Gross value added at basic prices (GVA) in Israel
Israel: Gross value added at basic prices (GVA) was 1.54 trillion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Israel stood at 1.54 trillion constant LCU. That is the highest value across all 30 years on record.
The figure 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 1.54 trillion constant LCU in 2024 and was at its lowest, 533.31 billion constant LCU, in 1995.
That places Israel 81st out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 585.04 billion constant LCU | 533.31 billion constant LCU | 630.98 billion constant LCU | 5 |
| 2000s | 769.96 billion constant LCU | 684.31 billion constant LCU | 892.92 billion constant LCU | 10 |
| 2010s | 1.12 trillion constant LCU | 939.43 billion constant LCU | 1.31 trillion constant LCU | 10 |
| 2020s | 1.45 trillion constant LCU | 1.29 trillion constant LCU | 1.54 trillion constant LCU | 5 |
Countries ranked near Israel
More economy & growth data for Israel
- External balance on goods and services as a percent of GDP 2.1% (2025)
- Inflation of consumer prices 3.0% (2025)
- GDP per capita 42,596 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.2% (2024)
- Gross domestic product (GDP) 431.19 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 42,596 constant 2015 US$ (2025)
- DEC alternative conversion factor 3.45 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 14.20 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 4.12 billion current US$ (2025)
- Taxes less subsidies on products 173.40 billion current LCU (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Israel?
- Gross value added at basic prices (gva) in Israel was 1.54 trillion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Israel?
- The highest recorded value was 1.54 trillion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Israel?
- The lowest recorded value was 533.31 billion constant LCU in 1995.
- How does Israel rank for gross value added at basic prices (gva)?
- Israel ranks 81st out of 197 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.