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Economy of Israel vs Slovenia compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $73B for Slovenia, ranking 29/197 and 86/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Israel vs Slovenia GDP by year

Israel
Slovenia
1x
Year GDP, current $
Israel Slovenia
2024 $540,379,921,262 $72,972,015,197
2023 $512,184,638,999 $69,255,264,238
2022 $525,181,008,026 $59,899,117,741
2021 $489,851,549,972 $61,540,813,362
2020 $410,768,352,658 $53,384,760,135
2019 $400,645,216,359 $53,909,922,736
2018 $376,299,083,108 $53,689,067,640
2017 $358,451,839,053 $48,153,200,135
2016 $321,940,971,558 $44,290,685,824
2015 $303,469,434,072 $42,709,468,275
2014 $315,017,088,117 $49,514,466,380
2013 $298,478,070,673 $47,867,056,859
2012 $263,589,172,712 $46,167,053,954
2011 $268,094,998,225 $51,199,194,599
2010 $239,679,036,634 $47,793,117,241
2009 $213,403,181,853 $49,975,540,955
2008 $221,231,658,863 $55,509,332,322
2007 $184,681,214,673 $47,880,266,543
2006 $158,900,547,825 $39,260,368,837
2005 $147,519,922,009 $35,947,936,824
2004 $140,047,984,605 $34,156,553,313
2003 $131,408,914,824 $29,360,575,032
2002 $125,332,331,884 $23,214,593,516
2001 $135,002,039,613 $20,668,868,707
2000 $136,512,300,542 $20,159,190,702
1999 $121,417,185,062 $22,609,669,084
1998 $120,547,409,279 $22,058,635,314
1997 $119,459,826,347 $20,726,878,752
1996 $115,116,595,545 $21,470,699,363
1995 $105,497,418,059 $21,367,422,159
1994 $90,740,103,829 $16,400,767,070
1993 $79,855,877,174 $14,449,298,372
1992 $79,457,685,757 $14,277,261,541
1991 $70,998,755,007 $14,454,495,059
1990 $62,016,729,541 $19,832,029,087
1989 $52,443,479,454 -
1988 $52,650,948,910 -
1987 $43,049,543,635 -
1986 $35,834,154,874 -
1985 $28,905,736,367 -
1984 $30,645,607,293 -
1983 $32,675,755,462 -
1982 $29,255,285,401 -
1981 $26,882,009,819 -
1980 $25,395,256,478 -
1979 $22,609,741,060 -
1978 $17,701,286,907 -
1977 $18,257,113,904 -
1976 $15,956,349,550 -
1975 $16,141,767,373 -
1974 $17,172,607,138 -
1973 $11,902,574,259 -
1972 $9,222,557,539 -
1971 $7,052,544,000 -
1970 $7,406,712,876 -
1969 $6,297,852,761 -
1968 $5,458,427,928 -
1967 $4,762,386,783 -
1966 $4,703,300,098 -
1965 $4,329,084,429 -
1964 $4,024,344,853 -
1963 $3,535,949,089 -
1962 $2,966,154,031 -
1961 $3,708,586,471 -
1960 $3,070,585,807 -

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

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

GDP per capita in Israel vs Slovenia by year

Israel
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 $34,301 $57,186
2023 $52,004 $55,171 $32,660 $56,064
2022 $54,950 $53,619 $28,360 $52,347
2021 $52,271 $46,162 $29,193 $45,914
2020 $44,576 $40,955 $25,392 $41,767
2019 $44,251 $41,325 $25,814 $42,373
2018 $42,363 $40,190 $25,888 $38,620
2017 $41,138 $39,471 $23,303 $36,180
2016 $37,672 $38,189 $21,448 $33,575
2015 $36,213 $35,871 $20,697 $31,336
2014 $38,343 $34,816 $24,013 $30,572
2013 $37,034 $34,827 $23,237 $29,634
2012 $33,321 $32,484 $22,442 $28,787
2011 $34,523 $31,314 $24,941 $28,716
2010 $31,439 $29,456 $23,330 $27,579
2009 $28,508 $28,087 $24,502 $27,229
2008 $30,269 $28,084 $27,462 $29,461
2007 $25,721 $28,307 $23,725 $27,468
2006 $22,527 $26,385 $19,563 $25,571
2005 $21,287 $25,701 $17,970 $23,682
2004 $20,568 $26,078 $17,104 $22,588
2003 $19,643 $24,702 $14,712 $20,916
2002 $19,076 $26,101 $11,639 $20,004
2001 $20,966 $25,806 $10,376 $18,763
2000 $21,707 $25,766 $10,136 $17,892
1999 $19,823 $23,415 $11,401 $17,007
1998 $20,189 $22,927 $11,132 $15,994
1997 $20,469 $22,279 $10,437 $15,257
1996 $20,224 $21,672 $10,797 $14,284
1995 $19,026 $20,642 $10,738 $13,637
1994 $16,807 $19,478 $8,244 $13,975
1993 $15,179 $18,218 $7,255 $12,976
1992 $15,510 $17,553 $7,151 $12,296
1991 $14,346 $16,486 $7,229 $12,698
1990 $13,308 $15,721 $9,925 $13,491
1989 $11,608 - - -
1988 $11,853 - - -
1987 $9,853 - - -
1986 $8,335 - - -
1985 $6,829 - - -
1984 $7,369 - - -
1983 $7,960 - - -
1982 $7,258 - - -
1981 $6,795 - - -
1980 $6,549 - - -
1979 $5,972 - - -
1978 $4,797 - - -
1977 $5,053 - - -
1976 $4,516 - - -
1975 $4,672 - - -
1974 $5,085 - - -
1973 $3,631 - - -
1972 $2,930 - - -
1971 $2,298 - - -
1970 $2,490 - - -
1969 $2,189 - - -
1968 $1,947 - - -
1967 $1,735 - - -
1966 $1,789 - - -
1965 $1,689 - - -
1964 $1,626 - - -
1963 $1,486 - - -
1962 $1,294 - - -
1961 $1,697 - - -
1960 $1,452 - - -

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

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

Israel's GDP per capita is $54,177, ranking 21/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Slovenia ranks 37th at $57,186.

Economic indicators

Israel Slovenia
Gross domestic product
$540B
2024
$73B
2024
GDP rank
29/197
2024
86/197
2024
GDP growth
0.87%
2023-2024
1.73%
2023-2024
GDP per capita
$54,177
2024
$34,301
2024
GDP per capita rank
21/197
2024
34/197
2024
GDP per capita, PPP
$57,236
2024
$57,186
2024
GDP per capita PPP rank
36/197
2024
37/197
2024
Government debt
$366B
2024
$48.6B
2024
Debt-to-GDP ratio
67.6%
2024
66.6%
2024
Government debt per person
$36,645
2024
$22,842
2024
Government debt per person rank
18/185
2024
29/185
2024
Average annual personal income after taxes
$43,003
2026
$22,215
2026
Market capitalization of domestic companies
$331B
2024
$11.4B
2024
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
20.6%
2023
Income share by poorest 10%
2%
2021
4.1%
2023
Government expenditure, % of GDP
43.8%
2024
46.5%
2024
Consumer prices inflation
3.07%
2023-2024
1.97%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
3.7%
2024
Population
10290887
2124138

Spending and national debt comparison by year

Israel
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Israel Slovenia
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 46.5% 66.6%
2023 39.3% 61.3% 46.4% 68.3%
2022 36.9% 60.3% 47.7% 72.8%
2021 40% 67.7% 49.9% 74.8%
2020 44.8% 71.1% 51.8% 80.2%
2019 38.7% 59.3% 43.8% 66%
2018 39.2% 60.1% 44.1% 71%
2017 38.3% 59.8% 44.6% 74.9%
2016 37.9% 61.7% 46.9% 79.4%
2015 37.6% 62.8% 49.5% 83.4%
2014 38.3% 64.9% 50.6% 81.1%
2013 39.7% 66% 57.7% 70.8%
2012 39.6% 66.9% 50% 54.1%
2011 39.3% 67.2% 51.4% 46.8%
2010 39.7% 69% 50.7% 38.6%
2009 41.4% 72.6% 50% 34.9%
2008 41.2% 70.2% 45.2% 21.9%
2007 40.2% 70.8% 43.5% 22.9%
2006 41.6% 77.7% 45.7% 26.2%
2005 42.3% 85.2% 46.7% 26.6%
2004 43% 88.3% 46.9% 27.1%
2003 45.4% 89.7% 47.6% 27%
2002 50% 87.2% 47.8% 27.7%
2001 46.1% 81.1% 49.2% 26.3%
2000 43.4% 77.2% 47.8% 26.1%
1999 53.6% 94.8% 47.2% 23.8%
1998 55% 101% 46.4% 22.8%
1997 52.6% 99.3% 45.4% 22.1%
1996 53.2% 100.3% 45.2% 21.6%
1995 52.8% 102.3% 53% 18.2%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 66.6% in Slovenia, ranking 62/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Slovenia
1x
Year Deficit/surplus, % of GDP
Israel Slovenia
2024 -8.26% -0.93%
2023 -5.06% -2.59%
2022 0.32% -3.02%
2021 -3.37% -4.61%
2020 -10.7% -7.68%
2019 -3.79% 0.68%
2018 -3.56% 0.9%
2017 -1.13% 0.05%
2016 -1.79% -2%
2015 -1.21% -2.84%
2014 -2.29% -4.53%
2013 -4.06% -11.2%
2012 -4.46% -4.2%
2011 -3.43% -6.69%
2010 -3.72% -5.56%
2009 -6.53% -5.87%
2008 -3.5% -1.44%
2007 -0.43% -0.08%
2006 -0.95% -1.26%
2005 -2.74% -1.38%
2004 -3.4% -1.98%
2003 -5.03% -2.66%
2002 -8.22% -2.47%
2001 -4.06% -4.58%
2000 -0.8% -3.77%
1999 -6.26% -3.04%
1998 -7.99% -2.39%
1997 -4.84% -2.37%
1996 -5.97% -1.16%
1995 -4.28% -8.19%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

GeoRank.org/economy/israel/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Israel recorded a fiscal deficit in 29 of those years, while Slovenia ran a deficit in 27 years. On average, Israel posted an annual deficit equal to 4.05% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Israel

Slovenia
1x
Year Consumer prices inflation
Israel Slovenia
2024 3.07% 1.97%
2023 4.23% 7.45%
2022 4.41% 8.83%
2021 1.48% 1.92%
2020 -0.58% -0.05%
2019 0.82% 1.63%
2018 0.81% 1.74%
2017 0.25% 1.43%
2016 -0.54% -0.05%
2015 -0.62% -0.53%
2014 0.47% 0.2%
2013 1.59% 1.77%
2012 1.68% 2.6%
2011 3.49% 1.8%
2010 2.7% 1.8%
2009 3.37% 0.84%
2008 4.53% 5.65%
2007 0.47% 3.66%
2006 2.05% 2.46%
2005 1.34% 2.45%
2004 -0.42% 3.59%
2003 0.71% 5.54%
2002 5.8% 7.48%
2001 1.12% 8.38%
2000 1.03% 8.91%
1999 5.19% 6.16%
1998 5.49% 7.89%
1997 8.95% 8.36%

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

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 3.71% in Slovenia. In 2024, inflation was 3.07% in Israel and 1.97% in Slovenia.

Top exports between countries

Israel
Export category Export value
Chemicals & pharma $137M
Machinery & equipment $124M
Raw agricultural goods $101M
Metals $36.2M
Raw materials & minerals $13.7M
Textiles & consumer goods $13.4M
Processed food, beverages & tobacco $10.8M
Wood & paper products $1.38M
Miscellaneous $374K
Animal & marine products $275K
Slovenia
Export category Export value
Machinery & equipment $37.4M
Chemicals & pharma $23.9M
Raw materials & minerals $15.9M
Wood & paper products $14.3M
Metals $6.36M
Textiles & consumer goods $6.23M
Processed food, beverages & tobacco $1.08M
Raw agricultural goods $279K
Miscellaneous $40K
Precious metals & jewellery $33K

Balance of trade

Israel Slovenia
Current account balance
$15.5B
2024
$3.32B
2024
Current account balance ranking
21/190
2024
37/190
2024
Current account balance, % of GDP
+2.86%
2024
+4.55%
2024
Goods imports
$96.3B
2024
$45.2B
2024
Goods exports
$70B
2024
$45.6B
2024
Service imports
$44.4B
2024
$9.52B
2024
Service exports
$83.7B
2024
$13.6B
2024
Imports of goods and services, % of GDP
26%
2024
74.7%
2024
Exports of goods and services, % of GDP
28.4%
2024
80.9%
2024

Economic freedom indices

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

Israel Slovenia
Economic freedom 68.4 69.7
Economic freedom ranking 47/197 40/197
Property rights 73.1 87.6
Government integrity 66.2 66.1
Judicial effectiveness 68.1 91.6
Tax burden 60.2 55.5
Government spending 52 34.1
Fiscal health 60.8 83.5
Business freedom 72.4 78.7
Labor freedom 56.8 62.7
Monetary freedom 78.2 77.5
Trade freedom 82.8 79.4
Investment freedom 70 70
Financial freedom 80 50

Economic freedom comparison by year

Israel
Slovenia
1x
Year Economic freedom index
Israel Slovenia
2026 68.4 69.7
2025 69.9 68.3
2024 70.1 65.9
2023 68.9 68.5
2022 68 70.5
2021 73.8 68.3
2020 74 67.8
2019 72.8 65.5
2018 72.2 64.8
2017 69.7 59.2
2016 70.7 60.6
2015 70.5 60.3
2014 68.4 62.7
2013 66.9 61.7
2012 67.8 62.9
2011 68.5 64.6
2010 67.7 64.7
2009 67.6 62.9
2008 66.3 60.2
2007 64.8 59.6
2006 64.4 61.9
2005 62.6 59.6
2004 61.4 59.2
2003 62.7 57.7
2002 66.9 57.8
2001 66.1 61.8
2000 65.5 58.3
1999 68.3 61.3
1998 68 60.7
1997 62.7 55.6
1996 62 50.4
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Slovenia
Services, % of GDP
72.5%
2024
57.9%
2024
Industry, % of GDP
17.3%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
1.54%
2024
GNI, Atlas method
$528B
2024
$67.6B
2024
GNI per capita, PPP
$56,790
2024
$56,520
2024
Total reserves including gold
$215B
2024
$2.83B
2024
Total reserves ranking
18/177
2024
118/177
2024
Net foreign direct investment
-$4.86B
2024
-$405M
2024
Net inflows of foreign direct investment
$14.8B
2024
$1.87B
2024
Net outflows of foreign direct investment
$9.92B
2024
$1.46B
2024
Poverty at national poverty lines
22%
2020
12.7%
2022
Gross capital formation, % of GDP
23.4%
2024
21.5%
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/slovenia | 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 (1995–2024, 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 (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.

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.