Israel's industry, including construction, value added (constant LCU) was 299.77 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 31.62% from 227.76 billion in 2014 (2.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 299.77 billion | 2024 |
| Five years earlier | 264.65 billion | 2019 |
| Ten years earlier | 227.76 billion | 2014 |
| Highest | 307.85 billion | 2022 |
| Lowest | 142.64 billion | 1995 |
| Average since 2015 | 270.04 billion | 2015–2024 |
| First recorded | 142.64 billion |
What the numbers say
In 2024, Israel's industry, including construction, value added (constant LCU) fell 1.6% on 2023 (from 304.78 billion to 299.77 billion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +2.8% and a typical year strayed about 4.3% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 13.1% in 2010 and the biggest yearly fall was 5.3% in 2001. 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 10.1 billion a year. A straight line explains 92% 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 26 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
- Lebanon — 2nd of 26: 5.26 trillion
- United Arab Emirates — 3rd of 26: 818.68 billion
- Türkiye — 4th of 26: 565.45 billion
- Afghanistan — 6th of 26: 155.61 billion
- Bolivia — 7th of 26: 93.68 billion
- New Zealand — 8th of 26: 63.45 billion
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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.
All 30 values
| Year | Industry, including construction, value added (constant LCU) |
|---|---|
| 2024 | 299,772,537,000 |
| 2023 | 304,777,614,000 |
| 2022 | 307,845,440,000 |
| 2021 | 298,972,587,000 |
| 2020 | 275,581,784,000 |
| 2019 | 264,654,116,000 |
| 2018 | 254,273,309,000 |
| 2017 | 236,643,356,000 |
| 2016 | 227,427,029,000 |
| 2015 | 230,479,879,000 |
Industry, including construction, value added (constant LCU) in nearby economies
- Afghanistan — 155.61 billion (2024)
- Algeria — 2.88 trillion (2025)
- Bahrain — 5.89 billion (2025)
- Djibouti — 119.95 billion (2025)
- Egypt, Arab Rep. — 2.62 trillion (2025)
- Iran, Islamic Rep. — 31,865.5 trillion (2025)
- Iraq — 122.55 trillion (2025)
- Jordan — 11.48 billion (2025)
- Kuwait — 26.14 billion (2025)
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 industry, including construction, value added (constant LCU)?
- 299.77 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 110.16% from 142.64 billion in 1995 (2.59% a year on average, compounded). The highest value was 307.85 billion in 2022 and the lowest 142.64 billion in 1995.
- How does Israel rank?
- 6th highest of 26 economies with data for 2024.
- Is the latest change in industry, including construction, value added (constant LCU) unusual for Israel?
- In 2024, Israel's industry, including construction, value added (constant LCU) fell 1.6% on 2023 (from 304.78 billion to 299.77 billion). Across the 28 yearly changes before that (1996 to 2023), the average change was +2.8% and a typical year strayed about 4.3% from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
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