Services, value added in Israel
Israel: Services, value added was 395.04 billion current US$ in 2024. ◆ Volatile
Services, value added in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Israel recorded 395.04 billion current US$ for services, value added in 2024. That is the highest value across all 30 years on record.
The figure is up 6.2% on the previous year and up 84.6% over ten years.
Over the whole period, services, value added in Israel peaked at 395.04 billion current US$ in 2024 and was at its lowest, 66.35 billion current US$, in 1995.
That places Israel 26th out of 206 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Israel, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 66.35 billion current US$ | — |
| 1996 | 72.24 billion current US$ | +8.9% |
| 1997 | 74.92 billion current US$ | +3.7% |
| 1998 | 76.65 billion current US$ | +2.3% |
| 1999 | 78.39 billion current US$ | +2.3% |
| 2000 | 88.95 billion current US$ | +13.5% |
| 2001 | 89.73 billion current US$ | +0.9% |
| 2002 | 82.77 billion current US$ | -7.8% |
| 2003 | 87.27 billion current US$ | +5.4% |
| 2004 | 94.16 billion current US$ | +7.9% |
| 2005 | 97.80 billion current US$ | +3.9% |
| 2006 | 105.44 billion current US$ | +7.8% |
| 2007 | 121.94 billion current US$ | +15.6% |
| 2008 | 147.05 billion current US$ | +20.6% |
| 2009 | 143.07 billion current US$ | -2.7% |
| 2010 | 159.76 billion current US$ | +11.7% |
| 2011 | 180.87 billion current US$ | +13.2% |
| 2012 | 178.79 billion current US$ | -1.2% |
| 2013 | 201.57 billion current US$ | +12.7% |
| 2014 | 213.96 billion current US$ | +6.1% |
| 2015 | 206.69 billion current US$ | -3.4% |
| 2016 | 221.76 billion current US$ | +7.3% |
| 2017 | 250.78 billion current US$ | +13.1% |
| 2018 | 263.39 billion current US$ | +5.0% |
| 2019 | 281.25 billion current US$ | +6.8% |
| 2020 | 288.70 billion current US$ | +2.7% |
| 2021 | 346.08 billion current US$ | +19.9% |
| 2022 | 370.25 billion current US$ | +7.0% |
| 2023 | 371.97 billion current US$ | +0.5% |
| 2024 | 395.04 billion current US$ | +6.2% |
Israel compared with similar countries
- Israel's 395.04 billion current US$ is above the median for high income countries, which is 71.23 billion current US$, 5.5× the median. (77 countries reporting)
- Israel's 395.04 billion current US$ is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 51.74 billion current US$, 7.6× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 73.71 billion current US$ | 66.35 billion current US$ | 78.39 billion current US$ | 5 |
| 2000s | 105.82 billion current US$ | 82.77 billion current US$ | 147.05 billion current US$ | 10 |
| 2010s | 215.88 billion current US$ | 159.76 billion current US$ | 281.25 billion current US$ | 10 |
| 2020s | 354.41 billion current US$ | 288.70 billion current US$ | 395.04 billion current US$ | 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$), annual growth rate 6.96 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Israel?
- Services, value added in Israel was 395.04 billion current US$ 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 395.04 billion current US$ in 2024.
- What is the lowest services, value added recorded in Israel?
- The lowest recorded value was 66.35 billion current US$ in 1995.
- How does Israel rank for services, value added?
- Israel ranks 26th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Israel?
- Over the last ten years it is up 84.6%. 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 Services, value added (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.