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Economy of Israel vs Yemen compared: GDP & Debt

Updated on by Georank team

Israel has a GDP of $540B compared to $21.6B for Yemen, ranking 29/197 and 125/197 by economy size, respectively.

Israel has $366B in government debt (67.6% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Israel vs Yemen GDP by year

Israel
Yemen
1x
Year GDP, current $
Israel Yemen
2024 $540,379,921,262 -
2023 $512,184,638,999 -
2022 $525,181,008,026 -
2021 $489,851,549,972 -
2020 $410,768,352,658 -
2019 $400,645,216,359 -
2018 $376,299,083,108 $21,606,160,663
2017 $358,451,839,053 $26,842,229,045
2016 $321,940,971,558 $31,317,825,274
2015 $303,469,434,072 $42,444,490,074
2014 $315,017,088,117 $43,228,585,321
2013 $298,478,070,673 $40,415,233,436
2012 $263,589,172,712 $35,401,331,610
2011 $268,094,998,225 $32,726,417,878
2010 $239,679,036,634 $30,906,749,533
2009 $213,403,181,853 $25,130,278,213
2008 $221,231,658,863 $26,910,855,807
2007 $184,681,214,673 $21,650,528,674
2006 $158,900,547,825 $19,063,143,370
2005 $147,519,922,009 $16,731,566,717
2004 $140,047,984,605 $13,867,634,371
2003 $131,408,914,824 $11,777,532,662
2002 $125,332,331,884 $10,693,430,511
2001 $135,002,039,613 $9,852,990,693
2000 $136,512,300,542 $9,679,316,770
1999 $121,417,185,062 $7,639,325,296
1998 $120,547,409,279 $6,322,175,566
1997 $119,459,826,347 $6,838,298,531
1996 $115,116,595,545 $6,496,163,616
1995 $105,497,418,059 $12,796,345,679
1994 $90,740,103,829 $28,019,483,764
1993 $79,855,877,174 $21,736,802,664
1992 $79,457,685,757 $17,959,367,194
1991 $70,998,755,007 $14,665,445,462
1990 $62,016,729,541 $12,643,821,569
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/yemen | CC BY

GDP per capita in Israel vs Yemen by year

Israel
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $54,177 $57,236 - -
2023 $52,004 $55,171 - -
2022 $54,950 $53,619 - -
2021 $52,271 $46,162 - -
2020 $44,576 $40,955 - -
2019 $44,251 $41,325 - -
2018 $42,363 $40,190 $634 -
2017 $41,138 $39,471 $811 -
2016 $37,672 $38,189 $975 -
2015 $36,213 $35,871 $1,362 -
2014 $38,343 $34,816 $1,430 -
2013 $37,034 $34,827 $1,379 $3,164
2012 $33,321 $32,484 $1,245 $3,005
2011 $34,523 $31,314 $1,186 $3,113
2010 $31,439 $29,456 $1,155 $3,603
2009 $28,508 $28,087 $969 $3,411
2008 $30,269 $28,084 $1,072 $3,370
2007 $25,721 $28,307 $890 $3,294
2006 $22,527 $26,385 $810 $3,205
2005 $21,287 $25,701 $734 $3,113
2004 $20,568 $26,078 $628 $2,949
2003 $19,643 $24,702 $549 $2,844
2002 $19,076 $26,101 $513 $2,768
2001 $20,966 $25,806 $487 $2,702
2000 $21,707 $25,766 $493 $2,624
1999 $19,823 $23,415 $401 $2,492
1998 $20,189 $22,927 $343 $2,442
1997 $20,469 $22,279 $383 $2,351
1996 $20,224 $21,672 $375 $2,268
1995 $19,026 $20,642 $764 $2,201
1994 $16,807 $19,478 $1,735 $2,115
1993 $15,179 $18,218 $1,397 $2,013
1992 $15,510 $17,553 $1,198 $1,963
1991 $14,346 $16,486 $1,016 $1,843
1990 $13,308 $15,721 $910 $1,742
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/yemen | CC BY

Israel's GDP per capita is $54,177, ranking 21/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Yemen ranks 178th at $3,164.

Economic indicators

Israel Yemen
Gross domestic product
$540B
2024
$21.6B
2018
GDP rank
29/197
2024
125/197
2018
GDP growth
0.87%
2023-2024
0.75%
2017-2018
GDP per capita
$54,177
2024
$634
2018
GDP per capita rank
21/197
2024
191/197
2018
GDP per capita, PPP
$57,236
2024
$3,164
2013
GDP per capita PPP rank
36/197
2024
178/197
2013
Government debt
$366B
2024
$18.8B
2018
Debt-to-GDP ratio
67.6%
2024
70.9%
2024
Government debt per person
$36,645
2024
$551
2018
Government debt per person rank
18/185
2024
165/185
2018
Average annual personal income after taxes
$43,003
2026
$1,127
2026
Market capitalization of domestic companies
$331B
2024
n/a
Number of millionaires
179,905
2025
n/a
Number of billionaires
41
2025
n/a
Income share by richest 10%
26.6%
2021
29.4%
2014
Income share by poorest 10%
2%
2021
3%
2014
Government expenditure, % of GDP
43.8%
2024
8.91%
2024
Consumer prices inflation
3.07%
2023-2024
33.9%
2023-2024
Central bank interest rate
4.5%
2024
n/a
Unemployment rate
2.9%
2024
13.5%
2014
Population
10290887
43325643

Spending and national debt comparison by year

Israel
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Israel Yemen
Government spending Government debt Government spending Government debt
2024 43.8% 67.6% 8.91% 70.9%
2023 39.3% 61.3% 11.8% 77.9%
2022 36.9% 60.3% 12.2% 65.3%
2021 40% 67.7% 8.22% 75.9%
2020 44.8% 71.1% 10.6% 87%
2019 38.7% 59.3% 13.2% 91.5%
2018 39.2% 60.1% 14.3% 86.9%
2017 38.3% 59.8% 8.39% 83.8%
2016 37.9% 61.7% 16.1% 76.5%
2015 37.6% 62.8% 19.4% 57.7%
2014 38.3% 64.9% 27.8% 48.9%
2013 39.7% 66% 30.8% 48.4%
2012 39.6% 66.9% 36.2% 47.6%
2011 39.3% 67.2% 29.8% 45.7%
2010 39.7% 69% 30.2% 42.4%
2009 41.4% 72.6% 35.2% 49.8%
2008 41.2% 70.2% 41.2% 36.4%
2007 40.2% 70.8% 40.3% 40.4%
2006 41.6% 77.7% 37.4% 40.8%
2005 42.3% 85.2% 36.8% 43.8%
2004 43% 88.3% 34.2% 52.1%
2003 45.4% 89.7% 35.3% 56.8%
2002 50% 87.2% 30.8% 57.8%
2001 46.1% 81.1% 30.5% 60.6%
2000 43.4% 77.2% 31.7% 60.8%
1999 53.6% 94.8% 28.2% 96.1%
1998 55% 101% 34.3% 110.6%
1997 52.6% 99.3% 34.2% 74.2%
1996 53.2% 100.3% 30.7% 114.9%
1995 52.8% 102.3% 24.1% 84.1%
1994 41.7% 110.2% 25.2% 73.3%
1993 42.2% 118.3% 25.8% 76.7%
1992 44.1% 119.6% 24.6% 78%
1991 34.4% 123.7% 24.7% 82.7%
1990 46.8% 138.3% 26.6% 91.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Israel's government spending was $237B, accounting for 43.8% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 67.6% in Israel and 70.9% in Yemen, ranking 62/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Yemen
1x
Year Deficit/surplus, % of GDP
Israel Yemen
2024 -8.26% -2.48%
2023 -5.06% -5.63%
2022 0.32% -2.15%
2021 -3.37% -0.89%
2020 -10.7% -4.3%
2019 -3.79% -5.89%
2018 -3.56% -7.85%
2017 -1.13% -4.9%
2016 -1.79% -8.51%
2015 -1.21% -8.75%
2014 -2.29% -4.14%
2013 -4.06% -6.9%
2012 -4.46% -6.32%
2011 -3.43% -4.51%
2010 -3.72% -4.06%
2009 -6.53% -10.2%
2008 -3.5% -4.53%
2007 -0.43% -7.18%
2006 -0.95% 1.19%
2005 -2.74% -1.82%
2004 -3.4% -2.15%
2003 -5.03% -4.2%
2002 -8.22% -0.56%
2001 -4.06% 2.79%
2000 -0.8% 6.09%
1999 -6.26% 0.06%
1998 -7.99% -7.77%
1997 -4.84% -1.5%
1996 -5.97% -0.92%
1995 -4.28% -5.74%
1994 -5.62% -14%
1993 -5.62% -12.8%
1992 -8% -10.9%
1991 -7.04% -5.76%
1990 -9.67% -10.3%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20).

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

In 2018, Israel's government deficit, the difference between spending and revenue, was $13.4B, equivalent to 3.56% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Israel recorded a fiscal deficit in 29 of those years, while Yemen ran a deficit in 25 years. On average, Israel posted an annual deficit equal to 4.37% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Israel

Yemen
1x
Year Consumer prices inflation
Israel Yemen
2024 3.07% 33.9%
2023 4.23% 0.9%
2022 4.41% 29.5%
2021 1.48% 31.5%
2020 -0.58% 21.7%
2019 0.82% 15.7%
2018 0.81% 33.6%
2017 0.25% 30.4%
2016 -0.54% 21.3%
2015 -0.62% 22%
2014 0.47% 8.2%
2013 1.59% 11%
2012 1.68% 9.9%
2011 3.49% 19.5%
2010 2.7% 11.2%
2009 3.37% 3.7%
2008 4.53% 19%
2007 0.47% 7.9%
2006 2.05% 10.8%
2005 1.34% 9.9%
2004 -0.42% 12.5%
2003 0.71% 10.8%
2002 5.8% 12.2%
2001 1.12% 11.9%
2000 1.03% 11%
1999 5.19% 7.9%
1998 5.49% 11.5%
1997 8.95% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Israel has recorded an average annual inflation rate of 2.25%, compared with 15.5% in Yemen. In 2024, inflation was 3.07% in Israel and 33.9% in Yemen.

Balance of trade

Israel Yemen
Current account balance
$15.5B
2024
-$2.42B
2016
Current account balance ranking
21/190
2024
148/190
2016
Current account balance, % of GDP
+2.86%
2024
-7.72%
2016
Goods imports
$96.3B
2024
$6.8B
2016
Goods exports
$70B
2024
$473M
2016
Service imports
$44.4B
2024
$1.46B
2016
Service exports
$83.7B
2024
$466M
2016
Imports of goods and services, % of GDP
26%
2024
47.3%
2018
Exports of goods and services, % of GDP
28.4%
2024
8.76%
2018

Economic freedom indices

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

Israel Yemen
Economic freedom 68.4 53.7
Economic freedom ranking 47/197 138/197
Property rights 73.1 3.5
Government integrity 66.2 6.2
Judicial effectiveness 68.1 9.9
Tax burden 60.2 93.7
Government spending 52 0
Fiscal health 60.8 71.2
Business freedom 72.4 31.3
Labor freedom 56.8 31.2
Monetary freedom 78.2 48.1
Trade freedom 82.8 67.4
Investment freedom 70 50
Financial freedom 80 30

Economic freedom comparison by year

Israel
Yemen
1x
Year Economic freedom index
Israel Yemen
2026 68.4 -
2025 69.9 -
2024 70.1 -
2023 68.9 -
2022 68 -
2021 73.8 -
2020 74 -
2019 72.8 -
2018 72.2 -
2017 69.7 -
2016 70.7 -
2015 70.5 53.7
2014 68.4 55.5
2013 66.9 55.9
2012 67.8 55.3
2011 68.5 54.2
2010 67.7 54.4
2009 67.6 56.9
2008 66.3 53.8
2007 64.8 54.1
2006 64.4 52.6
2005 62.6 53.8
2004 61.4 50.5
2003 62.7 50.3
2002 66.9 48.6
2001 66.1 44.3
2000 65.5 44.5
1999 68.3 43.3
1998 68 46.1
1997 62.7 48.4
1996 62 49.6
1995 61.5 49.8

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Yemen
Services, % of GDP
72.5%
2024
41.8%
2018
Industry, % of GDP
17.3%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
1.28%
2024
28.7%
2018
GNI, Atlas method
$528B
2024
$25.3B
2018
GNI per capita, PPP
$56,790
2024
$3,020
2013
Total reserves including gold
$215B
2024
$1.25B
2022
Total reserves ranking
18/177
2024
139/177
2022
Net foreign direct investment
-$4.86B
2024
$15.4M
2015
Net inflows of foreign direct investment
$14.8B
2024
-$371M
2019
Net outflows of foreign direct investment
$9.92B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
22%
2020
48.6%
2014
Gross capital formation, % of GDP
23.4%
2024
6.18%
2018

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/yemen | 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 (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. 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.

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.