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 198 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.
Gross value added at basic prices (GVA) in Israel, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 533.31 billion constant LCU | — |
| 1996 | 563.63 billion constant LCU | +5.7% |
| 1997 | 586.17 billion constant LCU | +4.0% |
| 1998 | 611.12 billion constant LCU | +4.3% |
| 1999 | 630.98 billion constant LCU | +3.2% |
| 2000 | 684.31 billion constant LCU | +8.5% |
| 2001 | 686.76 billion constant LCU | +0.4% |
| 2002 | 687.21 billion constant LCU | +0.1% |
| 2003 | 700.30 billion constant LCU | +1.9% |
| 2004 | 733.10 billion constant LCU | +4.7% |
| 2005 | 765.60 billion constant LCU | +4.4% |
| 2006 | 810.75 billion constant LCU | +5.9% |
| 2007 | 857.35 billion constant LCU | +5.7% |
| 2008 | 881.30 billion constant LCU | +2.8% |
| 2009 | 892.92 billion constant LCU | +1.3% |
| 2010 | 939.43 billion constant LCU | +5.2% |
| 2011 | 991.13 billion constant LCU | +5.5% |
| 2012 | 1.01 trillion constant LCU | +2.3% |
| 2013 | 1.06 trillion constant LCU | +4.1% |
| 2014 | 1.09 trillion constant LCU | +3.6% |
| 2015 | 1.12 trillion constant LCU | +2.2% |
| 2016 | 1.16 trillion constant LCU | +3.9% |
| 2017 | 1.22 trillion constant LCU | +4.7% |
| 2018 | 1.26 trillion constant LCU | +4.0% |
| 2019 | 1.31 trillion constant LCU | +3.4% |
| 2020 | 1.29 trillion constant LCU | -1.4% |
| 2021 | 1.40 trillion constant LCU | +8.9% |
| 2022 | 1.49 trillion constant LCU | +6.1% |
| 2023 | 1.52 trillion constant LCU | +2.4% |
| 2024 | 1.54 trillion constant LCU | +0.9% |
Israel compared with similar countries
- Israel's 1.54 trillion constant LCU is above the median for high income countries, which is 270.55 billion constant LCU, 5.7× the median. (70 countries reporting)
- Israel's 1.54 trillion constant LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 732.44 billion constant LCU, 2.1× the median. (23 countries reporting)
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
- 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 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 198 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.