[ Nominal GDP in billions of USD ]
Year -
$540.38 billions
Israel GDP expanded from 1960 to 2024, increasing from $3.07 billion to $540.38 billion.The compound annual growth rate (CAGR) averaged 8.41% over the period. The economy recorded its peak level in 2024 and its lowest level in 1962. Growth volatility remained high. The maximum drawdown reached 19.95%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 540.38 Billions | $ 555.48 Int Billions |
| Growth (YoY) | 5.505% | 5.615% |
| Net Change vs Previous Year | $ 28.20 Billion | $ 29.53 Int Billion |
| % of World GDP | 0.49% | 0.28% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 3.07 | - | - | - | - | - |
| 1961 | 3.71 | 0.64 | 20.778 % | - | - | - |
| 1962 | 2.97 | -0.74 | -20.019 % | - | - | - |
| 1963 | 3.54 | 0.57 | 19.21 % | - | - | - |
| 1964 | 4.02 | 0.49 | 13.812 % | - | - | - |
| 1965 | 4.33 | 0.3 | 7.572 % | - | - | - |
| 1966 | 4.7 | 0.37 | 8.644 % | - | - | - |
| 1967 | 4.76 | 0.06 | 1.256 % | - | - | - |
| 1968 | 5.46 | 0.7 | 14.615 % | - | - | - |
| 1969 | 6.3 | 0.84 | 15.379 % | - | - | - |
| 1970 | 7.41 | 1.11 | 17.607 % | - | - | - |
| 1971 | 7.05 | -0.35 | -4.782 % | - | - | - |
| 1972 | 9.22 | 2.17 | 30.769 % | - | - | - |
| 1973 | 11.9 | 2.68 | 29.059 % | - | - | - |
| 1974 | 17.17 | 5.27 | 44.276 % | - | - | - |
| 1975 | 16.14 | -1.03 | -6.003 % | - | - | - |
| 1976 | 15.96 | -0.19 | -1.149 % | - | - | - |
| 1977 | 18.26 | 2.3 | 14.419 % | - | - | - |
| 1978 | 17.7 | -0.56 | -3.044 % | - | - | - |
| 1979 | 22.61 | 4.91 | 27.729 % | - | - | - |
| 1980 | 25.4 | 2.79 | 12.32 % | - | - | - |
| 1981 | 26.88 | 1.49 | 5.854 % | - | - | - |
| 1982 | 29.26 | 2.37 | 8.828 % | - | - | - |
| 1983 | 32.68 | 3.42 | 11.692 % | - | - | - |
| 1984 | 30.65 | -2.03 | -6.213 % | - | - | - |
| 1985 | 28.91 | -1.74 | -5.677 % | - | - | - |
| 1986 | 35.83 | 6.93 | 23.969 % | - | - | - |
| 1987 | 43.05 | 7.22 | 20.136 % | - | - | - |
| 1988 | 52.65 | 9.6 | 22.303 % | - | - | - |
| 1989 | 52.44 | -0.21 | -0.394 % | - | - | - |
| 1990 | 62.02 | 9.57 | 18.254 % | 73.15 | - | - |
| 1991 | 71 | 8.98 | 14.483 % | 81.46 | 8.32 | 11.369 % |
| 1992 | 79.46 | 8.46 | 11.914 % | 89.79 | 8.32 | 10.215 % |
| 1993 | 79.86 | 0.4 | 0.501 % | 95.7 | 5.91 | 6.585 % |
| 1994 | 90.74 | 10.88 | 13.63 % | 105 | 9.3 | 9.722 % |
| 1995 | 105.5 | 14.76 | 16.263 % | 114.28 | 9.28 | 8.838 % |
| 1996 | 115.12 | 9.62 | 9.119 % | 123.25 | 8.97 | 7.848 % |
| 1997 | 119.46 | 4.34 | 3.773 % | 130.03 | 6.78 | 5.503 % |
| 1998 | 120.55 | 1.09 | 0.91 % | 136.81 | 6.78 | 5.213 % |
| 1999 | 121.42 | 0.87 | 0.722 % | 143.42 | 6.61 | 4.83 % |
| 2000 | 136.51 | 15.1 | 12.432 % | 162.15 | 18.73 | 13.06 % |
| 2001 | 135 | -1.51 | -1.106 % | 166.21 | 4.06 | 2.504 % |
| 2002 | 125.33 | -9.67 | -7.163 % | 171.49 | 5.27 | 3.174 % |
| 2003 | 131.41 | 6.08 | 4.849 % | 165.09 | -6.39 | -3.729 % |
| 2004 | 140.05 | 8.64 | 6.574 % | 177.52 | 12.43 | 7.527 % |
| 2005 | 147.52 | 7.47 | 5.335 % | 178.11 | 0.59 | 0.333 % |
| 2006 | 158.9 | 11.38 | 7.715 % | 185.98 | 7.86 | 4.416 % |
| 2007 | 184.68 | 25.78 | 16.224 % | 202.95 | 16.98 | 9.129 % |
| 2008 | 221.23 | 36.55 | 19.791 % | 205.26 | 2.31 | 1.137 % |
| 2009 | 213.4 | -7.83 | -3.539 % | 210.32 | 5.07 | 2.468 % |
| 2010 | 239.68 | 26.28 | 12.313 % | 224.56 | 14.24 | 6.768 % |
| 2011 | 268.1 | 28.42 | 11.856 % | 243.18 | 18.62 | 8.291 % |
| 2012 | 263.59 | -4.51 | -1.681 % | 256.96 | 13.79 | 5.669 % |
| 2013 | 298.48 | 34.89 | 13.236 % | 280.69 | 23.73 | 9.234 % |
| 2014 | 315.02 | 16.54 | 5.541 % | 286.04 | 5.35 | 1.906 % |
| 2015 | 303.47 | -11.55 | -3.666 % | 300.59 | 14.55 | 5.085 % |
| 2016 | 321.94 | 18.47 | 6.087 % | 326.37 | 25.78 | 8.576 % |
| 2017 | 358.45 | 36.51 | 11.341 % | 343.92 | 17.56 | 5.38 % |
| 2018 | 376.3 | 17.85 | 4.979 % | 357 | 13.08 | 3.803 % |
| 2019 | 400.65 | 24.35 | 6.47 % | 374.16 | 17.16 | 4.806 % |
| 2020 | 410.77 | 10.12 | 2.527 % | 377.41 | 3.25 | 0.868 % |
| 2021 | 489.85 | 79.08 | 19.253 % | 432.6 | 55.2 | 14.625 % |
| 2022 | 525.18 | 35.33 | 7.212 % | 511.94 | 79.34 | 18.339 % |
| 2023 | 512.19 | -13 | -2.475 % | 525.95 | 14.01 | 2.736 % |
| 2024 | 540.38 | 28.2 | 5.505 % | 555.48 | 29.53 | 5.615 % |
Between 1960 to 2024, Israel experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 44.276%, while the largest decline was in 1962 at -20.019%.