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Economy of Israel vs Nicaragua compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $19.7B for Nicaragua, ranking 29/197 and 131/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $7.71B (39.1% of GDP) in Nicaragua.

Israel vs Nicaragua GDP by year

Israel
Nicaragua
1x
Year GDP, current $
Israel Nicaragua
2024 $540,379,921,262 $19,693,982,968
2023 $512,184,638,999 $17,805,842,284
2022 $525,181,008,026 $15,634,572,502
2021 $489,851,549,972 $14,209,020,362
2020 $410,768,352,658 $12,726,422,432
2019 $400,645,216,359 $12,699,023,614
2018 $376,299,083,108 $13,025,221,974
2017 $358,451,839,053 $13,785,893,007
2016 $321,940,971,558 $13,286,093,388
2015 $303,469,434,072 $12,756,696,261
2014 $315,017,088,117 $11,880,438,824
2013 $298,478,070,673 $10,982,988,249
2012 $263,589,172,712 $10,532,017,232
2011 $268,094,998,225 $9,774,329,333
2010 $239,679,036,634 $8,758,602,233
2009 $213,403,181,853 $8,298,702,489
2008 $221,231,658,863 $8,496,967,597
2007 $184,681,214,673 $7,423,375,015
2006 $158,900,547,825 $6,763,672,381
2005 $147,519,922,009 $6,321,324,279
2004 $140,047,984,605 $5,792,932,838
2003 $131,408,914,824 $5,322,228,351
2002 $125,332,331,884 $5,223,727,303
2001 $135,002,039,613 $5,351,752,034
2000 $136,512,300,542 $5,109,587,050
1999 $121,417,185,062 $4,856,026,259
1998 $120,547,409,279 $4,635,347,386
1997 $119,459,826,347 $4,389,973,490
1996 $115,116,595,545 $4,308,351,903
1995 $105,497,418,059 $4,140,470,000
1994 $90,740,103,829 $3,863,185,119
1993 $79,855,877,174 $1,756,454,248
1992 $79,457,685,757 $1,792,800,000
1991 $70,998,755,007 $1,488,804,124
1990 $62,016,729,541 $1,009,455,484
1989 $52,443,479,454 $1,013,184,756
1988 $52,650,948,910 $2,630,900,096
1987 $43,049,543,635 $3,851,200,118
1986 $35,834,154,874 $2,885,799,994
1985 $28,905,736,367 $2,683,699,935
1984 $30,645,607,293 $3,117,599,872
1983 $32,675,755,462 $2,753,100,058
1982 $29,255,285,401 $2,454,499,872
1981 $26,882,009,819 $2,474,700,227
1980 $25,395,256,478 $2,144,300,006
1979 $22,609,741,060 $1,567,599,982
1978 $17,701,286,907 $2,127,699,979
1977 $18,257,113,904 $2,226,999,874
1976 $15,956,349,550 $1,836,899,999
1975 $16,141,767,373 $1,581,599,959
1974 $17,172,607,138 $1,521,400,012
1973 $11,902,574,259 $1,092,900,015
1972 $9,222,557,539 $878,570,045
1971 $7,052,544,000 $828,569,953
1970 $7,406,712,876 $778,569,939
1969 $6,297,852,761 $750,000,003
1968 $5,458,427,928 $692,859,985
1967 $4,762,386,783 $657,140,011
1966 $4,703,300,098 $607,140,010
1965 $4,329,084,429 $564,290,020
1964 $4,024,344,853 $347,119,918
1963 $3,535,949,089 $297,324,163
1962 $2,966,154,031 $269,283,804
1961 $3,708,586,471 $244,144,237
1960 $3,070,585,807 $227,223,322

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

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

GDP per capita in Israel vs Nicaragua by year

Israel
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $2,848 $8,709
2023 $52,004 $55,171 $2,609 $8,320
2022 $54,950 $53,619 $2,323 $7,797
2021 $52,271 $46,162 $2,138 $7,119
2020 $44,576 $40,955 $1,938 $6,274
2019 $44,251 $41,325 $1,959 $5,981
2018 $42,363 $40,190 $2,035 $5,935
2017 $41,138 $39,471 $2,183 $6,225
2016 $37,672 $38,189 $2,132 $5,882
2015 $36,213 $35,871 $2,074 $5,449
2014 $38,343 $34,816 $1,958 $5,068
2013 $37,034 $34,827 $1,835 $4,711
2012 $33,321 $32,484 $1,785 $4,508
2011 $34,523 $31,314 $1,680 $4,325
2010 $31,439 $29,456 $1,527 $4,042
2009 $28,508 $28,087 $1,467 $3,880
2008 $30,269 $28,084 $1,524 $4,044
2007 $25,721 $28,307 $1,350 $3,891
2006 $22,527 $26,385 $1,248 $3,658
2005 $21,287 $25,701 $1,183 $3,456
2004 $20,568 $26,078 $1,099 $3,255
2003 $19,643 $24,702 $1,021 $3,046
2002 $19,076 $26,101 $1,014 $2,948
2001 $20,966 $25,806 $1,052 $2,917
2000 $21,707 $25,766 $1,017 $2,806
1999 $19,823 $23,415 $980 $2,672
1998 $20,189 $22,927 $949 $2,497
1997 $20,469 $22,279 $913 $2,418
1996 $20,224 $21,672 $911 $2,325
1995 $19,026 $20,642 $892 $2,187
1994 $16,807 $19,478 $849 $2,064
1993 $15,179 $18,218 $394 $1,998
1992 $15,510 $17,553 $411 $2,003
1991 $14,346 $16,486 $350 $1,995
1990 $13,308 $15,721 $242.5 $1,979
1989 $11,608 - $249.2 -
1988 $11,853 - $662 -
1987 $9,853 - $992 -
1986 $8,335 - $761 -
1985 $6,829 - $724 -
1984 $7,369 - $861 -
1983 $7,960 - $780 -
1982 $7,258 - $714 -
1981 $6,795 - $740 -
1980 $6,549 - $659 -
1979 $5,972 - $495 -
1978 $4,797 - $691 -
1977 $5,053 - $744 -
1976 $4,516 - $633 -
1975 $4,672 - $561 -
1974 $5,085 - $557 -
1973 $3,631 - $413 -
1972 $2,930 - $341 -
1971 $2,298 - $331 -
1970 $2,490 - $321 -
1969 $2,189 - $319 -
1968 $1,947 - $304 -
1967 $1,735 - $297.9 -
1966 $1,789 - $284 -
1965 $1,689 - $272.3 -
1964 $1,626 - $172.7 -
1963 $1,486 - $152.5 -
1962 $1,294 - $142.3 -
1961 $1,697 - $132.9 -
1960 $1,452 - $127.5 -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $2,848 in Nicaragua, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Nicaragua ranks 138th at $8,709.

Economic indicators

Israel Nicaragua
Gross domestic product
$540B
2024
$19.7B
2024
GDP rank
29/197
2024
131/197
2024
GDP growth
0.87%
2023-2024
3.59%
2023-2024
GDP per capita
$54,177
2024
$2,848
2024
GDP per capita rank
21/197
2024
141/197
2024
GDP per capita, PPP
$57,236
2024
$8,709
2024
GDP per capita PPP rank
36/197
2024
138/197
2024
Government debt
$366B
2024
$7.71B
2024
Debt-to-GDP ratio
67.6%
2024
39.1%
2024
Government debt per person
$36,645
2024
$1,115
2024
Government debt per person rank
18/185
2024
138/185
2024
Average annual personal income after taxes
$43,003
2026
$2,318
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
37.2%
2014
Income share by poorest 10%
2%
2021
2%
2014
Government expenditure, % of GDP
43.8%
2024
27.1%
2024
Consumer prices inflation
3.07%
2023-2024
4.6%
2023-2024
Central bank interest rate
4.5%
2024
6%
2025
Unemployment rate
2.9%
2024
5.2%
2018
Population
10290887
7124343

Spending and national debt comparison by year

Israel
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Israel Nicaragua
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 27.1% 39.1%
2023 39.3% 61.3% 26% 42.3%
2022 36.9% 60.3% 28.6% 45.9%
2021 40% 67.7% 30% 48.4%
2020 44.8% 71.1% 28.9% 49.2%
2019 38.7% 59.3% 27.7% 44.2%
2018 39.2% 60.1% 27.7% 39.1%
2017 38.3% 59.8% 27.3% 34.7%
2016 37.9% 61.7% 26.8% 30.9%
2015 37.6% 62.8% 25.4% 28.9%
2014 38.3% 64.9% 24.6% 28.7%
2013 39.7% 66% 24.2% 28.8%
2012 39.6% 66.9% 24.1% 27.9%
2011 39.3% 67.2% 23.5% 28.8%
2010 39.7% 69% 22.6% 30.3%
2009 41.4% 72.6% 22.7% 29.3%
2008 41.2% 70.2% 21.9% 26%
2007 40.2% 70.8% 21.5% 30.9%
2006 41.6% 77.7% 21.4% 51.2%
2005 42.3% 85.2% 21.3% 66.6%
2004 43% 88.3% 20.8% 84%
2003 45.4% 89.7% 20.9% 109.5%
2002 50% 87.2% 18.7% 110.4%
2001 46.1% 81.1% 19.2% 87.5%
2000 43.4% 77.2% 20.6% 95.2%
1999 53.6% 94.8% 22.1% 99.8%
1998 55% 101% 18.5% 86.5%
1997 52.6% 99.3% 17.9% 86.4%
1996 53.2% 100.3% 18% -
1995 52.8% 102.3% 17.7% -
1994 41.7% 110.2% 18.4% -
1993 42.2% 118.3% 18.4% -
1992 44.1% 119.6% 18.4% -
1991 34.4% 123.7% 16.8% -
1990 46.8% 138.3% 28.2% -
1989 47.5% 147.4% - -
1988 46.5% 145.4% 24.8% -
1987 52.8% 143.2% - 266.6%
1986 55.7% 162.5% 26.1% 159.2%
1985 65.2% 199% 29.9% 218%
1984 - 284% 31.9% 198%
1983 - 260.5% 33.8% 211.6%
1982 69.7% - 49.4% 159.1%
1981 71.8% - 39.3% 149.1%
1980 69.4% 154.3% 30.4% 152.1%
1979 70.1% 155.5% 20.7% 116.3%
1978 62.2% 133.6% 17.7% 76.9%
1977 69.1% 142% 19.9% 62.7%
1976 66.3% 97.4% 16.2% 59.5%
1975 62% 85.1% 17.5% 57.8%
1974 - 79.8% 15.3% 40%
1973 - 62.1% 12.8% 32.9%
1972 - 63.9% 15.1% 30.2%
1971 - - 15.1% 31.6%
1970 41.6% - 13.2% 35.4%
1969 41.1% - 11.1% -
1968 39.4% - 10.9% -
1967 33.9% - 12.7% -
1966 29.6% - 12.2% -
1965 27.8% - 10.9% -
1964 28.2% - 10.2% -
1963 26.9% - 10.5% -
1962 27.7% - 10.6% -
1961 30.3% - 9.93% -
1960 30.4% - 11.2% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Nicaragua spent $5.34B, or 27.1% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 39.1% in Nicaragua, ranking 62/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Nicaragua
1x
Year Deficit/surplus, % of GDP
Israel Nicaragua
2024 -8.26% 2.48%
2023 -5.06% 2.31%
2022 0.32% 0.65%
2021 -3.37% -1.26%
2020 -10.7% -2.57%
2019 -3.79% -1.12%
2018 -3.56% -4.35%
2017 -1.13% -1.75%
2016 -1.79% -1.92%
2015 -1.21% -1.64%
2014 -2.29% -0.89%
2013 -4.06% -0.3%
2012 -4.46% 0.22%
2011 -3.43% 0.59%
2010 -3.72% 0.69%
2009 -6.53% -0.9%
2008 -3.5% 0.27%
2007 -0.43% 1.88%
2006 -0.95% 1.36%
2005 -2.74% 1.72%
2004 -3.4% 1.69%
2003 -5.03% 1.3%
2002 -8.22% 2.07%
2001 -4.06% 0.34%
2000 -0.8% 2.15%
1999 -6.26% -6.86%
1998 -7.99% -2.88%
1997 -4.84% -3.31%
1996 -5.97% -5%
1995 -4.28% -4.62%
1994 -5.62% -5.79%
1993 -5.62% -4.66%
1992 -8% -3.8%
1991 -7.04% -3.45%
1990 -9.67% -15.2%
1989 -9.03% -
1988 -7.57% -22.4%
1987 -7.47% -
1986 -7.51% -7.33%
1985 -14.2% -11.3%
1984 - -11.8%
1983 - -15.6%
1982 -13.8% -20.2%
1981 -23.5% -10.6%
1980 -19.6% -6.53%
1979 -16.7% -5.89%
1978 -14.7% -4.44%
1977 -20.3% -5.91%
1976 -19.4% -2.2%
1975 -19.6% -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 -16% -2.69%
1969 -15.3% -1.57%
1968 -11.7% -1.21%
1967 -7.68% -2.11%
1966 -4.35% -1.04%
1965 -2.72% 0.3%
1964 -3.65% 0.2%
1963 -4.41% 0.75%
1962 -4.09% -0.29%
1961 -5.86% 0.04%
1960 -6.62% -1.28%
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) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/israel/nicaragua | 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 Nicaragua's surplus of $489M, or 2.48% of GDP.

Over the past 65 years, Israel recorded a fiscal deficit in 58 of those years, while Nicaragua ran a deficit in 43 years. On average, Israel posted an annual deficit equal to 7.34% of GDP, compared to deficit of 3.09% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Israel

Nicaragua
1x
Year Consumer prices inflation
Israel Nicaragua
2024 3.07% 4.6%
2023 4.23% 8.4%
2022 4.41% 10.5%
2021 1.48% 4.9%
2020 -0.58% 3.7%
2019 0.82% 5.4%
2018 0.81% 4.9%
2017 0.25% 3.9%
2016 -0.54% 3.5%
2015 -0.62% 4%
2014 0.47% 6%
2013 1.59% 7.1%
2012 1.68% 7.2%
2011 3.49% 8.1%
2010 2.7% 5.5%
2009 3.37% 3.7%
2008 4.53% 19.8%
2007 0.47% 11.1%
2006 2.05% 9.1%
2005 1.34% 9.6%
2004 -0.42% 8.5%
2003 0.71% 5.3%
2002 5.8% 3.8%
2001 1.12% 7.4%
2000 1.03% 11.5%
1999 5.19% 11.2%
1998 5.49% 13%
1997 8.95% 9.2%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 7.53% in Nicaragua. In 2024, inflation was 3.07% in Israel and 4.6% in Nicaragua.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $905K
Chemicals & pharma $845K
Textiles & consumer goods $273K
Raw agricultural goods $257K
Raw materials & minerals $112K
Metals $76K
Processed food, beverages & tobacco $13K
Precious metals & jewellery $1K
Wood & paper products $1K
Nicaragua
Export category Export value
Processed food, beverages & tobacco $598K
Raw agricultural goods $105K
Miscellaneous $10K
Precious metals & jewellery $1K

Balance of trade

Israel Nicaragua
Current account balance
$15.5B
2024
$818M
2024
Current account balance ranking
21/190
2024
55/190
2024
Current account balance, % of GDP
+2.86%
2024
+4.15%
2024
Goods imports
$96.3B
2024
$10.1B
2024
Goods exports
$70B
2024
$6.84B
2024
Service imports
$44.4B
2024
$1.31B
2024
Service exports
$83.7B
2024
$1.3B
2024
Imports of goods and services, % of GDP
26%
2024
58.1%
2024
Exports of goods and services, % of GDP
28.4%
2024
40.5%
2024

Economic freedom indices

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

Israel Nicaragua
Economic freedom 68.4 53.6
Economic freedom ranking 47/197 139/197
Property rights 73.1 23.8
Government integrity 66.2 13.4
Judicial effectiveness 68.1 8.8
Tax burden 60.2 74.5
Government spending 52 77.7
Fiscal health 60.8 96.9
Business freedom 72.4 54.4
Labor freedom 56.8 47.3
Monetary freedom 78.2 69.4
Trade freedom 82.8 67
Investment freedom 70 60
Financial freedom 80 50

Economic freedom comparison by year

Israel
Nicaragua
1x
Year Economic freedom index
Israel Nicaragua
2026 68.4 53.6
2025 69.9 54
2024 70.1 53.4
2023 68.9 54.9
2022 68 54.8
2021 73.8 56.3
2020 74 57.2
2019 72.8 57.7
2018 72.2 58.9
2017 69.7 59.2
2016 70.7 58.6
2015 70.5 57.6
2014 68.4 58.4
2013 66.9 56.6
2012 67.8 57.9
2011 68.5 58.8
2010 67.7 58.3
2009 67.6 59.8
2008 66.3 60.8
2007 64.8 62.7
2006 64.4 63.8
2005 62.6 62.5
2004 61.4 61.4
2003 62.7 62.6
2002 66.9 61.1
2001 66.1 58
2000 65.5 56.9
1999 68.3 54
1998 68 53.8
1997 62.7 53.3
1996 62 54.1
1995 61.5 42.5

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Nicaragua
Services, % of GDP
72.5%
2024
46.8%
2024
Industry, % of GDP
17.3%
2024
27.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
14.4%
2024
GNI, Atlas method
$528B
2024
$17.4B
2024
GNI per capita, PPP
$56,790
2024
$8,270
2024
Total reserves including gold
$215B
2024
$6.1B
2024
Total reserves ranking
18/177
2024
91/177
2024
Net foreign direct investment
-$4.86B
2024
-$1.28B
2024
Net inflows of foreign direct investment
$14.8B
2024
$1.35B
2024
Net outflows of foreign direct investment
$9.92B
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI n/a
9.74%
2024
Poverty at national poverty lines
22%
2020
24.9%
2016
Gross capital formation, % of GDP
23.4%
2024
24.7%
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/nicaragua | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, 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 (2020–2024, 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.