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Israel Real GDP

Israel's real GDP rose to $417.38 billion in 2024, up from $413.77 billion in 2023, according to World Bank. This represents an increase of 0.9% ($3.61 billion) from the previous year and accounts for 0.43% of the world's total real GDP. Israel has real GDP higher than the global median ($417.38 billion vs median $29.34 billion). Compared with the median in Asia, Israel is higher ($417.38 billion vs regional median $91.45 billion) and ranks 12th 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 Real GDP (Billion USD)
2024 417.38
2023 413.77
2022 406.35
2021 382.4
2020 349.58
2019 356.79
2018 344.03
2017 330.78
2016 317
2015 303.47
2014 296.83
2013 286.03
2012 274.8
2011 268.24
2010 254.21
2009 240.88
2008 237.93
2007 230.5
2006 216.8
2005 205.3
2004 196.67
2003 187.93
2002 185.25
2001 185.5
2000 184.98
1999 170.36
1998 164.92
1997 158.41
1996 152.89
1995 144.45
1994 135.5
1993 126.13
1992 121.15
1991 112.42
1990 104.36
1989 97.25
1988 96.69
1987 93.96
1986 87.7
1985 84.17
1984 80.9
1983 80.16
1982 77.55
1981 75.97
1980 72.12
1979 70.93
1978 66.79
1977 63.27
1976 62.62
1975 62.42
1974 60.46
1973 56.78
1972 53.78
1971 47.95
1970 43.22
1969 40.28
1968 35.47
1967 30.51
1966 29.62
1965 29.65
1964 27.2
1963 25.2
1962 22.76
1961 20.67
1960 18.58
Israel Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Israel, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $540.38B $512.18B 2024
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