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Economy of Israel vs Marshall Islands compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $290M for the Marshall Islands, ranking 29/197 and 193/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $38.4M (13.2% of GDP) in the Marshall Islands.

Israel vs Marshall Islands GDP by year

Israel
Marshall Islands
1x
Year GDP, current $
Israel Marshall Islands
2024 $540,379,921,262 $290,108,490
2023 $512,184,638,999 $263,761,322
2022 $525,181,008,026 $258,723,511
2021 $489,851,549,972 $261,245,544
2020 $410,768,352,658 $241,800,000
2019 $400,645,216,359 $232,900,000
2018 $376,299,083,108 $220,000,000
2017 $358,451,839,053 $213,700,000
2016 $321,940,971,558 $201,800,000
2015 $303,469,434,072 $183,700,000
2014 $315,017,088,117 $186,000,000
2013 $298,478,070,673 $186,400,000
2012 $263,589,172,712 $180,700,000
2011 $268,094,998,225 $172,300,000
2010 $239,679,036,634 $161,100,000
2009 $213,403,181,853 $151,200,000
2008 $221,231,658,863 $146,600,000
2007 $184,681,214,673 $150,500,000
2006 $158,900,547,825 $143,200,000
2005 $147,519,922,009 $138,000,000
2004 $140,047,984,605 $132,900,000
2003 $131,408,914,824 $131,128,500
2002 $125,332,331,884 $131,960,000
2001 $135,002,039,613 $122,406,100
2000 $136,512,300,542 $114,838,500
1999 $121,417,185,062 $113,352,100
1998 $120,547,409,279 $112,070,100
1997 $119,459,826,347 $109,884,700
1996 $115,116,595,545 $110,858,000
1995 $105,497,418,059 $120,230,000
1994 $90,740,103,829 $108,071,000
1993 $79,855,877,174 $99,461,000
1992 $79,457,685,757 $91,063,000
1991 $70,998,755,007 $82,507,000
1990 $62,016,729,541 $78,476,000
1989 $52,443,479,454 $72,798,000
1988 $52,650,948,910 $70,688,000
1987 $43,049,543,635 $62,983,000
1986 $35,834,154,874 $55,989,000
1985 $28,905,736,367 $43,879,000
1984 $30,645,607,293 $45,144,000
1983 $32,675,755,462 $41,749,000
1982 $29,255,285,401 $34,918,000
1981 $26,882,009,819 $31,020,000
1980 $25,395,256,478 $26,710,653
1979 $22,609,741,060 $25,545,346
1978 $17,701,286,907 $22,209,370
1977 $18,257,113,904 $20,210,069
1976 $15,956,349,550 $18,153,647
1975 $16,141,767,373 $16,691,301
1974 $17,172,607,138 $15,217,532
1973 $11,902,574,259 $11,607,366
1972 $9,222,557,539 $9,973,652
1971 $7,052,544,000 $9,116,810
1970 $7,406,712,876 $8,408,486
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/marshall-islands | CC BY

GDP per capita in Israel vs Marshall Islands by year

Israel
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $7,726 $8,195
2023 $52,004 $55,171 $6,793 $7,549
2022 $54,950 $53,619 $6,456 $7,431
2021 $52,271 $46,162 $6,315 $6,768
2020 $44,576 $40,955 $5,662 $6,137
2019 $44,251 $41,325 $5,292 $6,045
2018 $42,363 $40,190 $4,858 $5,232
2017 $41,138 $39,471 $4,593 $4,719
2016 $37,672 $38,189 $4,230 $4,366
2015 $36,213 $35,871 $3,764 $4,125
2014 $38,343 $34,816 $3,735 $3,931
2013 $37,034 $34,827 $3,678 $3,845
2012 $33,321 $32,484 $3,514 $3,590
2011 $34,523 $31,314 $3,319 $3,537
2010 $31,439 $29,456 $3,095 $3,473
2009 $28,508 $28,087 $2,907 $3,253
2008 $30,269 $28,084 $2,818 $3,118
2007 $25,721 $28,307 $2,892 $3,309
2006 $22,527 $26,385 $2,754 $3,110
2005 $21,287 $25,701 $2,659 $3,017
2004 $20,568 $26,078 $2,566 $2,880
2003 $19,643 $24,702 $2,539 $2,824
2002 $19,076 $26,101 $2,566 $2,825
2001 $20,966 $25,806 $2,394 $2,700
2000 $21,707 $25,766 $2,265 $2,490
1999 $19,823 $23,415 $2,258 $2,400
1998 $20,189 $22,927 $2,254 $2,422
1997 $20,469 $22,279 $2,231 $2,434
1996 $20,224 $21,672 $2,273 $2,583
1995 $19,026 $20,642 $2,491 $2,858
1994 $16,807 $19,478 $2,265 $2,617
1993 $15,179 $18,218 $2,112 $2,452
1992 $15,510 $17,553 $1,963 $2,293
1991 $14,346 $16,486 $1,811 $2,131
1990 $13,308 $15,721 $1,758 $2,102
1989 $11,608 - $1,670 -
1988 $11,853 - $1,670 -
1987 $9,853 - $1,543 -
1986 $8,335 - $1,425 -
1985 $6,829 - $1,162 -
1984 $7,369 - $1,245 -
1983 $7,960 - $1,199 -
1982 $7,258 - $1,046 -
1981 $6,795 - $969 -
1980 $6,549 - $868 -
1979 $5,972 - $859 -
1978 $4,797 - $771 -
1977 $5,053 - $724 -
1976 $4,516 - $672 -
1975 $4,672 - $638 -
1974 $5,085 - $602 -
1973 $3,631 - $472 -
1972 $2,930 - $416 -
1971 $2,298 - $390 -
1970 $2,490 - $373 -
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/marshall-islands | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $7,726 in the Marshall Islands, ranking 96/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

Israel Marshall Islands
Gross domestic product
$540B
2024
$290M
2024
GDP rank
29/197
2024
193/197
2024
GDP growth
0.87%
2023-2024
2.5%
2023-2024
GDP per capita
$54,177
2024
$7,726
2024
GDP per capita rank
21/197
2024
96/197
2024
GDP per capita, PPP
$57,236
2024
$8,195
2024
GDP per capita PPP rank
36/197
2024
139/197
2024
Government debt
$366B
2024
$38.4M
2024
Debt-to-GDP ratio
67.6%
2024
13.2%
2024
Government debt per person
$36,645
2024
$1,022
2024
Government debt per person rank
18/185
2024
142/185
2024
Average annual personal income after taxes
$43,003
2026
$5,044
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
27.5%
2019
Income share by poorest 10%
2%
2021
2.8%
2019
Government expenditure, % of GDP
43.8%
2024
71.6%
2024
Consumer prices inflation
3.07%
2023-2024
5.2%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
9.82%
2021
Population
10290887
35058

Spending and national debt comparison by year

Israel
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
Israel Marshall Islands
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 71.6% 13.2%
2023 39.3% 61.3% 68.4% 18.2%
2022 36.9% 60.3% 67.7% 19.8%
2021 40% 67.7% 69.8% 20.1%
2020 44.8% 71.1% 67.8% 21.7%
2019 38.7% 59.3% 65.5% 25.1%
2018 39.2% 60.1% 60.5% 24.7%
2017 38.3% 59.8% 63.7% 26.5%
2016 37.9% 61.7% 56.8% 29.2%
2015 37.6% 62.8% 56.3% 33.9%
2014 38.3% 64.9% 49.2% 34.9%
2013 39.7% 66% 55% 33.4%
2012 39.6% 66.9% 53.2% 37.6%
2011 39.3% 67.2% 55.9% 35.9%
2010 39.7% 69% 59.2% 38.8%
2009 41.4% 72.6% 63.1% 41.2%
2008 41.2% 70.2% 64.3% 44.1%
2007 40.2% 70.8% 67.2% 42.2%
2006 41.6% 77.7% 61.2% 44.4%
2005 42.3% 85.2% 85.3% 45.8%
2004 43% 88.3% 54.5% 46.8%
2003 45.4% 89.7% 52.9% 43.7%
2002 50% 87.2% 55.2% 37.2%
2001 46.1% 81.1% 58.8% 32.7%
2000 43.4% 77.2% 56.5% 27.3%
1999 53.6% 94.8% 48.7% 26.1%
1998 55% 101% 50.5% 18.1%
1997 52.6% 99.3% 55% 8.73%
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/marshall-islands | CC BY

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while the Marshall Islands spent $208M, or 71.6% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 13.2% in the Marshall Islands, ranking 62/185 and 179/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Marshall Islands
1x
Year Deficit/surplus, % of GDP
Israel Marshall Islands
2024 -8.26% 3.61%
2023 -5.06% 1.14%
2022 0.32% 0.68%
2021 -3.37% 0.18%
2020 -10.7% 2.54%
2019 -3.79% -1.8%
2018 -3.56% 2.55%
2017 -1.13% 4.38%
2016 -1.79% 3.88%
2015 -1.21% 2.81%
2014 -2.29% 3.2%
2013 -4.06% -0.23%
2012 -4.46% -0.76%
2011 -3.43% 2.13%
2010 -3.72% 3.51%
2009 -6.53% 1.51%
2008 -3.5% 3.68%
2007 -0.43% 0.27%
2006 -0.95% 0.24%
2005 -2.74% -22.3%
2004 -3.4% -1.6%
2003 -5.03% 10.5%
2002 -8.22% 5.12%
2001 -4.06% 7.83%
2000 -0.8% 7.84%
1999 -6.26% 9.01%
1998 -7.99% 13.5%
1997 -4.84% 7.91%
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/marshall-islands | 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 the Marshall Islands' surplus of $10.5M, or 3.61% of GDP.

Over the past 28 years, Israel recorded a fiscal deficit in 27 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Israel posted an annual deficit equal to 3.97% of GDP, compared to surplus of 2.55% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
Israel

Marshall Islands
1x
Year Consumer prices inflation
Israel Marshall Islands
2024 3.07% 5.2%
2023 4.23% 7.4%
2022 4.41% 2.8%
2021 1.48% 2.2%
2020 -0.58% -0.7%
2019 0.82% -0.1%
2018 0.81% 0.8%
2017 0.25% 0.1%
2016 -0.54% -1.5%
2015 -0.62% -2.2%
2014 0.47% 1.1%
2013 1.59% 1.9%
2012 1.68% 4.3%
2011 3.49% 5.4%
2010 2.7% 1.8%
2009 3.37% 0.5%
2008 4.53% 14.7%
2007 0.47% 2.6%
2006 2.05% 5.3%
2005 1.34% 3.5%
2004 -0.42% 2%
2003 0.71% -
2002 5.8% -
2001 1.12% -
2000 1.03% -
1999 5.19% -
1998 5.49% -
1997 8.95% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2004–2024, retrieved 2026-02-20).

GeoRank.org/economy/israel/marshall-islands | CC BY

Over the past 21 years, Israel has recorded an average annual inflation rate of 1.65%, compared with 2.72% in the Marshall Islands. In 2024, inflation was 3.07% in Israel and 5.2% in the Marshall Islands.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $62K
Marshall Islands
Export category Export value
Raw materials & minerals $61K
Textiles & consumer goods $48K
Machinery & equipment $27K
Metals $1K

Balance of trade

Israel Marshall Islands
Current account balance
$15.5B
2024
$76.3M
2021
Current account balance ranking
21/190
2024
70/190
2021
Current account balance, % of GDP
+2.86%
2024
+29.2%
2021
Goods imports
$96.3B
2024
$133M
2021
Goods exports
$70B
2024
$121M
2021
Service imports
$44.4B
2024
$73.1M
2021
Service exports
$83.7B
2024
$9.44M
2021
Imports of goods and services, % of GDP
26%
2024
81.7%
2024
Exports of goods and services, % of GDP
28.4%
2024
42.1%
2024

Economic freedom indices

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

Israel Marshall Islands
Economic freedom 68.4 58
Economic freedom ranking 47/197 113/197
Property rights 73.1 n/a
Government integrity 66.2 n/a
Judicial effectiveness 68.1 n/a
Tax burden 60.2 n/a
Government spending 52 n/a
Fiscal health 60.8 n/a
Business freedom 72.4 n/a
Labor freedom 56.8 n/a
Monetary freedom 78.2 n/a
Trade freedom 82.8 n/a
Investment freedom 70 n/a
Financial freedom 80 n/a

Other economic metrics

Israel Marshall Islands
Services, % of GDP
72.5%
2024
67%
2024
Industry, % of GDP
17.3%
2024
13.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
19.6%
2024
GNI, Atlas method
$528B
2024
$319M
2024
GNI per capita, PPP
$56,790
2024
$9,680
2024
Total reserves including gold
$215B
2024
n/a
Total reserves ranking
18/177
2024
n/a
Net foreign direct investment
-$4.86B
2024
-$499K
2021
Net inflows of foreign direct investment
$14.8B
2024
$1.7M
2024
Net outflows of foreign direct investment
$9.92B
2024
$0
2024
Poverty at national poverty lines
22%
2020
7.2%
2019
Gross capital formation, % of GDP
23.4%
2024
20.7%
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/marshall-islands | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.