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 Israel expanded 3 percent in the third 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.

The gross domestic product (GDP) in current prices in Israel amounted to 542.29 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 517.25 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 256.77 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.

In the first quarter of 2025, nominal GDP in Israel decreased to just over *** billion Israeli shekels, some *** billion U.S. dollars. This accounted for a quarterly decline of about *** percent. After an initial shock at 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.

GDP Growth Annualized in Israel increased to 12.40 percent in the third quarter of 2025 from -3.90 percent in the second quarter of 2025. 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 stood at 0.95 percent. Between 1980 and 2024, the figure dropped by 2.62 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by 2.42 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.

Key information about Israel GDP Per Capita

• Israel Gross Domestic Product (GDP) per Capita reached 54,382.477 USD in Dec 2024, compared with 51,872.715 USD in Dec 2023.
• Israel GDP Per Capita data is updated yearly, available from Dec 1995 to Dec 2024, with an average number of 0.000 USD.
• 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 3.518 % YoY in Sep 2025.
• Israel Nominal GDP reached 159.219 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 1.267 % in Sep 2025.
• Gross Savings Rate of Israel was measured at 24.641 % in Sep 2025.

The gross domestic product (GDP) per capita in Israel was 54,290 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 47,900 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 17,420 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).

The latest data from show economic growth of 3.52 percent, which is an increase from the rate of growth of 1.63 percent in the previous quarter and
an increase compared to the growth rate of -0.67 percent in the same quarter last year. The economic growth time series for Israel cover the period...

The Gross Domestic Product (GDP) in Israel expanded 3.52 percent in the third 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.

The Gross Domestic Product per capita in Israel was last recorded at 41845.17 US dollars in 2024. The GDP per Capita in Israel is equivalent to 331 percent of the world's average. This dataset provides - Israel GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Israel: GDP per capita, current U.S. dollars: The latest value from 2024 is 54176.68 U.S. dollars, an increase from 52003.72 U.S. dollars in 2023. In comparison, the world average is 19439.19 U.S. dollars, based on data from 176 countries. Historically, the average for Israel from 1960 to 2024 is 18187.49 U.S. dollars. The minimum value, 1293.57 U.S. dollars, was reached in 1962 while the maximum of 54949.62 U.S. dollars was recorded in 2022.

In 2024, the ratio of national debt to gross domestic product (GDP) of Israel was 67.64 percent. Between 2000 and 2024, the figure dropped by 9.57 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by 4.32 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.

Dataset of the Israel GDP Annual Growth Rate, including historical data, latest releases, and long-term trends from 1961-12-31 to 2024-12-31. Available for free download in CSV format.

Key information about Israel Investment: % of GDP

• Israel Investment accounted for 24.5 % of its Nominal GDP in Sep 2025, compared with a ratio of 24.4 % in the previous quarter.
• Israel investment share of Nominal GDP data is updated quarterly, available from Mar 1995 to Sep 2025, with an average ratio of 21.0 %.
• The data reached an all-time high of 30.6 % in Dec 1995 and a record low of 20.0 % 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 3.5 % YoY in Sep 2025.
• Israel Nominal GDP reached 159.2 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 1.3 % in Sep 2025.
• Israel GDP Per Capita reached 54,382.5 USD in Dec 2024.
• Its Gross Savings Rate was measured at 24.6 % in Sep 2025.

Yearly (annual) dataset of the Israel GDP per Capita, including historical data, latest releases, and long-term trends from 1960-12-31 to 2024-12-31. Available for free download in CSV format.

Key information about Israel Private Consumption: % of GDP

• Israel Private Consumption accounted for 50.8 % of its Nominal GDP in Sep 2025, compared with a ratio of 48.6 % in the previous quarter.
• Israel Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1995 to Sep 2025, with an average share of 53.9 %.
• The data reached an all-time high of 59.6 % in Sep 2008 and a record low of 45.4 % 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 3.5 % YoY in Sep 2025.
• Its Nominal GDP reached 159.2 USD bn in Sep 2025.
• Israel GDP Per Capita reached 54,382.5 USD in Dec 2024.
• Its Gross Savings Rate was measured at 24.6 % in Sep 2025.

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 GDP Deflator Growth

• Israel GDP deflator (implicit price deflator) increased 1.3 % in Sep 2025, compared with an increase of 1.5 % in the previous quarter.
• Israel GDP Deflator Growth data is updated quarterly, available from Mar 1996 to Sep 2025, with an average rate of 1.8 %.
• The data reached an all-time high of 10.0 % in Sep 1996 and a record low of -2.7 % in Sep 2003.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. The Central Bureau of Statistics provides Nominal GDP in local currency and Real GDP in local currency, at chain linked 2020 prices. GDP Deflator Growth prior to Q1 2012 is calculated from Real GDP at chain linked 2015 prices.


Related information about Israel GDP Deflator Growth

• In the latest reports, Israel GDP expanded 3.5 % YoY in Sep 2025.
• Its Nominal GDP reached 159.2 USD bn in Sep 2025.
• Israel GDP Per Capita reached 54,382.5 USD in Dec 2024.
• Its Gross Savings Rate was measured at 24.6 % in Sep 2025.