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Economy of Israel vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $552B for the United Arab Emirates, ranking 27/197 and 31/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Israel vs United Arab Emirates GDP by year

Israel
United Arab Emirates
1x
Year GDP, current $
Israel UAE
2025 $610,777,842,874 -
2024 $542,284,494,491 $552,324,919,096
2023 $513,393,395,492 $522,622,268,401
2022 $525,157,951,213 $511,403,404,642
2021 $489,735,019,666 $422,441,282,436
2020 $410,908,899,711 $357,161,776,271
2019 $399,207,771,082 $433,926,218,686
2018 $375,470,422,244 $440,560,003,161
2017 $357,360,816,857 $403,365,056,079
2016 $321,083,954,798 $381,717,208,621
2015 $302,841,190,258 $381,973,135,513
2014 $314,376,760,832 $424,935,834,104
2013 $298,045,324,736 $409,632,574,703
2012 $263,172,104,091 $392,793,559,051
2011 $267,739,352,609 $368,881,033,963
2010 $239,372,857,534 $307,736,348,527
2009 $213,112,649,594 $253,547,358,747
2008 $220,952,472,408 $315,474,615,741
2007 $184,448,882,452 $257,916,148,767
2006 $158,706,516,002 $222,116,532,963
2005 $147,346,035,831 $180,617,467,954
2004 $139,925,423,025 $147,824,249,958
2003 $131,278,887,815 $124,346,476,180
2002 $125,215,963,105 $109,816,091,079
2001 $134,889,159,474 $103,311,631,797
2000 $136,409,902,632 $104,337,463,730
1999 $121,329,240,042 $84,445,399,335
1998 $120,468,659,246 $75,674,384,205
1997 $119,389,303,067 $78,838,886,862
1996 $115,051,957,577 $73,571,217,377
1995 $105,432,315,611 $65,743,604,966
1994 $90,684,108,118 $59,305,111,228
1993 $79,806,598,120 $55,625,269,485
1992 $79,408,652,426 $54,239,188,746
1991 $70,954,941,681 $51,552,058,250
1990 $61,978,459,022 $50,701,374,187
1989 $52,411,116,588 $41,464,966,302
1988 $52,618,458,014 $36,275,613,877
1987 $43,022,977,765 $36,384,802,310
1986 $35,812,041,620 $33,943,568,481
1985 $28,887,898,639 $40,603,631,079
1984 $30,626,695,891 $41,807,931,453
1983 $32,655,591,256 $42,803,373,390
1982 $29,237,231,967 $46,622,715,281
1981 $26,865,420,933 $49,333,471,895
1980 $25,379,585,067 $43,599,134,193
1979 $22,595,788,591 $31,225,557,022
1978 $17,690,363,444 $23,775,718,541
1977 $18,245,847,441 $24,871,660,292
1976 $15,946,502,888 $19,213,212,475
1975 $16,131,806,290 $14,720,729,969
1974 $17,162,009,924 $11,651,505,689
1973 $11,895,229,181 $4,231,243,616
1972 $9,216,866,299 $1,415,086,929
1971 $7,048,191,876 $939,893,600
1970 $7,402,142,195 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Israel vs United Arab Emirates by year

Israel
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - - -
2024 $54,217 $57,236 $50,274 $79,229
2023 $52,126 $55,171 $49,851 $77,955
2022 $54,947 $53,619 $50,760 $75,072
2021 $52,258 $46,162 $44,118 $68,580
2020 $44,591 $40,955 $37,992 $66,791
2019 $44,092 $41,325 $45,939 $79,816
2018 $42,269 $40,190 $47,135 $77,446
2017 $41,013 $39,471 $43,734 $70,282
2016 $37,571 $38,189 $42,721 $69,987
2015 $36,138 $35,871 $44,910 $73,986
2014 $38,265 $34,816 $52,725 $87,478
2013 $36,981 $34,827 $53,247 $87,526
2012 $33,269 $32,484 $53,142 $89,198
2011 $34,477 $31,314 $51,922 $89,665
2010 $31,399 $29,456 $44,795 $85,120
2009 $28,470 $28,087 $37,803 $84,780
2008 $30,231 $28,084 $50,054 $94,628
2007 $25,689 $28,307 $45,855 $100,813
2006 $22,500 $26,385 $44,343 $106,814
2005 $21,262 $25,701 $38,719 $101,301
2004 $20,550 $26,078 $33,377 $98,661
2003 $19,624 $24,702 $29,660 $92,636
2002 $19,059 $26,101 $27,754 $88,467
2001 $20,949 $25,806 $27,745 $90,370
2000 $21,690 $25,766 $29,866 $92,899
1999 $19,809 $23,415 $25,856 $87,658
1998 $20,176 $22,927 $24,889 $90,229
1997 $20,457 $22,279 $27,983 $96,009
1996 $20,213 $21,672 $28,323 $94,620
1995 $19,014 $20,642 $27,003 $93,702
1994 $16,796 $19,478 $25,473 $89,959
1993 $15,169 $18,218 $25,033 $86,330
1992 $15,500 $17,553 $25,648 $87,509
1991 $14,337 $16,486 $25,691 $87,250
1990 $13,300 $15,721 $26,710 $88,455
1989 $11,601 - $23,167 -
1988 $11,846 - $21,570 -
1987 $9,847 - $23,113 -
1986 $8,330 - $23,132 -
1985 $6,824 - $29,468 -
1984 $7,364 - $32,012 -
1983 $7,955 - $34,650 -
1982 $7,253 - $39,972 -
1981 $6,791 - $44,855 -
1980 $6,545 - $42,925 -
1979 $5,968 - $34,238 -
1978 $4,794 - $29,379 -
1977 $5,050 - $35,020 -
1976 $4,514 - $31,197 -
1975 $4,669 - $27,117 -
1974 $5,082 - $23,823 -
1973 $3,629 - $9,696 -
1972 $2,928 - $3,675 -
1971 $2,297 - $2,805 -
1970 $2,489 - $2,394 -
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/united-arab-emirates | CC BY

Israel's GDP per capita is $60,337, ranking 19/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Israel UAE
Gross domestic product
$611B
2025
$552B
2024
GDP rank
27/197
2025
31/197
2024
GDP growth
2.93%
2024-2025
3.99%
2023-2024
GDP per capita
$60,337
2025
$50,274
2024
GDP per capita rank
19/197
2025
25/197
2024
GDP per capita, PPP
$57,236
2024
$79,229
2024
GDP per capita PPP rank
36/197
2024
16/197
2024
Government debt
$418B
2025
$193B
2024
Debt-to-GDP ratio
68.5%
2025
34.3%
2025
Government debt per person
$41,338
2025
$17,568
2024
Government debt per person rank
16/185
2025
37/185
2024
Average annual personal income after taxes
$48,251
2026
$40,096
2026
Market capitalization of domestic companies
$331B
2024
$1.11T
2025
Number of millionaires
195,000
2026
183,000
2026
Number of billionaires
42
2026
6
2026
Income share by richest 10%
27%
2022
20.5%
2018
Income share by poorest 10%
1.8%
2022
2.8%
2018
Government expenditure, % of GDP
43.6%
2025
22.6%
2025
Consumer prices inflation
3.04%
2024-2025
1.3%
2024-2025
Central bank interest rate
3.75%
2026
3.65%
2025
Unemployment rate
3%
2025
1.88%
2024
Population
10334048
11885001

Spending and national debt comparison by year

Israel
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Israel UAE
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 22.6% 34.3%
2024 43.7% 67.7% 21.4% 34.9%
2023 39.6% 61.3% 22.7% 31.9%
2022 36.9% 60.3% 22.7% 31.5%
2021 40.1% 67.7% 25.9% 35.7%
2020 44.8% 71.1% 30.5% 30.1%
2019 38.7% 59.3% 27.4% 25.8%
2018 39.2% 60.1% 25.9% 20.7%
2017 38.4% 59.8% 27.2% 21.2%
2016 37.9% 61.7% 31.7% 18.6%
2015 37.6% 62.8% 26.4% 15.6%
2014 38.3% 65.8% 31.4% 13.5%
2013 39.7% 66% 28.9% 15.3%
2012 39.6% 66.9% 27.8% 20.2%
2011 39.3% 67.2% 29.6% 20.4%
2010 39.7% 69% 30.4% 18.3%
2009 41.4% 72.6% 35% 21.1%
2008 41.2% 70.2% 22% 8.95%
2007 40.2% 70.8% 17.7% 8.89%
2006 41.6% 77.7% 15.6% 5.05%
2005 42.3% 85.2% 15.7% 4.48%
2004 43% 88.3% 17.7% 4.08%
2003 45.4% 89.7% 20% 3.33%
2002 50% 87.2% 21.3% 3.43%
2001 46.1% 81.1% 25.2% 2.69%
2000 43.4% 77.2% 21.8% 3.12%
1999 53.6% 94.8% 24.3% 4.73%
1998 55% 101% 25.8% 4.18%
1997 52.6% 99.3% 22.6% 2.86%
1996 53.2% 100.3% 27.6% 3.48%
1995 52.8% 102.3% 26.1% 5.06%
1994 41.7% 110.2% 30.1% 5.58%
1993 42.2% 118.3% 31.5% 6.01%
1992 44.1% 119.6% 29.6% 5.31%
1991 34.4% 123.7% 36% 4.97%
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 (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/israel/united-arab-emirates | CC BY

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 34.3% in the United Arab Emirates, ranking 60/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Israel

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Israel UAE
2025 -5.22% 5.15%
2024 -8.07% 6.41%
2023 -5.38% 5.82%
2022 0.3% 9.8%
2021 -3.37% 3.96%
2020 -10.6% -2.42%
2019 -3.79% 2.5%
2018 -3.58% 3.65%
2017 -1.17% -0.16%
2016 -1.78% -2.95%
2015 -1.2% -6.35%
2014 -2.28% 1.74%
2013 -4.07% 7.99%
2012 -4.46% 8.59%
2011 -3.43% 5.05%
2010 -3.72% 0.52%
2009 -6.53% -6.13%
2008 -3.49% 17.6%
2007 -0.43% 17.1%
2006 -0.94% 20.2%
2005 -2.74% 16%
2004 -3.4% 6.4%
2003 -5.03% 2.35%
2002 -8.21% -1.24%
2001 -4.06% 1.21%
2000 -0.8% 10.7%
1999 -6.26% 1.31%
1998 -7.99% 1%
1997 -4.84% 6.71%
1996 -5.97% 0.92%
1995 -4.28% 3.58%
1994 -5.62% -1.78%
1993 -5.62% -2.89%
1992 -8% 3.34%
1991 -7.04% 3.89%
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 (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/israel/united-arab-emirates | CC BY

In 2024, Israel's government deficit, the difference between spending and revenue, was $43.8B, equivalent to 8.07% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Israel recorded a fiscal deficit in 33 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Israel posted an annual deficit equal to 4.35% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Israel

United Arab Emirates
1x
Year Consumer prices inflation
Israel UAE
2025 3.04% 1.3%
2024 3.07% 1.7%
2023 4.23% 1.6%
2022 4.41% 4.8%
2021 1.48% -0.1%
2020 -0.58% -2.1%
2019 0.82% -1.9%
2018 0.81% 3.1%
2017 0.25% 2%
2016 -0.54% 1.6%
2015 -0.62% 4.1%
2014 0.47% 2.3%
2013 1.59% 1.1%
2012 1.68% 0.7%
2011 3.49% 0.9%
2010 2.7% 0.9%
2009 3.37% -4.7%
2008 4.53% 12.3%
2007 0.47% 11.1%
2006 2.05% 9.3%
2005 1.34% 6.2%
2004 -0.42% 5%
2003 0.71% 3.1%
2002 5.8% 2.9%
2001 1.12% 2.8%
2000 1.03% 1.3%
1999 5.19% 2.1%
1998 5.49% 2%
1997 8.95% 3%

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/united-arab-emirates | CC BY

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 3.04% in Israel and 1.3% in the United Arab Emirates.

Top exports between countries

Israel
Export category Export value
Machinery & equipment $321M
Precious metals & jewellery $261M
Metals $31.9M
Raw agricultural goods $11.7M
Textiles & consumer goods $10M
Chemicals & pharma $9.65M
Raw materials & minerals $6.12M
Processed food, beverages & tobacco $3.84M
Wood & paper products $204K
Miscellaneous $144K
UAE
Export category Export value
Precious metals & jewellery $1.01B
Machinery & equipment $474M
Chemicals & pharma $66M
Metals $36.3M
Raw materials & minerals $11.3M
Textiles & consumer goods $9.64M
Raw agricultural goods $4.14M
Processed food, beverages & tobacco $3.93M
Miscellaneous $917K
Animal & marine products $854K

Balance of trade

Israel UAE
Current account balance
$8.53B
2025
$80B
2024
Current account balance ranking
26/190
2025
9/190
2024
Current account balance, % of GDP
+1.4%
2025
+14.5%
2024
Goods imports
$102B
2025
$400B
2024
Goods exports
$76.2B
2025
$467B
2024
Service imports
$53.2B
2025
$117B
2024
Service exports
$92.4B
2025
$181B
2024
Imports of goods and services, % of GDP
25.4%
2025
92.2%
2023
Exports of goods and services, % of GDP
27.6%
2025
106.8%
2023

Economic freedom indices

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

Israel UAE
Economic freedom 68.4 71.9
Economic freedom ranking 47/197 29/197
Property rights 73.1 62.9
Government integrity 66.2 65.3
Judicial effectiveness 68.1 34.4
Tax burden 60.2 99.9
Government spending 52 85.1
Fiscal health 60.8 97.6
Business freedom 72.4 84.5
Labor freedom 56.8 63.2
Monetary freedom 78.2 81.2
Trade freedom 82.8 78.6
Investment freedom 70 50
Financial freedom 80 60

Economic freedom comparison by year

Israel
United Arab Emirates
1x
Year Economic freedom index
Israel UAE
2026 68.4 71.9
2025 69.9 71.6
2024 70.1 71.1
2023 68.9 70.9
2022 68 70.2
2021 73.8 76.9
2020 74 76.2
2019 72.8 77.6
2018 72.2 77.6
2017 69.7 76.9
2016 70.7 72.6
2015 70.5 72.4
2014 68.4 71.4
2013 66.9 71.1
2012 67.8 69.3
2011 68.5 67.8
2010 67.7 67.3
2009 67.6 64.7
2008 66.3 62.6
2007 64.8 62.6
2006 64.4 62.2
2005 62.6 65.2
2004 61.4 67.2
2003 62.7 73.4
2002 66.9 73.6
2001 66.1 74.9
2000 65.5 74.2
1999 68.3 71.5
1998 68 72.2
1997 62.7 71.9
1996 62 71.6
1995 61.5 -

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

GeoRank.org/economy/israel/united-arab-emirates | CC BY

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel UAE
Services, % of GDP
72.8%
2024
54.9%
2024
Industry, % of GDP
17.2%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
0.77%
2024
GNI, Atlas method
$569B
2025
$566B
2024
GNI per capita, PPP
$58,870
2025
$81,640
2024
Total reserves including gold
$229B
2025
$292B
2025
Total reserves ranking
18/177
2025
14/177
2025
Net foreign direct investment
-$11.8B
2025
$31.5B
2024
Net inflows of foreign direct investment
$14.8B
2024
$45.6B
2024
Net outflows of foreign direct investment
$9.92B
2024
$77.2B
2024
Poverty at national poverty lines
22%
2020
19.5%
2020
Gross capital formation, % of GDP
24.3%
2025
26.6%
2023

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/united-arab-emirates | 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 (1991–2025, 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. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  8. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  9. LivingCost (2026, 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.