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Economy of Israel vs Nepal compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $42.9B for Nepal, ranking 29/197 and 101/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Israel vs Nepal GDP by year

Israel
Nepal
1x
Year GDP, current $
Israel Nepal
2024 $540,379,921,262 $42,914,268,287
2023 $512,184,638,999 $41,047,772,331
2022 $525,181,008,026 $41,182,939,601
2021 $489,851,549,972 $36,924,841,394
2020 $410,768,352,658 $33,433,659,301
2019 $400,645,216,359 $34,186,180,699
2018 $376,299,083,108 $33,111,525,237
2017 $358,451,839,053 $28,971,588,940
2016 $321,940,971,558 $24,524,109,484
2015 $303,469,434,072 $24,360,801,287
2014 $315,017,088,117 $22,731,612,922
2013 $298,478,070,673 $22,162,204,925
2012 $263,589,172,712 $21,703,100,877
2011 $268,094,998,225 $21,573,872,421
2010 $239,679,036,634 $16,002,656,434
2009 $213,403,181,853 $12,854,985,464
2008 $221,231,658,863 $12,545,438,605
2007 $184,681,214,673 $10,325,618,017
2006 $158,900,547,825 $9,043,715,356
2005 $147,519,922,009 $8,130,258,378
2004 $140,047,984,605 $7,273,938,315
2003 $131,408,914,824 $6,330,473,097
2002 $125,332,331,884 $6,050,875,807
2001 $135,002,039,613 $6,007,055,042
2000 $136,512,300,542 $5,494,252,208
1999 $121,417,185,062 $5,033,642,384
1998 $120,547,409,279 $4,856,255,044
1997 $119,459,826,347 $4,918,691,917
1996 $115,116,595,545 $4,521,580,381
1995 $105,497,418,059 $4,401,104,418
1994 $90,740,103,829 $4,066,775,510
1993 $79,855,877,174 $3,660,041,667
1992 $79,457,685,757 $3,401,211,581
1991 $70,998,755,007 $3,921,476,085
1990 $62,016,729,541 $3,627,560,239
1989 $52,443,479,454 $3,525,225,787
1988 $52,650,948,910 $3,487,009,748
1987 $43,049,543,635 $2,957,255,380
1986 $35,834,154,874 $2,850,782,044
1985 $28,905,736,367 $2,619,913,956
1984 $30,645,607,293 $2,581,207,388
1983 $32,675,755,462 $2,447,174,803
1982 $29,255,285,401 $2,395,423,742
1981 $26,882,009,819 $2,275,583,317
1980 $25,395,256,478 $1,945,916,583
1979 $22,609,741,060 $1,851,250,008
1978 $17,701,286,907 $1,604,162,497
1977 $18,257,113,904 $1,382,400,000
1976 $15,956,349,550 $1,452,788,985
1975 $16,141,767,373 $1,575,789,254
1974 $17,172,607,138 $1,217,953,547
1973 $11,902,574,259 $972,101,725
1972 $9,222,557,539 $1,024,098,400
1971 $7,052,544,000 $882,765,472
1970 $7,406,712,876 $865,975,309
1969 $6,297,852,761 $788,641,965
1968 $5,458,427,928 $772,231,387
1967 $4,762,386,783 $841,974,025
1966 $4,703,300,098 $906,811,944
1965 $4,329,084,429 $735,267,082
1964 $4,024,344,853 $496,098,775
1963 $3,535,949,089 $496,947,904
1962 $2,966,154,031 $574,091,101
1961 $3,708,586,471 $531,959,562
1960 $3,070,585,807 $508,334,414

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Israel vs Nepal by year

Israel
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $1,447 $5,737
2023 $52,004 $55,171 $1,382 $5,395
2022 $54,950 $53,619 $1,386 $5,103
2021 $52,271 $46,162 $1,253 $4,546
2020 $44,576 $40,955 $1,154 $4,236
2019 $44,251 $41,325 $1,203 $4,261
2018 $42,363 $40,190 $1,179 $3,956
2017 $41,138 $39,471 $1,034 $3,605
2016 $37,672 $38,189 $877 $2,976
2015 $36,213 $35,871 $876 $2,957
2014 $38,343 $34,816 $821 $2,901
2013 $37,034 $34,827 $803 $2,658
2012 $33,321 $32,484 $788 $2,466
2011 $34,523 $31,314 $786 $2,248
2010 $31,439 $29,456 $585 $2,139
2009 $28,508 $28,087 $473 $2,029
2008 $30,269 $28,084 $465 $1,942
2007 $25,721 $28,307 $385 $1,809
2006 $22,527 $26,385 $340 $1,718
2005 $21,287 $25,701 $309 $1,628
2004 $20,568 $26,078 $279.6 $1,542
2003 $19,643 $24,702 $246.4 $1,453
2002 $19,076 $26,101 $238.9 $1,390
2001 $20,966 $25,806 $240.8 $1,388
2000 $21,707 $25,766 $223.8 $1,317
1999 $19,823 $23,415 $208.6 $1,234
1998 $20,189 $22,927 $205.1 $1,187
1997 $20,469 $22,279 $211.8 $1,162
1996 $20,224 $21,672 $198.8 $1,110
1995 $19,026 $20,642 $197.8 $1,058
1994 $16,807 $19,478 $187.3 $1,026
1993 $15,179 $18,218 $172.8 $952
1992 $15,510 $17,553 $165 $920
1991 $14,346 $16,486 $195.7 $889
1990 $13,308 $15,721 $185.8 $830
1989 $11,608 - $185 -
1988 $11,853 - $187.1 -
1987 $9,853 - $162 -
1986 $8,335 - $159.5 -
1985 $6,829 - $149.9 -
1984 $7,369 - $151.1 -
1983 $7,960 - $146.6 -
1982 $7,258 - $147 -
1981 $6,795 - $142.9 -
1980 $6,549 - $125.1 -
1979 $5,972 - $121.9 -
1978 $4,797 - $108.1 -
1977 $5,053 - $95.3 -
1976 $4,516 - $102.5 -
1975 $4,672 - $113.6 -
1974 $5,085 - $89.8 -
1973 $3,631 - $73.2 -
1972 $2,930 - $78.8 -
1971 $2,298 - $69.5 -
1970 $2,490 - $69.6 -
1969 $2,189 - $64.8 -
1968 $1,947 - $64.9 -
1967 $1,735 - $72.3 -
1966 $1,789 - $79.5 -
1965 $1,689 - $65.8 -
1964 $1,626 - $45.3 -
1963 $1,486 - $46.3 -
1962 $1,294 - $54.6 -
1961 $1,697 - $51.6 -
1960 $1,452 - $50.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Nepal ranks 155th at $5,737.

Economic indicators

Israel Nepal
Gross domestic product
$540B
2024
$42.9B
2024
GDP rank
29/197
2024
101/197
2024
GDP growth
0.87%
2023-2024
3.67%
2023-2024
GDP per capita
$54,177
2024
$1,447
2024
GDP per capita rank
21/197
2024
164/197
2024
GDP per capita, PPP
$57,236
2024
$5,737
2024
GDP per capita PPP rank
36/197
2024
155/197
2024
Government debt
$366B
2024
$20.7B
2024
Debt-to-GDP ratio
67.6%
2024
48.3%
2024
Government debt per person
$36,645
2024
$700
2024
Government debt per person rank
18/185
2024
154/185
2024
Average annual personal income after taxes
$43,003
2026
$2,170
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
2
2025
Income share by richest 10%
26.6%
2021
24.2%
2022
Income share by poorest 10%
2%
2021
3.7%
2022
Government expenditure, % of GDP
43.8%
2024
22.1%
2024
Consumer prices inflation
3.07%
2023-2024
4.69%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
10.7%
2017
Population
10290887
29596762

Spending and national debt comparison by year

Israel
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Israel Nepal
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 22.1% 48.3%
2023 39.3% 61.3% 25.1% 47%
2022 36.9% 60.3% 26.1% 42.7%
2021 40% 67.7% 27.2% 43.3%
2020 44.8% 71.1% 28.5% 43.3%
2019 38.7% 59.3% 27.1% 34%
2018 39.2% 60.1% 28% 31.1%
2017 38.3% 59.8% 23.6% 25%
2016 37.9% 61.7% 19% 25%
2015 37.6% 62.8% 17.7% 25.7%
2014 38.3% 64.9% 16.6% 27.6%
2013 39.7% 66% 15.5% 31.9%
2012 39.6% 66.9% 16.8% 34.5%
2011 39.3% 67.2% 16.3% 32.4%
2010 39.7% 69% 16.5% 35.4%
2009 41.4% 72.6% 17% 39.5%
2008 41.2% 70.2% 13.4% 36.8%
2007 40.2% 70.8% 13.1% 37.9%
2006 41.6% 77.7% 11.2% 42.9%
2005 42.3% 85.2% 12% 45.1%
2004 43% 88.3% 11.8% 51.3%
2003 45.4% 89.7% 12% 53%
2002 50% 87.2% 13% 51.8%
2001 46.1% 81.1% 12.9% 50.8%
2000 43.4% 77.2% 11.4% 50.8%
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/nepal | CC BY

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 48.3% in Nepal, ranking 62/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Nepal
1x
Year Deficit/surplus, % of GDP
Israel Nepal
2024 -8.26% -2.76%
2023 -5.06% -5.81%
2022 0.32% -3.12%
2021 -3.37% -3.98%
2020 -10.7% -7.47%
2019 -3.79% -4.27%
2018 -3.56% -5.83%
2017 -1.13% -2.69%
2016 -1.79% 1.2%
2015 -1.21% 0.46%
2014 -2.29% 1.36%
2013 -4.06% 1.57%
2012 -4.46% -1.18%
2011 -3.43% -0.72%
2010 -3.72% -0.67%
2009 -6.53% -2.24%
2008 -3.5% -0.29%
2007 -0.43% -0.67%
2006 -0.95% 0.24%
2005 -2.74% 0.24%
2004 -3.4% -0.14%
2003 -5.03% -0.34%
2002 -8.22% -2.46%
2001 -4.06% -2.35%
2000 -0.8% -1.48%
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/nepal | 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 Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Israel recorded a fiscal deficit in 24 of those years, while Nepal ran a deficit in 19 years. On average, Israel posted an annual deficit equal to 3.69% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Israel

Nepal
1x
Year Consumer prices inflation
Israel Nepal
2024 3.07% 4.69%
2023 4.23% 7.12%
2022 4.41% 7.67%
2021 1.48% 4.13%
2020 -0.58% 5.06%
2019 0.82% 5.57%
2018 0.81% 4.41%
2017 0.25% 2.78%
2016 -0.54% 8.79%
2015 -0.62% 7.87%
2014 0.47% 8.36%
2013 1.59% 9.04%
2012 1.68% 9.46%
2011 3.49% 9.23%
2010 2.7% 9.33%
2009 3.37% 11.1%
2008 4.53% 9.91%
2007 0.47% 2.27%
2006 2.05% 6.92%
2005 1.34% 6.84%
2004 -0.42% 2.84%
2003 0.71% 5.71%
2002 5.8% 3.03%
2001 1.12% 2.69%
2000 1.03% 2.48%
1999 5.19% 7.45%
1998 5.49% 11.2%
1997 8.95% 4.01%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 6.43% in Nepal. In 2024, inflation was 3.07% in Israel and 4.69% in Nepal.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $474K
Processed food, beverages & tobacco $245K
Raw agricultural goods $98K
Wood & paper products $29K
Precious metals & jewellery $28K
Chemicals & pharma $18K
Textiles & consumer goods $12K
Metals $6K
Miscellaneous $6K
Nepal
Export category Export value
Processed food, beverages & tobacco $125K
Textiles & consumer goods $82K
Precious metals & jewellery $50K
Metals $11K
Chemicals & pharma $3K
Raw agricultural goods $1K
Wood & paper products $1K

Balance of trade

Israel Nepal
Current account balance
$15.5B
2024
$1.68B
2024
Current account balance ranking
21/190
2024
50/190
2024
Current account balance, % of GDP
+2.86%
2024
+3.91%
2024
Goods imports
$96.3B
2024
$12.1B
2024
Goods exports
$70B
2024
$1.54B
2024
Service imports
$44.4B
2024
$2.27B
2024
Service exports
$83.7B
2024
$1.9B
2024
Imports of goods and services, % of GDP
26%
2024
32.9%
2024
Exports of goods and services, % of GDP
28.4%
2024
7.62%
2024

Economic freedom indices

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

Israel Nepal
Economic freedom 68.4 52.9
Economic freedom ranking 47/197 144/197
Property rights 73.1 38.8
Government integrity 66.2 38.9
Judicial effectiveness 68.1 42.9
Tax burden 60.2 84.3
Government spending 52 82.1
Fiscal health 60.8 71
Business freedom 72.4 60.8
Labor freedom 56.8 48.2
Monetary freedom 78.2 69.4
Trade freedom 82.8 58.6
Investment freedom 70 10
Financial freedom 80 30

Economic freedom comparison by year

Israel
Nepal
1x
Year Economic freedom index
Israel Nepal
2026 68.4 52.9
2025 69.9 52.5
2024 70.1 52.1
2023 68.9 51.4
2022 68 49.7
2021 73.8 50.7
2020 74 54.2
2019 72.8 53.8
2018 72.2 54.1
2017 69.7 55.1
2016 70.7 50.9
2015 70.5 51.3
2014 68.4 50.1
2013 66.9 50.4
2012 67.8 50.2
2011 68.5 50.1
2010 67.7 52.7
2009 67.6 53.2
2008 66.3 54.1
2007 64.8 54.4
2006 64.4 53.7
2005 62.6 51.4
2004 61.4 51.2
2003 62.7 51.5
2002 66.9 52.3
2001 66.1 51.6
2000 65.5 51.3
1999 68.3 53.1
1998 68 53.5
1997 62.7 53.6
1996 62 50.3
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Nepal
Services, % of GDP
72.5%
2024
55.2%
2024
Industry, % of GDP
17.3%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
21.9%
2024
GNI, Atlas method
$528B
2024
$43.7B
2024
GNI per capita, PPP
$56,790
2024
$5,830
2024
Total reserves including gold
$215B
2024
$12.5B
2023
Total reserves ranking
18/177
2024
74/177
2023
Net foreign direct investment
-$4.86B
2024
-$56.9M
2024
Net inflows of foreign direct investment
$14.8B
2024
$56.9M
2024
Net outflows of foreign direct investment
$9.92B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.23%
2024
Poverty at national poverty lines
22%
2020
20.3%
2022
Gross capital formation, % of GDP
23.4%
2024
30.4%
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/nepal | 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 (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 (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.

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.