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Economy of Israel vs Slovakia compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $155B for Slovakia, ranking 27/197 and 60/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Israel vs Slovakia GDP by year

Israel
Slovakia
1x
Year GDP, current $
Israel Slovakia
2025 $610,777,842,874 $154,530,066,507
2024 $542,284,494,491 $140,934,076,532
2023 $513,393,395,492 $133,578,518,424
2022 $525,157,951,213 $115,792,972,358
2021 $489,735,019,666 $120,511,265,913
2020 $410,908,899,711 $107,732,602,896
2019 $399,207,771,082 $105,843,498,304
2018 $375,470,422,244 $106,611,673,365
2017 $357,360,816,857 $95,978,130,735
2016 $321,083,954,798 $90,347,173,229
2015 $302,841,190,258 $89,178,548,717
2014 $314,376,760,832 $101,713,075,599
2013 $298,045,324,736 $99,134,277,850
2012 $263,172,104,091 $94,724,394,278
2011 $267,739,352,609 $99,705,104,723
2010 $239,372,857,534 $91,112,160,801
2009 $213,112,649,594 $89,342,984,698
2008 $220,952,472,408 $96,685,492,864
2007 $184,448,882,452 $77,019,443,089
2006 $158,706,516,002 $57,111,148,619
2005 $147,346,035,831 $48,823,790,951
2004 $139,925,423,025 $42,960,730,480
2003 $131,278,887,815 $33,761,723,946
2002 $125,215,963,105 $24,768,142,566
2001 $134,889,159,474 $21,377,597,035
2000 $136,409,902,632 $20,626,538,612
1999 $121,329,240,042 $20,813,421,086
1998 $120,468,659,246 $22,911,708,405
1997 $119,389,303,067 $22,026,728,498
1996 $115,051,957,577 $21,864,845,214
1995 $105,432,315,611 $20,306,095,054
1994 $90,684,108,118 $16,187,735,322
1993 $79,806,598,120 $13,991,963,247
1992 $79,408,652,426 $12,932,972,789
1991 $70,954,941,681 $11,952,983,608
1990 $61,978,459,022 $17,068,924,602
1989 $52,411,116,588 -
1988 $52,618,458,014 -
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/slovakia | CC BY

GDP per capita in Israel vs Slovakia by year

Israel
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $28,544 -
2024 $54,217 $57,236 $25,993 $48,132
2023 $52,126 $55,171 $24,615 $45,974
2022 $54,947 $53,619 $21,318 $41,562
2021 $52,258 $46,162 $22,123 $38,346
2020 $44,591 $40,955 $19,735 $35,328
2019 $44,092 $41,325 $19,406 $33,986
2018 $42,269 $40,190 $19,573 $31,510
2017 $41,013 $39,471 $17,646 $30,246
2016 $37,571 $38,189 $16,636 $29,868
2015 $36,138 $35,871 $16,442 $30,148
2014 $38,265 $34,816 $18,771 $29,108
2013 $36,981 $34,827 $18,313 $28,075
2012 $33,269 $32,484 $17,517 $27,023
2011 $34,477 $31,314 $18,469 $26,202
2010 $31,399 $29,456 $16,899 $25,382
2009 $28,470 $28,087 $16,587 $23,077
2008 $30,231 $28,084 $17,974 $23,714
2007 $25,689 $28,307 $14,330 $21,232
2006 $22,500 $26,385 $10,629 $18,906
2005 $21,262 $25,701 $9,087 $16,570
2004 $20,550 $26,078 $7,997 $15,166
2003 $19,624 $24,702 $6,283 $14,088
2002 $19,059 $26,101 $4,606 $13,292
2001 $20,949 $25,806 $3,974 $12,367
2000 $21,690 $25,766 $3,828 $11,370
1999 $19,809 $23,415 $3,857 $10,726
1998 $20,176 $22,927 $4,250 $10,666
1997 $20,457 $22,279 $4,092 $10,137
1996 $20,213 $21,672 $4,069 $9,500
1995 $19,014 $20,642 $3,787 $8,812
1994 $16,796 $19,478 $3,028 $8,178
1993 $15,169 $18,218 $2,627 $7,569
1992 $15,500 $17,553 $2,438 $7,270
1991 $14,337 $16,486 $2,254 $7,623
1990 $13,300 $15,721 $3,221 $8,638
1989 $11,601 - - -
1988 $11,846 - - -
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/slovakia | CC BY

Israel's GDP per capita is $60,337, ranking 19/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Slovakia ranks 49th at $48,132.

Economic indicators

Israel Slovakia
Gross domestic product
$611B
2025
$155B
2025
GDP rank
27/197
2025
60/197
2025
GDP growth
2.93%
2024-2025
0.81%
2024-2025
GDP per capita
$60,337
2025
$28,544
2025
GDP per capita rank
19/197
2025
46/197
2025
GDP per capita, PPP
$57,236
2024
$48,132
2024
GDP per capita PPP rank
36/197
2024
49/197
2024
Government debt
$418B
2025
$95.3B
2025
Debt-to-GDP ratio
68.5%
2025
61.6%
2025
Government debt per person
$41,338
2025
$17,597
2025
Government debt per person rank
16/185
2025
36/185
2025
Average annual personal income after taxes
$48,251
2026
$17,518
2026
Market capitalization of domestic companies
$331B
2024
$5.38B
2014
Number of millionaires
195,000
2026
n/a
Number of billionaires
42
2026
2
2026
Income share by richest 10%
27%
2022
18.8%
2023
Income share by poorest 10%
1.8%
2022
3.3%
2023
Government expenditure, % of GDP
43.6%
2025
48.7%
2025
Consumer prices inflation
3.04%
2024-2025
4%
2024-2025
Central bank interest rate
3.75%
2026
n/a
Unemployment rate
3%
2025
5.4%
2025
Population
10334048
5376239

Spending and national debt comparison by year

Israel
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Israel Slovakia
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 48.7% 61.6%
2024 43.7% 67.7% 47.5% 59.7%
2023 39.6% 61.3% 48.2% 55.8%
2022 36.9% 60.3% 43.1% 57.8%
2021 40.1% 67.7% 44.8% 60.2%
2020 44.8% 71.1% 44.5% 58.4%
2019 38.7% 59.3% 40.6% 48%
2018 39.2% 60.1% 39.7% 49.3%
2017 38.4% 59.8% 39.8% 51.4%
2016 37.9% 61.7% 40.9% 52.1%
2015 37.6% 62.8% 44.1% 51.6%
2014 38.3% 65.8% 42% 53.4%
2013 39.7% 66% 41.1% 54.6%
2012 39.6% 66.9% 40% 51.7%
2011 39.3% 67.2% 40.8% 43.3%
2010 39.7% 69% 41% 40.7%
2009 41.4% 72.6% 43.2% 36.4%
2008 41.2% 70.2% 36.5% 28.6%
2007 40.2% 70.8% 35.9% 30.4%
2006 41.6% 77.7% 38.2% 31.5%
2005 42.3% 85.2% 39.1% 35%
2004 43% 88.3% 38.4% 42%
2003 45.4% 89.7% 40% 43.6%
2002 50% 87.2% 46% 45.6%
2001 46.1% 81.1% 46.2% 51.4%
2000 43.4% 77.2% 53.2% 50.6%
1999 53.6% 94.8% 48.4% 47.1%
1998 55% 101% 46.2% 33.9%
1997 52.6% 99.3% 48.6% 32.8%
1996 53.2% 100.3% 52.8% 30.3%
1995 52.8% 102.3% 47.8% 21.3%
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 61.6% in Slovakia, ranking 60/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Slovakia
1x
Year Deficit/surplus, % of GDP
Israel Slovakia
2025 -5.22% -5.02%
2024 -8.07% -5.5%
2023 -5.38% -5.3%
2022 0.3% -1.56%
2021 -3.37% -5.09%
2020 -10.6% -5.3%
2019 -3.79% -1.21%
2018 -3.58% -1.01%
2017 -1.17% -0.98%
2016 -1.78% -2.59%
2015 -1.2% -2.78%
2014 -2.28% -3.25%
2013 -4.07% -2.86%
2012 -4.46% -4.37%
2011 -3.43% -4.36%
2010 -3.72% -7.44%
2009 -6.53% -8.18%
2008 -3.49% -2.54%
2007 -0.43% -2.26%
2006 -0.94% -3.57%
2005 -2.74% -2.86%
2004 -3.4% -2.36%
2003 -5.03% -2.28%
2002 -8.21% -8.35%
2001 -4.06% -7.74%
2000 -0.8% -12.7%
1999 -6.26% -7.25%
1998 -7.99% -5.37%
1997 -4.84% -6.24%
1996 -5.97% -9.72%
1995 -4.28% -3.43%
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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/israel/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Israel recorded a fiscal deficit in 30 of those years, while Slovakia ran a deficit in 31 years. On average, Israel posted an annual deficit equal to 4.09% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Israel

Slovakia
1x
Year Consumer prices inflation
Israel Slovakia
2025 3.04% 4%
2024 3.07% 2.76%
2023 4.23% 10.5%
2022 4.41% 12.8%
2021 1.48% 3.15%
2020 -0.58% 1.94%
2019 0.82% 2.66%
2018 0.81% 2.51%
2017 0.25% 1.31%
2016 -0.54% -0.52%
2015 -0.62% -0.33%
2014 0.47% -0.08%
2013 1.59% 1.4%
2012 1.68% 3.61%
2011 3.49% 3.92%
2010 2.7% 0.96%
2009 3.37% 1.62%
2008 4.53% 4.6%
2007 0.47% 2.76%
2006 2.05% 4.48%
2005 1.34% 2.71%
2004 -0.42% 7.55%
2003 0.71% 8.55%
2002 5.8% 3.13%
2001 1.12% 7.33%
2000 1.03% 12%
1999 5.19% 10.6%
1998 5.49% 6.67%
1997 8.95% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 4.44% in Slovakia. In 2025, inflation was 3.04% in Israel and 4% in Slovakia.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $17.9M
Metals $4.52M
Chemicals & pharma $3.49M
Textiles & consumer goods $2.32M
Raw agricultural goods $1.63M
Processed food, beverages & tobacco $343K
Raw materials & minerals $156K
Precious metals & jewellery $136K
Miscellaneous $112K
Wood & paper products $91K
Slovakia
Export category Export value
Machinery & equipment $297M
Weapons & explosives $46.9M
Chemicals & pharma $8.55M
Raw materials & minerals $5.73M
Textiles & consumer goods $3.91M
Metals $3.34M
Wood & paper products $3.16M
Processed food, beverages & tobacco $2.38M
Miscellaneous $257K
Animal & marine products $145K

Balance of trade

Israel Slovakia
Current account balance
$8.53B
2025
-$5.6B
2025
Current account balance ranking
26/190
2025
165/190
2025
Current account balance, % of GDP
+1.4%
2025
-3.63%
2025
Goods imports
$102B
2025
$117B
2025
Goods exports
$76.2B
2025
$117B
2025
Service imports
$53.2B
2025
$14.3B
2025
Service exports
$92.4B
2025
$14.7B
2025
Imports of goods and services, % of GDP
25.4%
2025
85.2%
2025
Exports of goods and services, % of GDP
27.6%
2025
85.1%
2025

Economic freedom indices

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

Israel Slovakia
Economic freedom 68.4 67.7
Economic freedom ranking 47/197 54/197
Property rights 73.1 82.6
Government integrity 66.2 57.2
Judicial effectiveness 68.1 70.5
Tax burden 60.2 75.4
Government spending 52 36.4
Fiscal health 60.8 69.6
Business freedom 72.4 71.1
Labor freedom 56.8 55.1
Monetary freedom 78.2 69.7
Trade freedom 82.8 79.4
Investment freedom 70 75
Financial freedom 80 70

Economic freedom comparison by year

Israel
Slovakia
1x
Year Economic freedom index
Israel Slovakia
2026 68.4 67.7
2025 69.9 68.4
2024 70.1 68.1
2023 68.9 69
2022 68 69.7
2021 73.8 66.3
2020 74 66.8
2019 72.8 65
2018 72.2 65.3
2017 69.7 65.7
2016 70.7 66.6
2015 70.5 67.2
2014 68.4 66.4
2013 66.9 68.7
2012 67.8 67
2011 68.5 69.5
2010 67.7 69.7
2009 67.6 69.4
2008 66.3 70
2007 64.8 69.6
2006 64.4 69.8
2005 62.6 66.8
2004 61.4 64.6
2003 62.7 59
2002 66.9 59.8
2001 66.1 58.5
2000 65.5 53.8
1999 68.3 54.2
1998 68 57.5
1997 62.7 55.5
1996 62 57.6
1995 61.5 60.4

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Slovakia
Services, % of GDP
72.8%
2024
59.8%
2025
Industry, % of GDP
17.2%
2024
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
1.59%
2025
GNI, Atlas method
$569B
2025
$143B
2025
GNI per capita, PPP
$58,870
2025
$47,920
2025
Total reserves including gold
$229B
2025
$18.2B
2025
Total reserves ranking
18/177
2025
69/177
2025
Net foreign direct investment
-$11.8B
2025
-$198M
2025
Net inflows of foreign direct investment
$14.8B
2024
$5.01B
2024
Net outflows of foreign direct investment
$9.92B
2024
$2.24B
2024
Poverty at national poverty lines
22%
2020
13.7%
2021
Gross capital formation, % of GDP
24.3%
2025
20.1%
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/slovakia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, 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 (2024–2025, 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)

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.