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Economy of Israel vs Jordan compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $53.4B for Jordan, ranking 29/197 and 90/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Israel vs Jordan GDP by year

Israel
Jordan
1x
Year GDP, current $
Israel Jordan
2024 $540,379,921,262 $53,352,289,577
2023 $512,184,638,999 $51,088,476,338
2022 $525,181,008,026 $48,764,963,380
2021 $489,851,549,972 $46,296,100,141
2020 $410,768,352,658 $43,700,383,099
2019 $400,645,216,359 $44,503,006,338
2018 $376,299,083,108 $43,370,860,704
2017 $358,451,839,053 $41,608,435,915
2016 $321,940,971,558 $39,892,551,127
2015 $303,469,434,072 $38,587,017,887
2014 $315,017,088,117 $36,847,643,521
2013 $298,478,070,673 $34,454,440,141
2012 $263,589,172,712 $31,634,561,690
2011 $268,094,998,225 $29,524,149,155
2010 $239,679,036,634 $27,133,804,225
2009 $213,403,181,853 $24,537,876,056
2008 $221,231,658,863 $22,658,715,989
2007 $184,681,214,673 $17,110,437,236
2006 $158,900,547,825 $15,056,981,664
2005 $147,519,922,009 $12,588,998,590
2004 $140,047,984,605 $11,411,706,629
2003 $131,408,914,824 $10,195,627,645
2002 $125,332,331,884 $9,582,510,578
2001 $135,002,039,613 $8,975,814,653
2000 $136,512,300,542 $8,460,789,845
1999 $121,417,185,062 $8,149,929,478
1998 $120,547,409,279 $7,912,270,804
1997 $119,459,826,347 $7,245,839,210
1996 $115,116,595,545 $6,927,503,526
1995 $105,497,418,059 $6,727,597,032
1994 $90,740,103,829 $6,236,295,978
1993 $79,855,877,174 $5,606,400,222
1992 $79,457,685,757 $5,310,833,194
1991 $70,998,755,007 $4,344,467,193
1990 $62,016,729,541 $4,160,087,508
1989 $52,443,479,454 $4,221,373,674
1988 $52,650,948,910 $6,277,451,829
1987 $43,049,543,635 $6,756,209,762
1986 $35,834,154,874 $6,402,050,485
1985 $28,905,736,367 $4,993,601,520
1984 $30,645,607,293 $4,967,162,160
1983 $32,675,755,462 $4,920,692,191
1982 $29,255,285,401 $4,681,240,993
1981 $26,882,009,819 $4,383,944,703
1980 $25,395,256,478 $3,910,044,474
1979 $22,609,741,060 $3,271,368,781
1978 $17,701,286,907 $2,602,208,589
1977 $18,257,113,904 $2,096,778,602
1976 $15,956,349,550 $1,708,521,219
1975 $16,141,767,373 $1,363,073,498
1974 $17,172,607,138 $1,197,483,949
1973 $11,902,574,259 $943,783,840
1972 $9,222,557,539 $788,479,685
1971 $7,052,544,000 $678,159,729
1970 $7,406,712,876 $639,519,744
1969 $6,297,852,761 $698,879,720
1968 $5,458,427,928 $561,119,776
1967 $4,762,386,783 $631,679,747
1966 $4,703,300,098 $657,999,737
1965 $4,329,084,429 $599,759,760
1964 $4,024,344,853 -
1963 $3,535,949,089 -
1962 $2,966,154,031 -
1961 $3,708,586,471 -
1960 $3,070,585,807 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/israel/jordan | CC BY

GDP per capita in Israel vs Jordan by year

Israel
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $4,618 $10,821
2023 $52,004 $55,171 $4,466 $10,412
2022 $54,950 $53,619 $4,332 $9,927
2021 $52,271 $46,162 $4,183 $9,182
2020 $44,576 $40,955 $4,022 $9,579
2019 $44,251 $41,325 $4,170 $9,429
2018 $42,363 $40,190 $4,145 $9,042
2017 $41,138 $39,471 $4,066 $9,266
2016 $37,672 $38,189 $3,987 $8,748
2015 $36,213 $35,871 $4,043 $8,967
2014 $38,343 $34,816 $4,191 $9,145
2013 $37,034 $34,827 $4,311 $9,817
2012 $33,321 $32,484 $4,170 $9,739
2011 $34,523 $31,314 $3,947 $9,632
2010 $31,439 $29,456 $3,718 $9,417
2009 $28,508 $28,087 $3,436 $9,291
2008 $30,269 $28,084 $3,242 $8,983
2007 $25,721 $28,307 $2,506 $8,416
2006 $22,527 $26,385 $2,343 $8,046
2005 $21,287 $25,701 $2,088 $7,697
2004 $20,568 $26,078 $1,940 $7,074
2003 $19,643 $24,702 $1,776 $6,500
2002 $19,076 $26,101 $1,706 $6,256
2001 $20,966 $25,806 $1,632 $5,948
2000 $21,707 $25,766 $1,571 $5,641
1999 $19,823 $23,415 $1,545 $5,402
1998 $20,189 $22,927 $1,532 $5,264
1997 $20,469 $22,279 $1,436 $5,171
1996 $20,224 $21,672 $1,410 $5,055
1995 $19,026 $20,642 $1,416 $5,027
1994 $16,807 $19,478 $1,367 $4,830
1993 $15,179 $18,218 $1,289 $4,726
1992 $15,510 $17,553 $1,287 $4,654
1991 $14,346 $16,486 $1,110 $4,195
1990 $13,308 $15,721 $1,149 $4,317
1989 $11,608 - $1,260 -
1988 $11,853 - $1,966 -
1987 $9,853 - $2,217 -
1986 $8,335 - $2,200 -
1985 $6,829 - $1,797 -
1984 $7,369 - $1,871 -
1983 $7,960 - $1,939 -
1982 $7,258 - $1,929 -
1981 $6,795 - $1,885 -
1980 $6,549 - $1,750 -
1979 $5,972 - $1,519 -
1978 $4,797 - $1,249 -
1977 $5,053 - $1,039 -
1976 $4,516 - $873 -
1975 $4,672 - $718 -
1974 $5,085 - $651 -
1973 $3,631 - $531 -
1972 $2,930 - $460 -
1971 $2,298 - $412 -
1970 $2,490 - $409 -
1969 $2,189 - $474 -
1968 $1,947 - $409 -
1967 $1,735 - $497 -
1966 $1,789 - $558 -
1965 $1,689 - $546 -
1964 $1,626 - - -
1963 $1,486 - - -
1962 $1,294 - - -
1961 $1,697 - - -
1960 $1,452 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/israel/jordan | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Jordan ranks 131st at $10,821.

Economic indicators

Israel Jordan
Gross domestic product
$540B
2024
$53.4B
2024
GDP rank
29/197
2024
90/197
2024
GDP growth
0.87%
2023-2024
2.49%
2023-2024
GDP per capita
$54,177
2024
$4,618
2024
GDP per capita rank
21/197
2024
123/197
2024
GDP per capita, PPP
$57,236
2024
$10,821
2024
GDP per capita PPP rank
36/197
2024
131/197
2024
Government debt
$366B
2024
$48.1B
2024
Debt-to-GDP ratio
67.6%
2024
90.2%
2024
Government debt per person
$36,645
2024
$4,167
2024
Government debt per person rank
18/185
2024
91/185
2024
Average annual personal income after taxes
$43,003
2026
$4,787
2026
Market capitalization of domestic companies
$331B
2024
$24.9B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
27.4%
2010
Income share by poorest 10%
2%
2021
3.5%
2010
Government expenditure, % of GDP
43.8%
2024
33%
2024
Consumer prices inflation
3.07%
2023-2024
1.56%
2023-2024
Central bank interest rate
4.5%
2024
5.75%
2025
Unemployment rate
2.9%
2024
16.6%
2023
Population
10290887
11555022

Spending and national debt comparison by year

Israel
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Israel Jordan
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 33% 90.2%
2023 39.3% 61.3% 32.9% 89%
2022 36.9% 60.3% 33.3% 88.6%
2021 40% 67.7% 34.1% 87.6%
2020 44.8% 71.1% 33.7% 104.5%
2019 38.7% 59.3% 32.4% 92.9%
2018 39.2% 60.1% 32% 87.4%
2017 38.3% 59.8% 29.6% 86.1%
2016 37.9% 61.7% 29.8% 85%
2015 37.6% 62.8% 31.7% 83.4%
2014 38.3% 64.9% 39.2% 78.6%
2013 39.7% 66% 36.4% 78.1%
2012 39.6% 66.9% 32.2% 73.8%
2011 39.3% 67.2% 27.4% 63.9%
2010 39.7% 69% 29.8% 59.5%
2009 41.4% 72.6% 35.9% 55.5%
2008 41.2% 70.2% 35.8% 53.2%
2007 40.2% 70.8% 37.7% 64.4%
2006 41.6% 77.7% 34.7% 65.6%
2005 42.3% 85.2% 37.3% 80.5%
2004 43% 88.3% 36.6% 86%
2003 45.4% 89.7% 36% 94.6%
2002 50% 87.2% 32.9% 91.3%
2001 46.1% 81.1% 32.1% 89.7%
2000 43.4% 77.2% 33.1% 85.6%
1999 53.6% 94.8% 32.7% 98.1%
1998 55% 101% 34.9% 99.8%
1997 52.6% 99.3% 33.9% 98.1%
1996 53.2% 100.3% 36.2% 104.9%
1995 52.8% 102.3% 35.5% 106.1%
1994 41.7% 110.2% 34.3% 116.2%
1993 42.2% 118.3% 36.4% 126.6%
1992 44.1% 119.6% 35.5% 139.6%
1991 34.4% 123.7% 44.9% 187%
1990 46.8% 138.3% 44% 204.8%
1989 47.5% 147.4% 42.5% 195.4%
1988 46.5% 145.4% 44.3% 129.3%
1987 52.8% 143.2% 42.1% 101.9%
1986 55.7% 162.5% 33.8% 84.3%
1985 65.2% 199% 42.4% 85.2%
1984 - 284% - -
1983 - 260.5% - -
1982 69.7% - - -
1981 71.8% - - -
1980 69.4% 154.3% - -
1979 70.1% 155.5% - -
1978 62.2% 133.6% - -
1977 69.1% 142% - -
1976 66.3% 97.4% - -
1975 62% 85.1% - -
1974 - 79.8% - -
1973 - 62.1% - -
1972 - 63.9% - -
1971 - - - -
1970 41.6% - - -
1969 41.1% - - -
1968 39.4% - - -
1967 33.9% - - -
1966 29.6% - - -
1965 27.8% - - -
1964 28.2% - - -
1963 26.9% - - -
1962 27.7% - - -
1961 30.3% - - -
1960 30.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/jordan | CC BY

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 90.2% in Jordan, ranking 62/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Jordan
1x
Year Deficit/surplus, % of GDP
Israel Jordan
2024 -8.26% -7.33%
2023 -5.06% -6.89%
2022 0.32% -6.8%
2021 -3.37% -8.45%
2020 -10.7% -10.1%
2019 -3.79% -7.19%
2018 -3.56% -5.78%
2017 -1.13% -3.61%
2016 -1.79% -3.71%
2015 -1.21% -7.1%
2014 -2.29% -15.5%
2013 -4.06% -16.1%
2012 -4.46% -13.8%
2011 -3.43% -5.61%
2010 -3.72% -5.43%
2009 -6.53% -8.66%
2008 -3.5% -5.38%
2007 -0.43% -5.45%
2006 -0.95% -3.82%
2005 -2.74% -5.36%
2004 -3.4% -1.09%
2003 -5.03% -2.52%
2002 -8.22% -4.44%
2001 -4.06% -2.77%
2000 -0.8% -3.99%
1999 -6.26% -2.69%
1998 -7.99% -5.4%
1997 -4.84% -2.97%
1996 -5.97% -3.25%
1995 -4.28% -1.72%
1994 -5.62% -2.3%
1993 -5.62% -2.14%
1992 -8% 1.87%
1991 -7.04% -10.2%
1990 -9.67% -7.45%
1989 -9.03% -6.89%
1988 -7.57% -13%
1987 -7.47% -13.4%
1986 -7.51% -2.39%
1985 -14.2% -6.9%
1984 - -
1983 - -
1982 -13.8% -
1981 -23.5% -
1980 -19.6% -
1979 -16.7% -
1978 -14.7% -
1977 -20.3% -
1976 -19.4% -
1975 -19.6% -
1974 - -
1973 - -
1972 - -
1971 - -
1970 -16% -
1969 -15.3% -
1968 -11.7% -
1967 -7.68% -
1966 -4.35% -
1965 -2.72% -
1964 -3.65% -
1963 -4.41% -
1962 -4.09% -
1961 -5.86% -
1960 -6.62% -
1959 -7.23% -
1958 -8.31% -
1957 -7.17% -
1956 -9.3% -
1955 -4.3% -
1954 -7.84% -
1953 -8.32% -
1952 -7.19% -
1951 -8.13% -
1950 -10.7% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/jordan | CC BY

In 2024, Israel's government deficit, the difference between spending and revenue, was $44.6B, equivalent to 8.26% of GDP. This compares to Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 40 years, Israel recorded a fiscal deficit in 39 of those years, while Jordan ran a deficit in 39 years. On average, Israel posted an annual deficit equal to 5.08% of GDP, compared to deficit of 6.14% of GDP for Jordan.

Inflation comparison by year

Inflation
Israel

Jordan
1x
Year Consumer prices inflation
Israel Jordan
2024 3.07% 1.56%
2023 4.23% 2.08%
2022 4.41% 4.23%
2021 1.48% 1.35%
2020 -0.58% 0.33%
2019 0.82% 0.76%
2018 0.81% 4.46%
2017 0.25% 3.32%
2016 -0.54% -0.78%
2015 -0.62% -0.88%
2014 0.47% 2.9%
2013 1.59% 4.82%
2012 1.68% 4.52%
2011 3.49% 4.16%
2010 2.7% 4.85%
2009 3.37% -0.74%
2008 4.53% 14%
2007 0.47% 4.74%
2006 2.05% 6.25%
2005 1.34% 3.49%
2004 -0.42% 3.36%
2003 0.71% 1.63%
2002 5.8% 1.83%
2001 1.12% 1.77%
2000 1.03% 0.67%
1999 5.19% 0.61%
1998 5.49% 3.09%
1997 8.95% 3.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/israel/jordan | CC BY

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 2.91% in Jordan. In 2024, inflation was 3.07% in Israel and 1.56% in Jordan.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $62.5M
Processed food, beverages & tobacco $15.1M
Raw materials & minerals $12.9M
Chemicals & pharma $7.36M
Metals $4.08M
Miscellaneous $3.35M
Textiles & consumer goods $1.65M
Raw agricultural goods $1.55M
Wood & paper products $1.53M
Precious metals & jewellery $777K
Jordan
Export category Export value
Raw materials & minerals $40.6M
Metals $35M
Chemicals & pharma $22.2M
Raw agricultural goods $20.4M
Textiles & consumer goods $15.1M
Processed food, beverages & tobacco $3.79M
Wood & paper products $2.6M
Animal & marine products $1.72M
Machinery & equipment $1.37M
Miscellaneous $399K

Balance of trade

Israel Jordan
Current account balance
$15.5B
2024
-$3.13B
2024
Current account balance ranking
21/190
2024
158/190
2024
Current account balance, % of GDP
+2.86%
2024
-5.86%
2024
Goods imports
$96.3B
2024
$23.9B
2024
Goods exports
$70B
2024
$13.3B
2024
Service imports
$44.4B
2024
$6.5B
2024
Service exports
$83.7B
2024
$9.45B
2024
Imports of goods and services, % of GDP
26%
2024
57.1%
2024
Exports of goods and services, % of GDP
28.4%
2024
42.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Israel Jordan
Economic freedom 68.4 59.3
Economic freedom ranking 47/197 104/197
Property rights 73.1 52.3
Government integrity 66.2 51
Judicial effectiveness 68.1 44
Tax burden 60.2 84.1
Government spending 52 67.2
Fiscal health 60.8 5.2
Business freedom 72.4 62.7
Labor freedom 56.8 51.3
Monetary freedom 78.2 81.2
Trade freedom 82.8 82
Investment freedom 70 70
Financial freedom 80 60

Economic freedom comparison by year

Israel
Jordan
1x
Year Economic freedom index
Israel Jordan
2026 68.4 59.3
2025 69.9 59.4
2024 70.1 58.3
2023 68.9 58.8
2022 68 60.1
2021 73.8 64.6
2020 74 66
2019 72.8 66.5
2018 72.2 64.9
2017 69.7 66.7
2016 70.7 68.3
2015 70.5 69.3
2014 68.4 69.2
2013 66.9 70.4
2012 67.8 69.9
2011 68.5 68.9
2010 67.7 66.1
2009 67.6 65.4
2008 66.3 64.1
2007 64.8 64.5
2006 64.4 63.7
2005 62.6 66.7
2004 61.4 66.1
2003 62.7 65.3
2002 66.9 66.2
2001 66.1 68.3
2000 65.5 67.5
1999 68.3 67.4
1998 68 66.8
1997 62.7 63.6
1996 62 60.8
1995 61.5 62.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/israel/jordan | CC BY

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Jordan
Services, % of GDP
72.5%
2024
60.4%
2024
Industry, % of GDP
17.3%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
5.07%
2024
GNI, Atlas method
$528B
2024
$51.2B
2024
GNI per capita, PPP
$56,790
2024
$10,570
2024
Total reserves including gold
$215B
2024
$21.9B
2024
Total reserves ranking
18/177
2024
60/177
2024
Net foreign direct investment
-$4.86B
2024
-$1.58B
2024
Net inflows of foreign direct investment
$14.8B
2024
$1.63B
2024
Net outflows of foreign direct investment
$9.92B
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI n/a
8.64%
2024
Poverty at national poverty lines
22%
2020
14.2%
2020
Gross capital formation, % of GDP
23.4%
2024
25.2%
2021

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/israel/jordan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.