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.

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.

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.

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.

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.

The gross domestic product (GDP) per capita in Israel was forecast to continuously increase between 2024 and 2029 by in total 7,941 U.S. dollars (+14.95 percent). After the sixth consecutive increasing year, the GDP per capita is estimated to reach 61,051.9 U.S. dollars and therefore a new peak in 2029. 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).Find more key insights for the gross domestic product (GDP) per capita in countries like Syria, Oman, and Lebanon.

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.

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.

This statistic shows gross domestic product (GDP) of the MENA countries in 2023. The MENA region in North Africa and the Middle East comprises the countries Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, GDP of Algeria amounted to approximately 240.06 billion U.S. dollars.

Os dados de Pib Per Capita de Israel foram registrados em 54,191.462 USD em 2024. Este é um registro de um aumento com relação aos números anteriores de 51,750.494 USD em 2023. Os dados de Pib Per Capita de Israel são atualizados anualmente, com uma média de 30,250.165 USD em 1995 até 2024, com 30 observações. Os dados alcançaram um alto recorde de 54,396.600 USD em 2022 e um baixo recorde de 18,638.043 USD em 2002. Os dados de Pib Per Capita de Israel permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: GDP Per Capita: USD: Annual.

In 2022, Israel invested six percent of the country's gross domestic product (GDP) into research and development, the highest worldwide. In South Korea, the expenditure on R&D reached over five percent of its GDP.

El Producto Interno Bruto per cápita en Israel fue registrado por última vez en 42852.58 dólares estadounidenses en 2023. El PIB per cápita en Israel equivale al 339 por ciento del promedio mundial. Los valores actuales, los datos históricos, las previsiones, estadísticas, gráficas y calendario económico - Israel - PIB - Por habitante.

The international tourism expenditure per capita in Israel was forecast to continuously increase between 2024 and 2029 by in total 1,474.2 U.S. dollars (+87.48 percent). According to this forecast, in 2029, the expenditure will have increased for the ninth consecutive year to 3,159.35 U.S. dollars. Covered are expenditures of international outbound visitors to other countries from the selected region, including payments to foreign carriers for international transport. Domestic tourism expenditures are not included. The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the international tourism expenditure per capita in countries like Jordan and Iraq.

8,14 (index) in 2012.

Switzerland had the highest level of the Human Development Index (HDI) worldwide in 2022 with a value of 0.967. With a score of 0.966, Norway followed closely behind Switzerland and had the second highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number four and number nine of the HDI, respectively, Hong Kong and Singapore are the only Asian locations within the top 10 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was 5,703 U.S. dollars, increasing throughout the decades until reaching 50,029 in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly 31 billion U.S. dollars, which has risen to nearly 501 billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third largest GDP behind Saudi Arabia and Israel, reaching nearly 507 billion U.S. dollars by 2022. Per capita, the UAE GDP was around 21,142 U.S. dollars in 1989, and has nearly doubled to 43,438 U.S. dollars by 2021. Moreover, this is expected to reach over 67,538 U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

Kuwait and Saudi Arabia were expected to have the highest GDP (Gross Domestic Product) growth in the Gulf Cooperation Council in 2022 at an 8.7 and 7.6 percent increase, respectively. Outside the GCC, Iraq and Israel were expected to see the biggest increase in GDP at 9.3 and 6.1 percent, respectively. Apart from Jordan and Yemen, all other countries in the Middle East region were forecast to see a significant drop in GDP growth in 2023 over 2022.

GDP contributors Travel and tourism were a key contributor to GDP in the region and it was forecast to see a significant increase in the coming years. Additionally, in three of the six GCC countries, oil and gas production amounted to at least 40 percent of GDP contribution. The United Arab Emirates ranked fourth worldwide with a 27 percent contribution to GDP coming from oil and gas production. Despite this, the distribution of GDP contribution in the UAE comes from many different sectors and industries, leading to one of the more diversified economies in the region. Diversification and self-sufficiency Countries in the region have been striving for more economic diversity to help future-proof their economies. For example, in 2016 Saudi Arabia launched Vision 2030, a program to introduce new and varied revenue streams in the country, create jobs, and attract foreign investment. Furthermore, food self-sufficiency in the GCC has become a priority, with countries pushing to produce more of their food needs locally.

The statistic shows gross domestic product (GDP) per capita in the MENA countries in 2023. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. The MENA region in North Africa and Asia comprises Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen. In 2023, the estimated GDP per capita in Algeria amounted to around 5,221.81 U.S. dollars.

The decades that followed the Second World War were among the most prosperous in modern history, and are referred to as the Golden Age of Capitalism in many countries. This period came to an end, however, with the 1973-1975 recession. Differences across the bloc Across the OECD member states, there was a significant drop in real GDP growth over the two decades, falling from an average of five percent annual growth in the 1960s to just 3.5 percent annually in most of the 1970s. Of all OECD countries shown here, Japan experienced the highest rate of real GDP growth in both decades, although it dropped from 11 to six percent between these years (Japan's real GDP growth was still higher in the 1970s than the other members' rates in the 1960s). Switzerland saw the largest relative decline over the two periods, with growth in the 1970s below one third of its growth rate in the 1960s. What caused the end of rapid growth? The Yom Kippur War between Israel and its Arab neighbors (primarily Egypt and Syria) resulted in the Arab oil-producing states placing an embargo on Israel's Western allies. This resulted in various energy and economic crises, compounded by other issues such as the end of the Bretton Woods financial system, which had far-reaching consequences for the OECD bloc. Additionally, the cost of agricultural goods and raw materials increased, and there was a very rare case of stagflation across most of the world's leading economies.

The gross domestic product (GDP) per capita in Jordan was forecast to continuously increase between 2024 and 2029 by in total 1,213.3 U.S. dollars (+25.91 percent). After the ninth consecutive increasing year, the GDP per capita is estimated to reach 5,895.39 U.S. dollars and therefore a new peak in 2029. 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).Find more key insights for the gross domestic product (GDP) per capita in countries like Israel, Kuwait, and Syria.

The United States led the ranking of the countries with the highest military spending in 2023, with 916 billion U.S. dollars dedicated to the military. That constituted over 40 percent of the total military spending worldwide that year, which amounted to 2.4 trillion U.S. dollars. This amounted to 3.5 percent of the U.S. gross domestic product (GDP), placing the U.S. lower in the ranking of military expenditure as a percentage of GDP than for instance Saudi Arabia, Israel, Algeria, and Russia. China was the second largest military spender with an estimated 296 billion U.S. dollars spent, with Russia following in third. Defense budgetAccording to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.Global military spendingThe value of military spending globally has grown steadily in the past years and reached 2.44 trillion U.S. dollars in 2023. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.