Economy of Israel
Population: 8.88 M (2018)
GDP per Capita: 41,715 USD (2018)
370,590 M.

GDP USD

(2018)

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109,120 M.

EXPORTS USD

(2018)

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107,540 M.

IMPORTS USD

(2018)

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59.90 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.45 % (2018)
GDP of 2010 USD USD 308.70 B. (2018)
GDP Current USD USD 370.59 B. (2018)
GDP per Capita Current USD USD 41,715 (2018)
GDP per capita, PPP USD 33,609 (2018)
GDP per Capita, 2010 USD USD 34,746 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 23.02 % (2018)
Government Spending USD 85.31 B. (2018)
Government Debt % GDP 59.90 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 106.15 (2018)
Trade Openness 58.46 % (2018)
Exports of Goods and Services % GDP 29.45 % (2018)
Exports Goods & Services USD 109.12 B. (2018)
Exports Annual Growth 5.56 % (2018)
Imports as % GDP 29.02 % (2018)
Total Imports USD 107.54 B. (2018)
Foreign Direct Investment % GDP 5.61 % (2018)
Foreign Direct Investment USD 20.79 B. (2018)
Current Account Balance % GDP USD 2.50 % (2018)
Current Account Balance USD 9.28 B. (2018)
Trade Balance % GDP 0.43 % (2018)
Trade Balance USD 1.49 B. (2018)
Foreign Exchange Reserves incl Gold USD 115.27 B. (2018)
Remittances % GDP 0.25 % (2018)
Remittances 0.25 % (2018)
Balance of Payments USD 1,316 M. (2017)

Labor Market

Indicator Value
Labor Force 4.16 M. (2019)
Unemployment Rate 3.93 % (2019)
Unemployment Rate Females 3.90 % (2019)
Unemployment Rate Males 3.83 % (2019)
Youth Unemployment (ages 15-24) 6.86 % (2019)
Labor Force Participation Rate 64.01 % (2019)
Labor Force (Percent Female) 47.43 % (2019)
Female Labor Force Participation Rate 59.21 % (2019)
Male Labor Force Participation Rate 68.98 % (2019)
Dependent People 66.40 % (2018)

Agriculture Sector

Indicator Value
Forest Area 7.70 % (2016)
Forest Area km² 1,672 km² (2016)
Agricultural Land 24.58 % (2016)
Agricultural Land km² 5,320 km² (2016)
Employment 0.97 % (2019)
Value added % GDP 1.14 % (2018)
Agriculture Value added USD 4.23 B. (2018)
Crop Production Index 100.00 (2016)
Precipitation 435 mm (2014)
Arable Land 14 % (2016)
Cereal Yield 3,568 kg/hectare (2017)
Food production index 110 (2016)
Rural Population 8 % (2018)
Fertilizer use of Arable Land 281 kg/hectare (2016)
Livestock Production Index 117 (2016)
Economy of Israel

According to the World Bank and its latest published data, the economy of the Israel presents a growth rate of 3.45 % (2018) to the previous year.

With a population that reaches 8.88 M (2018) and a gross domestic product of USD 370.59 B. (2018), it translates a Gross Domestic Product per Capita of USD 41,715 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Israel also has a workforce of 4.16 M. (2019) with an unemployment rate of 3.93 % (2019), where women represent 3.90 % (2019) and men 3.83 % (2019), the unemployment rate for young people between 15-24 years old stood at 6.86 % (2019). The total number of dependent people stands at 66.40 % (2018).

The central government spent 23.02 % (2018) of its gross domestic product that year, which in absolute terms is USD 85.31 B. (2018). Its consolidated public debt reached 59.90 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Israel exported USD 109.12 B. (2018), which represents 29.45 % (2018) of its gross domestic product, in that same sense its imports reached USD 107.54 B. (2018) with a direct foreign investment of USD 20.79 B. (2018).

Israel has a forest area of 1,672 km² (2016), which represents 7.70 % (2016) of its total area, an average rainfall of 435 mm (2014) per year and a population of 8 % (2018) living in rural areas. With a total area of 5,320 km² (2016) available for agriculture and 0.97 % (2019) of its employments, the agricultural sector contributes to the economy of the Israel about USD 4.23 B. (2018) (1.14 % (2018) of its GDP).