Services, value added (current LCU), annual growth rate in Israel
Israel: Services, value added (current LCU), annual growth rate was 7.14 % change on previous year in 2024. ▼ Falling
Services, value added (current LCU), annual growth rate in Israel, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Israel recorded 7.14 % change on previous year for services, value added (current lcu), annual growth rate in 2024.
Compared with earlier readings it is down 26.1% on the previous year and up 37.8% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Israel peaked at 15.41 % change on previous year in 1996 and was at its lowest, -0.8658 % change on previous year, in 2020.
That places Israel 103rd out of 204 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Services, value added (current LCU), annual growth rate in Israel, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 15.41 % change on previous year | — |
| 1997 | 12.08 % change on previous year | -21.6% |
| 1998 | 12.71 % change on previous year | +5.3% |
| 1999 | 11.4 % change on previous year | -10.4% |
| 2000 | 11.77 % change on previous year | +3.2% |
| 2001 | 4.05 % change on previous year | -65.6% |
| 2002 | 3.91 % change on previous year | -3.4% |
| 2003 | 1.35 % change on previous year | -65.4% |
| 2004 | 6.18 % change on previous year | +356.6% |
| 2005 | 4.01 % change on previous year | -35.2% |
| 2006 | 7.04 % change on previous year | +75.8% |
| 2007 | 6.62 % change on previous year | -6.0% |
| 2008 | 5.33 % change on previous year | -19.5% |
| 2009 | 6.63 % change on previous year | +24.5% |
| 2010 | 6.18 % change on previous year | -6.9% |
| 2011 | 8.34 % change on previous year | +35.0% |
| 2012 | 6.52 % change on previous year | -21.8% |
| 2013 | 5.57 % change on previous year | -14.6% |
| 2014 | 5.18 % change on previous year | -7.1% |
| 2015 | 4.94 % change on previous year | -4.5% |
| 2016 | 6.01 % change on previous year | +21.6% |
| 2017 | 5.99 % change on previous year | -0.4% |
| 2018 | 4.76 % change on previous year | -20.5% |
| 2019 | 6.01 % change on previous year | +26.1% |
| 2020 | -0.8658 % change on previous year | -114.4% |
| 2021 | 12.49 % change on previous year | -1542.1% |
| 2022 | 11.27 % change on previous year | -9.7% |
| 2023 | 9.67 % change on previous year | -14.2% |
| 2024 | 7.14 % change on previous year | -26.1% |
Israel compared with similar countries
- Israel's 7.14 % change on previous year is above the median for high income countries, which is 5.74 % change on previous year, 1.2× the median. (77 countries reporting)
- Israel's 7.14 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 5.94 % change on previous year, 1.2× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), annual growth rate in Israel changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1542.1% | -0.8658 % change on previous year | 12.49 % change on previous year |
| 2004 | +356.6% | 1.35 % change on previous year | 6.18 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.9 % change on previous year | 11.4 % change on previous year | 15.41 % change on previous year | 4 |
| 2000s | 5.69 % change on previous year | 1.35 % change on previous year | 11.77 % change on previous year | 10 |
| 2010s | 5.95 % change on previous year | 4.76 % change on previous year | 8.34 % change on previous year | 10 |
| 2020s | 7.94 % change on previous year | -0.8658 % change on previous year | 12.49 % change on previous year | 5 |
Countries ranked near Israel
- 100 Faroe Islands 7.22 % change on previous year compare
- 101 Dominican Republic 7.19 % change on previous year compare
- 102 Bosnia and Herzegovina 7.14 % change on previous year compare
- 104 Papua New Guinea 7.13 % change on previous year compare
- 105 Cambodia 7.12 % change on previous year compare
- 106 Kenya 7.06 % change on previous year compare
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Israel?
- Services, value added (current lcu), annual growth rate in Israel was 7.14 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Israel?
- The highest recorded value was 15.41 % change on previous year in 1996.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Israel?
- The lowest recorded value was -0.8658 % change on previous year in 2020.
- How does Israel rank for services, value added (current lcu), annual growth rate?
- Israel ranks 103rd out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Israel?
- Over the last ten years it is up 37.8%. The long-run trend across the full record is falling.
- Where does this Israel data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.