Current account balance as a share of GDP in Israel
Israel: Current account balance as a share of GDP was 2.9% in 2024. ◆ Volatile
Current account balance as a share of GDP in Israel, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Israel recorded 2.9% for current account balance as a share of gdp in 2024.
Compared with earlier readings it is down 6.8% on the previous year and down 17.3% over ten years.
Over the whole period, current account balance as a share of gdp in Israel peaked at 4.6% in 2015 and was at its lowest, -2.6%, in 2001.
Israel ranks 56th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a share of GDP in Israel, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.4% | — |
| 2001 | -2.6% | +9.7% |
| 2002 | -2.3% | -12.0% |
| 2003 | -0.6% | -75.9% |
| 2004 | 0.8% | -252.7% |
| 2005 | 2.2% | +164.3% |
| 2006 | 3.3% | +47.7% |
| 2007 | 2.1% | -34.5% |
| 2008 | 0.4% | -80.0% |
| 2009 | 2.8% | +558.1% |
| 2010 | 2.7% | -4.9% |
| 2011 | 1.0% | -64.3% |
| 2012 | -0.3% | -132.3% |
| 2013 | 2.2% | -822.6% |
| 2014 | 3.5% | +54.5% |
| 2015 | 4.6% | +32.4% |
| 2016 | 3.2% | -31.0% |
| 2017 | 3.1% | -0.3% |
| 2018 | 2.4% | -23.2% |
| 2019 | 2.9% | +19.4% |
| 2020 | 3.7% | +29.4% |
| 2021 | 3.0% | -19.3% |
| 2022 | 2.7% | -10.9% |
| 2023 | 3.1% | +14.1% |
| 2024 | 2.9% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4% | -2.6% | 3.3% | 10 |
| 2010s | 2.5% | -0.3% | 4.6% | 10 |
| 2020s | 3.1% | 2.7% | 3.7% | 5 |
Countries ranked near Israel
More economy & growth data for Israel
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.56 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.64 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1452 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 7,875 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual -1.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.5528 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 29,971 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 6.2 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7285 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Israel?
- Current account balance as a share of gdp in Israel was 2.9% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Israel?
- The highest recorded value was 4.6% in 2015.
- What is the lowest current account balance as a share of gdp recorded in Israel?
- The lowest recorded value was -2.6% in 2001.
- How does Israel rank for current account balance as a share of gdp?
- Israel ranks 56th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Israel?
- Over the last ten years it is down 17.3%. The long-run trend across the full record is volatile.
- Where does this Israel data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).