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Israel GDP Annual Growth Rate

Israel's GDP annual growth rate fell to 0.87% in 2024, down from 1.83% in 2023, according to World Bank. This represents a decrease of 0.96% from the previous year. Israel has GDP annual growth rate lower than the global median (0.87% vs median 3.24%). Compared with the median in Asia, Israel is lower (0.87% vs regional median 3.76%) and ranks 38th out of 47 countries in Asia.

Israel's real GDP rose to $417.38 billion in 2024, up from $413.77 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 0.87%
2023 1.83%
2022 6.26%
2021 9.39%
2020 -2.02%
2019 3.71%
2018 4%
2017 4.35%
2016 4.46%
2015 2.24%
2014 3.78%
2013 4.09%
2012 2.45%
2011 5.52%
2010 5.53%
2009 1.24%
2008 3.22%
2007 6.32%
2006 5.6%
2005 4.39%
2004 4.65%
2003 1.45%
2002 -0.13%
2001 0.28%
2000 8.58%
1999 3.3%
1998 4.11%
1997 3.61%
1996 5.84%
1995 6.6%
1994 7.43%
1993 4.12%
1992 7.76%
1991 7.73%
1990 7.32%
1989 0.57%
1988 2.91%
1987 7.14%
1986 4.19%
1985 4.04%
1984 0.93%
1983 3.36%
1982 2.08%
1981 5.34%
1980 1.67%
1979 6.21%
1978 5.56%
1977 1.04%
1976 0.32%
1975 3.24%
1974 6.48%
1973 5.59%
1972 12.15%
1971 10.95%
1970 7.31%
1969 13.57%
1968 16.24%
1967 3%
1966 -0.08%
1965 9%
1964 7.94%
1963 10.7%
1962 10.16%
1961 11.2%
Israel GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Israel's total economic output.
Indicator Last Value Prior Value Period
GDP $540.38B $512.18B 2024
GDP Growth Rate (QoQ) -1% 0.8% Jun'25
GDP Growth Rate (YoY) 1.5% 3.1% Jun'25
GDP per Capita $41,845.17 $42,011.62 2024
GDP per Capita PPP $47,338.84 $47,527.15 2024
R&D Expenditure (% GDP) 6.02% 5.78% 2022
Real GDP $417.38B $413.77B 2024