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Economy of Israel vs Pakistan compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $372B for Pakistan, ranking 29/197 and 43/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $262B (70.4% of GDP) in Pakistan.

Israel vs Pakistan GDP by year

Israel
Pakistan
1x
Year GDP, current $
Israel Pakistan
2024 $540,379,921,262 $371,570,000,121
2023 $512,184,638,999 $336,686,348,609
2022 $525,181,008,026 $374,890,295,667
2021 $489,851,549,972 $348,516,647,445
2020 $410,768,352,658 $300,425,609,818
2019 $400,645,216,359 $320,909,472,771
2018 $376,299,083,108 $356,128,166,705
2017 $358,451,839,053 $339,205,534,861
2016 $321,940,971,558 $313,630,000,130
2015 $303,469,434,072 $299,963,590,535
2014 $315,017,088,117 $271,390,474,858
2013 $298,478,070,673 $258,657,231,672
2012 $263,589,172,712 $250,106,966,105
2011 $268,094,998,225 $230,586,581,060
2010 $239,679,036,634 $196,709,621,850
2009 $213,403,181,853 $187,337,783,856
2008 $221,231,658,863 $202,203,748,584
2007 $184,681,214,673 $184,140,869,997
2006 $158,900,547,825 $161,871,385,506
2005 $147,519,922,009 $145,208,562,961
2004 $140,047,984,605 $132,216,048,339
2003 $131,408,914,824 $112,371,913,741
2002 $125,332,331,884 $97,923,302,809
2001 $135,002,039,613 $97,145,618,480
2000 $136,512,300,542 $99,484,802,345
1999 $121,417,185,062 $62,973,857,069
1998 $120,547,409,279 $62,191,955,814
1997 $119,459,826,347 $62,433,340,468
1996 $115,116,595,545 $63,320,170,084
1995 $105,497,418,059 $60,636,071,684
1994 $90,740,103,829 $52,293,470,813
1993 $79,855,877,174 $51,809,999,353
1992 $79,457,685,757 $48,884,671,947
1991 $70,998,755,007 $45,625,336,680
1990 $62,016,729,541 $40,010,423,970
1989 $52,443,479,454 $40,171,106,279
1988 $52,650,948,910 $38,472,742,808
1987 $43,049,543,635 $33,351,529,275
1986 $35,834,154,874 $31,899,070,056
1985 $28,905,736,367 $31,144,920,844
1984 $30,645,607,293 $31,151,825,467
1983 $32,675,755,462 $28,691,889,764
1982 $29,255,285,401 $30,725,971,564
1981 $26,882,009,819 $28,100,606,061
1980 $25,395,256,478 $23,654,444,444
1979 $22,609,741,060 $19,688,383,838
1978 $17,701,286,907 $17,811,515,152
1977 $18,257,113,904 $15,126,060,606
1976 $15,956,349,550 $13,168,080,808
1975 $16,141,767,373 $11,230,606,061
1974 $17,172,607,138 $8,899,191,919
1973 $11,902,574,259 $6,383,429,490
1972 $9,222,557,539 $9,415,016,360
1971 $7,052,544,000 $10,665,896,682
1970 $7,406,712,876 $10,027,509,450
1969 $6,297,852,761 $8,683,116,338
1968 $5,458,427,928 $8,041,999,160
1967 $4,762,386,783 $7,464,510,710
1966 $4,703,300,098 $6,561,108,778
1965 $4,329,084,429 $5,929,231,415
1964 $4,024,344,853 $5,204,955,901
1963 $3,535,949,089 $4,630,827,383
1962 $2,966,154,031 $4,310,163,797
1961 $3,708,586,471 $4,118,647,627
1960 $3,070,585,807 $3,749,265,015

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

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

GDP per capita in Israel vs Pakistan by year

Israel
GDP per capita

GDP per capita, PPP
Pakistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Pakistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $1,479 $6,252
2023 $52,004 $55,171 $1,360 $6,014
2022 $54,950 $53,619 $1,538 $5,920
2021 $52,271 $46,162 $1,455 $5,367
2020 $44,576 $40,955 $1,278 $5,048
2019 $44,251 $41,325 $1,390 $5,038
2018 $42,363 $40,190 $1,569 $4,979
2017 $41,138 $39,471 $1,519 $4,790
2016 $37,672 $38,189 $1,425 $4,631
2015 $36,213 $35,871 $1,380 $4,480
2014 $38,343 $34,816 $1,267 $4,313
2013 $37,034 $34,827 $1,225 $4,174
2012 $33,321 $32,484 $1,204 $4,047
2011 $34,523 $31,314 $1,132 $3,880
2010 $31,439 $29,456 $987 $3,786
2009 $28,508 $28,087 $964 $3,777
2008 $30,269 $28,084 $1,067 $3,721
2007 $25,721 $28,307 $998 $3,672
2006 $22,527 $26,385 $901 $3,515
2005 $21,287 $25,701 $828 $3,293
2004 $20,568 $26,078 $772 $3,048
2003 $19,643 $24,702 $672 $2,822
2002 $19,076 $26,101 $600 $2,688
2001 $20,966 $25,806 $610 $2,644
2000 $21,707 $25,766 $642 $2,565
1999 $19,823 $23,415 $418 $2,475
1998 $20,189 $22,927 $424 $2,419
1997 $20,469 $22,279 $438 $2,398
1996 $20,224 $21,672 $457 $2,401
1995 $19,026 $20,642 $451 $2,315
1994 $16,807 $19,478 $400 $2,224
1993 $15,179 $18,218 $408 $2,160
1992 $15,510 $17,553 $396 $2,132
1991 $14,346 $16,486 $380 $1,992
1990 $13,308 $15,721 $344 $1,895
1989 $11,608 - $358 -
1988 $11,853 - $354 -
1987 $9,853 - $317 -
1986 $8,335 - $314 -
1985 $6,829 - $317 -
1984 $7,369 - $327 -
1983 $7,960 - $311 -
1982 $7,258 - $345 -
1981 $6,795 - $328 -
1980 $6,549 - $287.4 -
1979 $5,972 - $249.2 -
1978 $4,797 - $233.4 -
1977 $5,053 - $204.7 -
1976 $4,516 - $183.9 -
1975 $4,672 - $161.7 -
1974 $5,085 - $132 -
1973 $3,631 - $97.5 -
1972 $2,930 - $148.1 -
1971 $2,298 - $172.5 -
1970 $2,490 - $166.7 -
1969 $2,189 - $148.5 -
1968 $1,947 - $141.6 -
1967 $1,735 - $135.2 -
1966 $1,789 - $122.2 -
1965 $1,689 - $113.6 -
1964 $1,626 - $102.5 -
1963 $1,486 - $93.7 -
1962 $1,294 - $89.5 -
1961 $1,697 - $87.8 -
1960 $1,452 - $82 -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $1,479 in Pakistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Pakistan ranks 150th at $6,252.

Economic indicators

Israel Pakistan
Gross domestic product
$540B
2024
$372B
2024
GDP rank
29/197
2024
43/197
2024
GDP growth
0.87%
2023-2024
3.05%
2023-2024
GDP per capita
$54,177
2024
$1,479
2024
GDP per capita rank
21/197
2024
163/197
2024
GDP per capita, PPP
$57,236
2024
$6,252
2024
GDP per capita PPP rank
36/197
2024
150/197
2024
Government debt
$366B
2024
$262B
2024
Debt-to-GDP ratio
67.6%
2024
70.4%
2024
Government debt per person
$36,645
2024
$1,041
2024
Government debt per person rank
18/185
2024
140/185
2024
Average annual personal income after taxes
$43,003
2026
$1,668
2026
Market capitalization of domestic companies
$331B
2024
$52.1B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
25.5%
2018
Income share by poorest 10%
2%
2021
4.2%
2018
Government expenditure, % of GDP
43.8%
2024
19.5%
2024
Consumer prices inflation
3.07%
2023-2024
12.6%
2023-2024
Central bank interest rate
4.5%
2024
10.5%
2025
Unemployment rate
2.9%
2024
6.96%
2025
Population
10290887
260356147

Spending and national debt comparison by year

Israel
Spending

Debt
Pakistan
Spending

Debt
1x
Year % of GDP
Israel Pakistan
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 19.5% 70.4%
2023 39.3% 61.3% 19.3% 78.5%
2022 36.9% 60.3% 20% 77.3%
2021 40% 67.7% 18.5% 74.7%
2020 44.8% 71.1% 20.3% 80.8%
2019 38.7% 59.3% 19.1% 78.7%
2018 39.2% 60.1% 19.1% 66.3%
2017 38.3% 59.8% 19.1% 62.1%
2016 37.9% 61.7% 17.7% 62.1%
2015 37.6% 62.8% 17.8% 59.1%
2014 38.3% 64.9% 18.1% 58.8%
2013 39.7% 66% 19.5% 59.2%
2012 39.6% 66.9% 19.4% 58.4%
2011 39.3% 67.2% 17.9% 56.2%
2010 39.7% 69% 18.3% 56.7%
2009 41.4% 72.6% 17.3% 54.6%
2008 41.2% 70.2% 18% 49.5%
2007 40.2% 70.8% 16.1% 44.2%
2006 41.6% 77.7% 14.5% 46.2%
2005 42.3% 85.2% 13% 47.9%
2004 43% 88.3% 12.1% 50.6%
2003 45.4% 89.7% 12.9% 56.3%
2002 50% 87.2% 14.4% 60.5%
2001 46.1% 81.1% 12.9% 65.1%
2000 43.4% 77.2% 13.8% 61.7%
1999 53.6% 94.8% 13.2% 60.7%
1998 55% 101% 14.1% 53.8%
1997 52.6% 99.3% 13.7% 52.8%
1996 53.2% 100.3% 15% 52.5%
1995 52.8% 102.3% 14% 52.3%
1994 41.7% 110.2% 14.5% 58.5%
1993 42.2% 118.3% 17% 57.9%
1992 44.1% 119.6% 22.6% 53.3%
1991 34.4% 123.7% 21.4% 55.8%
1990 46.8% 138.3% 23.9% 48.3%
1989 47.5% 147.4% 26.1% 46.6%
1988 46.5% 145.4% 27.9% 45%
1987 52.8% 143.2% 29.5% 44.4%
1986 55.7% 162.5% 27.6% 43.1%
1985 65.2% 199% 28.3% 37%
1984 - 284% 25.4% 33.4%
1983 - 260.5% 24.8% 33.6%
1982 69.7% - 24.5% 33.8%
1981 71.8% - 21.6% 29.7%
1980 69.4% 154.3% 22% 33.3%
1979 70.1% 155.5% 25.3% 36.8%
1978 62.2% 133.6% 25.5% 36.1%
1977 69.1% 142% 20.4% 36.4%
1976 66.3% 97.4% 21% 35.8%
1975 62% 85.1% 20.4% 32.1%
1974 - 79.8% 15.3% 38%
1973 - 62.1% 13.9% 43.4%
1972 - 63.9% 13.5% 88.7%
1971 - - 22.1% 33.2%
1970 41.6% - 23.6% 31.6%
1969 41.1% - 15.6% 29.1%
1968 39.4% - 13.7% 27.5%
1967 33.9% - 12.9% 25.9%
1966 29.6% - 12.2% 25.1%
1965 27.8% - 11.2% 22.7%
1964 28.2% - 12.1% 21.3%
1963 26.9% - 14.7% 19.2%
1962 27.7% - 11.8% 16.6%
1961 30.3% - 10.6% 19.6%
1960 30.4% - 10% 19.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Pakistan spent $72.4B, or 19.5% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 70.4% in Pakistan, ranking 62/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Pakistan
1x
Year Deficit/surplus, % of GDP
Israel Pakistan
2024 -8.26% -6.81%
2023 -5.06% -7.76%
2022 0.32% -7.84%
2021 -3.37% -6.04%
2020 -10.7% -7.03%
2019 -3.79% -7.79%
2018 -3.56% -5.67%
2017 -1.13% -5.17%
2016 -1.79% -3.92%
2015 -1.21% -4.74%
2014 -2.29% -4.37%
2013 -4.06% -7.48%
2012 -4.46% -7.74%
2011 -3.43% -6.23%
2010 -3.72% -5.42%
2009 -6.53% -4.53%
2008 -3.5% -5.94%
2007 -0.43% -4.23%
2006 -0.95% -2.79%
2005 -2.74% -2.29%
2004 -3.4% -1.29%
2003 -5.03% -0.12%
2002 -8.22% -2.64%
2001 -4.06% -2.45%
2000 -0.8% -3.21%
1999 -6.26% -3.07%
1998 -7.99% -4.46%
1997 -4.84% -3.87%
1996 -5.97% -4.33%
1995 -4.28% -3.9%
1994 -5.62% -3.63%
1993 -5.62% -5.53%
1992 -8% -11.3%
1991 -7.04% -10.8%
1990 -9.67% -11.9%
1989 -9.03% -7.01%
1988 -7.57% -9.35%
1987 -7.47% -11.7%
1986 -7.51% -9.79%
1985 -14.2% -10.6%
1984 - -8.9%
1983 - -7.55%
1982 -13.8% -8.24%
1981 -23.5% -5.83%
1980 -19.6% -5.32%
1979 -16.7% -11.6%
1978 -14.7% -12.4%
1977 -20.3% -8.74%
1976 -19.4% -9.05%
1975 -19.6% -8.97%
1974 - -4.45%
1973 - -3.99%
1972 - -3.16%
1971 - -7.45%
1970 -16% -10.8%
1969 -15.3% -7.08%
1968 -11.7% -5.56%
1967 -7.68% -4.27%
1966 -4.35% -4.48%
1965 -2.72% -3.28%
1964 -3.65% -4.89%
1963 -4.41% -6.55%
1962 -4.09% -3.39%
1961 -5.86% -4.6%
1960 -6.62% -3.83%
1959 -7.23% -3.71%
1958 -8.31% -4.2%
1957 -7.17% -2.21%
1956 -9.3% -2.36%
1955 -4.3% -2%
1954 -7.84% -3.18%
1953 -8.32% -2.66%
1952 -7.19% -0.73%
1951 -8.13% 0.63%
1950 -10.7% -1.24%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/israel/pakistan | 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 Pakistan's deficit of $25.3B, or 6.81% of GDP.

Over the past 65 years, Israel recorded a fiscal deficit in 58 of those years, while Pakistan ran a deficit in 65 years. On average, Israel posted an annual deficit equal to 7.34% of GDP, compared to deficit of 6.14% of GDP for Pakistan.

Inflation comparison by year

Inflation
Israel

Pakistan
1x
Year Consumer prices inflation
Israel Pakistan
2024 3.07% 12.6%
2023 4.23% 30.8%
2022 4.41% 19.9%
2021 1.48% 9.5%
2020 -0.58% 9.74%
2019 0.82% 10.6%
2018 0.81% 5.08%
2017 0.25% 4.09%
2016 -0.54% 3.77%
2015 -0.62% 2.53%
2014 0.47% 7.19%
2013 1.59% 7.69%
2012 1.68% 9.68%
2011 3.49% 11.9%
2010 2.7% 12.9%
2009 3.37% 13.6%
2008 4.53% 20.3%
2007 0.47% 7.6%
2006 2.05% 7.92%
2005 1.34% 9.06%
2004 -0.42% 7.44%
2003 0.71% 2.91%
2002 5.8% 3.29%
2001 1.12% 3.15%
2000 1.03% 4.37%
1999 5.19% 4.14%
1998 5.49% 6.23%
1997 8.95% 11.4%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 9.26% in Pakistan. In 2024, inflation was 3.07% in Israel and 12.6% in Pakistan.

Top exports between countries

Israel
Export category Export value
Wood & paper products $319K
Machinery & equipment $43K
Raw materials & minerals $34K
Pakistan
Export category Export value

Balance of trade

Israel Pakistan
Current account balance
$15.5B
2024
$496M
2024
Current account balance ranking
21/190
2024
63/190
2024
Current account balance, % of GDP
+2.86%
2024
+0.13%
2024
Goods imports
$96.3B
2024
$55.6B
2024
Goods exports
$70B
2024
$32.1B
2024
Service imports
$44.4B
2024
$11.2B
2024
Service exports
$83.7B
2024
$8.1B
2024
Imports of goods and services, % of GDP
26%
2024
17.2%
2024
Exports of goods and services, % of GDP
28.4%
2024
10.4%
2024

Economic freedom indices

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

Israel Pakistan
Economic freedom 68.4 48.9
Economic freedom ranking 47/197 168/197
Property rights 73.1 25.7
Government integrity 66.2 26.3
Judicial effectiveness 68.1 27.6
Tax burden 60.2 78.2
Government spending 52 88.5
Fiscal health 60.8 10.1
Business freedom 72.4 54.4
Labor freedom 56.8 51.7
Monetary freedom 78.2 54.1
Trade freedom 82.8 70.4
Investment freedom 70 60
Financial freedom 80 40

Economic freedom comparison by year

Israel
Pakistan
1x
Year Economic freedom index
Israel Pakistan
2026 68.4 48.9
2025 69.9 49.1
2024 70.1 49.5
2023 68.9 49.4
2022 68 48.8
2021 73.8 51.7
2020 74 54.8
2019 72.8 55
2018 72.2 54.4
2017 69.7 52.8
2016 70.7 55.9
2015 70.5 55.6
2014 68.4 55.2
2013 66.9 55.1
2012 67.8 54.7
2011 68.5 55.1
2010 67.7 55.2
2009 67.6 57
2008 66.3 55.6
2007 64.8 57.2
2006 64.4 57.9
2005 62.6 53.3
2004 61.4 54.9
2003 62.7 55
2002 66.9 55.8
2001 66.1 56
2000 65.5 56.4
1999 68.3 53
1998 68 53.2
1997 62.7 56
1996 62 58.4
1995 61.5 57.6

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 48.9 for Pakistan, ranking 168/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Pakistan
Services, % of GDP
72.5%
2024
50.7%
2024
Industry, % of GDP
17.3%
2024
20.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
23.7%
2024
GNI, Atlas method
$528B
2024
$358B
2024
GNI per capita, PPP
$56,790
2024
$6,100
2024
Total reserves including gold
$215B
2024
$18.4B
2024
Total reserves ranking
18/177
2024
63/177
2024
Net foreign direct investment
-$4.86B
2024
-$2.58B
2024
Net inflows of foreign direct investment
$14.8B
2024
$2.66B
2024
Net outflows of foreign direct investment
$9.92B
2024
$84M
2024
Servicing debt to the IMF, % of GNI n/a
4.5%
2024
Poverty at national poverty lines
22%
2020
21.9%
2018
Gross capital formation, % of GDP
23.4%
2024
13.2%
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/pakistan | 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 (1990–2024, 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 (2020–2022, 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.