Skip to content

Economy of Israel vs Zambia compared: GDP & Debt

Updated on by Georank

Israel has a GDP of $611B compared to $28.9B for Zambia, ranking 27/197 and 116/197 by economy size, respectively.

Israel has $418B in government debt (68.5% of GDP), compared to $24.8B (86% of GDP) in Zambia.

Israel vs Zambia GDP by year

Israel
Zambia
1x
Year GDP, current $
Israel Zambia
2025 $610,777,842,874 $28,879,806,220
2024 $542,284,494,491 $25,303,185,342
2023 $513,393,395,492 $27,577,956,471
2022 $525,157,951,213 $29,163,782,140
2021 $489,735,019,666 $22,096,416,932
2020 $410,908,899,711 $18,137,764,931
2019 $399,207,771,082 $23,308,667,781
2018 $375,470,422,244 $26,311,507,274
2017 $357,360,816,857 $25,873,601,261
2016 $321,083,954,798 $20,958,412,538
2015 $302,841,190,258 $21,251,216,799
2014 $314,376,760,832 $27,141,023,558
2013 $298,045,324,736 $28,037,239,463
2012 $263,172,104,091 $25,503,060,420
2011 $267,739,352,609 $23,459,515,276
2010 $239,372,857,534 $20,265,559,484
2009 $213,112,649,594 $15,328,342,304
2008 $220,952,472,408 $17,910,858,638
2007 $184,448,882,452 $14,056,957,976
2006 $158,706,516,002 $12,756,858,899
2005 $147,346,035,831 $8,331,870,169
2004 $139,925,423,025 $6,221,110,219
2003 $131,278,887,815 $4,901,869,764
2002 $125,215,963,105 $4,193,850,445
2001 $134,889,159,474 $4,094,441,301
2000 $136,409,902,632 $3,600,632,111
1999 $121,329,240,042 $3,404,284,891
1998 $120,468,659,246 $3,537,741,942
1997 $119,389,303,067 $4,303,288,480
1996 $115,051,957,577 $3,597,220,962
1995 $105,432,315,611 $3,806,983,413
1994 $90,684,108,118 $3,656,806,166
1993 $79,806,598,120 $3,273,505,344
1992 $79,408,652,426 $3,182,810,841
1991 $70,954,941,681 $3,376,806,697
1990 $61,978,459,022 $3,288,381,797
1989 $52,411,116,588 $3,994,673,161
1988 $52,618,458,014 $3,728,878,149
1987 $43,022,977,765 $2,265,250,972
1986 $35,812,041,620 $1,664,413,508
1985 $28,887,898,639 $2,252,454,500
1984 $30,626,695,891 $2,719,518,933
1983 $32,655,591,256 $3,321,048,451
1982 $29,237,231,967 $3,871,117,093
1981 $26,865,420,933 $4,008,126,497
1980 $25,379,585,067 $3,884,530,854
1979 $22,595,788,591 $3,353,445,378
1978 $17,690,363,444 $2,811,032,473
1977 $18,245,847,441 $2,515,296,940
1976 $15,946,502,888 $2,742,859,263
1975 $16,131,806,290 $2,442,672,141
1974 $17,162,009,924 $2,910,981,262
1973 $11,895,229,181 $2,434,255,237
1972 $9,216,866,299 $1,872,416,680
1971 $7,048,191,876 $1,653,259,341
1970 $7,402,142,195 $1,788,779,285
1969 $6,293,966,357 $1,926,399,230
1968 $5,455,059,532 $1,573,739,371
1967 $4,759,447,914 $1,340,639,464
1966 $4,700,397,692 $1,238,999,505
1965 $4,326,412,951 $1,061,199,576
1964 $4,021,861,430 $822,639,671
1963 $3,533,767,055 $704,339,719
1962 $2,964,323,618 $679,279,729
1961 $3,706,297,903 $682,359,727
1960 $3,068,690,949 $698,739,721

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Israel vs Zambia by year

Israel
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Israel Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,337 - $1,318 -
2024 $54,217 $57,236 $1,187 $4,215
2023 $52,126 $55,171 $1,331 $4,077
2022 $54,947 $53,619 $1,447 $3,841
2021 $52,258 $46,162 $1,127 $3,503
2020 $44,591 $40,955 $952 $3,157
2019 $44,092 $41,325 $1,259 $3,361
2018 $42,269 $40,190 $1,464 $3,442
2017 $41,013 $39,471 $1,483 $3,392
2016 $37,571 $38,189 $1,239 $3,313
2015 $36,138 $35,871 $1,296 $3,337
2014 $38,265 $34,816 $1,707 $3,441
2013 $36,981 $34,827 $1,821 $3,477
2012 $33,269 $32,484 $1,710 $3,324
2011 $34,477 $31,314 $1,625 $3,228
2010 $31,399 $29,456 $1,451 $3,098
2009 $28,470 $28,087 $1,136 $2,872
2008 $30,231 $28,084 $1,376 $2,708
2007 $25,689 $28,307 $1,119 $2,555
2006 $22,500 $26,385 $1,052 $2,378
2005 $21,262 $25,701 $711 $2,213
2004 $20,550 $26,078 $549 $2,068
2003 $19,624 $24,702 $446 $1,942
2002 $19,059 $26,101 $394 $1,837
2001 $20,949 $25,806 $397 $1,785
2000 $21,690 $25,766 $359 $1,709
1999 $19,809 $23,415 $350 $1,654
1998 $20,176 $22,927 $373 $1,601
1997 $20,457 $22,279 $466 $1,631
1996 $20,213 $21,672 $400 $1,585
1995 $19,014 $20,642 $433 $1,501
1994 $16,796 $19,478 $426 $1,464
1993 $15,169 $18,218 $391 $1,607
1992 $15,500 $17,553 $389 $1,505
1991 $14,337 $16,486 $423 $1,534
1990 $13,300 $15,721 $422 $1,522
1989 $11,601 - $526 -
1988 $11,846 - $504 -
1987 $9,847 - $315 -
1986 $8,330 - $238.2 -
1985 $6,824 - $332 -
1984 $7,364 - $413 -
1983 $7,955 - $520 -
1982 $7,253 - $627 -
1981 $6,791 - $670 -
1980 $6,545 - $669 -
1979 $5,968 - $595 -
1978 $4,794 - $514 -
1977 $5,050 - $474 -
1976 $4,514 - $533 -
1975 $4,669 - $490 -
1974 $5,082 - $601 -
1973 $3,629 - $518 -
1972 $2,928 - $410 -
1971 $2,297 - $372 -
1970 $2,489 - $414 -
1969 $2,188 - $459 -
1968 $1,946 - $387 -
1967 $1,734 - $341 -
1966 $1,788 - $325 -
1965 $1,688 - $287.4 -
1964 $1,625 - $230 -
1963 $1,485 - $203.2 -
1962 $1,293 - $202.3 -
1961 $1,696 - $209.7 -
1960 $1,452 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Israel's GDP per capita is $60,337, ranking 19/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Israel ranks 36th at $57,236, while Zambia ranks 166th at $4,215.

Economic indicators

Israel Zambia
Gross domestic product
$611B
2025
$28.9B
2025
GDP rank
27/197
2025
116/197
2025
GDP growth
2.93%
2024-2025
3.76%
2024-2025
GDP per capita
$60,337
2025
$1,318
2025
GDP per capita rank
19/197
2025
170/197
2025
GDP per capita, PPP
$57,236
2024
$4,215
2024
GDP per capita PPP rank
36/197
2024
166/197
2024
Government debt
$418B
2025
$24.8B
2025
Debt-to-GDP ratio
68.5%
2025
86%
2025
Government debt per person
$41,338
2025
$1,133
2025
Government debt per person rank
16/185
2025
140/185
2025
Average annual personal income after taxes
$48,251
2026
$1,538
2026
Market capitalization of domestic companies
$331B
2024
$14.9B
2025
Number of millionaires
195,000
2026
n/a
Number of billionaires
42
2026
n/a
Income share by richest 10%
27%
2022
39.1%
2022
Income share by poorest 10%
1.8%
2022
1.5%
2022
Government expenditure, % of GDP
43.6%
2025
29.7%
2025
Consumer prices inflation
3.04%
2024-2025
13.9%
2024-2025
Central bank interest rate
3.75%
2026
13.3%
2026
Unemployment rate
3%
2025
5.67%
2024
Population
10334048
22844606

Spending and national debt comparison by year

Israel
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Israel Zambia
Government spending Government debt Government spending Government debt
2025 43.6% 68.5% 29.7% 86%
2024 43.7% 67.7% 26.5% 125.2%
2023 39.6% 61.3% 27.4% 129.1%
2022 36.9% 60.3% 28.2% 99.5%
2021 40.1% 67.7% 30.5% 111%
2020 44.8% 71.1% 34% 140%
2019 38.7% 59.3% 29.8% 103.3%
2018 39.2% 60.1% 27.7% 81.2%
2017 38.4% 59.8% 25% 66.6%
2016 37.9% 61.7% 23.9% 61.2%
2015 37.6% 62.8% 27.6% 61.9%
2014 38.3% 65.8% 24.3% 33.9%
2013 39.7% 66% 24% 25.9%
2012 39.6% 66.9% 21.9% 24.9%
2011 39.3% 67.2% 19.5% 20.8%
2010 39.7% 69% 18.1% 18.9%
2009 41.4% 72.6% 17.8% 20.5%
2008 41.2% 70.2% 19.5% 19.2%
2007 40.2% 70.8% 19.9% 21.9%
2006 41.6% 77.7% 19.7% 25%
2005 42.3% 85.2% 22.5% 75.7%
2004 43% 88.3% 23.3% 129.9%
2003 45.4% 89.7% 27.3% 159.5%
2002 50% 87.2% 27.6% 180.2%
2001 46.1% 81.1% 28% 210.2%
2000 43.4% 77.2% 21.4% 261%
1999 53.6% 94.8% - -
1998 55% 101% - -
1997 52.6% 99.3% - -
1996 53.2% 100.3% - -
1995 52.8% 102.3% - -
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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Israel's government spending was $266B, accounting for 43.6% of its GDP, while Zambia spent $8.58B, or 29.7% of GDP.

Debt-to-GDP ratio is 68.5% in Israel and 86% in Zambia, ranking 60/185 and 35/185, respectively.

Government deficit by year

Deficit/surplus
Israel

Zambia
1x
Year Deficit/surplus, % of GDP
Israel Zambia
2025 -5.22% -3.83%
2024 -8.07% -3.46%
2023 -5.38% -5.48%
2022 0.3% -7.82%
2021 -3.37% -8.13%
2020 -10.6% -13.8%
2019 -3.79% -9.41%
2018 -3.58% -8.31%
2017 -1.17% -7.5%
2016 -1.78% -5.69%
2015 -1.2% -8.88%
2014 -2.28% -5.43%
2013 -4.07% -6.4%
2012 -4.46% -3.16%
2011 -3.43% -1.78%
2010 -3.72% -2.43%
2009 -6.53% -2.06%
2008 -3.49% -0.67%
2007 -0.43% -1.04%
2006 -0.94% 16.9%
2005 -2.74% -2.37%
2004 -3.4% -2.51%
2003 -5.03% -5.31%
2002 -8.21% -4.5%
2001 -4.06% -5.89%
2000 -0.8% 1.16%
1999 -6.26% -
1998 -7.99% -
1997 -4.84% -
1996 -5.97% -
1995 -4.28% -
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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/israel/zambia | 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 Zambia's deficit of $1.11B, or 3.83% of GDP.

Over the past 26 years, Israel recorded a fiscal deficit in 25 of those years, while Zambia ran a deficit in 24 years. On average, Israel posted an annual deficit equal to 3.75% of GDP, compared to deficit of 4.14% of GDP for Zambia.

Inflation comparison by year

Inflation
Israel

Zambia
1x
Year Consumer prices inflation
Israel Zambia
2025 3.04% 13.9%
2024 3.07% 15%
2023 4.23% 10.9%
2022 4.41% 11%
2021 1.48% 22%
2020 -0.58% 15.7%
2019 0.82% 9.2%
2018 0.81% 7.5%
2017 0.25% 6.6%
2016 -0.54% 17.9%
2015 -0.62% 10.1%
2014 0.47% 7.8%
2013 1.59% 7%
2012 1.68% 6.6%
2011 3.49% 8.7%
2010 2.7% 8.5%
2009 3.37% 13.4%
2008 4.53% 12.4%
2007 0.47% 10.7%
2006 2.05% 9%
2005 1.34% 18.3%
2004 -0.42% 18%
2003 0.71% 21.4%
2002 5.8% 22.2%
2001 1.12% 21.4%
2000 1.03% 24.1%
1999 5.19% 23.9%
1998 5.49% 22.7%
1997 8.95% 21.4%

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/zambia | CC BY

Over the past 29 years, Israel has recorded an average annual inflation rate of 2.27%, compared with 14.4% in Zambia. In 2025, inflation was 3.04% in Israel and 13.9% in Zambia.

Top exports between countries

Israel
Export category Export value
Raw agricultural goods $1.03M
Machinery & equipment $758K
Chemicals & pharma $421K
Metals $215K
Textiles & consumer goods $119K
Raw materials & minerals $78K
Processed food, beverages & tobacco $7K
Wood & paper products $2K
Miscellaneous $1K
Zambia
Export category Export value
Metals $296K
Raw materials & minerals $56K
Chemicals & pharma $40K
Precious metals & jewellery $9K
Miscellaneous $8K
Machinery & equipment $4K

Balance of trade

Israel Zambia
Current account balance
$8.53B
2025
-$1.12B
2024
Current account balance ranking
26/190
2025
121/190
2024
Current account balance, % of GDP
+1.4%
2025
-4.41%
2024
Goods imports
$102B
2025
$10.1B
2024
Goods exports
$76.2B
2025
$11.4B
2024
Service imports
$53.2B
2025
$1.99B
2024
Service exports
$92.4B
2025
$1.38B
2024
Imports of goods and services, % of GDP
25.4%
2025
27.6%
2024
Exports of goods and services, % of GDP
27.6%
2025
35%
2024

Economic freedom indices

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

Israel Zambia
Economic freedom 68.4 51.9
Economic freedom ranking 47/197 152/197
Property rights 73.1 43.9
Government integrity 66.2 39.3
Judicial effectiveness 68.1 45
Tax burden 60.2 74.3
Government spending 52 78.1
Fiscal health 60.8 30.9
Business freedom 72.4 53.4
Labor freedom 56.8 48.8
Monetary freedom 78.2 66.6
Trade freedom 82.8 62.8
Investment freedom 70 40
Financial freedom 80 40

Economic freedom comparison by year

Israel
Zambia
1x
Year Economic freedom index
Israel Zambia
2026 68.4 51.9
2025 69.9 50.9
2024 70.1 48.4
2023 68.9 47.8
2022 68 48.7
2021 73.8 50.4
2020 74 53.5
2019 72.8 53.6
2018 72.2 54.3
2017 69.7 55.8
2016 70.7 58.8
2015 70.5 58.7
2014 68.4 60.4
2013 66.9 58.7
2012 67.8 58.3
2011 68.5 59.7
2010 67.7 58
2009 67.6 56.6
2008 66.3 56.2
2007 64.8 56.2
2006 64.4 56.8
2005 62.6 55
2004 61.4 54.9
2003 62.7 55.3
2002 66.9 59.6
2001 66.1 59.5
2000 65.5 62.8
1999 68.3 64.2
1998 68 62.7
1997 62.7 62.1
1996 62 59.6
1995 61.5 55.1

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

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

The Economic Freedom Index for Israel is 68.4, ranking 47/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Israel Zambia
Services, % of GDP
72.8%
2024
57%
2025
Industry, % of GDP
17.2%
2024
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.29%
2024
4.11%
2025
GNI, Atlas method
$569B
2025
$26.2B
2025
GNI per capita, PPP
$58,870
2025
$3,990
2025
Total reserves including gold
$229B
2025
$4.09B
2024
Total reserves ranking
18/177
2025
111/177
2024
Net foreign direct investment
-$11.8B
2025
-$2.05B
2024
Net inflows of foreign direct investment
$14.8B
2024
$2.36B
2024
Net outflows of foreign direct investment
$9.92B
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
22%
2020
60%
2022
Gross capital formation, % of GDP
24.3%
2025
23.8%
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/zambia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, 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 (2020–2025, 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.

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.