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Israel GDP

Israel's GDP rose to $540.38 billion in 2024, up from $512.18 billion in 2023, according to World Bank. This represents an increase of 5.5% ($28.2 billion) from the previous year and accounts for 0.49% of the world's total GDP. Israel has GDP higher than the global median ($540.38 billion vs median $35.85 billion). Compared with the median in Asia, Israel is higher ($540.38 billion vs regional median $98.96 billion) and ranks 8th out of 47 countries in Asia.

Israel's GDP per capita fell to $41,845.17 in 2024, down from $42,011.62 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 540.38
2023 512.18
2022 525.18
2021 489.85
2020 410.77
2019 400.65
2018 376.3
2017 358.45
2016 321.94
2015 303.47
2014 315.02
2013 298.48
2012 263.59
2011 268.09
2010 239.68
2009 213.4
2008 221.23
2007 184.68
2006 158.9
2005 147.52
2004 140.05
2003 131.41
2002 125.33
2001 135
2000 136.51
1999 121.42
1998 120.55
1997 119.46
1996 115.12
1995 105.5
1994 90.74
1993 79.86
1992 79.46
1991 71
1990 62.02
1989 52.44
1988 52.65
1987 43.05
1986 35.83
1985 28.91
1984 30.65
1983 32.68
1982 29.26
1981 26.88
1980 25.4
1979 22.61
1978 17.7
1977 18.26
1976 15.96
1975 16.14
1974 17.17
1973 11.9
1972 9.22
1971 7.05
1970 7.41
1969 6.3
1968 5.46
1967 4.76
1966 4.7
1965 4.33
1964 4.02
1963 3.54
1962 2.97
1961 3.71
1960 3.07
Israel GDP : Definition
GDP measures the total value of all goods and services produced in Israel, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.87% 1.83% 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