Industry (including construction), value added (constant LCU) in Israel
Israel: Industry (including construction), value added (constant LCU) was 299.77 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Israel stood at 299.77 billion constant LCU.
That represents a change of down 1.6% on the previous year and up 31.6% over ten years.
Over the whole period, industry (including construction), value added in Israel peaked at 307.85 billion constant LCU in 2022 and was at its lowest, 142.64 billion constant LCU, in 1995.
That places Israel 83rd out of 200 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.
Industry (including construction), value added (constant LCU) in Israel, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 142.64 billion constant LCU | — |
| 1996 | 153.55 billion constant LCU | +7.6% |
| 1997 | 163.48 billion constant LCU | +6.5% |
| 1998 | 166.84 billion constant LCU | +2.1% |
| 1999 | 165.68 billion constant LCU | -0.7% |
| 2000 | 179.94 billion constant LCU | +8.6% |
| 2001 | 170.46 billion constant LCU | -5.3% |
| 2002 | 165.88 billion constant LCU | -2.7% |
| 2003 | 166.51 billion constant LCU | +0.4% |
| 2004 | 165.85 billion constant LCU | -0.4% |
| 2005 | 179.12 billion constant LCU | +8.0% |
| 2006 | 186.14 billion constant LCU | +3.9% |
| 2007 | 196.52 billion constant LCU | +5.6% |
| 2008 | 192.37 billion constant LCU | -2.1% |
| 2009 | 189.07 billion constant LCU | -1.7% |
| 2010 | 213.77 billion constant LCU | +13.1% |
| 2011 | 219.07 billion constant LCU | +2.5% |
| 2012 | 218.11 billion constant LCU | -0.4% |
| 2013 | 228.96 billion constant LCU | +5.0% |
| 2014 | 227.76 billion constant LCU | -0.5% |
| 2015 | 230.48 billion constant LCU | +1.2% |
| 2016 | 227.43 billion constant LCU | -1.3% |
| 2017 | 236.64 billion constant LCU | +4.1% |
| 2018 | 254.27 billion constant LCU | +7.5% |
| 2019 | 264.65 billion constant LCU | +4.1% |
| 2020 | 275.58 billion constant LCU | +4.1% |
| 2021 | 298.97 billion constant LCU | +8.5% |
| 2022 | 307.85 billion constant LCU | +3.0% |
| 2023 | 304.78 billion constant LCU | -1.0% |
| 2024 | 299.77 billion constant LCU | -1.6% |
Israel compared with similar countries
- Israel's 299.77 billion constant LCU is above the median for high income countries, which is 57.24 billion constant LCU, 5.2× the median. (70 countries reporting)
- Israel's 299.77 billion constant LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 155.61 billion constant LCU, 1.9× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 158.44 billion constant LCU | 142.64 billion constant LCU | 166.84 billion constant LCU | 5 |
| 2000s | 179.19 billion constant LCU | 165.85 billion constant LCU | 196.52 billion constant LCU | 10 |
| 2010s | 232.11 billion constant LCU | 213.77 billion constant LCU | 264.65 billion constant LCU | 10 |
| 2020s | 297.39 billion constant LCU | 275.58 billion constant LCU | 307.85 billion constant LCU | 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 industry (including construction), value added in Israel?
- Industry (including construction), value added in Israel was 299.77 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Israel?
- The highest recorded value was 307.85 billion constant LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Israel?
- The lowest recorded value was 142.64 billion constant LCU in 1995.
- How does Israel rank for industry (including construction), value added?
- Israel ranks 83rd out of 200 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Israel?
- Over the last ten years it is up 31.6%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.