Israel's gross Value Added (GVA) at basic prices (current LCU) was 1.83 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 82.24% from 1.01 trillion in 2014 (6.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.83 trillion | 2024 |
| Five years earlier | 1.29 trillion | 2019 |
| Ten years earlier | 1.01 trillion | 2014 |
| Highest | 1.83 trillion | 2024 |
| Lowest | 281.28 billion | 1995 |
| Average since 2015 | 1.37 trillion | 2015–2024 |
| First recorded | 281.28 billion |
What the numbers say
In 2024, Israel's gross Value Added (GVA) at basic prices (current LCU) rose 5.9% on 2023 (from 1.73 trillion to 1.83 trillion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +6.8% and a typical year strayed about 3.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 15.7% in 1996 and the biggest yearly fall was 0.2% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 86.3 billion a year. A straight line explains 94% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Israel had the 6th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Israel in the 2024 ranking
- Japan — 2nd of 31: 628.94 trillion
- Hong Kong SAR, China — 3rd of 31: 3.11 trillion
- United Arab Emirates — 4th of 31: 2.03 trillion
- Afghanistan — 6th of 31: 1.19 trillion
- Cuba — 7th of 31: 1.07 trillion
- Peru — 8th of 31: 1.01 trillion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 30 values
| Year | Gross Value Added (GVA) at basic prices (current LCU) |
|---|---|
| 2024 | 1,832,899,500,000 |
| 2023 | 1,731,320,502,000 |
| 2022 | 1,603,864,326,000 |
| 2021 | 1,438,063,534,000 |
| 2020 | 1,288,821,575,000 |
| 2019 | 1,291,427,890,000 |
| 2018 | 1,218,991,974,000 |
| 2017 | 1,161,533,514,000 |
| 2016 | 1,106,131,254,000 |
| 2015 | 1,055,540,400,000 |
Gross Value Added (GVA) at basic prices (current LCU) in nearby economies
- Afghanistan — 1.19 trillion (2024)
- Algeria — 35.88 trillion (2025)
- Bahrain — 17.63 billion (2025)
- Djibouti — 776.76 billion (2025)
- Egypt, Arab Rep. — 17.4 trillion (2025)
- Iran, Islamic Rep. — 262,135 trillion (2025)
- Iraq — 330.68 trillion (2025)
- Jordan — 39.24 billion (2025)
- Kuwait — 51.79 billion (2025)
- Lebanon
More economic policy & debt data for Israel
- Portfolio equity, net inflows (BoP, current US$) — US$4.91 billion (2025)
- Total reserves, including gold (current US$) — US$229.49 billion (2025)
- Total reserves, excluding gold (current US$) — US$229.49 billion (2025)
- Gross fixed capital formation (current US$) — US$145.39 billion (2025)
- Gross fixed capital formation (current LCU) — 501.88 billion (2025)
- Gross fixed capital formation (constant 2015 US$) — US$102.07 billion (2025)
- Gross fixed capital formation (constant LCU) — 412.25 billion (2025)
- Gross fixed capital formation (% of GDP) — 23.8% (2025)
- Changes in inventories (current US$) — US$3.31 billion (2025)
Reading data like this
Questions people ask
- What is Israel's gross Value Added (GVA) at basic prices (current LCU)?
- 1.83 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 551.62% from 281.28 billion in 1995 (6.68% a year on average, compounded). The highest value was 1.83 trillion in 2024 and the lowest 281.28 billion in 1995.
- How does Israel rank?
- 6th highest of 31 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (current LCU) unusual for Israel?
- In 2024, Israel's gross Value Added (GVA) at basic prices (current LCU) rose 5.9% on 2023 (from 1.73 trillion to 1.83 trillion). Across the 28 yearly changes before that (1996 to 2023), the average change was +6.8% and a typical year strayed about 3.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in