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Economy of Israel vs Malta compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $27.8B for Malta, ranking 27/197 and 118/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $13B (46.8% of GDP) in Malta.

Israel vs Malta GDP by year

Israel
Malta
1x
Year GDP, current $
Israel Malta
2025 $610,777,842,874 $27,771,821,561
2024 $542,284,494,491 $25,042,712,191
2023 $513,393,395,492 $22,625,329,776
2022 $525,157,951,213 $18,938,869,147
2021 $489,735,019,666 $19,730,119,031
2020 $410,908,899,711 $16,404,655,808
2019 $399,207,771,082 $16,337,788,881
2018 $375,470,422,244 $16,153,785,817
2017 $357,360,816,857 $14,161,374,599
2016 $321,083,954,798 $12,025,777,078
2015 $302,841,190,258 $11,340,789,706
2014 $314,376,760,832 $11,888,029,752
2013 $298,045,324,736 $10,796,780,874
2012 $263,172,104,091 $9,609,530,619
2011 $267,739,352,609 $9,789,363,086
2010 $239,372,857,534 $9,097,044,301
2009 $213,112,649,594 $8,769,897,418
2008 $220,952,472,408 $9,172,399,573
2007 $184,448,882,452 $7,908,412,374
2006 $158,706,516,002 $6,749,838,862
2005 $147,346,035,831 $6,393,234,965
2004 $139,925,423,025 $6,104,141,501
2003 $131,278,887,815 $5,418,315,225
2002 $125,215,963,105 $4,455,127,398
2001 $134,889,159,474 $4,070,867,153
2000 $136,409,902,632 $4,036,809,767
1999 $121,329,240,042 $4,111,857,836
1998 $120,468,659,246 $4,010,111,652
1997 $119,389,303,067 $3,787,023,655
1996 $115,051,957,577 $3,822,547,151
1995 $105,432,315,611 $3,709,396,089
1994 $90,684,108,118 $2,998,505,428
1993 $79,806,598,120 $2,709,193,538
1992 $79,408,652,426 $3,021,942,759
1991 $70,954,941,681 $2,750,216,747
1990 $61,978,459,022 $2,547,328,748
1989 $52,411,116,588 $2,118,655,677
1988 $52,618,458,014 $2,019,503,068
1987 $43,022,977,765 $1,751,293,461
1986 $35,812,041,620 $1,435,038,441
1985 $28,887,898,639 $1,117,797,439
1984 $30,626,695,891 $1,101,807,023
1983 $32,655,591,256 $1,165,729,707
1982 $29,237,231,967 $1,234,474,404
1981 $26,865,420,933 $1,243,509,394
1980 $25,379,585,067 $1,250,198,601
1979 $22,595,788,591 $1,001,288,847
1978 $17,690,363,444 $793,673,402
1977 $18,245,847,441 $625,563,171
1976 $15,946,502,888 $527,936,989
1975 $16,131,806,290 $474,618,321
1974 $17,162,009,924 $376,081,124
1973 $11,895,229,181 $345,616,106
1972 $9,216,866,299 $295,106,628
1971 $7,048,191,876 $264,578,485
1970 $7,402,142,195 $250,728,796
1969 $6,293,966,357 -
1968 $5,455,059,532 -
1967 $4,759,447,914 -
1966 $4,700,397,692 -
1965 $4,326,412,951 -
1964 $4,021,861,430 -
1963 $3,533,767,055 -
1962 $2,964,323,618 -
1961 $3,706,297,903 -
1960 $3,068,690,949 -

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

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

GDP per capita in Israel vs Malta by year

Israel
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $47,907 -
2024 $54,217 $57,236 $44,024 $69,864
2023 $52,126 $55,171 $40,933 $67,057
2022 $54,947 $53,619 $35,659 $60,589
2021 $52,258 $46,162 $38,078 $56,852
2020 $44,591 $40,955 $31,823 $49,972
2019 $44,092 $41,325 $32,422 $51,393
2018 $42,269 $40,190 $33,382 $48,178
2017 $41,013 $39,471 $30,317 $45,764
2016 $37,571 $38,189 $26,459 $41,000
2015 $36,138 $35,871 $25,530 $38,369
2014 $38,265 $34,816 $27,425 $35,206
2013 $36,981 $34,827 $25,416 $33,138
2012 $33,269 $32,484 $22,878 $30,716
2011 $34,477 $31,314 $23,517 $29,426
2010 $31,399 $29,456 $21,947 $28,909
2009 $28,470 $28,087 $21,262 $26,782
2008 $30,231 $28,084 $22,406 $26,654
2007 $25,689 $28,307 $19,444 $25,012
2006 $22,500 $26,385 $16,654 $23,219
2005 $21,262 $25,701 $15,831 $22,227
2004 $20,550 $26,078 $15,212 $21,566
2003 $19,624 $24,702 $13,594 $20,813
2002 $19,059 $26,101 $11,251 $19,532
2001 $20,949 $25,806 $10,358 $18,435
2000 $21,690 $25,766 $10,348 $18,214
1999 $19,809 $23,415 $10,609 $16,898
1998 $20,176 $22,927 $10,408 $16,219
1997 $20,457 $22,279 $9,893 $15,465
1996 $20,213 $21,672 $10,062 $14,661
1995 $19,014 $20,642 $9,828 $13,950
1994 $16,796 $19,478 $8,000 $12,938
1993 $15,169 $18,218 $7,296 $12,103
1992 $15,500 $17,553 $8,220 $11,429
1991 $14,337 $16,486 $7,559 $10,784
1990 $13,300 $15,721 $7,192 $10,086
1989 $11,601 - $6,041 -
1988 $11,846 - $5,814 -
1987 $9,847 - $5,084 -
1986 $8,330 - $4,195 -
1985 $6,824 - $3,322 -
1984 $7,364 - $3,333 -
1983 $7,955 - $3,527 -
1982 $7,253 - $3,788 -
1981 $6,791 - $3,898 -
1980 $6,545 - $3,948 -
1979 $5,968 - $3,196 -
1978 $4,794 - $2,559 -
1977 $5,050 - $2,038 -
1976 $4,514 - $1,727 -
1975 $4,669 - $1,560 -
1974 $5,082 - $1,245 -
1973 $3,629 - $1,144 -
1972 $2,928 - $976 -
1971 $2,297 - $874 -
1970 $2,489 - $828 -
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/malta | CC BY

Israel's GDP per capita is $60,337, ranking 19/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Malta ranks 25th at $69,864.

Economic indicators

Israel Malta
Gross domestic product
$611B
2025
$27.8B
2025
GDP rank
27/197
2025
118/197
2025
GDP growth
2.93%
2024-2025
3.96%
2024-2025
GDP per capita
$60,337
2025
$47,907
2025
GDP per capita rank
19/197
2025
28/197
2025
GDP per capita, PPP
$57,236
2024
$69,864
2024
GDP per capita PPP rank
36/197
2024
25/197
2024
Government debt
$418B
2025
$13B
2025
Debt-to-GDP ratio
68.5%
2025
46.8%
2025
Government debt per person
$41,338
2025
$22,407
2025
Government debt per person rank
16/185
2025
30/185
2025
Average annual personal income after taxes
$48,251
2026
$22,914
2026
Market capitalization of domestic companies
$331B
2024
$5.35B
2025
Number of millionaires
195,000
2026
n/a
Number of billionaires
42
2026
n/a
Income share by richest 10%
27%
2022
24.7%
2023
Income share by poorest 10%
1.8%
2022
2.8%
2023
Government expenditure, % of GDP
43.6%
2025
37%
2025
Consumer prices inflation
3.04%
2024-2025
2.36%
2024-2025
Central bank interest rate
3.75%
2026
n/a
Unemployment rate
3%
2025
3.1%
2025
Population
10334048
586345

Spending and national debt comparison by year

Israel
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Israel Malta
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 37% 46.8%
2024 43.7% 67.7% 37.4% 46%
2023 39.6% 61.3% 35.8% 46.8%
2022 36.9% 60.3% 38.4% 50.1%
2021 40.1% 67.7% 39.5% 49.6%
2020 44.8% 71.1% 42.1% 48.6%
2019 38.7% 59.3% 34.9% 39.2%
2018 39.2% 60.1% 34.5% 41.4%
2017 38.4% 59.8% 32.7% 45.6%
2016 37.9% 61.7% 35.5% 53.1%
2015 37.6% 62.8% 37.8% 55%
2014 38.3% 65.8% 39.6% 60.7%
2013 39.7% 66% 40.1% 64.9%
2012 39.6% 66.9% 41.7% 65.6%
2011 39.3% 67.2% 41.5% 68.9%
2010 39.7% 69% 40.1% 65%
2009 41.4% 72.6% 41.1% 66%
2008 41.2% 70.2% 42.1% 61.5%
2007 40.2% 70.8% 41.2% 62%
2006 41.6% 77.7% 42.5% 64.5%
2005 42.3% 85.2% 42.5% 70.2%
2004 43% 88.3% 42% 70.4%
2003 45.4% 89.7% 45.6% 68.6%
2002 50% 87.2% 43.6% 65.1%
2001 46.1% 81.1% 44.4% 70%
2000 43.4% 77.2% 42.9% 64.4%
1999 53.6% 94.8% - 69.8%
1998 55% 101% - 66.4%
1997 52.6% 99.3% - 60.8%
1996 53.2% 100.3% - 51.5%
1995 52.8% 102.3% - 45.3%
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 46.8% in Malta, ranking 60/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Malta
1x
Year Deficit/surplus, % of GDP
Israel Malta
2025 -5.22% -3.1%
2024 -8.07% -3.51%
2023 -5.38% -4.43%
2022 0.3% -5.33%
2021 -3.37% -6.96%
2020 -10.6% -8.71%
2019 -3.79% 0.72%
2018 -3.58% 1.86%
2017 -1.17% 3.4%
2016 -1.78% 1.1%
2015 -1.2% -0.84%
2014 -2.28% -1.49%
2013 -4.07% -2.19%
2012 -4.46% -3.31%
2011 -3.43% -2.99%
2010 -3.72% -2.22%
2009 -6.53% -3.11%
2008 -3.49% -4.06%
2007 -0.43% -2.05%
2006 -0.94% -2.46%
2005 -2.74% -2.83%
2004 -3.4% -4.28%
2003 -5.03% -9.04%
2002 -8.21% -5.62%
2001 -4.06% -6.5%
2000 -0.8% -5.83%
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/malta | 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 Malta's deficit of $861M, or 3.1% of GDP.

Over the past 26 years, Israel recorded a fiscal deficit in 25 of those years, while Malta ran a deficit in 22 years. On average, Israel posted an annual deficit equal to 3.75% of GDP, compared to deficit of 3.22% of GDP for Malta.

Inflation comparison by year

Inflation
Israel

Malta
1x
Year Consumer prices inflation
Israel Malta
2025 3.04% 2.36%
2024 3.07% 1.65%
2023 4.23% 5.09%
2022 4.41% 6.15%
2021 1.48% 1.5%
2020 -0.58% 0.64%
2019 0.82% 1.64%
2018 0.81% 1.16%
2017 0.25% 1.36%
2016 -0.54% 0.64%
2015 -0.62% 1.1%
2014 0.47% 0.31%
2013 1.59% 1.18%
2012 1.68% 2.38%
2011 3.49% 2.96%
2010 2.7% 1.52%
2009 3.37% 2.08%
2008 4.53% 4.26%
2007 0.47% 1.25%
2006 2.05% 2.77%
2005 1.34% 3.01%
2004 -0.42% 2.79%
2003 0.71% 1.3%
2002 5.8% 2.19%
2001 1.12% 2.93%
2000 1.03% 2.37%
1999 5.19% 2.13%
1998 5.49% 2.39%
1997 8.95% 3.11%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 2.22% in Malta. In 2025, inflation was 3.04% in Israel and 2.36% in Malta.

Top exports between countries

Israel
Export category Export value
Raw materials & minerals $120M
Chemicals & pharma $55.2M
Raw agricultural goods $14.9M
Machinery & equipment $5M
Metals $672K
Textiles & consumer goods $159K
Precious metals & jewellery $136K
Processed food, beverages & tobacco $98K
Miscellaneous $24K
Wood & paper products $22K
Malta
Export category Export value
Chemicals & pharma $15.8M
Machinery & equipment $3.53M
Animal & marine products $1.09M
Wood & paper products $400K
Processed food, beverages & tobacco $281K
Raw agricultural goods $256K
Textiles & consumer goods $139K
Precious metals & jewellery $90K
Metals $23K
Miscellaneous $3K

Balance of trade

Israel Malta
Current account balance
$8.53B
2025
$1.78B
2024
Current account balance ranking
26/190
2025
45/190
2024
Current account balance, % of GDP
+1.4%
2025
+7.1%
2024
Goods imports
$102B
2025
$7.56B
2024
Goods exports
$76.2B
2025
$4.58B
2024
Service imports
$53.2B
2025
$17.4B
2024
Service exports
$92.4B
2025
$25B
2024
Imports of goods and services, % of GDP
25.4%
2025
99.9%
2025
Exports of goods and services, % of GDP
27.6%
2025
119.1%
2025

Economic freedom indices

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

Israel Malta
Economic freedom 68.4 68.2
Economic freedom ranking 47/197 49/197
Property rights 73.1 85.5
Government integrity 66.2 54.3
Judicial effectiveness 68.1 80.2
Tax burden 60.2 68.5
Government spending 52 58.4
Fiscal health 60.8 63.2
Business freedom 72.4 83.2
Labor freedom 56.8 62.6
Monetary freedom 78.2 73.1
Trade freedom 82.8 79.4
Investment freedom 70 60
Financial freedom 80 50

Economic freedom comparison by year

Israel
Malta
1x
Year Economic freedom index
Israel Malta
2026 68.4 68.2
2025 69.9 66.8
2024 70.1 64.5
2023 68.9 67.5
2022 68 71.5
2021 73.8 70.2
2020 74 69.5
2019 72.8 68.6
2018 72.2 68.5
2017 69.7 67.7
2016 70.7 66.7
2015 70.5 66.5
2014 68.4 66.4
2013 66.9 67.5
2012 67.8 67
2011 68.5 65.7
2010 67.7 67.2
2009 67.6 66.1
2008 66.3 66
2007 64.8 66.1
2006 64.4 67.3
2005 62.6 68.9
2004 61.4 63.3
2003 62.7 61.1
2002 66.9 62.2
2001 66.1 62.9
2000 65.5 58.3
1999 68.3 59.3
1998 68 61.2
1997 62.7 57.9
1996 62 55.8
1995 61.5 56.3

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Malta
Services, % of GDP
72.8%
2024
81.3%
2025
Industry, % of GDP
17.2%
2024
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
0.47%
2025
GNI, Atlas method
$569B
2025
$24B
2025
GNI per capita, PPP
$58,870
2025
$64,900
2025
Total reserves including gold
$229B
2025
$1.54B
2025
Total reserves ranking
18/177
2025
134/177
2025
Net foreign direct investment
-$11.8B
2025
-$6.13B
2024
Net inflows of foreign direct investment
$14.8B
2024
$42.6B
2024
Net outflows of foreign direct investment
$9.92B
2024
$36.5B
2024
Poverty at national poverty lines
22%
2020
16.7%
2021
Gross capital formation, % of GDP
24.3%
2025
18.7%
2025

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/malta | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, 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 (2022–2025, 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.

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.