Gross value added at basic prices (GVA) (current US$) in Israel
Israel: Gross value added at basic prices (GVA) (current US$) was 495.42 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Israel stood at 495.42 billion current US$. That is the highest value across all 30 years on record.
That represents a change of up 4.9% on the previous year and up 76.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Israel peaked at 495.42 billion current US$ in 2024 and was at its lowest, 93.41 billion current US$, in 1995.
Israel ranks 29th of 207 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$) in Israel, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 93.41 billion current US$ | — |
| 1996 | 102.00 billion current US$ | +9.2% |
| 1997 | 106.02 billion current US$ | +3.9% |
| 1998 | 107.60 billion current US$ | +1.5% |
| 1999 | 108.30 billion current US$ | +0.7% |
| 2000 | 122.49 billion current US$ | +13.1% |
| 2001 | 121.41 billion current US$ | -0.9% |
| 2002 | 111.97 billion current US$ | -7.8% |
| 2003 | 117.50 billion current US$ | +4.9% |
| 2004 | 125.25 billion current US$ | +6.6% |
| 2005 | 132.00 billion current US$ | +5.4% |
| 2006 | 142.66 billion current US$ | +8.1% |
| 2007 | 165.52 billion current US$ | +16.0% |
| 2008 | 198.36 billion current US$ | +19.8% |
| 2009 | 191.66 billion current US$ | -3.4% |
| 2010 | 214.09 billion current US$ | +11.7% |
| 2011 | 239.75 billion current US$ | +12.0% |
| 2012 | 236.59 billion current US$ | -1.3% |
| 2013 | 267.44 billion current US$ | +13.0% |
| 2014 | 281.10 billion current US$ | +5.1% |
| 2015 | 271.57 billion current US$ | -3.4% |
| 2016 | 288.01 billion current US$ | +6.1% |
| 2017 | 322.69 billion current US$ | +12.0% |
| 2018 | 339.50 billion current US$ | +5.2% |
| 2019 | 362.30 billion current US$ | +6.7% |
| 2020 | 374.40 billion current US$ | +3.3% |
| 2021 | 445.19 billion current US$ | +18.9% |
| 2022 | 477.39 billion current US$ | +7.2% |
| 2023 | 472.09 billion current US$ | -1.1% |
| 2024 | 495.42 billion current US$ | +4.9% |
Israel compared with similar countries
- Israel's 495.42 billion current US$ is above the median for high income countries, which is 110.20 billion current US$, 4.5× the median. (77 countries reporting)
- Israel's 495.42 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 110.20 billion current US$, 4.5× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 103.46 billion current US$ | 93.41 billion current US$ | 108.30 billion current US$ | 5 |
| 2000s | 142.88 billion current US$ | 111.97 billion current US$ | 198.36 billion current US$ | 10 |
| 2010s | 282.30 billion current US$ | 214.09 billion current US$ | 362.30 billion current US$ | 10 |
| 2020s | 452.90 billion current US$ | 374.40 billion current US$ | 495.42 billion current US$ | 5 |
Countries ranked near Israel
More economy & growth data for Israel
- Real gdp growth, annual growth rate 207.23 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 6.58 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0065 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 394.01 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.5 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0048 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 287.7 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.95 % 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 495.42 billion current US$ 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 495.42 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Israel?
- The lowest recorded value was 93.41 billion current US$ in 1995.
- How does Israel rank for gross value added at basic prices (gva)?
- Israel ranks 29th out of 207 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 76.2%. The long-run trend across the full record is volatile.
- 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) (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.