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.

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.

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.

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 largest contributor to gross domestic product (GDP) in Israel in 2023 was the advanced services industry, which provides financial, scientific and other services. It accounted for almost ** percent of the economy that year. It was followed by the information and communications sector, at **** percent. By comparison, agricultural production amounted to about *** percent of GDP. The total GDP of Israel reached over *** billion U.S. dollars.

The Gross Domestic Product (GDP) in Israel expanded 2.75 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Israel GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Israel GDP Growth Tracker: YoY: High data was reported at 5.480 % in Apr 2023. This records an increase from the previous number of 4.557 % for Mar 2023. Israel GDP Growth Tracker: YoY: High data is updated monthly, averaging 6.509 % from Jan 2005 (Median) to Apr 2023, with 220 observations. The data reached an all-time high of 28.735 % in Apr 2021 and a record low of -6.045 % in Apr 2020. Israel GDP Growth Tracker: YoY: High 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.WT: GDP Growth Tracker: Monthly.

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.

Israel: Capital investment as percent of GDP: The latest value from 2023 is 25.69 percent, a decline from 26.95 percent in 2022. In comparison, the world average is 23.15 percent, based on data from 128 countries. Historically, the average for Israel from 1970 to 2023 is 26.04 percent. The minimum value, 20.03 percent, was reached in 1989 while the maximum of 36.67 percent was recorded in 1973.

Israel Composite Leading Indicator: State of The Economy Index: 2023=100 data was reported at 100.910 2023=100 in Mar 2025. This records an increase from the previous number of 100.657 2023=100 for Feb 2025. Israel Composite Leading Indicator: State of The Economy Index: 2023=100 data is updated monthly, averaging 63.668 2023=100 from Jan 1998 (Median) to Mar 2025, with 327 observations. The data reached an all-time high of 101.489 2023=100 in Aug 2023 and a record low of 39.363 2023=100 in Jan 1998. Israel Composite Leading Indicator: State of The Economy Index: 2023=100 data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.S001: Composite Leading Indicator.

Israel: GDP per capita, Purchasing Power Parity: The latest value from 2023 is 48338 U.S. dollars, an increase from 48178 U.S. dollars in 2022. In comparison, the world average is 26826 U.S. dollars, based on data from 183 countries. Historically, the average for Israel from 1990 to 2023 is 35776 U.S. dollars. The minimum value, 25163 U.S. dollars, was reached in 1990 while the maximum of 48338 U.S. dollars was recorded in 2023.

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.

GDP Growth Annualized in Israel increased to 3.50 percent in the first quarter of 2025 from 1.90 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.

Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Israel (ISRGDPDEFQISMEI) from Q1 1995 to Q3 2023 about Israel, implicit price deflator, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Israel (ISRIMPORTQDSMEI) from Q1 1995 to Q3 2023 about Israel, imports, goods, and services.

Key information about Israel Private Consumption: % of GDP

• Israel Private Consumption accounted for 47.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 50.7 % in the previous quarter.
• Israel Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1995 to Dec 2024, with an average share of 52.8 %.
• The data reached an all-time high of 59.6 % in Sep 2008 and a record low of 45.5 % in Dec 2023.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Central Bureau of Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Israel Private Consumption: % of GDP

• In the latest reports, Israel GDP expanded 4.1 % YoY in Mar 2023.
• Its Nominal GDP reached 127.0 USD bn 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.

Israel: Percent of world GDP: The latest value from 2023 is 0.49 percent, a decline from 0.52 percent in 2022. In comparison, the world average is 0.53 percent, based on data from 188 countries. Historically, the average for Israel from 1980 to 2023 is 0.35 percent. The minimum value, 0.24 percent, was reached in 1980 while the maximum of 0.52 percent was recorded in 2022.