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Economy of Israel vs Kazakhstan compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $291B for Kazakhstan, ranking 29/197 and 48/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $71.1B (24.4% of GDP) in Kazakhstan.

Israel vs Kazakhstan GDP by year

Israel
Kazakhstan
1x
Year GDP, current $
Israel Kazakhstan
2024 $540,379,921,262 $291,480,274,649
2023 $512,184,638,999 $261,840,101,060
2022 $525,181,008,026 $225,496,328,925
2021 $489,851,549,972 $197,112,255,361
2020 $410,768,352,658 $171,082,365,861
2019 $400,645,216,359 $181,667,184,855
2018 $376,299,083,108 $179,339,977,690
2017 $358,451,839,053 $166,805,788,827
2016 $321,940,971,558 $137,278,320,084
2015 $303,469,434,072 $184,388,404,706
2014 $315,017,088,117 $221,415,613,595
2013 $298,478,070,673 $236,634,603,409
2012 $263,589,172,712 $207,998,568,866
2011 $268,094,998,225 $192,626,464,617
2010 $239,679,036,634 $148,047,348,241
2009 $213,403,181,853 $115,308,686,941
2008 $221,231,658,863 $133,441,648,852
2007 $184,681,214,673 $104,849,915,058
2006 $158,900,547,825 $81,003,864,630
2005 $147,519,922,009 $57,123,671,734
2004 $140,047,984,605 $43,151,647,003
2003 $131,408,914,824 $30,833,692,900
2002 $125,332,331,884 $24,636,598,527
2001 $135,002,039,613 $22,152,689,180
2000 $136,512,300,542 $18,291,990,662
1999 $121,417,185,062 $16,870,817,182
1998 $120,547,409,279 $22,135,245,507
1997 $119,459,826,347 $22,165,932,063
1996 $115,116,595,545 $21,035,357,937
1995 $105,497,418,059 $20,374,302,652
1994 $90,740,103,829 $21,250,792,886
1993 $79,855,877,174 $23,409,260,880
1992 $79,457,685,757 $24,917,355,372
1991 $70,998,755,007 $24,923,076,923
1990 $62,016,729,541 $26,932,016,270
1989 $52,443,479,454 -
1988 $52,650,948,910 -
1987 $43,049,543,635 -
1986 $35,834,154,874 -
1985 $28,905,736,367 -
1984 $30,645,607,293 -
1983 $32,675,755,462 -
1982 $29,255,285,401 -
1981 $26,882,009,819 -
1980 $25,395,256,478 -
1979 $22,609,741,060 -
1978 $17,701,286,907 -
1977 $18,257,113,904 -
1976 $15,956,349,550 -
1975 $16,141,767,373 -
1974 $17,172,607,138 -
1973 $11,902,574,259 -
1972 $9,222,557,539 -
1971 $7,052,544,000 -
1970 $7,406,712,876 -
1969 $6,297,852,761 -
1968 $5,458,427,928 -
1967 $4,762,386,783 -
1966 $4,703,300,098 -
1965 $4,329,084,429 -
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/kazakhstan | CC BY

GDP per capita in Israel vs Kazakhstan by year

Israel
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $14,155 $40,891
2023 $52,004 $55,171 $12,879 $38,515
2022 $54,950 $53,619 $11,255 $35,895
2021 $52,271 $46,162 $9,984 $32,946
2020 $44,576 $40,955 $8,782 $29,040
2019 $44,251 $41,325 $9,457 $28,689
2018 $42,363 $40,190 $9,472 $25,096
2017 $41,138 $39,471 $8,943 $23,973
2016 $37,672 $38,189 $7,476 $23,023
2015 $36,213 $35,871 $10,196 $22,484
2014 $38,343 $34,816 $12,428 $23,958
2013 $37,034 $34,827 $13,478 $23,754
2012 $33,321 $32,484 $12,019 $21,367
2011 $34,523 $31,314 $11,287 $20,160
2010 $31,439 $29,456 $8,793 $18,642
2009 $28,508 $28,087 $6,938 $17,389
2008 $30,269 $28,084 $8,124 $17,278
2007 $25,721 $28,307 $6,449 $16,581
2006 $22,527 $26,385 $5,030 $14,966
2005 $21,287 $25,701 $3,577 $13,226
2004 $20,568 $26,078 $2,722 $11,777
2003 $19,643 $24,702 $1,958 $10,532
2002 $19,076 $26,101 $1,574 $9,504
2001 $20,966 $25,806 $1,422 $8,568
2000 $21,707 $25,766 $1,180 $7,418
1999 $19,823 $23,415 $1,092 $6,626
1998 $20,189 $22,927 $1,415 $6,284
1997 $20,469 $22,279 $1,382 $6,178
1996 $20,224 $21,672 $1,281 $5,836
1995 $19,026 $20,642 $1,218 $5,595
1994 $16,807 $19,478 $1,247 $5,860
1993 $15,179 $18,218 $1,355 $6,477
1992 $15,510 $17,553 $1,438 $6,945
1991 $14,346 $16,486 $1,442 $7,193
1990 $13,308 $15,721 $1,570 $7,874
1989 $11,608 - - -
1988 $11,853 - - -
1987 $9,853 - - -
1986 $8,335 - - -
1985 $6,829 - - -
1984 $7,369 - - -
1983 $7,960 - - -
1982 $7,258 - - -
1981 $6,795 - - -
1980 $6,549 - - -
1979 $5,972 - - -
1978 $4,797 - - -
1977 $5,053 - - -
1976 $4,516 - - -
1975 $4,672 - - -
1974 $5,085 - - -
1973 $3,631 - - -
1972 $2,930 - - -
1971 $2,298 - - -
1970 $2,490 - - -
1969 $2,189 - - -
1968 $1,947 - - -
1967 $1,735 - - -
1966 $1,789 - - -
1965 $1,689 - - -
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/kazakhstan | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $14,155 in Kazakhstan, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Israel Kazakhstan
Gross domestic product
$540B
2024
$291B
2024
GDP rank
29/197
2024
48/197
2024
GDP growth
0.87%
2023-2024
5%
2023-2024
GDP per capita
$54,177
2024
$14,155
2024
GDP per capita rank
21/197
2024
71/197
2024
GDP per capita, PPP
$57,236
2024
$40,891
2024
GDP per capita PPP rank
36/197
2024
58/197
2024
Government debt
$366B
2024
$71.1B
2024
Debt-to-GDP ratio
67.6%
2024
24.4%
2024
Government debt per person
$36,645
2024
$3,450
2024
Government debt per person rank
18/185
2024
95/185
2024
Average annual personal income after taxes
$43,003
2026
$7,486
2026
Market capitalization of domestic companies
$331B
2024
$62.8B
2024
Number of millionaires
179,905
2025
44,307
2025
Number of billionaires
41
2025
6
2025
Income share by richest 10%
26.6%
2021
24.8%
2021
Income share by poorest 10%
2%
2021
4.3%
2021
Government expenditure, % of GDP
43.8%
2024
20.7%
2024
Consumer prices inflation
3.07%
2023-2024
8.7%
2023-2024
Central bank interest rate
4.5%
2024
18%
2025
Unemployment rate
2.9%
2024
4.86%
2022
Population
10290887
21161809

Spending and national debt comparison by year

Israel
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Israel Kazakhstan
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 20.7% 24.4%
2023 39.3% 61.3% 23.4% 23%
2022 36.9% 60.3% 21.7% 23.5%
2021 40% 67.7% 22.1% 25.1%
2020 44.8% 71.1% 24.5% 26.4%
2019 38.7% 59.3% 20.2% 19.9%
2018 39.2% 60.1% 18.8% 20.3%
2017 38.3% 59.8% 24.1% 19.9%
2016 37.9% 61.7% 21.5% 19.7%
2015 37.6% 62.8% 22.9% 21.9%
2014 38.3% 64.9% 21.3% 14.5%
2013 39.7% 66% 19.8% 12.6%
2012 39.6% 66.9% 21.9% 12.1%
2011 39.3% 67.2% 21.2% 10.2%
2010 39.7% 69% 22.5% 10.7%
2009 41.4% 72.6% 23.5% 10.2%
2008 41.2% 70.2% 27.1% 6.77%
2007 40.2% 70.8% 23.7% 4.09%
2006 41.6% 77.7% 19.8% 6.68%
2005 42.3% 85.2% 22% 8.1%
2004 43% 88.3% 21.3% 11.4%
2003 45.4% 89.7% 21.4% 15%
2002 50% 87.2% 20.5% 17.6%
2001 46.1% 81.1% - -
2000 43.4% 77.2% - -
1999 53.6% 94.8% - -
1998 55% 101% - -
1997 52.6% 99.3% - -
1996 53.2% 100.3% - -
1995 52.8% 102.3% - -
1994 41.7% 110.2% - -
1993 42.2% 118.3% - -
1992 44.1% 119.6% - -
1991 34.4% 123.7% - -
1990 46.8% 138.3% - -
1989 47.5% 147.4% - -
1988 46.5% 145.4% - -
1987 52.8% 143.2% - -
1986 55.7% 162.5% - -
1985 65.2% 199% - -
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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Kazakhstan spent $60.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 24.4% in Kazakhstan, ranking 62/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Israel Kazakhstan
2024 -8.26% -1.6%
2023 -5.06% -1.52%
2022 0.32% 0.11%
2021 -3.37% -4.97%
2020 -10.7% -7.04%
2019 -3.79% -0.57%
2018 -3.56% 2.58%
2017 -1.13% -4.27%
2016 -1.79% -4.5%
2015 -1.21% -6.26%
2014 -2.29% 2.48%
2013 -4.06% 4.95%
2012 -4.46% 4.43%
2011 -3.43% 5.81%
2010 -3.72% 1.47%
2009 -6.53% -1.33%
2008 -3.5% 1.23%
2007 -0.43% 5.13%
2006 -0.95% 7.65%
2005 -2.74% 6.08%
2004 -3.4% 3.29%
2003 -5.03% 4%
2002 -8.22% 1.92%
2001 -4.06% -
2000 -0.8% -
1999 -6.26% -
1998 -7.99% -
1997 -4.84% -
1996 -5.97% -
1995 -4.28% -
1994 -5.62% -
1993 -5.62% -
1992 -8% -
1991 -7.04% -
1990 -9.67% -
1989 -9.03% -
1988 -7.57% -
1987 -7.47% -
1986 -7.51% -
1985 -14.2% -
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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/kazakhstan | 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 Kazakhstan's deficit of $4.66B, or 1.6% of GDP.

Over the past 23 years, Israel recorded a fiscal deficit in 22 of those years, while Kazakhstan ran a deficit in 9 years. On average, Israel posted an annual deficit equal to 3.8% of GDP, compared to surplus of 0.83% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Israel

Kazakhstan
1x
Year Consumer prices inflation
Israel Kazakhstan
2024 3.07% 8.7%
2023 4.23% 14.5%
2022 4.41% 15%
2021 1.48% 8%
2020 -0.58% 6.8%
2019 0.82% 5.3%
2018 0.81% 6%
2017 0.25% 7.5%
2016 -0.54% 14.6%
2015 -0.62% 6.8%
2014 0.47% 6.6%
2013 1.59% 5.8%
2012 1.68% 5.1%
2011 3.49% 8.4%
2010 2.7% 7.1%
2009 3.37% 7.3%
2008 4.53% 17.2%
2007 0.47% 10.8%
2006 2.05% 8.6%
2005 1.34% 7.4%
2004 -0.42% 7%
2003 0.71% 6.4%
2002 5.8% 6%
2001 1.12% 8.4%
2000 1.03% 13.2%
1999 5.19% 8.3%
1998 5.49% 7.1%
1997 8.95% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 8.98% in Kazakhstan. In 2024, inflation was 3.07% in Israel and 8.7% in Kazakhstan.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $19.5M
Raw agricultural goods $8.68M
Chemicals & pharma $6.92M
Textiles & consumer goods $4.73M
Processed food, beverages & tobacco $4.36M
Metals $1.87M
Raw materials & minerals $684K
Precious metals & jewellery $566K
Miscellaneous $24K
Wood & paper products $16K
Kazakhstan
Export category Export value
Raw materials & minerals $160M
Metals $6.2M
Machinery & equipment $353K
Precious metals & jewellery $344K
Animal & marine products $259K
Raw agricultural goods $188K
Processed food, beverages & tobacco $125K
Textiles & consumer goods $27K
Chemicals & pharma $4K
Wood & paper products $4K

Balance of trade

Israel Kazakhstan
Current account balance
$15.5B
2024
-$7.94B
2024
Current account balance ranking
21/190
2024
173/190
2024
Current account balance, % of GDP
+2.86%
2024
-2.72%
2024
Goods imports
$96.3B
2024
$61.8B
2024
Goods exports
$70B
2024
$79B
2024
Service imports
$44.4B
2024
$13B
2024
Service exports
$83.7B
2024
$11.8B
2024
Imports of goods and services, % of GDP
26%
2024
25.6%
2024
Exports of goods and services, % of GDP
28.4%
2024
31.6%
2024

Economic freedom indices

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

Israel Kazakhstan
Economic freedom 68.4 64.2
Economic freedom ranking 47/197 75/197
Property rights 73.1 54.9
Government integrity 66.2 40.7
Judicial effectiveness 68.1 33.8
Tax burden 60.2 91.2
Government spending 52 85.6
Fiscal health 60.8 97.2
Business freedom 72.4 64.9
Labor freedom 56.8 63.5
Monetary freedom 78.2 64.3
Trade freedom 82.8 74.4
Investment freedom 70 50
Financial freedom 80 50

Economic freedom comparison by year

Israel
Kazakhstan
1x
Year Economic freedom index
Israel Kazakhstan
2026 68.4 64.2
2025 69.9 63.8
2024 70.1 62
2023 68.9 62.1
2022 68 64.4
2021 73.8 71.1
2020 74 69.6
2019 72.8 65.4
2018 72.2 69.1
2017 69.7 69
2016 70.7 63.6
2015 70.5 63.3
2014 68.4 63.7
2013 66.9 63
2012 67.8 63.6
2011 68.5 62.1
2010 67.7 61
2009 67.6 60.1
2008 66.3 61.1
2007 64.8 59.6
2006 64.4 60.2
2005 62.6 53.9
2004 61.4 49.7
2003 62.7 52.3
2002 66.9 52.4
2001 66.1 51.8
2000 65.5 50.4
1999 68.3 47.3
1998 68 41.7
1997 62.7 -
1996 62 -
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Kazakhstan
Services, % of GDP
72.5%
2024
57.9%
2024
Industry, % of GDP
17.3%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
3.88%
2024
GNI, Atlas method
$528B
2024
$249B
2024
GNI per capita, PPP
$56,790
2024
$37,590
2024
Total reserves including gold
$215B
2024
$45.8B
2024
Total reserves ranking
18/177
2024
43/177
2024
Net foreign direct investment
-$4.86B
2024
-$3.9B
2024
Net inflows of foreign direct investment
$14.8B
2024
$1.98B
2024
Net outflows of foreign direct investment
$9.92B
2024
-$1.92B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
22%
2020
5%
2024
Gross capital formation, % of GDP
23.4%
2024
27.2%
2024

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/kazakhstan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, 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 (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.