Israel's taxes less subsidies on products (constant LCU) was 155.51 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 46.29% from 106.31 billion in 2014 (3.88% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 155.51 billion | 2024 |
| Five years earlier | 133.75 billion | 2019 |
| Ten years earlier | 106.31 billion | 2014 |
| Highest | 156.37 billion | 2022 |
| Lowest | 51.61 billion | 1995 |
| Average since 2015 | 134.51 billion | 2015–2024 |
| First recorded | 51.61 billion |
What the numbers say
In 2024, Israel's taxes less subsidies on products (constant LCU) rose 1.1% on 2023 (from 153.89 billion to 155.51 billion).
Across the 28 yearly changes before that (1996 to 2023), the average change was +4.1% and a typical year strayed about 4.6% from that (the standard deviation). This year's change was 0.7 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 14% in 2021 and the biggest yearly fall was 6% 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 5.32 billion a year. A straight line explains 91% 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.
A straight-line projection, tested first
Extending that straight line gives about 173.89 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 6.51 billion, against 12.02 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
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: 1.05 trillion
- Togo — 3rd of 26: 567.36 billion
- Poland — 4th of 26: 286.77 billion
- Afghanistan — 6th of 26: 59.23 billion
- Bolivia — 7th of 26: 30.68 billion
- New Zealand — 8th of 26: 29.45 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. 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 | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2024 | 155,510,951,000 |
| 2023 | 153,888,027,000 |
| 2022 | 156,372,784,000 |
| 2021 | 143,241,141,000 |
| 2020 | 125,693,626,000 |
| 2019 | 133,752,896,000 |
| 2018 | 127,096,473,000 |
| 2017 | 121,405,630,000 |
| 2016 | 119,605,037,000 |
| 2015 | 108,570,252,000 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Afghanistan — 59.23 billion (2024)
- Algeria — 668.49 billion (2025)
- Bahrain — 722.65 million (2025)
- Djibouti — 41.65 billion (2025)
- Egypt, Arab Rep. — 446.54 billion (2025)
- Iran, Islamic Rep. — 2,386.92 trillion (2024)
- Jordan — 4.47 billion (2025)
- Kuwait — -4.4 billion (2025)
- Lebanon — 1.05 trillion (2024)
- 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
Questions people ask
- What is Israel's taxes less subsidies on products (constant LCU)?
- 155.51 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 201.31% from 51.61 billion in 1995 (3.88% a year on average, compounded). The highest value was 156.37 billion in 2022 and the lowest 51.61 billion in 1995.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.KN, 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.
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