The gross domestic product (GDP) in current prices in Israel was forecast to continuously increase between 2024 and 2029 by in total 139.2 billion U.S. dollars (+26.36 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 667.23 billion U.S. dollars and therefore a new peak in 2029. 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Oman, Syria, and Yemen.

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.

The growth of the real gross domestic product (GDP) in Israel was forecast to increase between 2024 and 2029 by in total 2.7 percentage points. This overall increase does not happen continuously, notably not in 2027. The growth is estimated to amount to 3.37 percent in 2029. Following the definition of the International Monetary Fund, this indicator refers to 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.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Syria, Qatar, and Iran.

The Gross Domestic Product (GDP) in Israel expanded 0.60 percent in the fourth quarter of 2024 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 Israel expanded 5.46 percent in the fourth quarter of 2024 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.

Israel gdp growth rate for 2023 was 2.00%, a 4.84% decline from 2022.

• Israel gdp growth rate for 2022 was 6.83%, a 1.78% decline from 2021.
• Israel gdp growth rate for 2021 was 8.61%, a 10.47% increase from 2020.
• Israel gdp growth rate for 2020 was -1.86%, a 6.01% decline from 2019.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

GDP Growth Annualized in Israel decreased to 2 percent in the fourth quarter of 2024 from 5 percent in the third 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.

The ratio of national debt to gross domestic product (GDP) in Israel was forecast to increase between 2024 and 2029 by in total 2.1 percentage points. This overall increase does not happen continuously, notably not in 2026. According to this forecast, in 2029, the ratio will have increased for the third consecutive year to 70.08 percent. This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, 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. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Saudi Arabia, Lebanon, and Kuwait.

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.

Israel GDP for 2023 was 509.90 billion US dollars, a 2.88% decline from 2022.

• Israel GDP for 2022 was 525.00 billion US dollars, a 7.47% increase from 2021.
• Israel GDP for 2021 was 488.53 billion US dollars, a 18.21% increase from 2020.
• Israel GDP for 2020 was 413.27 billion US dollars, a 2.68% increase from 2019.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

In 2025, Israel was given a score of 69.9 on the Economic Freedom Index published by The Heritage Foundation. This positions the country's economy as the top 26th most liberal in the world, just below the United States. The world average economic freedom score in 2021 was 61.6.

Israel IL: GDP: Growth: Deflator: Final Consumption Expenditure: Private data was reported at 2.827 % in 2026. This records a decrease from the previous number of 3.198 % for 2025. Israel IL: GDP: Growth: Deflator: Final Consumption Expenditure: Private data is updated yearly, averaging 2.056 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 7.339 % in 1996 and a record low of -0.816 % in 2016. Israel IL: GDP: Growth: Deflator: Final Consumption Expenditure: Private 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.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. PCP_YTYPCT - Private final consumption expenditure, deflator, growth Year-on-year percentage changes

GDP, PPP (current international $) in Israel was reported at 528107993573 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 March of 2025.

Israel's consumer confidence index reached 45 points in January 2025, showing a slight improvement from December 2024. Still, public sentiment remained below the previous 12-month average of 48 points. This figure reflected the ongoing impact of the Israel-Hamas conflict on consumer sentiment, which has been relatively low since the war began in October 2023. The index provides insight into Israeli households' perceptions of their financial situations and major purchasing plans. Public consumption recovers Despite the subdued consumer confidence, the consumer market in Israel tells a different story. Private consumption reached over 250 billion Israeli shekels (about 68 billion U.S. dollars) in the third quarter of 2024, representing an increase of almost 10 percent from the previous quarter. This was part of a longer upward trend in spending for three consecutive quarters. The gradual improvement in consumer spending suggests a steady recovery in the consumption side of the economy. Credit card transactions are growing Credit card transactions also demonstrated signs of recovery. In the first quarter of 2024, the total value of credit card transactions in Israel amounted to over 124 billion Israeli shekels (about 34 billion U.S. dollars), marking a 12.5 percent increase from the previous quarter. This growth was observed across both large and small businesses, with transactions in large businesses reaching over 82 billion Israeli shekels (about 22 billion U.S. dollars) during the first months of 2024.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Israel IL: Ref. Year = 2015: GDP: Volume: Total Expenditure data was reported at 2,304.647 ILS bn in 2026. This records an increase from the previous number of 2,201.079 ILS bn for 2025. Israel IL: Ref. Year = 2015: GDP: Volume: Total Expenditure data is updated yearly, averaging 1,311.448 ILS bn from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 2,304.647 ILS bn in 2026 and a record low of 710.145 ILS bn in 1995. Israel IL: Ref. Year = 2015: GDP: Volume: Total Expenditure 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.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. TEV - Total expenditure, nominal value OECD calculation, see OECD Economic Outlook database documentation

L'indice des prix du PIB en Israël est passé à 117,25 points au quatrième trimestre 2023 contre 116,38 points au troisième trimestre 2023. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Israël - Déflateur du PIB.

Israel IL: GDP: Growth: Volume: Exports of Goods and Services data was reported at 8.453 % in 2026. This records an increase from the previous number of 1.376 % for 2025. Israel IL: GDP: Growth: Volume: Exports of Goods and Services data is updated yearly, averaging 5.447 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 23.571 % in 2000 and a record low of -11.443 % in 2009. Israel IL: GDP: Growth: Volume: Exports 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.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Israel IL: Potential Output of Total Economy data was reported at 2,329.196 ILS bn in 2026. This records an increase from the previous number of 2,190.631 ILS bn for 2025. Israel IL: Potential Output of Total Economy data is updated yearly, averaging 921.659 ILS bn from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 2,329.196 ILS bn in 2026 and a record low of 320.898 ILS bn in 1995. Israel IL: Potential Output of Total Economy 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation