Israel GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Israel's GDP changed from approximately $25B 13M in 1980 to $530B 664M in 2024, showing an overall 2021.6% sharply increased during the period.
The lowest GDP was recorded in 1980 at $25B 13M, and the highest in 2024 at $530B 664M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.2%.
For comparison, the average annual growth rate of Iran was 3.7%, and that of Turkey was 5.7%.

Overview of Israel's GDP (1980–2024)

The Gross Domestic Product (GDP) of Israel recorded a 2021.6% sharply increased from 1980 to 2024.
The average GDP during this period was $188B 779M, and the median was $134B 622M.
GDP fluctuated within a range of $505B 651M, with a standard deviation of $150B 958M.
The average annual change was $10B 882M.


Israel GDP from 1980 to 2024

The total market value of goods and services produced annually in Israel.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $25B 13M
    • Highest GDP: 2024, $530B 664M
    • Most Recent GDP: 2024, $530B 664M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 2023: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Israel's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $399B 652M → $411B 731M
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $184B 69M → $212B 452M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $136B 228M → $134B 622M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $119B 248M → $120B 359M
    • Outcome: remained stable

    Key Economic Indicators of Israel (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 25B 13M
    $ 6,381.63
    $ 7,264.40
    $ 28B 473M
    3.568 %
    -3.514 %
    15.06 %
    0 %
    3M 920K people
    1981
    $ 26B 503M
    $ 6,713.67
    $ 8,268.04
    $ 32B 639M
    4.723 %
    -5.147 %
    12.19 %
    0 %
    3M 948K people
    1982
    $ 28B 404M
    $ 7,068.39
    $ 8,746.99
    $ 35B 150M
    1.424 %
    -7.95 %
    11.81 %
    0 %
    4M 18K people
    1983
    $ 31B 678M
    $ 7,719.13
    $ 9,130.63
    $ 37B 471M
    2.586 %
    -7.478 %
    13.09 %
    0 %
    4M 104K people
    1984
    $ 29B 989M
    $ 7,214.51
    $ 9,546.06
    $ 39B 681M
    2.21 %
    -5.245 %
    13.61 %
    0 %
    4M 157K people
    1985
    $ 27B 873M
    $ 6,588.30
    $ 10,106.66
    $ 42B 758M
    4.451 %
    3.555 %
    19.44 %
    0 %
    4M 231K people
    1986
    $ 34B 314M
    $ 7,986.56
    $ 10,512.80
    $ 45B 167M
    3.551 %
    3.73 %
    20.16 %
    0 %
    4M 296K people
    1987
    $ 40B 984M
    $ 9,386.02
    $ 11,394.47
    $ 49B 754M
    7.49 %
    -3.431 %
    12.77 %
    0 %
    4M 366K people
    1988
    $ 50B 770M
    $ 11,436.54
    $ 12,016.47
    $ 53B 344M
    3.564 %
    -1.639 %
    14.50 %
    0 %
    4M 439K people
    1989
    $ 51B 657M
    $ 11,439.34
    $ 12,450.48
    $ 56B 223M
    1.419 %
    0.414 %
    16.01 %
    0 %
    4M 516K people
    1990
    $ 60B 955M
    $ 13,087.18
    $ 13,353.48
    $ 62B 196M
    6.633 %
    0.277 %
    17.71 %
    0 %
    4M 658K people
    1991
    $ 69B 146M
    $ 13,979.06
    $ 13,599.53
    $ 67B 268M
    4.618 %
    -1.841 %
    20.75 %
    0 %
    4M 946K people
    1992
    $ 77B 265M
    $ 15,080.51
    $ 14,389.30
    $ 73B 724M
    7.155 %
    -1.126 %
    21.49 %
    0 %
    5M 124K people
    1993
    $ 77B 656M
    $ 14,766.41
    $ 14,892.17
    $ 78B 318M
    3.771 %
    -3.195 %
    19.62 %
    0 %
    5M 259K people
    1994
    $ 88B 646M
    $ 16,432.31
    $ 15,867.35
    $ 85B 598M
    7.011 %
    -3.846 %
    18.38 %
    0 %
    5M 395K people
    1995
    $ 105B 307M
    $ 19,002.68
    $ 17,292.41
    $ 95B 829M
    9.654 %
    -4.714 %
    24.09 %
    0 %
    5M 542K people
    1996
    $ 114B 868M
    $ 20,216.77
    $ 18,182.82
    $ 103B 312M
    5.87 %
    -4.659 %
    24.43 %
    0 %
    5M 682K people
    1997
    $ 119B 248M
    $ 20,476.93
    $ 18,723.81
    $ 109B 39M
    3.755 %
    -3.055 %
    24.83 %
    0 %
    5M 824K people
    1998
    $ 120B 359M
    $ 20,169.75
    $ 19,229.12
    $ 114B 746M
    4.064 %
    -0.973 %
    25.24 %
    0 %
    5M 967K people
    1999
    $ 121B 167M
    $ 19,806.86
    $ 19,654.76
    $ 120B 236M
    3.323 %
    -1.27 %
    25.25 %
    0 %
    6M 117K people