Gross Domestic Product — Value US$, annual growth rate in Israel

Israel: Gross Domestic Product — Value US$, annual growth rate was 5.5 % change on previous year in 2024. ◆ Volatile

Latest (2024)
5.5 % change on previous year
Change on year
up 306.3%
World rank
118th
of 236 countries
All-time high
35.95 % change on previous year
in 1974
All-time low
-7.15 % change on previous year
in 2002
Years of data
54
1971–2024

Gross Domestic Product — Value US$, annual growth rate in Israel, 1971–2024

-10010203040197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for gross domestic product — value us$, annual growth rate in Israel is 5.5 % change on previous year, measured in 2024.

That represents a change of up 306.3% on the previous year and down 0.7% over ten years.

Over the whole period, gross domestic product — value us$, annual growth rate in Israel peaked at 35.95 % change on previous year in 1974 and was at its lowest, -7.15 % change on previous year, in 2002.

Israel ranks 118th of 236 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 US$, annual growth rate in Israel, year by year

Annual values for Gross Domestic Product — Value US$, annual growth rate in Israel, 1971 to 2024.
Year % change on previous year Change
1971 17.19 % change on previous year
1972 18.6 % change on previous year +8.2%
1973 28.61 % change on previous year +53.8%
1974 35.95 % change on previous year +25.6%
1975 -0.9412 % change on previous year -102.6%
1976 5.37 % change on previous year -670.1%
1977 8.52 % change on previous year +58.9%
1978 -1.26 % change on previous year -114.8%
1979 28.91 % change on previous year -2396.6%
1980 13.6 % change on previous year -52.9%
1981 6.07 % change on previous year -55.4%
1982 9.27 % change on previous year +52.6%
1983 11.51 % change on previous year +24.2%
1984 -6.19 % change on previous year -153.8%
1985 -5.67 % change on previous year -8.4%
1986 23.96 % change on previous year -522.6%
1987 20.14 % change on previous year -16.0%
1988 22.3 % change on previous year +10.8%
1989 -0.3928 % change on previous year -101.8%
1990 18.26 % change on previous year -4747.5%
1991 14.48 % change on previous year -20.7%
1992 11.92 % change on previous year -17.7%
1993 0.5011 % change on previous year -95.8%
1994 13.63 % change on previous year +2620.3%
1995 22.69 % change on previous year +66.4%
1996 9.12 % change on previous year -59.8%
1997 3.76 % change on previous year -58.7%
1998 0.8953 % change on previous year -76.2%
1999 0.6958 % change on previous year -22.3%
2000 12.43 % change on previous year +1686.4%
2001 -1.12 % change on previous year -109.0%
2002 -7.15 % change on previous year +539.2%
2003 4.95 % change on previous year -169.2%
2004 6.55 % change on previous year +32.3%
2005 5.19 % change on previous year -20.7%
2006 7.89 % change on previous year +51.9%
2007 16.11 % change on previous year +104.2%
2008 19.77 % change on previous year +22.7%
2009 -3.54 % change on previous year -117.9%
2010 12.31 % change on previous year -447.9%
2011 11.86 % change on previous year -3.7%
2012 -1.68 % change on previous year -114.2%
2013 13.23 % change on previous year -887.4%
2014 5.55 % change on previous year -58.1%
2015 -3.67 % change on previous year -166.1%
2016 6.09 % change on previous year -266.0%
2017 11.34 % change on previous year +86.3%
2018 4.98 % change on previous year -56.1%
2019 6.55 % change on previous year +31.4%
2020 3.06 % change on previous year -53.3%
2021 19.22 % change on previous year +528.7%
2022 7.13 % change on previous year -62.9%
2023 -2.67 % change on previous year -137.5%
2024 5.5 % change on previous year -306.3%

Biggest year-on-year movements

Years where Gross Domestic Product — Value US$, 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.

YearChange FromTo
1990 +4747.5% -0.3928 % change on previous year 18.26 % change on previous year
1994 +2620.3% 0.5011 % change on previous year 13.63 % change on previous year
1979 +2396.6% -1.26 % change on previous year 28.91 % change on previous year
2000 +1686.4% 0.6958 % change on previous year 12.43 % change on previous year
2013 +887.4% -1.68 % change on previous year 13.23 % change on previous year
1976 +670.1% -0.9412 % change on previous year 5.37 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 15.66 % change on previous year -1.26 % change on previous year 35.95 % change on previous year 9
1980s 9.46 % change on previous year -6.19 % change on previous year 23.96 % change on previous year 10
1990s 9.59 % change on previous year 0.5011 % change on previous year 22.69 % change on previous year 10
2000s 6.11 % change on previous year -7.15 % change on previous year 19.77 % change on previous year 10
2010s 6.66 % change on previous year -3.67 % change on previous year 13.23 % change on previous year 10
2020s 6.45 % change on previous year -2.67 % change on previous year 19.22 % change on previous year 5

Countries ranked near Israel

  1. 115 Greece 5.6 % change on previous year compare
  2. 116 Malaysia 5.57 % change on previous year compare
  3. 117 Anguilla 5.55 % change on previous year compare
  4. 119 Denmark 5.49 % change on previous year compare
  5. 120 Eritrea 5.42 % change on previous year compare
  6. 121 Yemen Ar Rp 5.36 % change on previous year compare

See the full ranking of 266 places →

More economy & growth data for Israel

All data for Israel →

Frequently asked questions

What is gross domestic product — value us$, annual growth rate in Israel?
Gross domestic product — value us$, annual growth rate in Israel was 5.5 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value us$, annual growth rate recorded in Israel?
The highest recorded value was 35.95 % change on previous year in 1974.
What is the lowest gross domestic product — value us$, annual growth rate recorded in Israel?
The lowest recorded value was -7.15 % change on previous year in 2002.
How does Israel rank for gross domestic product — value us$, annual growth rate?
Israel ranks 118th out of 236 countries with data for 2024.
Is gross domestic product — value us$, annual growth rate rising or falling in Israel?
Over the last ten years it is down 0.7%. 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 US$, annual growth rate. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$, annual growth rate in Israel. Statizoid, drawing on Statizoid (derived). Retrieved 19 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us-annual-growth-rate/israel/

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How this figure is calculated

The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

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

Indicator
Gross Domestic Product — Value US$, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
266 places, 13,305 data points, 1971–2024
Last refreshed

The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.