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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
