Services, value added in Israel
Israel: Services, value added was 1.22 trillion constant LCU in 2024. ▲ Rising
Services, value added in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Israel is 1.22 trillion constant LCU, measured in 2024. That is the highest value across all 30 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 44.4% over ten years.
Over the whole period, services, value added in Israel peaked at 1.22 trillion constant LCU in 2024 and was at its lowest, 377.41 billion constant LCU, in 1995.
That places Israel 76th out of 199 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.
Services, value added in Israel, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 377.41 billion constant LCU | — |
| 1996 | 395.79 billion constant LCU | +4.9% |
| 1997 | 408.31 billion constant LCU | +3.2% |
| 1998 | 428.53 billion constant LCU | +5.0% |
| 1999 | 450.48 billion constant LCU | +5.1% |
| 2000 | 488.90 billion constant LCU | +8.5% |
| 2001 | 499.61 billion constant LCU | +2.2% |
| 2002 | 503.96 billion constant LCU | +0.9% |
| 2003 | 517.47 billion constant LCU | +2.7% |
| 2004 | 548.88 billion constant LCU | +6.1% |
| 2005 | 566.38 billion constant LCU | +3.2% |
| 2006 | 604.60 billion constant LCU | +6.7% |
| 2007 | 641.14 billion constant LCU | +6.0% |
| 2008 | 669.40 billion constant LCU | +4.4% |
| 2009 | 680.88 billion constant LCU | +1.7% |
| 2010 | 704.88 billion constant LCU | +3.5% |
| 2011 | 749.42 billion constant LCU | +6.3% |
| 2012 | 774.60 billion constant LCU | +3.4% |
| 2013 | 805.06 billion constant LCU | +3.9% |
| 2014 | 845.22 billion constant LCU | +5.0% |
| 2015 | 868.26 billion constant LCU | +2.7% |
| 2016 | 913.52 billion constant LCU | +5.2% |
| 2017 | 957.99 billion constant LCU | +4.9% |
| 2018 | 989.51 billion constant LCU | +3.3% |
| 2019 | 1.02 trillion constant LCU | +3.3% |
| 2020 | 993.83 billion constant LCU | -2.8% |
| 2021 | 1.08 trillion constant LCU | +9.0% |
| 2022 | 1.16 trillion constant LCU | +7.0% |
| 2023 | 1.20 trillion constant LCU | +3.3% |
| 2024 | 1.22 trillion constant LCU | +1.9% |
Israel compared with similar countries
- Israel's 1.22 trillion constant LCU is above the median for high income countries, which is 203.18 billion constant LCU, 6.0× the median. (70 countries reporting)
- Israel's 1.22 trillion constant LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 525.45 billion constant LCU, 2.3× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 412.10 billion constant LCU | 377.41 billion constant LCU | 450.48 billion constant LCU | 5 |
| 2000s | 572.12 billion constant LCU | 488.90 billion constant LCU | 680.88 billion constant LCU | 10 |
| 2010s | 863.04 billion constant LCU | 704.88 billion constant LCU | 1.02 trillion constant LCU | 10 |
| 2020s | 1.13 trillion constant LCU | 993.83 billion constant LCU | 1.22 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 services, value added in Israel?
- Services, value added in Israel was 1.22 trillion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Israel?
- The highest recorded value was 1.22 trillion constant LCU in 2024.
- What is the lowest services, value added recorded in Israel?
- The lowest recorded value was 377.41 billion constant LCU in 1995.
- How does Israel rank for services, value added?
- Israel ranks 76th out of 199 countries with data for 2024.
- Is services, value added rising or falling in Israel?
- Over the last ten years it is up 44.4%. 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 Services, value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.