Gross Domestic Product — Value Standard Local Currency in Israel
Israel: Gross Domestic Product — Value Standard Local Currency was 2.00 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Israel, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Israel recorded 2.00 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 6.4% on the previous year and up 77.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Israel peaked at 2.00 million million SLC in 2024 and was at its lowest, 2.11 million SLC, in 1970.
Israel ranks 88th 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 Local Currency in Israel, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2.11 million SLC | — |
| 1971 | 2.68 million SLC | +27.0% |
| 1972 | 3.5 million SLC | +30.7% |
| 1973 | 4.51 million SLC | +29.1% |
| 1974 | 6.51 million SLC | +44.3% |
| 1975 | 9.18 million SLC | +41.0% |
| 1976 | 12.1 million SLC | +31.8% |
| 1977 | 17.31 million SLC | +43.0% |
| 1978 | 28.53 million SLC | +64.8% |
| 1979 | 53.59 million SLC | +87.8% |
| 1980 | 122.8 million SLC | +129.1% |
| 1981 | 290.56 million SLC | +136.6% |
| 1982 | 674.03 million SLC | +132.0% |
| 1983 | 1,741 million SLC | +158.3% |
| 1984 | 8,519 million SLC | +389.3% |
| 1985 | 32,310 million SLC | +279.3% |
| 1986 | 50,549 million SLC | +56.5% |
| 1987 | 65,086 million SLC | +28.8% |
| 1988 | 79,817 million SLC | +22.6% |
| 1989 | 95,290 million SLC | +19.4% |
| 1990 | 118,553 million SLC | +24.4% |
| 1991 | 153,421 million SLC | +29.4% |
| 1992 | 185,260 million SLC | +20.8% |
| 1993 | 214,278 million SLC | +15.7% |
| 1994 | 259,056 million SLC | +20.9% |
| 1995 | 317,850 million SLC | +22.7% |
| 1996 | 367,619 million SLC | +15.7% |
| 1997 | 412,253 million SLC | +12.1% |
| 1998 | 458,236 million SLC | +11.2% |
| 1999 | 502,667 million SLC | +9.7% |
| 2000 | 556,623 million SLC | +10.7% |
| 2001 | 567,720 million SLC | +2.0% |
| 2002 | 593,832 million SLC | +4.6% |
| 2003 | 599,069 million SLC | +0.9% |
| 2004 | 628,204 million SLC | +4.9% |
| 2005 | 661,675 million SLC | +5.3% |
| 2006 | 708,810 million SLC | +7.1% |
| 2007 | 758,788 million SLC | +7.1% |
| 2008 | 793,780 million SLC | +4.6% |
| 2009 | 839,166 million SLC | +5.7% |
| 2010 | 896,154 million SLC | +6.8% |
| 2011 | 959,278 million SLC | +7.0% |
| 2012 | 1.02 million million SLC | +6.0% |
| 2013 | 1.08 million million SLC | +6.0% |
| 2014 | 1.13 million million SLC | +4.6% |
| 2015 | 1.18 million million SLC | +4.7% |
| 2016 | 1.24 million million SLC | +4.8% |
| 2017 | 1.29 million million SLC | +4.4% |
| 2018 | 1.35 million million SLC | +4.7% |
| 2019 | 1.43 million million SLC | +5.8% |
| 2020 | 1.42 million million SLC | -0.5% |
| 2021 | 1.59 million million SLC | +11.9% |
| 2022 | 1.77 million million SLC | +11.4% |
| 2023 | 1.88 million million SLC | +6.2% |
| 2024 | 2.00 million million SLC | +6.4% |
Israel compared with similar countries
- Israel's 2.00 million million SLC is above the median for high income countries, which is 257,567 million SLC, 7.8× the median. (72 countries reporting)
- Israel's 2.00 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 million million SLC, 1.3× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1984 | +389.3% | 1,741 million SLC | 8,519 million SLC |
| 1985 | +279.3% | 8,519 million SLC | 32,310 million SLC |
| 1983 | +158.3% | 674.03 million SLC | 1,741 million SLC |
| 1981 | +136.6% | 122.8 million SLC | 290.56 million SLC |
| 1982 | +132.0% | 290.56 million SLC | 674.03 million SLC |
| 1980 | +129.1% | 53.59 million SLC | 122.8 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14 million SLC | 2.11 million SLC | 53.59 million SLC | 10 |
| 1980s | 33,440 million SLC | 122.8 million SLC | 95,290 million SLC | 10 |
| 1990s | 298,919 million SLC | 118,553 million SLC | 502,667 million SLC | 10 |
| 2000s | 670,767 million SLC | 556,623 million SLC | 839,166 million SLC | 10 |
| 2010s | 1.16 million million SLC | 896,154 million SLC | 1.43 million million SLC | 10 |
| 2020s | 1.73 million million SLC | 1.42 million million SLC | 2.00 million million SLC | 5 |
Countries ranked near Israel
- 85 Australia 2.78 million million SLC compare
- 86 Albania 2.47 million million SLC compare
- 87 Italy 2.19 million million SLC compare
- 89 United Arab Emirates 1.97 million million SLC compare
- 90 Venezuela (Bolivarian Republic of) 1.97 million million SLC compare
- 91 Malaysia 1.93 million million SLC compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 14.47 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0237 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,429 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 26.22 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 77.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0429 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,590 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.96 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency in Israel?
- Gross domestic product — value standard local currency in Israel was 2.00 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Israel?
- The highest recorded value was 2.00 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Israel?
- The lowest recorded value was 2.11 million SLC in 1970.
- How does Israel rank for gross domestic product — value standard local currency?
- Israel ranks 88th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Israel?
- Over the last ten years it is up 77.9%. The long-run trend across the full record is volatile.
- Where does this Israel data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).