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Israel economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Israel ranked 27/197 by economy size with a GDP of $611B and 19/197 by GDP per capita at $60,337. Israel has $418B in government debt, with a debt-to-GDP ratio of 68.5%.

In 2025, Israel made up 0.52% of the world's economy, compared to 0.22% in 1960.

Israel GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $610,777,842,874 2.93%
2024 $542,284,494,491 0.95%
2023 $513,393,395,492 2.06%
2022 $525,157,951,213 6.36%
2021 $489,735,019,666 9.34%
2020 $410,908,899,711 -1.8%
2019 $399,207,771,082 3.58%
2018 $375,470,422,244 4.05%
2017 $357,360,816,857 4.34%
2016 $321,083,954,798 4.54%
2015 $302,841,190,258 2.24%
2014 $314,376,760,832 3.72%
2013 $298,045,324,736 4.09%
2012 $263,172,104,091 2.41%
2011 $267,739,352,609 5.51%
2010 $239,372,857,534 5.54%
2009 $213,112,649,594 1.22%
2008 $220,952,472,408 3.22%
2007 $184,448,882,452 6.31%
2006 $158,706,516,002 5.59%
2005 $147,346,035,831 4.35%
2004 $139,925,423,025 4.65%
2003 $131,278,887,815 1.43%
2002 $125,215,963,105 -0.15%
2001 $134,889,159,474 0.27%
2000 $136,409,902,632 8.59%
1999 $121,329,240,042 3.29%
1998 $120,468,659,246 4.1%
1997 $119,389,303,067 3.61%
1996 $115,051,957,577 5.84%
1995 $105,432,315,611 6.6%
1994 $90,684,108,118 7.43%
1993 $79,806,598,120 4.12%
1992 $79,408,652,426 7.76%
1991 $70,954,941,681 7.73%
1990 $61,978,459,022 7.32%
1989 $52,411,116,588 0.57%
1988 $52,618,458,014 2.91%
1987 $43,022,977,765 7.14%
1986 $35,812,041,620 4.19%
1985 $28,887,898,639 4.04%
1984 $30,626,695,891 0.93%
1983 $32,655,591,256 3.36%
1982 $29,237,231,967 2.08%
1981 $26,865,420,933 5.34%
1980 $25,379,585,067 1.67%
1979 $22,595,788,591 6.21%
1978 $17,690,363,444 5.56%
1977 $18,245,847,441 1.04%
1976 $15,946,502,888 0.32%
1975 $16,131,806,290 3.24%
1974 $17,162,009,924 6.48%
1973 $11,895,229,181 5.59%
1972 $9,216,866,299 12.1%
1971 $7,048,191,876 11%
1970 $7,402,142,195 7.31%
1969 $6,293,966,357 13.6%
1968 $5,455,059,532 16.2%
1967 $4,759,447,914 3%
1966 $4,700,397,692 -0.08%
1965 $4,326,412,951 9%
1964 $4,021,861,430 7.94%
1963 $3,533,767,055 10.7%
1962 $2,964,323,618 10.2%
1961 $3,706,297,903 11.2%
1960 $3,068,690,949 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

Israel GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $60,337 -
2024 $54,217 $57,236
2023 $52,126 $55,171
2022 $54,947 $53,619
2021 $52,258 $46,162
2020 $44,591 $40,955
2019 $44,092 $41,325
2018 $42,269 $40,190
2017 $41,013 $39,471
2016 $37,571 $38,189
2015 $36,138 $35,871
2014 $38,265 $34,816
2013 $36,981 $34,827
2012 $33,269 $32,484
2011 $34,477 $31,314
2010 $31,399 $29,456
2009 $28,470 $28,087
2008 $30,231 $28,084
2007 $25,689 $28,307
2006 $22,500 $26,385
2005 $21,262 $25,701
2004 $20,550 $26,078
2003 $19,624 $24,702
2002 $19,059 $26,101
2001 $20,949 $25,806
2000 $21,690 $25,766
1999 $19,809 $23,415
1998 $20,176 $22,927
1997 $20,457 $22,279
1996 $20,213 $21,672
1995 $19,014 $20,642
1994 $16,796 $19,478
1993 $15,169 $18,218
1992 $15,500 $17,553
1991 $14,337 $16,486
1990 $13,300 $15,721
1989 $11,601 -
1988 $11,846 -
1987 $9,847 -
1986 $8,330 -
1985 $6,824 -
1984 $7,364 -
1983 $7,955 -
1982 $7,253 -
1981 $6,791 -
1980 $6,545 -
1979 $5,968 -
1978 $4,794 -
1977 $5,050 -
1976 $4,514 -
1975 $4,669 -
1974 $5,082 -
1973 $3,629 -
1972 $2,928 -
1971 $2,297 -
1970 $2,489 -
1969 $2,188 -
1968 $1,946 -
1967 $1,734 -
1966 $1,788 -
1965 $1,688 -
1964 $1,625 -
1963 $1,485 -
1962 $1,293 -
1961 $1,696 -
1960 $1,452 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

Israel has a GDP per capita of $60,337, ranking 19/197, a GDP per capita based on purchasing power parity (PPP) of $57,236, ranking 36/197, and a median annual after tax income of $48,251, ranking 12/197.

Israel GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 26 16 -
2024 29 20 32
2023 30 22 34
2022 29 16 33
2021 29 21 34
2020 29 20 37
2019 32 23 37
2018 35 26 36
2017 33 24 35
2016 34 27 34
2015 36 27 36
2014 37 30 36
2013 37 30 35
2012 40 31 35
2011 40 31 37
2010 40 31 40
2009 40 32 43
2008 42 33 45
2007 42 34 43
2006 42 35 42
2005 38 33 37
2004 37 33 33
2003 35 32 34
2002 35 28 32
2001 30 26 32
2000 30 27 31
1999 34 27 33
1998 33 26 31
1997 34 27 28
1996 36 25 26
1995 35 25 26
1994 34 24 27
1993 34 25 29
1992 35 28 28
1991 36 27 30
1990 38 28 31
1989 37 26 -
1988 38 26 -
1987 38 28 -
1986 38 29 -
1985 43 33 -
1984 42 30 -
1983 40 28 -
1982 42 30 -
1981 43 31 -
1980 43 30 -
1979 42 30 -
1978 44 31 -
1977 41 28 -
1976 41 28 -
1975 36 27 -
1974 33 25 -
1973 35 27 -
1972 37 26 -
1971 42 29 -
1970 38 21 -
1969 40 16 -
1968 39 18 -
1967 41 19 -
1966 39 19 -
1965 39 19 -
1964 38 19 -
1963 41 18 -
1962 41 19 -
1961 36 8 -
1960 39 10 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

Compared with 2000, in 2025 Israel is ranked 26th out of 179 by GDP (up from 30th), 16th by GDP per capita (up from 27th), and 32nd by GDP per capita PPP (down from 31st).

Economic indicators

Israel Rank
Gross domestic product
$611B
2025
27/197
GDP growth
2.93%
2024-2025
109/194
GDP per capita
$60,337
2025
19/197
GDP per capita, PPP
$57,236
2024
36/197
Government debt
$418B
2025
23/185
Debt-to-GDP ratio
68.5%
2025
60/185
Government debt per person
$41,338
2025
16/185
Average annual personal income after taxes
$48,251
2026
12/197
Listed domestic companies
511
2024
16/103
Market capitalization of domestic companies
$331B
2024
27/100
Number of millionaires
195,000
2026
25/40
Millionaire frequency
1 in 34
2026
18/40
Number of billionaires
42
2026
17/74
Billionaire frequency
1 in 156,117
2026
5/74
Income share by richest 10%
27%
2022
91/169
Income share by poorest 10%
1.8%
2022
149/169
Government expenditure, % of GDP
43.6%
2025
41/195
Consumer prices inflation
3.04%
2024-2025
95/195
Central bank interest rate
3.75%
2026
77/106
Unemployment rate
3%
2025
157/196
Population
10334048
96/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 43.6% 68.5% -5.22%
2024 43.7% 67.7% -8.07%
2023 39.6% 61.3% -5.38%
2022 36.9% 60.3% 0.3%
2021 40.1% 67.7% -3.37%
2020 44.8% 71.1% -10.6%
2019 38.7% 59.3% -3.79%
2018 39.2% 60.1% -3.58%
2017 38.4% 59.8% -1.17%
2016 37.9% 61.7% -1.78%
2015 37.6% 62.8% -1.2%
2014 38.3% 65.8% -2.28%
2013 39.7% 66% -4.07%
2012 39.6% 66.9% -4.46%
2011 39.3% 67.2% -3.43%
2010 39.7% 69% -3.72%
2009 41.4% 72.6% -6.53%
2008 41.2% 70.2% -3.49%
2007 40.2% 70.8% -0.43%
2006 41.6% 77.7% -0.94%
2005 42.3% 85.2% -2.74%
2004 43% 88.3% -3.4%
2003 45.4% 89.7% -5.03%
2002 50% 87.2% -8.21%
2001 46.1% 81.1% -4.06%
2000 43.4% 77.2% -0.8%
1999 53.6% 94.8% -6.26%
1998 55% 101% -7.99%
1997 52.6% 99.3% -4.84%
1996 53.2% 100.3% -5.97%
1995 52.8% 102.3% -4.28%
1994 41.7% 110.2% -5.62%
1993 42.2% 118.3% -5.62%
1992 44.1% 119.6% -8%
1991 34.4% 123.7% -7.04%
1990 46.8% 138.3% -9.67%
1989 47.5% 147.4% -9.03%
1988 46.5% 145.4% -7.57%
1987 52.8% 143.2% -7.47%
1986 55.7% 162.5% -7.51%
1985 65.2% 199% -14.2%
1984 - 284% -
1983 - 260.5% -
1982 69.7% - -13.8%
1981 71.8% - -23.5%
1980 69.4% 154.3% -19.6%
1979 70.1% 155.5% -16.7%
1978 62.2% 133.6% -14.7%
1977 69.1% 142% -20.3%
1976 66.3% 97.4% -19.4%
1975 62% 85.1% -19.6%
1974 - 79.8% -
1973 - 62.1% -
1972 - 63.9% -
1971 - - -
1970 41.6% - -16%
1969 41.1% - -15.3%
1968 39.4% - -11.7%
1967 33.9% - -7.68%
1966 29.6% - -4.35%
1965 27.8% - -2.72%
1964 28.2% - -3.65%
1963 26.9% - -4.41%
1962 27.7% - -4.09%
1961 30.3% - -5.86%
1960 30.4% - -6.62%
1959 30.1% - -7.23%
1958 28.7% - -8.31%
1957 23.2% - -7.17%
1956 25.9% - -9.3%
1955 23.9% - -4.3%
1954 20.2% - -7.84%
1953 19.3% - -8.32%
1952 17.2% - -7.19%
1951 17.7% - -8.13%
1950 18.8% - -10.7%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

This chart shows Israel's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 48 years, Israel recorded a fiscal deficit in 47 of them, with an average annual deficit equal to 7.01% of GDP. In 2025, government spending reached $266B (43.6% of GDP), with a deficit of 5.22%.

The national debt reached $418B, ranking 23rd out of 185 countries by total size, with a debt-to-GDP ratio of 68.5%, ranking 60th.

Inflation rate by year

1x
Year Inflation
2025 3.04%
2024 3.07%
2023 4.23%
2022 4.41%
2021 1.48%
2020 -0.58%
2019 0.82%
2018 0.81%
2017 0.25%
2016 -0.54%
2015 -0.62%
2014 0.47%
2013 1.59%
2012 1.68%
2011 3.49%
2010 2.7%
2009 3.37%
2008 4.53%
2007 0.47%
2006 2.05%
2005 1.34%
2004 -0.42%
2003 0.71%
2002 5.8%
2001 1.12%
2000 1.03%
1999 5.19%
1998 5.49%
1997 8.95%
1996 11.5%
1995 9.93%
1994 12.3%
1993 10.9%
1992 12.1%
1991 19.1%
1990 17.3%
1989 20.3%
1988 16.4%
1987 19.1%
1986 47.6%
1985 307%
1984 373%
1983 146%
1982 120.4%
1981 116.8%
1980 131%
1979 78.3%
1978 50.6%
1977 34.6%
1976 31.3%
1975 39.3%
1974 39.7%
1973 20%
1972 12.9%
1971 12%
1970 6.11%
1969 2.46%
1968 2.08%
1967 1.71%
1966 7.93%
1965 7.71%
1964 5.17%
1963 6.58%
1962 9.41%
1961 6.79%
1960 2.23%

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

Over the past 20 years, Israel has had an average annual inflation rate of 1.84%. In 2025, inflation was 3.04%. The bar chart above shows consumer price inflation by year.

Balance of trade

Israel Rank
Current account balance
$8.53B
2025
26/190
Current account balance, % of GDP
+1.4%
2025
60/190
Goods imports
$102B
2025
40/189
Goods exports
$76.2B
2025
46/189
Service imports
$53.2B
2025
33/189
Service exports
$92.4B
2025
24/189
Imports of goods and services, % of GDP
25.4%
2025
149/182
Exports of goods and services, % of GDP
27.6%
2025
120/193

Israel top 10 trading partners

Israel's biggest trading partner accounting for 19.5% of all exports and imports is the United States, with a trade balance between the two of +$6.12B: Israel exports $16.1B worth of goods and services to the United States and imports $9.99B.

Below is the list of the top 10 trade partners of Israel.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $26.1B 19.5% $16.1B $9.99B IT & IP services Machinery & equipment
2 China $23.6B 17.6% $2.79B $20.8B Machinery & equipment Machinery & equipment
3 Germany $8.95B 6.67% $3.03B $5.92B Machinery & equipment Machinery & equipment
4 Italy $5.34B 3.98% $1.29B $4.05B Chemicals & pharma Machinery & equipment
5 India $4.68B 3.49% $2.47B $2.2B Machinery & equipment Precious metals & jewellery
6 Netherlands $4.19B 3.13% $2.64B $1.56B Machinery & equipment Machinery & equipment
7 France $3.84B 2.86% $1.41B $2.43B Machinery & equipment Machinery & equipment
8 United Kingdom $3.65B 2.72% $1.52B $2.12B IT & IP services Machinery & equipment
9 South Korea $3.64B 2.72% $1.12B $2.52B Machinery & equipment Machinery & equipment
10 Spain $2.91B 2.17% $1B $1.91B Machinery & equipment Machinery & equipment

Top 10 exports

Israel Rank
IT & IP services $35.8B 12/185
Business & finance services $32.8B 21/189
Machinery & equipment $28.3B 37/193
Transport & tourism services $11.1B 51/191
Chemicals & pharma $8.41B 36/193
Raw materials & minerals $7.01B 68/193
Precious metals & jewellery $5.05B 34/190
Textiles & consumer goods $3B 51/193
Metals $2.7B 58/192
Weapons & explosives $2.38B 8/187

Top 10 imports

Israel Rank
Machinery & equipment $38.3B 39/193
Business & finance services $17.4B 31/189
Transport & tourism services $12.6B 48/191
Chemicals & pharma $11.9B 41/193
Raw materials & minerals $10.5B 52/193
Textiles & consumer goods $8.68B 40/193
Metals $6.46B 44/193
Processed food, beverages & tobacco $5.07B 43/193
IT & IP services $4.35B 40/185
Precious metals & jewellery $3.76B 26/193

Economic freedom indices

Israel Rank
Economic freedom 68.4 47/197
Property rights 73.1 44/182
Government integrity 66.2 33/182
Judicial effectiveness 68.1 49/182
Tax burden 60.2 170/182
Government spending 52 136/180
Fiscal health 60.8 115/181
Business freedom 72.4 54/182
Labor freedom 56.8 83/182
Monetary freedom 78.2 33/180
Trade freedom 82.8 16/181
Investment freedom 70 33/181
Financial freedom 80 5/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 68.4 68.1 60.2 52 60.8
2025 69.9 68.1 60.8 55.6 81.7
2024 70.1 84.4 59.3 50.7 58.6
2023 68.9 62.7 60.9 49.1 31.1
2022 68 85 60.4 48.4 23.1
2021 73.8 79.8 60 53.8 79.2
2020 74 71.8 61 53.5 89.2
2019 72.8 73.4 61.9 52.4 85.3
2018 72.2 83.1 60.9 51.8 79
2017 69.7 82 61 50.5 71.8
2016 70.7 - 60.6 48.8 -
2015 70.5 - 61.9 47.8 -
2014 68.4 - 60.1 40.3 -
2013 66.9 - 60.2 39.3 -
2012 67.8 - 64.1 41 -
2011 68.5 - 62.3 44.8 -
2010 67.7 - 58.4 35.4 -
2009 67.6 - 57.1 35.1 -
2008 66.3 - 55.9 35.1 -
2007 64.8 - 58 33.4 -
2006 64.4 - 55.2 28.3 -
2005 62.6 - 53.9 15.1 -
2004 61.4 - 52.7 7.6 -
2003 62.7 - 52.7 10.9 -
2002 66.9 - 54.8 33.7 -
2001 66.1 - 53.1 30.9 -
2000 65.5 - 52.8 9.3 -
1999 68.3 - 52.9 28.8 -
1998 68 - 52.2 32.3 -
1997 62.7 - 51.7 32 -
1996 62 - 51.1 27.7 -
1995 61.5 - 44.8 30 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

Israel is ranked 41/174 for economic freedom with a score of 68.4, compared to 48/162 and a score of 64.4 in 2006.

Other economic metrics

Israel Rank
Services, % of GDP
72.8%
2024
16/191
Industry, % of GDP
17.2%
2024
148/194
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
166/193
GNI, Atlas method
$569B
2025
26/194
GNI per capita, PPP
$58,870
2025
35/191
Total reserves including gold
$229B
2025
18/177
Net foreign direct investment
-$11.8B
2025
179/189
Net inflows of foreign direct investment
$14.8B
2024
25/193
Net outflows of foreign direct investment
$9.92B
2024
28/193
Poverty at national poverty lines
22%
2020
82/176
Gross capital formation, % of GDP
24.3%
2025
76/179

Compare Israel vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/israel | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.