Israel: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | It has the second-largest number of startup companies in the world (after the United States) and the largest number of NASDAQ-listed companies outside North America. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United States, China, and Germany |
| Top Industries Source: CIA World Factbook | High-Technology Products (Aviation, Communications, Computer-Aided Design and Manufactures, Medical Electronics, Fiber Optics); Wood and Paper Products; Potash and Phosphates |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $472,841,887,365 (2022) |
| GDP Growth Rate (annual %) | 6.465% (2022) |
| GDP Per Capita, PPP (current international) | $49,509 (2022) |
GDP Country Rank 50/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 4.394% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 25.3% (2019) |
| Real Interest Rate (5 year average %) | -1.373% (2022) |
| Manufacturing, value added (% of GDP) | 10.165% (2021) |
| Current Account Balance (BoP, current US$) | $19,211,500,000 (2022) |
Labor and Employment [1]
| Labor Force, Total | 4,370,789 (2022) |
| Employment in Agriculture (% of total employment) | 0.888% (2021) |
| Employment in Industry (% of total employment) | 16.99% (2021) |
| Employment in Services (% of total employment) | 82.122% (2021) |
| Unemployment Rate | 3.476% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $149,427,363,677 (2022) |
| Exports of goods and services (current US$) | $166,585,188,984 (2022) |
| Total Merchandise Trade (% of GDP) | 34.644% (2022) |
| FDI, net inflows (BoP, current US$) | $27,760,100,000 (2022) |
| Commercial Service Exports (current US$) | $86,021,000,000 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Israel’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.