Gross value added at basic prices (GVA) in Israel
Israel: Gross value added at basic prices (GVA) was 374.02 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Israel, 1995–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Israel recorded 374.02 billion constant 2015 US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 0.9% on the previous year and up 40.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Israel peaked at 374.02 billion constant 2015 US$ in 2024 and was at its lowest, 129.59 billion constant 2015 US$, in 1995.
That places Israel 36th out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Gross value added at basic prices (GVA) in Israel, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 129.59 billion constant 2015 US$ | — |
| 1996 | 136.95 billion constant 2015 US$ | +5.7% |
| 1997 | 142.43 billion constant 2015 US$ | +4.0% |
| 1998 | 148.50 billion constant 2015 US$ | +4.3% |
| 1999 | 153.32 billion constant 2015 US$ | +3.2% |
| 2000 | 166.28 billion constant 2015 US$ | +8.5% |
| 2001 | 166.87 billion constant 2015 US$ | +0.4% |
| 2002 | 166.98 billion constant 2015 US$ | +0.1% |
| 2003 | 170.16 billion constant 2015 US$ | +1.9% |
| 2004 | 178.13 billion constant 2015 US$ | +4.7% |
| 2005 | 186.03 billion constant 2015 US$ | +4.4% |
| 2006 | 197.00 billion constant 2015 US$ | +5.9% |
| 2007 | 208.32 billion constant 2015 US$ | +5.7% |
| 2008 | 214.14 billion constant 2015 US$ | +2.8% |
| 2009 | 216.97 billion constant 2015 US$ | +1.3% |
| 2010 | 228.27 billion constant 2015 US$ | +5.2% |
| 2011 | 240.83 billion constant 2015 US$ | +5.5% |
| 2012 | 246.36 billion constant 2015 US$ | +2.3% |
| 2013 | 256.43 billion constant 2015 US$ | +4.1% |
| 2014 | 265.60 billion constant 2015 US$ | +3.6% |
| 2015 | 271.57 billion constant 2015 US$ | +2.2% |
| 2016 | 282.13 billion constant 2015 US$ | +3.9% |
| 2017 | 295.30 billion constant 2015 US$ | +4.7% |
| 2018 | 307.07 billion constant 2015 US$ | +4.0% |
| 2019 | 317.52 billion constant 2015 US$ | +3.4% |
| 2020 | 313.17 billion constant 2015 US$ | -1.4% |
| 2021 | 340.99 billion constant 2015 US$ | +8.9% |
| 2022 | 361.73 billion constant 2015 US$ | +6.1% |
| 2023 | 370.51 billion constant 2015 US$ | +2.4% |
| 2024 | 374.02 billion constant 2015 US$ | +0.9% |
Israel compared with similar countries
- Israel's 374.02 billion constant 2015 US$ is above the median for high income countries, which is 96.66 billion constant 2015 US$, 3.9× the median. (69 countries reporting)
- Israel's 374.02 billion constant 2015 US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 96.66 billion constant 2015 US$, 3.9× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 142.16 billion constant 2015 US$ | 129.59 billion constant 2015 US$ | 153.32 billion constant 2015 US$ | 5 |
| 2000s | 187.09 billion constant 2015 US$ | 166.28 billion constant 2015 US$ | 216.97 billion constant 2015 US$ | 10 |
| 2010s | 271.11 billion constant 2015 US$ | 228.27 billion constant 2015 US$ | 317.52 billion constant 2015 US$ | 10 |
| 2020s | 352.08 billion constant 2015 US$ | 313.17 billion constant 2015 US$ | 374.02 billion constant 2015 US$ | 5 |
Countries ranked near Israel
- 33 Vietnam 403.05 billion constant 2015 US$ compare
- 34 Pakistan 400.78 billion constant 2015 US$ compare
- 35 Austria 378.73 billion constant 2015 US$ compare
- 37 Bangladesh 337.32 billion constant 2015 US$ compare
- 38 Hong Kong 335.83 billion constant 2015 US$ compare
- 39 Colombia 335.09 billion constant 2015 US$ 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$), annual growth rate 6.96 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Israel?
- Gross value added at basic prices (gva) in Israel was 374.02 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Israel?
- The highest recorded value was 374.02 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Israel?
- The lowest recorded value was 129.59 billion constant 2015 US$ in 1995.
- How does Israel rank for gross value added at basic prices (gva)?
- Israel ranks 36th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Israel?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is rising.
- Where does this Israel data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.