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Economy of Israel vs Liberia compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $5.25B for Liberia, ranking 27/197 and 162/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Israel vs Liberia GDP by year

Israel
Liberia
1x
Year GDP, current $
Israel Liberia
2025 $610,777,842,874 $5,245,938,900
2024 $542,284,494,491 $4,779,300,900
2023 $513,393,395,492 $4,390,000,000
2022 $525,157,951,213 $4,001,047,000
2021 $489,735,019,666 $3,513,049,500
2020 $410,908,899,711 $3,176,126,300
2019 $399,207,771,082 $3,319,596,500
2018 $375,470,422,244 $3,422,754,800
2017 $357,360,816,857 $3,390,703,400
2016 $321,083,954,798 $3,398,419,600
2015 $302,841,190,258 $3,227,075,700
2014 $314,376,760,832 $3,225,652,000
2013 $298,045,324,736 $3,177,198,100
2012 $263,172,104,091 $2,791,614,000
2011 $267,739,352,609 $2,398,000,000
2010 $239,372,857,534 $1,998,000,000
2009 $213,112,649,594 $1,768,000,000
2008 $220,952,472,408 $1,726,000,000
2007 $184,448,882,452 $1,373,000,000
2006 $158,706,516,002 $1,119,000,000
2005 $147,346,035,831 $949,000,000
2004 $139,925,423,025 $897,000,000
2003 $131,278,887,815 $748,000,000
2002 $125,215,963,105 $927,000,000
2001 $134,889,159,474 $906,000,000
2000 $136,409,902,632 $874,000,000
1999 $121,329,240,042 $441,800,000
1998 $120,468,659,246 $359,600,000
1997 $119,389,303,067 $295,900,000
1996 $115,051,957,577 $159,400,000
1995 $105,432,315,611 $134,800,000
1994 $90,684,108,118 $132,200,000
1993 $79,806,598,120 $160,400,000
1992 $79,408,652,426 $223,500,000
1991 $70,954,941,681 $348,000,000
1990 $61,978,459,022 $384,400,000
1989 $52,411,116,588 $786,300,000
1988 $52,618,458,014 $1,038,300,000
1987 $43,022,977,765 $972,800,000
1986 $35,812,041,620 $840,964,400
1985 $28,887,898,639 $851,296,100
1984 $30,626,695,891 $848,478,300
1983 $32,655,591,256 $823,374,900
1982 $29,237,231,967 $863,933,200
1981 $26,865,420,933 $846,514,500
1980 $25,379,585,067 $854,711,500
1979 $22,595,788,591 $814,067,900
1978 $17,690,363,444 $717,240,400
1977 $18,245,847,441 $673,010,600
1976 $15,946,502,888 $596,675,700
1975 $16,131,806,290 $577,549,300
1974 $17,162,009,924 $486,955,000
1973 $11,895,229,181 $386,968,300
1972 $9,216,866,299 $368,098,000
1971 $7,048,191,876 $341,543,100
1970 $7,402,142,195 $323,099,700
1969 $6,293,966,357 $306,961,800
1968 $5,455,059,532 $276,820,700
1967 $4,759,447,914 $261,024,300
1966 $4,700,397,692 $244,459,500
1965 $4,326,412,951 $229,260,800
1964 $4,021,861,430 $218,929,100
1963 $3,533,767,055 $200,229,600
1962 $2,964,323,618 $191,861,800
1961 $3,706,297,903 $183,920,900
1960 $3,068,690,949 $190,495,600

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

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

GDP per capita in Israel vs Liberia by year

Israel
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $915 -
2024 $54,217 $57,236 $851 $1,871
2023 $52,126 $55,171 $799 $1,795
2022 $54,947 $53,619 $745 $1,692
2021 $52,258 $46,162 $668 $1,539
2020 $44,591 $40,955 $617 $1,660
2019 $44,092 $41,325 $658 $1,900
2018 $42,269 $40,190 $692 $1,800
2017 $41,013 $39,471 $699 $1,665
2016 $37,571 $38,189 $715 $1,490
2015 $36,138 $35,871 $693 $1,340
2014 $38,265 $34,816 $707 $1,419
2013 $36,981 $34,827 $711 $1,360
2012 $33,269 $32,484 $638 $1,157
2011 $34,477 $31,314 $568 $1,041
2010 $31,399 $29,456 $492 $980
2009 $28,470 $28,087 $448 $939
2008 $30,231 $28,084 $452 $915
2007 $25,689 $28,307 $374 $873
2006 $22,500 $26,385 $321 $815
2005 $21,262 $25,701 $287.5 $774
2004 $20,550 $26,078 $284.1 $745
2003 $19,624 $24,702 $239.8 $716
2002 $19,059 $26,101 $299.5 $1,013
2001 $20,949 $25,806 $300 $987
2000 $21,690 $25,766 $298.5 $965
1999 $19,809 $23,415 $156.6 $762
1998 $20,176 $22,927 $134.7 $652
1997 $20,457 $22,279 $122.6 $548
1996 $20,213 $21,672 $71.4 $282.2
1995 $19,014 $20,642 $62.1 $254.4
1994 $16,796 $19,478 $61.5 $262.6
1993 $15,169 $18,218 $74.4 $328
1992 $15,500 $17,553 $107.8 $497
1991 $14,337 $16,486 $177.9 $793
1990 $13,300 $15,721 $172.9 $787
1989 $11,601 - $312 -
1988 $11,846 - $424 -
1987 $9,847 - $409 -
1986 $8,330 - $364 -
1985 $6,824 - $380 -
1984 $7,364 - $390 -
1983 $7,955 - $391 -
1982 $7,253 - $422 -
1981 $6,791 - $426 -
1980 $6,545 - $443 -
1979 $5,968 - $435 -
1978 $4,794 - $394 -
1977 $5,050 - $381 -
1976 $4,514 - $347 -
1975 $4,669 - $346 -
1974 $5,082 - $299.4 -
1973 $3,629 - $244.4 -
1972 $2,928 - $238.6 -
1971 $2,297 - $227.1 -
1970 $2,489 - $220.3 -
1969 $2,188 - $214.7 -
1968 $1,946 - $198.6 -
1967 $1,734 - $192.2 -
1966 $1,788 - $184.6 -
1965 $1,688 - $177.6 -
1964 $1,625 - $173.9 -
1963 $1,485 - $163.1 -
1962 $1,293 - $160.3 -
1961 $1,696 - $157.5 -
1960 $1,452 - $167.2 -

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

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

Israel's GDP per capita is $60,337, ranking 19/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Liberia ranks 188th at $1,871.

Economic indicators

Israel Liberia
Gross domestic product
$611B
2025
$5.25B
2025
GDP rank
27/197
2025
162/197
2025
GDP growth
2.93%
2024-2025
5.02%
2024-2025
GDP per capita
$60,337
2025
$915
2025
GDP per capita rank
19/197
2025
184/197
2025
GDP per capita, PPP
$57,236
2024
$1,871
2024
GDP per capita PPP rank
36/197
2024
188/197
2024
Government debt
$418B
2025
$2.88B
2025
Debt-to-GDP ratio
68.5%
2025
54.9%
2025
Government debt per person
$41,338
2025
$502
2025
Government debt per person rank
16/185
2025
167/185
2025
Average annual personal income after taxes
$48,251
2026
$1,467
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
195,000
2026
n/a
Number of billionaires
42
2026
n/a
Income share by richest 10%
27%
2022
27.1%
2016
Income share by poorest 10%
1.8%
2022
2.9%
2016
Government expenditure, % of GDP
43.6%
2025
22.4%
2025
Consumer prices inflation
3.04%
2024-2025
8.3%
2024-2025
Central bank interest rate
3.75%
2026
n/a
Unemployment rate
3%
2025
5.93%
2017
Population
10334048
5916561

Spending and national debt comparison by year

Israel
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Israel Liberia
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 22.4% 54.9%
2024 43.7% 67.7% 24.1% 56.4%
2023 39.6% 61.3% 28.6% 57.2%
2022 36.9% 60.3% 27.4% 54.4%
2021 40.1% 67.7% 29.8% 53.5%
2020 44.8% 71.1% 35.3% 58.5%
2019 38.7% 59.3% 32.3% 48.1%
2018 39.2% 60.1% 32.7% 36.2%
2017 38.4% 59.8% 35.1% 31.8%
2016 37.9% 61.7% 35.8% 28%
2015 37.6% 62.8% 37.1% 24.4%
2014 38.3% 65.8% 33.4% 24.3%
2013 39.7% 66% 27.4% 20.6%
2012 39.6% 66.9% 30.8% 20.5%
2011 39.3% 67.2% 29.8% 22.5%
2010 39.7% 69% 25.1% 25.4%
2009 41.4% 72.6% 24% 132.2%
2008 41.2% 70.2% 21.8% 235.3%
2007 40.2% 70.8% 16.1% 367%
2006 41.6% 77.7% 10.6% 451%
2005 42.3% 85.2% 11.7% 488%
2004 43% 88.3% 12.1% 543%
2003 45.4% 89.7% 8.98% 600%
2002 50% 87.2% 12.7% 464%
2001 46.1% 81.1% 12.1% 465%
2000 43.4% 77.2% 14.5% 468%
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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 54.9% in Liberia, ranking 60/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Liberia
1x
Year Deficit/surplus, % of GDP
Israel Liberia
2025 -5.22% -1.41%
2024 -8.07% -1.8%
2023 -5.38% -8.55%
2022 0.3% -5.82%
2021 -3.37% -2.5%
2020 -10.6% -4.02%
2019 -3.79% -4.92%
2018 -3.58% -4.7%
2017 -1.17% -7.14%
2016 -1.78% -3.83%
2015 -1.2% -3.74%
2014 -2.28% -4.92%
2013 -4.07% 1.29%
2012 -4.46% -2.86%
2011 -3.43% -4.39%
2010 -3.72% 1.16%
2009 -6.53% -1.4%
2008 -3.49% -2.7%
2007 -0.43% 2.28%
2006 -0.94% 4.23%
2005 -2.74% -0.51%
2004 -3.4% -0.56%
2003 -5.03% 0.36%
2002 -8.21% -1.57%
2001 -4.06% -0.94%
2000 -0.8% -0.08%
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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

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

In 2025, Israel's government deficit, the difference between spending and revenue, was $31.9B, equivalent to 5.22% of GDP. This compares to Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Israel recorded a fiscal deficit in 25 of those years, while Liberia ran a deficit in 21 years. On average, Israel posted an annual deficit equal to 3.75% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Israel

Liberia
1x
Year Consumer prices inflation
Israel Liberia
2025 3.04% 8.3%
2024 3.07% 8.2%
2023 4.23% 10.1%
2022 4.41% 7.6%
2021 1.48% 7.8%
2020 -0.58% 17%
2019 0.82% 27%
2018 0.81% 23.5%
2017 0.25% 12.4%
2016 -0.54% 8.8%
2015 -0.62% 7.7%
2014 0.47% 9.9%
2013 1.59% 7.6%
2012 1.68% 6.8%
2011 3.49% 8.5%
2010 2.7% 7.3%
2009 3.37% 7.4%
2008 4.53% 17.5%
2007 0.47% 11.4%
2006 2.05% 9.5%
2005 1.34% 6.9%
2004 -0.42% 3.6%
2003 0.71% 10.3%
2002 5.8% 14.2%
2001 1.12% 12.1%
2000 1.03% 5.3%
1999 5.19% 2%
1998 5.49% -
1997 8.95% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Israel has recorded an average annual inflation rate of 1.91%, compared with 10.3% in Liberia. In 2025, inflation was 3.04% in Israel and 8.3% in Liberia.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $2.45M
Wood & paper products $213K
Textiles & consumer goods $49K
Chemicals & pharma $40K
Raw materials & minerals $36K
Metals $13K
Miscellaneous $1K
Precious metals & jewellery $1K
Liberia
Export category Export value
Precious metals & jewellery $1.42M
Textiles & consumer goods $25K
Machinery & equipment $22K

Balance of trade

Israel Liberia
Current account balance
$8.53B
2025
$120M
2024
Current account balance ranking
26/190
2025
62/190
2024
Current account balance, % of GDP
+1.4%
2025
+2.51%
2024
Goods imports
$102B
2025
$1.51B
2024
Goods exports
$76.2B
2025
$1.31B
2024
Service imports
$53.2B
2025
$253M
2024
Service exports
$92.4B
2025
$42.6M
2024
Imports of goods and services, % of GDP
25.4%
2025
n/a
Exports of goods and services, % of GDP
27.6%
2025
28.5%
2026

Economic freedom indices

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

Israel Liberia
Economic freedom 68.4 49.8
Economic freedom ranking 47/197 163/197
Property rights 73.1 40.4
Government integrity 66.2 25.8
Judicial effectiveness 68.1 23.4
Tax burden 60.2 86.1
Government spending 52 79.5
Fiscal health 60.8 56.9
Business freedom 72.4 38
Labor freedom 56.8 43.4
Monetary freedom 78.2 71.4
Trade freedom 82.8 57.4
Investment freedom 70 55
Financial freedom 80 20

Economic freedom comparison by year

Israel
Liberia
1x
Year Economic freedom index
Israel Liberia
2026 68.4 49.8
2025 69.9 48.5
2024 70.1 49.9
2023 68.9 49.6
2022 68 47.9
2021 73.8 49.2
2020 74 49
2019 72.8 49.7
2018 72.2 50.9
2017 69.7 49.1
2016 70.7 52.2
2015 70.5 52.7
2014 68.4 52.4
2013 66.9 49.3
2012 67.8 48.6
2011 68.5 46.5
2010 67.7 46.2
2009 67.6 48.1
2008 66.3 -
2007 64.8 -
2006 64.4 -
2005 62.6 -
2004 61.4 -
2003 62.7 -
2002 66.9 -
2001 66.1 -
2000 65.5 -
1999 68.3 -
1998 68 -
1997 62.7 -
1996 62 -
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Liberia
Services, % of GDP
72.8%
2024
40%
2025
Industry, % of GDP
17.2%
2024
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
32.7%
2025
GNI, Atlas method
$569B
2025
$4.76B
2025
GNI per capita, PPP
$58,870
2025
$1,840
2025
Total reserves including gold
$229B
2025
$339M
2025
Total reserves ranking
18/177
2025
166/177
2025
Net foreign direct investment
-$11.8B
2025
-$397M
2024
Net inflows of foreign direct investment
$14.8B
2024
$472M
2024
Net outflows of foreign direct investment
$9.92B
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI n/a
3.12%
2024
Poverty at national poverty lines
22%
2020
50.9%
2016
Gross capital formation, % of GDP
24.3%
2025
n/a

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/liberia | CC BY

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Data sources:

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

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.