Services, value added in Israel
Israel: Services, value added was 72.8% in 2024. ▲ Rising
Services, value added in Israel, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Israel recorded 72.8% for services, value added in 2024. That is the highest value across all 30 years on record.
That represents a change of up 0.5% on the previous year and up 7.0% over ten years.
Over the whole period, services, value added in Israel peaked at 72.8% in 2024 and was at its lowest, 62.8%, in 1997.
That places Israel 23rd out of 204 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Services, value added in Israel, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 62.9% | — |
| 1996 | 62.8% | -0.2% |
| 1997 | 62.8% | -0.1% |
| 1998 | 63.6% | +1.4% |
| 1999 | 64.6% | +1.5% |
| 2000 | 65.2% | +0.9% |
| 2001 | 66.5% | +2.0% |
| 2002 | 66.1% | -0.6% |
| 2003 | 66.5% | +0.6% |
| 2004 | 67.3% | +1.2% |
| 2005 | 66.4% | -1.4% |
| 2006 | 66.4% | +0.1% |
| 2007 | 66.1% | -0.5% |
| 2008 | 66.6% | +0.7% |
| 2009 | 67.1% | +0.9% |
| 2010 | 66.7% | -0.6% |
| 2011 | 67.6% | +1.2% |
| 2012 | 67.9% | +0.6% |
| 2013 | 67.6% | -0.4% |
| 2014 | 68.1% | +0.6% |
| 2015 | 68.3% | +0.3% |
| 2016 | 69.1% | +1.2% |
| 2017 | 70.2% | +1.6% |
| 2018 | 70.1% | -0.0% |
| 2019 | 70.5% | +0.4% |
| 2020 | 70.3% | -0.3% |
| 2021 | 70.7% | +0.6% |
| 2022 | 70.5% | -0.2% |
| 2023 | 72.5% | +2.8% |
| 2024 | 72.8% | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 63.3% | 62.8% | 64.6% | 5 |
| 2000s | 66.4% | 65.2% | 67.3% | 10 |
| 2010s | 68.6% | 66.7% | 70.5% | 10 |
| 2020s | 71.3% | 70.3% | 72.8% | 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.87 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.38 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 183,250 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.9449 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6897 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 37,393 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 0.945 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 2.84 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Israel?
- Services, value added in Israel was 72.8% 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 72.8% in 2024.
- What is the lowest services, value added recorded in Israel?
- The lowest recorded value was 62.8% in 1997.
- How does Israel rank for services, value added?
- Israel ranks 23rd out of 204 countries with data for 2024.
- Is services, value added rising or falling in Israel?
- Over the last ten years it is up 7.0%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.