Includes Israel real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Israel economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Israel best banks and safest banks are also available.
A High Tech, Sophisticated Economy
Situated at the crossroads of Europe, Asia, and Africa, Israel offers access to diverse markets and trade partnerships. Boasting a resilient economy with strong growth rates and low inflation, Israel is also renowned for its thriving tech sector, highly educated and multilingual talent pool and its world-class R&D and start-up ecosystem. Additionally, the Israeli government actively fosters foreign investment through a range of incentives, tax breaks, and simplified business registration procedures.
Yet, the geopolitical landscape has become increasingly volatile following the Hamas-led attack on October 7, 2023, exacerbating challenges and leading to further fragmentation in an already divided political scene.
Israel GDP & Economic Overview
Key Facts
| Total Area | 20,770 sq km |
|---|---|
| Type of Government | Parliamentary republic |
| Capital City | Jerusalem; note – the US recognized Jerusalem as Israel’s capital in December 2017 without taking a position on the specific boundaries of Israeli sovereignty |
| Total Population | 9.986 million |
| Median Age | 20.0 |
| Total GDP | USD 539.835 millions |
| Adult Per Capita Income (PPP) | USD 74,538 |
Israel
Non-Economic Data
Most Technologically Advanced Countries In The World 2023
Economics, Policy & Regulation
A Strong Performance: Q&A with Amir Yaron, Central Bank Governor…
Trade & Finance
International Trade
| Total Exports | USD 102,335.26 million |
|---|---|
| Major Exports |
Diamonds integrated circuits refined petroleum medical instruments packaged medicines |
| Major Trade Partners – Export |
United States China India Netherlands |
| Total Imports | USD 84,505.70 million |
| Major Imports |
Diamonds cars crude petroleum refined petroleum broadcasting equipment |
| Major Trade Partners – Imports |
China United States Switzerland Germany |
Inbound and Outbound Investment
Data Shows Israel’s Debt Load To Be Close To The Regional Average
The chart at left compares Israel’s debt-to-GDP ratio to the regional average. It illustrates how the country has been successful at keeping its debt burden in line with its national productive capacity.
Israel's Leading Companies
| Pharmaceutical | Teva Pharmaceutical |
|---|---|
| Bank | Bank Leumi |
| Bank | Bank Hapoalim |
| Bank | Mizrahi Tefahot Bank |
| Chemical | Israel Chemicals |
| Insurance | Migdal Insurance |
| Supermarket | Shufersal |
| Software | Check Point Software |
| Petroleum Conglomerate | Delek Group |
Global Finance Rankings & Awards: Israel
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000