Flag of il

Israel Debt to GDP Ratio

Israel's public debt-to-GDP ratio climbed to 69.0% in 2024, up from 61.3% in 2023. This increase is the highest since 2020, driven by approximately NIS 100 billion in government spending for the "Iron Swords" war and a 6.9% budget deficit. Market factors added another NIS 30 billion to the debt. The war alone caused a 7.7 percentage point rise in the debt-to-GDP ratio in 2024 and a 9.0 percentage point increase over the last two years. Israel's record low government debt to GDP was 58.8% in 2019 and record high was 284.0% in 1984.

Yearly Historical Data (1983-2024)

(in %)
Year Debt to GDP Ratio
2024 69%
2023 61.3%
2022 60.7%
2021 67.9%
2020 70.6%
2019 58.8%
2018 59.9%
2017 59.7%
2016 61.4%
2015 63.1%
2014 64.9%
2013 66%
2012 67.1%
2011 67.4%
2010 69.3%
2009 73%
2008 70.4%
2007 73%
2006 80%
2005 88.1%
2004 91.2%
2003 92.8%
2002 90.2%
2001 83.7%
2000 79.6%
1999 86.7%
1998 95.6%
1997 93.9%
1996 95.9%
1995 98%
1994 110.2%
1993 118.3%
1992 119.6%
1991 123.7%
1990 138.3%
1989 147.4%
1988 145.4%
1987 143.2%
1986 162.5%
1985 199%
1984 284%
1983 260.5%
Israel Debt to GDP Ratio : Definition
Israel's government debt to GDP shows its debt relative to its economic output. It's calculated by dividing the total government debt by the nation's gross domestic product. A lower ratio suggests better debt sustainability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 3.2% 3.7% Dec'24
Interest Rate 4.5% 4.5% Sep'25
Private Credit (% GDP) 69.55% 70.14% 2023