Gross Domestic Product: Value Standard … Gross annual growth rate in Israel
Israel: Gross Domestic Product: Value Standard … Gross annual growth rate was 6.44 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Israel, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Israel is 6.44 % change on previous year, measured in 2024.
That represents a change of up 3.0% on the previous year and up 40.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Israel peaked at 389.29 % change on previous year in 1984 and was at its lowest, -0.4737 % change on previous year, in 2020.
Israel ranks 121st of 218 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.
Gross Domestic Product: Value Standard … Gross annual growth rate in Israel, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 26.96 % change on previous year | — |
| 1972 | 30.74 % change on previous year | +14.0% |
| 1973 | 29.07 % change on previous year | -5.4% |
| 1974 | 44.27 % change on previous year | +52.3% |
| 1975 | 41 % change on previous year | -7.4% |
| 1976 | 31.8 % change on previous year | -22.4% |
| 1977 | 43.03 % change on previous year | +35.3% |
| 1978 | 64.82 % change on previous year | +50.6% |
| 1979 | 87.84 % change on previous year | +35.5% |
| 1980 | 129.13 % change on previous year | +47.0% |
| 1981 | 136.62 % change on previous year | +5.8% |
| 1982 | 131.98 % change on previous year | -3.4% |
| 1983 | 158.32 % change on previous year | +20.0% |
| 1984 | 389.29 % change on previous year | +145.9% |
| 1985 | 279.25 % change on previous year | -28.3% |
| 1986 | 56.45 % change on previous year | -79.8% |
| 1987 | 28.76 % change on previous year | -49.1% |
| 1988 | 22.63 % change on previous year | -21.3% |
| 1989 | 19.39 % change on previous year | -14.4% |
| 1990 | 24.41 % change on previous year | +25.9% |
| 1991 | 29.41 % change on previous year | +20.5% |
| 1992 | 20.75 % change on previous year | -29.4% |
| 1993 | 15.66 % change on previous year | -24.5% |
| 1994 | 20.9 % change on previous year | +33.4% |
| 1995 | 22.7 % change on previous year | +8.6% |
| 1996 | 15.66 % change on previous year | -31.0% |
| 1997 | 12.14 % change on previous year | -22.5% |
| 1998 | 11.15 % change on previous year | -8.1% |
| 1999 | 9.7 % change on previous year | -13.1% |
| 2000 | 10.73 % change on previous year | +10.7% |
| 2001 | 1.99 % change on previous year | -81.4% |
| 2002 | 4.6 % change on previous year | +130.7% |
| 2003 | 0.8819 % change on previous year | -80.8% |
| 2004 | 4.86 % change on previous year | +451.5% |
| 2005 | 5.33 % change on previous year | +9.6% |
| 2006 | 7.12 % change on previous year | +33.7% |
| 2007 | 7.05 % change on previous year | -1.0% |
| 2008 | 4.61 % change on previous year | -34.6% |
| 2009 | 5.72 % change on previous year | +24.0% |
| 2010 | 6.79 % change on previous year | +18.8% |
| 2011 | 7.04 % change on previous year | +3.7% |
| 2012 | 5.95 % change on previous year | -15.5% |
| 2013 | 6.03 % change on previous year | +1.4% |
| 2014 | 4.58 % change on previous year | -24.0% |
| 2015 | 4.65 % change on previous year | +1.5% |
| 2016 | 4.82 % change on previous year | +3.7% |
| 2017 | 4.36 % change on previous year | -9.7% |
| 2018 | 4.72 % change on previous year | +8.3% |
| 2019 | 5.77 % change on previous year | +22.4% |
| 2020 | -0.4737 % change on previous year | -108.2% |
| 2021 | 11.87 % change on previous year | -2605.1% |
| 2022 | 11.42 % change on previous year | -3.8% |
| 2023 | 6.25 % change on previous year | -45.3% |
| 2024 | 6.44 % change on previous year | +3.0% |
Israel compared with similar countries
- Israel's 6.44 % change on previous year is above the median for high income countries, which is 4.65 % change on previous year, 1.4× the median. (72 countries reporting)
- Israel's 6.44 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.92 % change on previous year, 1.3× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate in Israel changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +2605.1% | -0.4737 % change on previous year | 11.87 % change on previous year |
| 2004 | +451.5% | 0.8819 % change on previous year | 4.86 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.39 % change on previous year | 26.96 % change on previous year | 87.84 % change on previous year | 9 |
| 1980s | 135.18 % change on previous year | 19.39 % change on previous year | 389.29 % change on previous year | 10 |
| 1990s | 18.25 % change on previous year | 9.7 % change on previous year | 29.41 % change on previous year | 10 |
| 2000s | 5.29 % change on previous year | 0.8819 % change on previous year | 10.73 % change on previous year | 10 |
| 2010s | 5.47 % change on previous year | 4.36 % change on previous year | 7.04 % change on previous year | 10 |
| 2020s | 7.1 % change on previous year | -0.4737 % change on previous year | 11.87 % change on previous year | 5 |
Countries ranked near Israel
- 118 China, Hong Kong SAR 6.48 % change on previous year compare
- 119 Mexico 6.46 % change on previous year compare
- 120 Portugal 6.44 % change on previous year compare
- 122 Iceland 6.4 % change on previous year compare
- 123 Nepal 6.37 % change on previous year compare
- 124 Luxembourg 6.31 % change on previous year compare
More economy & growth data for Israel
- Real gdp growth, annual growth rate 207.23 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 6.58 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0065 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 394.01 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.5 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0048 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 287.7 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.95 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Israel?
- Gross domestic product — value standard local currency, annual growth in Israel was 6.44 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Israel?
- The highest recorded value was 389.29 % change on previous year in 1984.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Israel?
- The lowest recorded value was -0.4737 % change on previous year in 2020.
- How does Israel rank for gross domestic product — value standard local currency, annual growth?
- Israel ranks 121st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Israel?
- Over the last ten years it is up 40.4%. The long-run trend across the full record is volatile.
- Where does this Israel data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.