Israel: Manufacturing, value added (% of GDP)

Key figures

What the numbers say

In 2024, Israel's manufacturing, value added (% of GDP) fell 0.24 percentage points on 2023 (from 11.48% to 11.24%).

Across the 28 yearly changes before that (1996 to 2023), the average change was −0.13 percentage points and a typical year strayed about 0.53 percentage points 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 0.78 percentage points in 2000 and the biggest yearly fall was 1.29 percentage points 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 downward, about 0.09 percentage points a year. A straight line explains 32% 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 15th highest value of the 45 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

• Lesotho — 12th of 45: 12.07%
• Togo — 13th of 45: 11.42%
• West Bank and Gaza — 14th of 45: 11.32%
• Cuba — 16th of 45: 10.68%
• Solomon Islands — 17th of 45: 10.09%
• Faroe Islands — 18th of 45: 9.46%

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 30 values

Manufacturing, value added (% of GDP) in nearby economies

• Afghanistan — 8.42% (2024)
• Algeria — 9.45% (2024)
• Bahrain — 19.89% (2025)
• Djibouti — 5.28% (2024)
• Egypt, Arab Rep. — 14.5% (2025)
• Iran, Islamic Rep. — 20.59% (2024)
• Iraq — 4% (2025)
• Jordan — 17.37% (2025)
• Kuwait — 7.74% (2025)
• Lebanon — 1.43% (2021)
• Libya

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Israel's manufacturing, value added (% of GDP)?

11.24% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 3.75 percentage points from 14.99% in 1995. The highest value was 16.56% in 2000 and the lowest 11.24% in 2024.

How does Israel rank?

15th highest of 45 economies with data for 2024.

Is the latest change in manufacturing, value added (% of GDP) unusual for Israel?

In 2024, Israel's manufacturing, value added (% of GDP) fell 0.24 percentage points on 2023 (from 11.48% to 11.24%). Across the 28 yearly changes before that (1996 to 2023), the average change was −0.13 percentage points and a typical year strayed about 0.53 percentage points 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 NV.IND.MANF.ZS, 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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