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Economy of Israel vs Laos compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $16.5B for Laos, ranking 29/197 and 139/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $16.6B (100.5% of GDP) in Laos.

Israel vs Laos GDP by year

Israel
Laos
1x
Year GDP, current $
Israel Laos
2024 $540,379,921,262 $16,502,933,121
2023 $512,184,638,999 $15,843,155,731
2022 $525,181,008,026 $15,468,785,204
2021 $489,851,549,972 $18,827,148,531
2020 $410,768,352,658 $18,981,805,250
2019 $400,645,216,359 $18,740,561,513
2018 $376,299,083,108 $18,141,641,090
2017 $358,451,839,053 $17,071,155,481
2016 $321,940,971,558 $15,912,501,723
2015 $303,469,434,072 $14,426,380,126
2014 $315,017,088,117 $13,279,245,886
2013 $298,478,070,673 $11,983,252,627
2012 $263,589,172,712 $10,192,846,339
2011 $268,094,998,225 $8,750,104,617
2010 $239,679,036,634 $7,131,771,015
2009 $213,403,181,853 $5,836,137,330
2008 $221,231,658,863 $5,446,433,157
2007 $184,681,214,673 $4,223,152,739
2006 $158,900,547,825 $3,455,030,061
2005 $147,519,922,009 $2,735,558,735
2004 $140,047,984,605 $2,366,398,120
2003 $131,408,914,824 $2,023,324,407
2002 $125,332,331,884 $1,758,176,653
2001 $135,002,039,613 $1,768,619,058
2000 $136,512,300,542 $1,731,198,022
1999 $121,417,185,062 $1,454,430,642
1998 $120,547,409,279 $1,280,177,839
1997 $119,459,826,347 $1,747,011,857
1996 $115,116,595,545 $1,873,671,550
1995 $105,497,418,059 $1,763,536,305
1994 $90,740,103,829 $1,543,606,345
1993 $79,855,877,174 $1,327,748,690
1992 $79,457,685,757 $1,127,806,945
1991 $70,998,755,007 $1,028,087,972
1990 $62,016,729,541 $865,559,879
1989 $52,443,479,454 $714,046,821
1988 $52,650,948,910 $598,961,269
1987 $43,049,543,635 $1,087,273,104
1986 $35,834,154,874 $1,776,842,097
1985 $28,905,736,367 $2,366,666,616
1984 $30,645,607,293 $1,757,142,856
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/laos | CC BY

GDP per capita in Israel vs Laos by year

Israel
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $2,124 $9,776
2023 $52,004 $55,171 $2,067 $9,292
2022 $54,950 $53,619 $2,046 $8,766
2021 $52,271 $46,162 $2,526 $8,080
2020 $44,576 $40,955 $2,584 $7,913
2019 $44,251 $41,325 $2,589 $7,743
2018 $42,363 $40,190 $2,545 $7,487
2017 $41,138 $39,471 $2,432 $7,142
2016 $37,672 $38,189 $2,303 $6,743
2015 $36,213 $35,871 $2,121 $6,086
2014 $38,343 $34,816 $1,981 $5,799
2013 $37,034 $34,827 $1,813 $5,222
2012 $33,321 $32,484 $1,564 $4,781
2011 $34,523 $31,314 $1,362 $4,100
2010 $31,439 $29,456 $1,126 $3,772
2009 $28,508 $28,087 $935 $3,485
2008 $30,269 $28,084 $886 $3,271
2007 $25,721 $28,307 $697 $3,021
2006 $22,527 $26,385 $579 $2,777
2005 $21,287 $25,701 $466 $2,519
2004 $20,568 $26,078 $409 $2,315
2003 $19,643 $24,702 $355 $2,151
2002 $19,076 $26,101 $313 $2,020
2001 $20,966 $25,806 $320 $1,908
2000 $21,707 $25,766 $319 $1,794
1999 $19,823 $23,415 $272.3 $1,686
1998 $20,189 $22,927 $243.9 $1,577
1997 $20,469 $22,279 $339 $1,528
1996 $20,224 $21,672 $371 $1,435
1995 $19,026 $20,642 $358 $1,349
1994 $16,807 $19,478 $321 $1,265
1993 $15,179 $18,218 $283.4 $1,176
1992 $15,510 $17,553 $247.3 $1,114
1991 $14,346 $16,486 $231.8 $1,061
1990 $13,308 $15,721 $200.7 $1,012
1989 $11,608 - $170.4 -
1988 $11,853 - $147.1 -
1987 $9,853 - $274.7 -
1986 $8,335 - $462 -
1985 $6,829 - $633 -
1984 $7,369 - $483 -
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/laos | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $2,124 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Laos ranks 134th at $9,776.

Economic indicators

Israel Laos
Gross domestic product
$540B
2024
$16.5B
2024
GDP rank
29/197
2024
139/197
2024
GDP growth
0.87%
2023-2024
4.13%
2023-2024
GDP per capita
$54,177
2024
$2,124
2024
GDP per capita rank
21/197
2024
155/197
2024
GDP per capita, PPP
$57,236
2024
$9,776
2024
GDP per capita PPP rank
36/197
2024
134/197
2024
Government debt
$366B
2024
$16.6B
2024
Debt-to-GDP ratio
67.6%
2024
100.5%
2024
Government debt per person
$36,645
2024
$2,134
2024
Government debt per person rank
18/185
2024
119/185
2024
Average annual personal income after taxes
$43,003
2026
$2,096
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
31.2%
2018
Income share by poorest 10%
2%
2021
3%
2018
Government expenditure, % of GDP
43.8%
2024
15.7%
2024
Consumer prices inflation
3.07%
2023-2024
23.1%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
1.21%
2022
Population
10290887
8004838

Spending and national debt comparison by year

Israel
Spending

Debt
Laos
Spending

Debt
1x
Year % of GDP
Israel Laos
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 15.7% 100.5%
2023 39.3% 61.3% 16.4% 116.5%
2022 36.9% 60.3% 14.7% 130.7%
2021 40% 67.7% 15.7% 92.9%
2020 44.8% 71.1% 18.4% 76%
2019 38.7% 59.3% 18.6% 69.1%
2018 39.2% 60.1% 20.7% 60.6%
2017 38.3% 59.8% 21.8% 57.2%
2016 37.9% 61.7% 21.1% 54.5%
2015 37.6% 62.8% 25.8% 53.1%
2014 38.3% 64.9% 25% 53.5%
2013 39.7% 66% 24.2% 49.5%
2012 39.6% 66.9% 24.7% 46.1%
2011 39.3% 67.2% 20.2% 43%
2010 39.7% 69% 22.4% 49.3%
2009 41.4% 72.6% 20.1% 51.8%
2008 41.2% 70.2% 16.1% 51.7%
2007 40.2% 70.8% 15.1% 55.9%
2006 41.6% 77.7% 14.7% 60%
2005 42.3% 85.2% 15.3% 73.2%
2004 43% 88.3% 13.6% 80.7%
2003 45.4% 89.7% 16% 90.1%
2002 50% 87.2% 16.6% 95.3%
2001 46.1% 81.1% 18.8% 94.7%
2000 43.4% 77.2% 19.9% -
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/laos | CC BY

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Laos spent $2.58B, or 15.7% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 100.5% in Laos, ranking 62/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Laos
1x
Year Deficit/surplus, % of GDP
Israel Laos
2024 -8.26% 2.34%
2023 -5.06% -0.01%
2022 0.32% 0.06%
2021 -3.37% -0.67%
2020 -10.7% -5.37%
2019 -3.79% -3.2%
2018 -3.56% -4.46%
2017 -1.13% -5.51%
2016 -1.79% -5.06%
2015 -1.21% -5.57%
2014 -2.29% -3.13%
2013 -4.06% -4.03%
2012 -4.46% -2.34%
2011 -3.43% -1.43%
2010 -3.72% -1.47%
2009 -6.53% -3.1%
2008 -3.5% -1.86%
2007 -0.43% -1.12%
2006 -0.95% -1.48%
2005 -2.74% -2.54%
2004 -3.4% -1.81%
2003 -5.03% -3.89%
2002 -8.22% -2.85%
2001 -4.06% -3.68%
2000 -0.8% -3.58%
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/laos | 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 Laos' surplus of $386M, or 2.34% of GDP.

Over the past 25 years, Israel recorded a fiscal deficit in 24 of those years, while Laos ran a deficit in 23 years. On average, Israel posted an annual deficit equal to 3.69% of GDP, compared to deficit of 2.63% of GDP for Laos.

Inflation comparison by year

Inflation
Israel

Laos
1x
Year Consumer prices inflation
Israel Laos
2024 3.07% 23.1%
2023 4.23% 31.2%
2022 4.41% 23%
2021 1.48% 3.8%
2020 -0.58% 5.1%
2019 0.82% 3.3%
2018 0.81% 2%
2017 0.25% 0.8%
2016 -0.54% 1.6%
2015 -0.62% 1.3%
2014 0.47% 4.1%
2013 1.59% 6.4%
2012 1.68% 4.3%
2011 3.49% 7.6%
2010 2.7% 6%
2009 3.37% 0.1%
2008 4.53% 7.6%
2007 0.47% 4.7%
2006 2.05% 6.5%
2005 1.34% 7.2%
2004 -0.42% 10.5%
2003 0.71% 15.5%
2002 5.8% 10.6%
2001 1.12% 7.8%
2000 1.03% 8.4%
1999 5.19% 128.4%
1998 5.49% 90.1%
1997 8.95% 19.5%

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/laos | CC BY

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 15.7% in Laos. In 2024, inflation was 3.07% in Israel and 23.1% in Laos.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $480K
Chemicals & pharma $22K
Textiles & consumer goods $8K
Raw agricultural goods $5K
Laos
Export category Export value
Textiles & consumer goods $413K

Balance of trade

Israel Laos
Current account balance
$15.5B
2024
$531M
2024
Current account balance ranking
21/190
2024
61/190
2024
Current account balance, % of GDP
+2.86%
2024
+3.22%
2024
Goods imports
$96.3B
2024
$8.66B
2024
Goods exports
$70B
2024
$9.39B
2024
Service imports
$44.4B
2024
$1.27B
2024
Service exports
$83.7B
2024
$1.73B
2024
Imports of goods and services, % of GDP
26%
2024
41.9%
2016
Exports of goods and services, % of GDP
28.4%
2024
33.2%
2016

Economic freedom indices

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

Israel Laos
Economic freedom 68.4 50.9
Economic freedom ranking 47/197 157/197
Property rights 73.1 41.1
Government integrity 66.2 25.9
Judicial effectiveness 68.1 10.2
Tax burden 60.2 88.5
Government spending 52 92.7
Fiscal health 60.8 80
Business freedom 72.4 54.2
Labor freedom 56.8 40.7
Monetary freedom 78.2 53.3
Trade freedom 82.8 69
Investment freedom 70 35
Financial freedom 80 20

Economic freedom comparison by year

Israel
Laos
1x
Year Economic freedom index
Israel Laos
2026 68.4 50.9
2025 69.9 51.1
2024 70.1 50.6
2023 68.9 50.3
2022 68 49.2
2021 73.8 53.9
2020 74 55.5
2019 72.8 57.4
2018 72.2 53.6
2017 69.7 54
2016 70.7 49.8
2015 70.5 51.4
2014 68.4 51.2
2013 66.9 50.1
2012 67.8 50
2011 68.5 51.3
2010 67.7 51.1
2009 67.6 50.4
2008 66.3 50.3
2007 64.8 50.3
2006 64.4 47.5
2005 62.6 44.4
2004 61.4 42
2003 62.7 41
2002 66.9 36.8
2001 66.1 33.5
2000 65.5 36.8
1999 68.3 35.2
1998 68 35.2
1997 62.7 35.1
1996 62 38.5
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 50.9 for Laos, ranking 157/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Laos
Services, % of GDP
72.5%
2024
43.5%
2024
Industry, % of GDP
17.3%
2024
29%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
16.8%
2024
GNI, Atlas method
$528B
2024
$15.5B
2024
GNI per capita, PPP
$56,790
2024
$9,160
2024
Total reserves including gold
$215B
2024
$1.77B
2023
Total reserves ranking
18/177
2024
129/177
2023
Net foreign direct investment
-$4.86B
2024
-$988M
2024
Net inflows of foreign direct investment
$14.8B
2024
$988M
2024
Net outflows of foreign direct investment
$9.92B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
13.8%
2024
Poverty at national poverty lines
22%
2020
22%
2020
Gross capital formation, % of GDP
23.4%
2024
29%
2016

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/laos | 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 (2020–2023, 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.