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Economy of Israel vs Malta compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $25B for Malta, ranking 29/197 and 119/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Israel vs Malta GDP by year

Israel
Malta
1x
Year GDP, current $
Israel Malta
2024 $540,379,921,262 $24,971,574,502
2023 $512,184,638,999 $22,610,561,526
2022 $525,181,008,026 $18,928,276,162
2021 $489,851,549,972 $19,739,875,611
2020 $410,768,352,658 $16,404,663,226
2019 $400,645,216,359 $16,337,793,531
2018 $376,299,083,108 $16,153,779,511
2017 $358,451,839,053 $14,161,366,724
2016 $321,940,971,558 $12,025,782,834
2015 $303,469,434,072 $11,340,795,042
2014 $315,017,088,117 $11,888,032,874
2013 $298,478,070,673 $10,796,782,636
2012 $263,589,172,712 $9,609,532,089
2011 $268,094,998,225 $9,789,361,703
2010 $239,679,036,634 $9,097,044,159
2009 $213,403,181,853 $8,734,745,698
2008 $221,231,658,863 $9,135,419,465
2007 $184,681,214,673 $7,908,412,306
2006 $158,900,547,825 $6,749,838,806
2005 $147,519,922,009 $6,393,234,993
2004 $140,047,984,605 $6,104,141,520
2003 $131,408,914,824 $5,418,315,224
2002 $125,332,331,884 $4,455,127,414
2001 $135,002,039,613 $4,070,867,133
2000 $136,512,300,542 $4,036,809,815
1999 $121,417,185,062 $4,111,857,809
1998 $120,547,409,279 $4,010,111,688
1997 $119,459,826,347 $3,787,023,707
1996 $115,116,595,545 $3,822,547,197
1995 $105,497,418,059 $3,709,396,045
1994 $90,740,103,829 $2,998,505,428
1993 $79,855,877,174 $2,709,193,538
1992 $79,457,685,757 $3,021,942,759
1991 $70,998,755,007 $2,750,216,747
1990 $62,016,729,541 $2,547,328,748
1989 $52,443,479,454 $2,118,655,677
1988 $52,650,948,910 $2,019,503,068
1987 $43,049,543,635 $1,751,293,461
1986 $35,834,154,874 $1,435,038,441
1985 $28,905,736,367 $1,117,797,439
1984 $30,645,607,293 $1,101,807,023
1983 $32,675,755,462 $1,165,729,707
1982 $29,255,285,401 $1,234,474,404
1981 $26,882,009,819 $1,243,509,394
1980 $25,395,256,478 $1,250,198,601
1979 $22,609,741,060 $1,001,288,847
1978 $17,701,286,907 $793,673,402
1977 $18,257,113,904 $625,563,171
1976 $15,956,349,550 $527,936,989
1975 $16,141,767,373 $474,618,321
1974 $17,172,607,138 $376,081,124
1973 $11,902,574,259 $345,616,106
1972 $9,222,557,539 $295,106,628
1971 $7,052,544,000 $264,578,485
1970 $7,406,712,876 $250,728,796
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/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
2024 $54,177 $57,236 $43,899 $69,864
2023 $52,004 $55,171 $40,906 $67,057
2022 $54,950 $53,619 $35,639 $60,589
2021 $52,271 $46,162 $38,097 $56,852
2020 $44,576 $40,955 $31,823 $49,972
2019 $44,251 $41,325 $32,422 $51,393
2018 $42,363 $40,190 $33,382 $48,178
2017 $41,138 $39,471 $30,317 $45,764
2016 $37,672 $38,189 $26,459 $41,000
2015 $36,213 $35,871 $25,530 $38,369
2014 $38,343 $34,816 $27,425 $35,206
2013 $37,034 $34,827 $25,416 $33,138
2012 $33,321 $32,484 $22,878 $30,716
2011 $34,523 $31,314 $23,517 $29,426
2010 $31,439 $29,456 $21,947 $28,909
2009 $28,508 $28,087 $21,176 $26,782
2008 $30,269 $28,084 $22,315 $26,654
2007 $25,721 $28,307 $19,444 $25,012
2006 $22,527 $26,385 $16,654 $23,219
2005 $21,287 $25,701 $15,831 $22,227
2004 $20,568 $26,078 $15,212 $21,566
2003 $19,643 $24,702 $13,594 $20,813
2002 $19,076 $26,101 $11,251 $19,532
2001 $20,966 $25,806 $10,358 $18,435
2000 $21,707 $25,766 $10,348 $18,214
1999 $19,823 $23,415 $10,609 $16,898
1998 $20,189 $22,927 $10,408 $16,219
1997 $20,469 $22,279 $9,893 $15,465
1996 $20,224 $21,672 $10,062 $14,661
1995 $19,026 $20,642 $9,828 $13,950
1994 $16,807 $19,478 $8,000 $12,938
1993 $15,179 $18,218 $7,296 $12,103
1992 $15,510 $17,553 $8,220 $11,429
1991 $14,346 $16,486 $7,559 $10,784
1990 $13,308 $15,721 $7,192 $10,086
1989 $11,608 - $6,041 -
1988 $11,853 - $5,814 -
1987 $9,853 - $5,084 -
1986 $8,335 - $4,195 -
1985 $6,829 - $3,322 -
1984 $7,369 - $3,333 -
1983 $7,960 - $3,527 -
1982 $7,258 - $3,788 -
1981 $6,795 - $3,898 -
1980 $6,549 - $3,948 -
1979 $5,972 - $3,196 -
1978 $4,797 - $2,559 -
1977 $5,053 - $2,038 -
1976 $4,516 - $1,727 -
1975 $4,672 - $1,560 -
1974 $5,085 - $1,245 -
1973 $3,631 - $1,144 -
1972 $2,930 - $976 -
1971 $2,298 - $874 -
1970 $2,490 - $828 -
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/malta | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $43,899 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
$540B
2024
$25B
2024
GDP rank
29/197
2024
119/197
2024
GDP growth
0.87%
2023-2024
6.8%
2023-2024
GDP per capita
$54,177
2024
$43,899
2024
GDP per capita rank
21/197
2024
28/197
2024
GDP per capita, PPP
$57,236
2024
$69,864
2024
GDP per capita PPP rank
36/197
2024
25/197
2024
Government debt
$366B
2024
$11.5B
2024
Debt-to-GDP ratio
67.6%
2024
46.2%
2024
Government debt per person
$36,645
2024
$20,269
2024
Government debt per person rank
18/185
2024
31/185
2024
Average annual personal income after taxes
$43,003
2026
$23,692
2026
Market capitalization of domestic companies
$331B
2024
$4.29B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
27.7%
2022
Income share by poorest 10%
2%
2021
2.7%
2022
Government expenditure, % of GDP
43.8%
2024
37.3%
2024
Consumer prices inflation
3.07%
2023-2024
1.65%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
3.12%
2024
Population
10290887
581729

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
2024 43.8% 67.6% 37.3% 46.2%
2023 39.3% 61.3% 36.1% 46.8%
2022 36.9% 60.3% 38.3% 50.1%
2021 40% 67.7% 39.4% 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 38.3% 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% 64.9% 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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 46.2% in Malta, ranking 62/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Malta
1x
Year Deficit/surplus, % of GDP
Israel Malta
2024 -8.26% -3.58%
2023 -5.06% -4.65%
2022 0.32% -5.31%
2021 -3.37% -6.95%
2020 -10.7% -8.72%
2019 -3.79% 0.72%
2018 -3.56% 1.86%
2017 -1.13% 3.4%
2016 -1.79% 1.1%
2015 -1.21% -0.84%
2014 -2.29% -1.49%
2013 -4.06% -2.19%
2012 -4.46% -3.31%
2011 -3.43% -2.99%
2010 -3.72% -2.22%
2009 -6.53% -3.11%
2008 -3.5% -4.06%
2007 -0.43% -2.05%
2006 -0.95% -2.46%
2005 -2.74% -2.83%
2004 -3.4% -4.28%
2003 -5.03% -9.04%
2002 -8.22% -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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Israel recorded a fiscal deficit in 24 of those years, while Malta ran a deficit in 21 years. On average, Israel posted an annual deficit equal to 3.69% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Israel

Malta
1x
Year Consumer prices inflation
Israel Malta
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 (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 2.21% in Malta. In 2024, inflation was 3.07% in Israel and 1.65% in Malta.

Top exports between countries

Israel
Export category Export value
Raw materials & minerals $99.8M
Chemicals & pharma $96.4M
Machinery & equipment $46.9M
Raw agricultural goods $5.65M
Metals $411K
Textiles & consumer goods $143K
Processed food, beverages & tobacco $142K
Precious metals & jewellery $96K
Miscellaneous $24K
Wood & paper products $21K
Malta
Export category Export value
Machinery & equipment $4.59M
Chemicals & pharma $2.48M
Animal & marine products $959K
Wood & paper products $385K
Precious metals & jewellery $92K
Textiles & consumer goods $62K
Processed food, beverages & tobacco $38K
Metals $11K
Raw agricultural goods $6K
Miscellaneous $3K

Balance of trade

Israel Malta
Current account balance
$15.5B
2024
$1.78B
2024
Current account balance ranking
21/190
2024
47/190
2024
Current account balance, % of GDP
+2.86%
2024
+7.12%
2024
Goods imports
$96.3B
2024
$7.56B
2024
Goods exports
$70B
2024
$4.58B
2024
Service imports
$44.4B
2024
$17.4B
2024
Service exports
$83.7B
2024
$25B
2024
Imports of goods and services, % of GDP
26%
2024
99.7%
2024
Exports of goods and services, % of GDP
28.4%
2024
118.5%
2024

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 2026-03-09).

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
72.5%
2024
81.8%
2024
Industry, % of GDP
17.3%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
0.23%
2024
GNI, Atlas method
$528B
2024
$20.9B
2024
GNI per capita, PPP
$56,790
2024
$61,340
2024
Total reserves including gold
$215B
2024
$1.42B
2024
Total reserves ranking
18/177
2024
137/177
2024
Net foreign direct investment
-$4.86B
2024
-$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
23.4%
2024
19%
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/malta | 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 (1995–2024, 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 (2021–2024, 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.

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.