. dollars. This growth reflects a steady 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 prices and then divided by the total population. The gross domestic products 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).

GDP (current US$) in Israel was reported at 513611100816 USD in 2023, 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 June of 2025.

The Gross Domestic Product per capita in Israel was last recorded at 48356.09 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Israel, when adjusted by Purchasing Power Parity is equivalent to 272 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.

Depicted is the growth of the real gross domestic product (GDP) in Israel which stands at approximately 3.25 percent in 2025.Fluctuating decline between 1980 and 2025A total decrease by approximately 0.32 percentage points can be observed between 1980 and 2025. The data emphasizes however that this decrease did not happen continuously.Fluctuating rise between 2025 and 2030In 2030 the growth will stand at roughly 3.39 percent, according to forecasts. This indicates an overall increase by approximately 0.14 percentage points since 2025.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.

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.

GDP, PPP (current international $) in Israel was reported at 527412998477 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Israel - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

The here depicted ratio of national debt to gross domestic product (GDP) of Israel amounts to approximately 69.08 percent in 2025.Fluctuating decline between 2000 and 2025Between 2000 and 2025 a total decrease by approximately 8.07 percentage points can be observed. The data emphasizes however that this decrease did not happen continuously.Continuous rise between 2025 and 2030The ratio will amount to about 70.17 percent in 2030, according to forecasts. From 2025 onwards, there is an overall increase by approximately 1.09 percentage points. This growth reflects a steady upward trend.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.

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.

Key information about Israel Foreign Direct Investment: % of GDP

• Israel Foreign Direct Investment (FDI) registered a growth equal to 2.5 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 3.7 % in the previous quarter.
• Israel Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1995 to Dec 2024.
• The data reached an all-time high of 16.1 % in Dec 2006 and a record low -1.5 % in Dec 2014.

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


Related information about Israel Foreign Direct Investment: % 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 Nominal GDP

• Israel Nominal GDP reached 133.4 USD bn in Dec 2022, compared with 130.6 USD bn in the previous quarter.
• Nominal GDP in Israel is updated quarterly, available from Mar 1995 to Dec 2022, with an average number of 54.4 USD bn.
• The data reached an all-time high of 137.1 USD bn in Dec 2021 and a record low of 24.8 USD bn in Mar 1995.

CEIC converts quarterly Nominal GDP into 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 Nominal GDP

• In the latest reports, Israel GDP expanded 2.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.8 % in Dec 2022.
• Israel GDP Per Capita reached 54,724.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 31.5 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 27.4 % in Dec 2022.
• Public Consumption accounted for 20.5 % in Dec 2022.
• Private Consumption accounted for 47.9 % in Dec 2022.

Israel GDP: Imports Of Goods And Services data was reported at 137,301.800 ILS mn in Dec 2024. This records an increase from the previous number of 135,414.100 ILS mn for Sep 2024. Israel GDP: Imports Of Goods And Services data is updated quarterly, averaging 75,607.100 ILS mn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 137,383.700 ILS mn in Sep 2023 and a record low of 25,419.500 ILS mn in Mar 1995. Israel GDP: Imports Of Goods And Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Israel – Table IL.OECD.MEI: Gross Domestic Product: OECD Member: Quarterly.

The total consumer spending in Israel was forecast to continuously increase between 2024 and 2029 by in total 59.6 billion U.S. dollars (+23.71 percent). After the sixth consecutive increasing year, the consumer spending is estimated to reach 311.2 billion U.S. dollars and therefore a new peak in 2029. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years the price level has been projected as well. The data has been converted from local currencies to US$ using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.Find more key insights for the total consumer spending in countries like Iran and Iraq.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Israel (NAEXKP06ILQ659S) from Q1 1996 to Q4 2024 about Israel, exports, goods, services, real, and GDP.