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Economy of Israel vs Vanuatu compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $1.35B for Vanuatu, ranking 27/197 and 185/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Israel vs Vanuatu GDP by year

Israel
Vanuatu
1x
Year GDP, current $
Israel Vanuatu
2025 $610,777,842,874 $1,353,658,841
2024 $542,284,494,491 $1,297,956,615
2023 $513,393,395,492 $1,188,137,265
2022 $525,157,951,213 $1,151,863,790
2021 $489,735,019,666 $1,093,826,089
2020 $410,908,899,711 $1,017,403,363
2019 $399,207,771,082 $1,061,547,513
2018 $375,470,422,244 $1,034,402,941
2017 $357,360,816,857 $998,536,155
2016 $321,083,954,798 $908,725,513
2015 $302,841,190,258 $855,360,240
2014 $314,376,760,832 $879,185,478
2013 $298,045,324,736 $863,347,172
2012 $263,172,104,091 $747,839,698
2011 $267,739,352,609 $770,153,588
2010 $239,372,857,534 $670,712,980
2009 $213,112,649,594 $592,622,319
2008 $220,952,472,408 $590,748,429
2007 $184,448,882,452 $516,392,923
2006 $158,706,516,002 $439,358,587
2005 $147,346,035,831 $394,962,433
2004 $139,925,423,025 $364,996,869
2003 $131,278,887,815 $314,471,413
2002 $125,215,963,105 $262,596,536
2001 $134,889,159,474 $257,926,882
2000 $136,409,902,632 $272,014,628
1999 $121,329,240,042 $268,006,973
1998 $120,468,659,246 $262,293,411
1997 $119,389,303,067 $272,771,209
1996 $115,051,957,577 $261,370,044
1995 $105,432,315,611 $249,333,250
1994 $90,684,108,118 $233,701,301
1993 $79,806,598,120 $200,491,853
1992 $79,408,652,426 $209,088,825
1991 $70,954,941,681 $201,334,169
1990 $61,978,459,022 $168,879,207
1989 $52,411,116,588 $154,013,202
1988 $52,618,458,014 $158,351,368
1987 $43,022,977,765 $139,464,174
1986 $35,812,041,620 $126,498,935
1985 $28,887,898,639 $131,856,421
1984 $30,626,695,891 $144,482,515
1983 $32,655,591,256 $117,389,554
1982 $29,237,231,967 $114,501,913
1981 $26,865,420,933 $113,781,796
1980 $25,379,585,067 $121,185,498
1979 $22,595,788,591 $119,258,835
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/vanuatu | CC BY

GDP per capita in Israel vs Vanuatu by year

Israel
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $4,039 -
2024 $54,217 $57,236 $3,960 $3,606
2023 $52,126 $55,171 $3,708 $3,568
2022 $54,947 $53,619 $3,680 $3,453
2021 $52,258 $46,162 $3,576 $3,136
2020 $44,591 $40,955 $3,404 $3,118
2019 $44,092 $41,325 $3,636 $3,315
2018 $42,269 $40,190 $3,626 $3,233
2017 $41,013 $39,471 $3,585 $3,146
2016 $37,571 $38,189 $3,340 $3,030
2015 $36,138 $35,871 $3,214 $2,966
2014 $38,265 $34,816 $3,378 $2,890
2013 $36,981 $34,827 $3,393 $2,832
2012 $33,269 $32,484 $3,005 $2,834
2011 $34,477 $31,314 $3,163 $2,816
2010 $31,399 $29,456 $2,815 $2,733
2009 $28,470 $28,087 $2,546 $2,730
2008 $30,231 $28,084 $2,604 $2,701
2007 $25,689 $28,307 $2,334 $2,573
2006 $22,500 $26,385 $2,035 $2,496
2005 $21,262 $25,701 $1,874 $2,287
2004 $20,550 $26,078 $1,774 $2,157
2003 $19,624 $24,702 $1,567 $2,070
2002 $19,059 $26,101 $1,341 $1,995
2001 $20,949 $25,806 $1,350 $2,125
2000 $21,690 $25,766 $1,460 $2,206
1999 $19,809 $23,415 $1,472 $2,084
1998 $20,176 $22,927 $1,471 $2,091
1997 $20,457 $22,279 $1,562 $2,087
1996 $20,213 $21,672 $1,529 $1,998
1995 $19,014 $20,642 $1,492 $1,961
1994 $16,796 $19,478 $1,431 $1,946
1993 $15,169 $18,218 $1,257 $1,789
1992 $15,500 $17,553 $1,344 $1,777
1991 $14,337 $16,486 $1,326 $1,737
1990 $13,300 $15,721 $1,141 $1,670
1989 $11,601 - $1,067 -
1988 $11,846 - $1,125 -
1987 $9,847 - $1,017 -
1986 $8,330 - $946 -
1985 $6,824 - $1,012 -
1984 $7,364 - $1,137 -
1983 $7,955 - $947 -
1982 $7,253 - $946 -
1981 $6,791 - $962 -
1980 $6,545 - $1,048 -
1979 $5,968 - $1,055 -
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/vanuatu | CC BY

Israel's GDP per capita is $60,337, ranking 19/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Vanuatu ranks 170th at $3,606.

Economic indicators

Israel Vanuatu
Gross domestic product
$611B
2025
$1.35B
2025
GDP rank
27/197
2025
185/197
2025
GDP growth
2.93%
2024-2025
3.05%
2024-2025
GDP per capita
$60,337
2025
$4,039
2025
GDP per capita rank
19/197
2025
133/197
2025
GDP per capita, PPP
$57,236
2024
$3,606
2024
GDP per capita PPP rank
36/197
2024
170/197
2024
Government debt
$418B
2025
$554M
2025
Debt-to-GDP ratio
68.5%
2025
40.9%
2025
Government debt per person
$41,338
2025
$1,654
2025
Government debt per person rank
16/185
2025
125/185
2025
Average annual personal income after taxes
$48,251
2026
$2,801
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
195,000
2026
n/a
Number of billionaires
42
2026
n/a
Income share by richest 10%
27%
2022
24.7%
2019
Income share by poorest 10%
1.8%
2022
3%
2019
Government expenditure, % of GDP
43.6%
2025
35.5%
2025
Consumer prices inflation
3.04%
2024-2025
0.66%
2024-2025
Central bank interest rate
3.75%
2026
n/a
Unemployment rate
3%
2025
1.41%
2025
Population
10334048
346488

Spending and national debt comparison by year

Israel
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Israel Vanuatu
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 35.5% 40.9%
2024 43.7% 67.7% 33.1% 39.1%
2023 39.6% 61.3% 38.9% 39.2%
2022 36.9% 60.3% 38.5% 39.2%
2021 40.1% 67.7% 38.6% 42.2%
2020 44.8% 71.1% 38.8% 42.9%
2019 38.7% 59.3% 35.1% 39.8%
2018 39.2% 60.1% 29.4% 40%
2017 38.4% 59.8% 32.7% 46.4%
2016 37.9% 61.7% 31.2% 37.6%
2015 37.6% 62.8% 38.1% 32.2%
2014 38.3% 65.8% 20.5% 17.8%
2013 39.7% 66% 20.1% 16.4%
2012 39.6% 66.9% 22.1% 17.4%
2011 39.3% 67.2% 22.7% 19.3%
2010 39.7% 69% 25.6% 18.3%
2009 41.4% 72.6% 24.9% 19.1%
2008 41.2% 70.2% 25.1% 19.2%
2007 40.2% 70.8% 20.3% 17.6%
2006 41.6% 77.7% 18.2% 20%
2005 42.3% 85.2% 16.5% 23.8%
2004 43% 88.3% 16.7% 27.5%
2003 45.4% 89.7% 17% 34.6%
2002 50% 87.2% 20.2% 35.1%
2001 46.1% 81.1% 20.2% 33.5%
2000 43.4% 77.2% 23% 32.6%
1999 53.6% 94.8% 21.6% 27.7%
1998 55% 101% 25.2% 25.4%
1997 52.6% 99.3% 20.1% 20.7%
1996 53.2% 100.3% 22.1% 20.8%
1995 52.8% 102.3% 25.3% 21.8%
1994 41.7% 110.2% 22% 19.5%
1993 42.2% 118.3% 23.7% 18.3%
1992 44.1% 119.6% 28.8% 19%
1991 34.4% 123.7% 30% 14.4%
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/vanuatu | CC BY

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 40.9% in Vanuatu, ranking 60/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Vanuatu
1x
Year Deficit/surplus, % of GDP
Israel Vanuatu
2025 -5.22% -3.88%
2024 -8.07% -2.46%
2023 -5.38% -0.78%
2022 0.3% -5.96%
2021 -3.37% 2.07%
2020 -10.6% -1.74%
2019 -3.79% 2.48%
2018 -3.58% 5.53%
2017 -1.17% -1.06%
2016 -1.78% -0.64%
2015 -1.2% -8.13%
2014 -2.28% 1.26%
2013 -4.07% -0.22%
2012 -4.46% -1.54%
2011 -3.43% -1.98%
2010 -3.72% -2.38%
2009 -6.53% -0.76%
2008 -3.49% -0.04%
2007 -0.43% 0.25%
2006 -0.94% 0.44%
2005 -2.74% 1.68%
2004 -3.4% 0.72%
2003 -5.03% -1.22%
2002 -8.21% -3.29%
2001 -4.06% -3.01%
2000 -0.8% -5.67%
1999 -6.26% -0.5%
1998 -7.99% -6.01%
1997 -4.84% -0.46%
1996 -5.97% -1.61%
1995 -4.28% -2.34%
1994 -5.62% -1.35%
1993 -5.62% -3.32%
1992 -8% -2.1%
1991 -7.04% -2.54%
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Israel recorded a fiscal deficit in 34 of those years, while Vanuatu ran a deficit in 27 years. On average, Israel posted an annual deficit equal to 4.37% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Israel

Vanuatu
1x
Year Consumer prices inflation
Israel Vanuatu
2025 3.04% 0.66%
2024 3.07% 1.14%
2023 4.23% 11.2%
2022 4.41% 6.68%
2021 1.48% 2.34%
2020 -0.58% 5.33%
2019 0.82% 2.76%
2018 0.81% 2.33%
2017 0.25% 3.08%
2016 -0.54% 0.84%
2015 -0.62% 2.48%
2014 0.47% 0.8%
2013 1.59% 1.46%
2012 1.68% 1.35%
2011 3.49% 0.87%
2010 2.7% 2.76%
2009 3.37% 4.3%
2008 4.53% 4.84%
2007 0.47% 3.94%
2006 2.05% 2.04%
2005 1.34% 1.2%
2004 -0.42% 1.42%
2003 0.71% 3.02%
2002 5.8% 1.96%
2001 1.12% 3.58%
2000 1.03% 2.54%
1999 5.19% 2%
1998 5.49% 3.28%
1997 8.95% 2.83%

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

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

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 2.86% in Vanuatu. In 2025, inflation was 3.04% in Israel and 0.66% in Vanuatu.

Top exports between countries

Israel
Export category Export value
Textiles & consumer goods $9K
Machinery & equipment $5K
Precious metals & jewellery $1K
Vanuatu
Export category Export value

Balance of trade

Israel Vanuatu
Current account balance
$8.53B
2025
-$127M
2022
Current account balance ranking
26/190
2025
83/190
2022
Current account balance, % of GDP
+1.4%
2025
-11.1%
2022
Goods imports
$102B
2025
$350M
2022
Goods exports
$76.2B
2025
$73.6M
2022
Service imports
$53.2B
2025
$230M
2022
Service exports
$92.4B
2025
$78.5M
2022
Imports of goods and services, % of GDP
25.4%
2025
48%
2024
Exports of goods and services, % of GDP
27.6%
2025
25.3%
2024

Economic freedom indices

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

Israel Vanuatu
Economic freedom 68.4 61.1
Economic freedom ranking 47/197 92/197
Property rights 73.1 62.1
Government integrity 66.2 48.3
Judicial effectiveness 68.1 67.9
Tax burden 60.2 96.9
Government spending 52 48.1
Fiscal health 60.8 78.8
Business freedom 72.4 50.3
Labor freedom 56.8 41
Monetary freedom 78.2 72.1
Trade freedom 82.8 62
Investment freedom 70 65
Financial freedom 80 40

Economic freedom comparison by year

Israel
Vanuatu
1x
Year Economic freedom index
Israel Vanuatu
2026 68.4 61.1
2025 69.9 61.8
2024 70.1 62.2
2023 68.9 62.1
2022 68 62.9
2021 73.8 60.5
2020 74 60.7
2019 72.8 56.4
2018 72.2 69.5
2017 69.7 67.4
2016 70.7 60.8
2015 70.5 61.1
2014 68.4 59.5
2013 66.9 56.6
2012 67.8 56.6
2011 68.5 56.7
2010 67.7 56.4
2009 67.6 58.4
2008 66.3 -
2007 64.8 -
2006 64.4 -
2005 62.6 -
2004 61.4 -
2003 62.7 -
2002 66.9 -
2001 66.1 -
2000 65.5 -
1999 68.3 -
1998 68 -
1997 62.7 -
1996 62 -
1995 61.5 -

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Vanuatu
Services, % of GDP
72.8%
2024
56.8%
2024
Industry, % of GDP
17.2%
2024
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
26.6%
2024
GNI, Atlas method
$569B
2025
$1.48B
2025
GNI per capita, PPP
$58,870
2025
$4,970
2025
Total reserves including gold
$229B
2025
$615M
2024
Total reserves ranking
18/177
2025
152/177
2024
Net foreign direct investment
-$11.8B
2025
-$9.21M
2022
Net inflows of foreign direct investment
$14.8B
2024
$28.9M
2024
Net outflows of foreign direct investment
$9.92B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
1.88%
2024
Poverty at national poverty lines
22%
2020
15.9%
2020
Gross capital formation, % of GDP
24.3%
2025
26.1%
2024

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/vanuatu | 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 (2020–2024, 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.

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.