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Economy of Israel vs Russia compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $2.56T for Russia, ranking 27/197 and 8/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $440B (17.2% of GDP) in Russia.

Israel vs Russia GDP by year

Israel
Russia
1x
Year GDP, current $
Israel Russia
2025 $610,777,842,874 $2,561,310,169,359
2024 $542,284,494,491 $2,186,462,268,813
2023 $513,393,395,492 $2,046,284,838,151
2022 $525,157,951,213 $2,292,495,097,681
2021 $489,735,019,666 $1,829,186,719,575
2020 $410,908,899,711 $1,493,075,894,362
2019 $399,207,771,082 $1,693,115,002,708
2018 $375,470,422,244 $1,657,328,773,461
2017 $357,360,816,857 $1,574,199,360,089
2016 $321,083,954,798 $1,276,786,350,881
2015 $302,841,190,258 $1,363,482,182,198
2014 $314,376,760,832 $2,059,241,589,895
2013 $298,045,324,736 $2,292,470,078,346
2012 $263,172,104,091 $2,208,293,553,878
2011 $267,739,352,609 $2,045,922,753,398
2010 $239,372,857,534 $1,524,916,715,224
2009 $213,112,649,594 $1,222,645,900,056
2008 $220,952,472,408 $1,660,848,058,303
2007 $184,448,882,452 $1,299,703,478,482
2006 $158,706,516,002 $989,932,071,353
2005 $147,346,035,831 $764,015,973,481
2004 $139,925,423,025 $591,016,690,732
2003 $131,278,887,815 $430,347,420,185
2002 $125,215,963,105 $345,470,494,418
2001 $134,889,159,474 $306,602,070,621
2000 $136,409,902,632 $259,710,142,197
1999 $121,329,240,042 $195,907,128,351
1998 $120,468,659,246 $270,955,486,862
1997 $119,389,303,067 $404,928,954,192
1996 $115,051,957,577 $391,724,890,744
1995 $105,432,315,611 $395,537,185,735
1994 $90,684,108,118 $395,077,301,248
1993 $79,806,598,120 $435,083,713,851
1992 $79,408,652,426 $460,290,556,901
1991 $70,954,941,681 $517,962,962,963
1990 $61,978,459,022 $517,014,446,228
1989 $52,411,116,588 $506,631,299,735
1988 $52,618,458,014 $554,828,660,436
1987 $43,022,977,765 -
1986 $35,812,041,620 -
1985 $28,887,898,639 -
1984 $30,626,695,891 -
1983 $32,655,591,256 -
1982 $29,237,231,967 -
1981 $26,865,420,933 -
1980 $25,379,585,067 -
1979 $22,595,788,591 -
1978 $17,690,363,444 -
1977 $18,245,847,441 -
1976 $15,946,502,888 -
1975 $16,131,806,290 -
1974 $17,162,009,924 -
1973 $11,895,229,181 -
1972 $9,216,866,299 -
1971 $7,048,191,876 -
1970 $7,402,142,195 -
1969 $6,293,966,357 -
1968 $5,455,059,532 -
1967 $4,759,447,914 -
1966 $4,700,397,692 -
1965 $4,326,412,951 -
1964 $4,021,861,430 -
1963 $3,533,767,055 -
1962 $2,964,323,618 -
1961 $3,706,297,903 -
1960 $3,068,690,949 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Israel vs Russia by year

Israel
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $17,847 -
2024 $54,217 $57,236 $15,219 $47,362
2023 $52,126 $55,171 $14,227 $44,269
2022 $54,947 $53,619 $15,894 $40,939
2021 $52,258 $46,162 $12,637 $38,638
2020 $44,591 $40,955 $10,280 $31,491
2019 $44,092 $41,325 $11,640 $30,964
2018 $42,269 $40,190 $11,399 $28,629
2017 $41,013 $39,471 $10,835 $25,778
2016 $37,571 $38,189 $8,804 $24,012
2015 $36,138 $35,871 $9,427 $23,994
2014 $38,265 $34,816 $14,277 $25,688
2013 $36,981 $34,827 $15,941 $26,020
2012 $33,269 $32,484 $15,402 $24,274
2011 $34,477 $31,314 $14,305 $22,790
2010 $31,399 $29,456 $10,675 $20,490
2009 $28,470 $28,087 $8,563 $19,390
2008 $30,231 $28,084 $11,635 $20,164
2007 $25,689 $28,307 $9,101 $16,648
2006 $22,500 $26,385 $6,920 $14,912
2005 $21,262 $25,701 $5,323 $11,822
2004 $20,550 $26,078 $4,102 $10,227
2003 $19,624 $24,702 $2,975 $9,255
2002 $19,059 $26,101 $2,378 $8,037
2001 $20,949 $25,806 $2,100 $7,361
2000 $21,690 $25,766 $1,772 $6,825
1999 $19,809 $23,415 $1,331 $5,914
1998 $20,176 $22,927 $1,835 $5,465
1997 $20,457 $22,279 $2,738 $5,700
1996 $20,213 $21,672 $2,644 $5,518
1995 $19,014 $20,642 $2,666 $5,613
1994 $16,796 $19,478 $2,662 $5,734
1993 $15,169 $18,218 $2,931 $6,420
1992 $15,500 $17,553 $3,099 $6,862
1991 $14,337 $16,486 $3,490 $7,858
1990 $13,300 $15,721 $3,494 $8,028
1989 $11,601 - $3,430 -
1988 $11,846 - $3,778 -
1987 $9,847 - - -
1986 $8,330 - - -
1985 $6,824 - - -
1984 $7,364 - - -
1983 $7,955 - - -
1982 $7,253 - - -
1981 $6,791 - - -
1980 $6,545 - - -
1979 $5,968 - - -
1978 $4,794 - - -
1977 $5,050 - - -
1976 $4,514 - - -
1975 $4,669 - - -
1974 $5,082 - - -
1973 $3,629 - - -
1972 $2,928 - - -
1971 $2,297 - - -
1970 $2,489 - - -
1969 $2,188 - - -
1968 $1,946 - - -
1967 $1,734 - - -
1966 $1,788 - - -
1965 $1,688 - - -
1964 $1,625 - - -
1963 $1,485 - - -
1962 $1,293 - - -
1961 $1,696 - - -
1960 $1,452 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Israel's GDP per capita is $60,337, ranking 19/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Russia ranks 50th at $47,362.

Economic indicators

Israel Russia
Gross domestic product
$611B
2025
$2.56T
2025
GDP rank
27/197
2025
8/197
2025
GDP growth
2.93%
2024-2025
1%
2024-2025
GDP per capita
$60,337
2025
$17,847
2025
GDP per capita rank
19/197
2025
68/197
2025
GDP per capita, PPP
$57,236
2024
$47,362
2024
GDP per capita PPP rank
36/197
2024
50/197
2024
Government debt
$418B
2025
$440B
2025
Debt-to-GDP ratio
68.5%
2025
17.2%
2025
Government debt per person
$41,338
2025
$3,068
2025
Government debt per person rank
16/185
2025
105/185
2025
Average annual personal income after taxes
$48,251
2026
$11,183
2026
Market capitalization of domestic companies
$331B
2024
$650B
2023
Number of millionaires
195,000
2026
447,000
2026
Number of billionaires
42
2026
147
2026
Income share by richest 10%
27%
2022
25.1%
2023
Income share by poorest 10%
1.8%
2022
3.1%
2023
Government expenditure, % of GDP
43.6%
2025
39.1%
2025
Consumer prices inflation
3.04%
2024-2025
8.7%
2024-2025
Central bank interest rate
3.75%
2026
14.5%
2026
Unemployment rate
3%
2025
2.13%
2025
Population
10334048
142643173

Spending and national debt comparison by year

Israel
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Israel Russia
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 39.1% 17.2%
2024 43.7% 67.7% 36.7% 14.8%
2023 39.6% 61.3% 36.1% 15.2%
2022 36.9% 60.3% 35.1% 15.1%
2021 40.1% 67.7% 34.9% 16.5%
2020 44.8% 71.1% 39.2% 19.2%
2019 38.7% 59.3% 33.8% 13.7%
2018 39.2% 60.1% 32.6% 13.6%
2017 38.4% 59.8% 34.8% 14.3%
2016 37.9% 61.7% 36.6% 14.8%
2015 37.6% 62.8% 35.3% 15.3%
2014 38.3% 65.8% 34.9% 15.1%
2013 39.7% 66% 34.7% 12.3%
2012 39.6% 66.9% 34% 11.2%
2011 39.3% 67.2% 33.3% 10.3%
2010 39.7% 69% 35.5% 10.1%
2009 41.4% 72.6% 38.6% 9.92%
2008 41.2% 70.2% 32% 7.45%
2007 40.2% 70.8% 31.9% 8.03%
2006 41.6% 77.7% 29% 9.8%
2005 42.3% 85.2% 29.5% 14.9%
2004 43% 88.3% 29.6% 20.8%
2003 45.4% 89.7% 32.6% 28.3%
2002 50% 87.2% 33.8% 37.6%
2001 46.1% 81.1% 31.5% 44.4%
2000 43.4% 77.2% 30.7% 55.9%
1999 53.6% 94.8% 34.3% 92.4%
1998 55% 101% 39.7% 135.2%
1997 52.6% 99.3% - 51.5%
1996 53.2% 100.3% - 51.9%
1995 52.8% 102.3% - 53.7%
1994 41.7% 110.2% - 63.5%
1993 42.2% 118.3% - 92.4%
1992 44.1% 119.6% - 116%
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 (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 17.2% in Russia, ranking 60/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Russia
1x
Year Deficit/surplus, % of GDP
Israel Russia
2025 -5.22% -3.9%
2024 -8.07% -1.59%
2023 -5.38% -2.24%
2022 0.3% -1.34%
2021 -3.37% 0.78%
2020 -10.6% -3.99%
2019 -3.79% 1.93%
2018 -3.58% 2.92%
2017 -1.17% -1.47%
2016 -1.78% -3.67%
2015 -1.2% -3.39%
2014 -2.28% -1.07%
2013 -4.07% -1.16%
2012 -4.46% 0.38%
2011 -3.43% 1.43%
2010 -3.72% -3.19%
2009 -6.53% -5.89%
2008 -3.49% 4.55%
2007 -0.43% 5.59%
2006 -0.94% 7.8%
2005 -2.74% 7.6%
2004 -3.4% 4.57%
2003 -5.03% 1.35%
2002 -8.21% 0.67%
2001 -4.06% 2.99%
2000 -0.8% 3.11%
1999 -6.26% -3.59%
1998 -7.99% -7.42%
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% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1885–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08).

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

In 2025, Israel's government deficit, the difference between spending and revenue, was $31.9B, equivalent to 5.22% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Israel recorded a fiscal deficit in 27 of those years, while Russia ran a deficit in 14 years. On average, Israel posted an annual deficit equal to 3.99% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Israel

Russia
1x
Year Consumer prices inflation
Israel Russia
2025 3.04% 8.7%
2024 3.07% 8.4%
2023 4.23% 5.9%
2022 4.41% 13.7%
2021 1.48% 6.7%
2020 -0.58% 3.4%
2019 0.82% 4.5%
2018 0.81% 2.9%
2017 0.25% 3.7%
2016 -0.54% 7%
2015 -0.62% 15.5%
2014 0.47% 7.8%
2013 1.59% 6.8%
2012 1.68% 5.1%
2011 3.49% 8.4%
2010 2.7% 6.8%
2009 3.37% 11.6%
2008 4.53% 14.1%
2007 0.47% 9%
2006 2.05% 9.7%
2005 1.34% 12.7%
2004 -0.42% 10.9%
2003 0.71% 13.7%
2002 5.8% 15.8%
2001 1.12% 21.5%
2000 1.03% 20.8%
1999 5.19% 85.7%
1998 5.49% 27.7%
1997 8.95% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 13.2% in Russia. In 2025, inflation was 3.04% in Israel and 8.7% in Russia.

Top exports between countries

Israel
Export category Export value
Raw agricultural goods $129M
Metals $124M
Textiles & consumer goods $106M
Chemicals & pharma $106M
Machinery & equipment $96M
Manufacturing & construction services $51.6M
Processed food, beverages & tobacco $39.4M
Raw materials & minerals $15.3M
Wood & paper products $3.88M
Animal & marine products $2M
Russia
Export category Export value
Metals $450M
Raw materials & minerals $425M
Precious metals & jewellery $389M
Raw agricultural goods $182M
Wood & paper products $136M
Transport & tourism services $81.5M
IT & IP services $70.2M
Processed food, beverages & tobacco $65.8M
Chemicals & pharma $64.2M
Business & finance services $57.1M

Balance of trade

Israel Russia
Current account balance
$8.53B
2025
$43.1B
2025
Current account balance ranking
26/190
2025
14/190
2025
Current account balance, % of GDP
+1.4%
2025
+1.68%
2025
Goods imports
$102B
2025
$305B
2025
Goods exports
$76.2B
2025
$422B
2025
Service imports
$53.2B
2025
$94.8B
2025
Service exports
$92.4B
2025
$46.3B
2025
Imports of goods and services, % of GDP
25.4%
2025
15.5%
2025
Exports of goods and services, % of GDP
27.6%
2025
18.2%
2025

Economic freedom indices

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

Israel Russia
Economic freedom 68.4 50.3
Economic freedom ranking 47/197 161/197
Property rights 73.1 18.6
Government integrity 66.2 22.8
Judicial effectiveness 68.1 22.8
Tax burden 60.2 81.9
Government spending 52 61.3
Fiscal health 60.8 94.4
Business freedom 72.4 51.4
Labor freedom 56.8 59.1
Monetary freedom 78.2 61.8
Trade freedom 82.8 69.4
Investment freedom 70 30
Financial freedom 80 30

Economic freedom comparison by year

Israel
Russia
1x
Year Economic freedom index
Israel Russia
2026 68.4 50.3
2025 69.9 51.6
2024 70.1 52
2023 68.9 53.8
2022 68 56.1
2021 73.8 61.5
2020 74 61
2019 72.8 58.9
2018 72.2 58.2
2017 69.7 57.1
2016 70.7 50.6
2015 70.5 52.1
2014 68.4 51.9
2013 66.9 51.1
2012 67.8 50.5
2011 68.5 50.5
2010 67.7 50.3
2009 67.6 50.8
2008 66.3 49.8
2007 64.8 52.2
2006 64.4 52.4
2005 62.6 51.3
2004 61.4 52.8
2003 62.7 50.8
2002 66.9 48.7
2001 66.1 49.8
2000 65.5 51.8
1999 68.3 54.5
1998 68 52.8
1997 62.7 48.6
1996 62 51.6
1995 61.5 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Russia
Services, % of GDP
72.8%
2024
58.9%
2025
Industry, % of GDP
17.2%
2024
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
3.06%
2025
GNI, Atlas method
$569B
2025
$2.33T
2025
GNI per capita, PPP
$58,870
2025
$49,220
2025
Total reserves including gold
$229B
2025
$608B
2024
Total reserves ranking
18/177
2025
6/177
2024
Net foreign direct investment
-$11.8B
2025
-$12.4B
2025
Net inflows of foreign direct investment
$14.8B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$9.92B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.63%
2024
Poverty at national poverty lines
22%
2020
7.2%
2024
Gross capital formation, % of GDP
24.3%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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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.