GDP (current LCU), annual growth rate in Israel

Israel: GDP (current LCU), annual growth rate was 6.44 % change on previous year in 2024. ◆ Volatile

Latest (2024)
6.44 % change on previous year
Change on year
down 0.4%
World rank
125th
of 211 countries
All-time high
389.29 % change on previous year
in 1984
All-time low
-0.9859 % change on previous year
in 2020
Years of data
54
1971–2024

GDP (current LCU), annual growth rate in Israel, 1971–2024

0100200300400197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, gdp (current lcu), annual growth rate in Israel stood at 6.44 % change on previous year.

The figure is down 0.4% on the previous year and up 40.5% over ten years.

Over the whole period, gdp (current lcu), annual growth rate in Israel peaked at 389.29 % change on previous year in 1984 and was at its lowest, -0.9859 % change on previous year, in 2020.

That places Israel 125th out of 211 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

GDP (current LCU), annual growth rate in Israel, year by year

Annual values for GDP (current LCU), annual growth rate in Israel, 1971 to 2024.
Year % change on previous year Change
1971 26.96 % change on previous year
1972 30.77 % change on previous year +14.1%
1973 29.06 % change on previous year -5.6%
1974 44.28 % change on previous year +52.4%
1975 41 % change on previous year -7.4%
1976 31.8 % change on previous year -22.4%
1977 43.02 % change on previous year +35.3%
1978 64.82 % change on previous year +50.7%
1979 87.84 % change on previous year +35.5%
1980 129.13 % change on previous year +47.0%
1981 136.62 % change on previous year +5.8%
1982 131.98 % change on previous year -3.4%
1983 158.32 % change on previous year +20.0%
1984 389.29 % change on previous year +145.9%
1985 279.25 % change on previous year -28.3%
1986 56.45 % change on previous year -79.8%
1987 28.76 % change on previous year -49.1%
1988 22.63 % change on previous year -21.3%
1989 19.39 % change on previous year -14.3%
1990 24.41 % change on previous year +25.9%
1991 29.41 % change on previous year +20.5%
1992 20.75 % change on previous year -29.4%
1993 15.66 % change on previous year -24.5%
1994 20.9 % change on previous year +33.4%
1995 16.27 % change on previous year -22.1%
1996 15.66 % change on previous year -3.8%
1997 12.15 % change on previous year -22.4%
1998 11.17 % change on previous year -8.1%
1999 9.72 % change on previous year -13.0%
2000 10.74 % change on previous year +10.4%
2001 2.01 % change on previous year -81.3%
2002 4.58 % change on previous year +128.3%
2003 0.7829 % change on previous year -82.9%
2004 4.89 % change on previous year +524.2%
2005 5.47 % change on previous year +11.9%
2006 6.95 % change on previous year +27.1%
2007 7.16 % change on previous year +3.0%
2008 4.63 % change on previous year -35.4%
2009 5.72 % change on previous year +23.6%
2010 6.79 % change on previous year +18.8%
2011 7.04 % change on previous year +3.7%
2012 5.95 % change on previous year -15.5%
2013 6.04 % change on previous year +1.4%
2014 4.58 % change on previous year -24.1%
2015 4.65 % change on previous year +1.5%
2016 4.82 % change on previous year +3.7%
2017 4.35 % change on previous year -9.7%
2018 4.72 % change on previous year +8.3%
2019 5.7 % change on previous year +20.8%
2020 -0.9859 % change on previous year -117.3%
2021 11.9 % change on previous year -1307.1%
2022 11.51 % change on previous year -3.3%
2023 6.46 % change on previous year -43.9%
2024 6.44 % change on previous year -0.4%

Israel compared with similar countries

  • Israel's 6.44 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.1× the median. (82 countries reporting)
  • Israel's 6.44 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 4.92 % change on previous year, 1.3× the median. (23 countries reporting)

Biggest year-on-year movements

Years where GDP (current LCU), annual growth rate in Israel changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2021 +1307.1% -0.9859 % change on previous year 11.9 % change on previous year
2004 +524.2% 0.7829 % change on previous year 4.89 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 44.39 % change on previous year 26.96 % change on previous year 87.84 % change on previous year 9
1980s 135.18 % change on previous year 19.39 % change on previous year 389.29 % change on previous year 10
1990s 17.61 % change on previous year 9.72 % change on previous year 29.41 % change on previous year 10
2000s 5.29 % change on previous year 0.7829 % change on previous year 10.74 % change on previous year 10
2010s 5.46 % change on previous year 4.35 % change on previous year 7.04 % change on previous year 10
2020s 7.06 % change on previous year -0.9859 % change on previous year 11.9 % change on previous year 5

Countries ranked near Israel

  1. 122 Hong Kong 6.48 % change on previous year compare
  2. 123 Mexico 6.46 % change on previous year compare
  3. 124 Portugal 6.44 % change on previous year compare
  4. 126 Iceland 6.4 % change on previous year compare
  5. 127 Nepal 6.37 % change on previous year compare
  6. 128 Luxembourg 6.31 % change on previous year compare

See the full ranking of 211 places →

More population data for Israel

All data for Israel →

Frequently asked questions

What is gdp (current lcu), annual growth rate in Israel?
Gdp (current lcu), annual growth rate in Israel was 6.44 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp (current lcu), annual growth rate recorded in Israel?
The highest recorded value was 389.29 % change on previous year in 1984.
What is the lowest gdp (current lcu), annual growth rate recorded in Israel?
The lowest recorded value was -0.9859 % change on previous year in 2020.
How does Israel rank for gdp (current lcu), annual growth rate?
Israel ranks 125th out of 211 countries with data for 2024.
Is gdp (current lcu), annual growth rate rising or falling in Israel?
Over the last ten years it is up 40.5%. The long-run trend across the full record is volatile.
Where does this Israel data come from?
The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.

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GDP (current LCU), annual growth rate in Israel. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://population.statizoid.com/stat/gdp-current-lcu-annual-growth-rate-2/israel/

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How this figure is calculated

The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,125 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.