Name: Israel Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Israel's economic growth slowed to 0.9% in 2024, down from an initial estimate of 1% and 1.8% in the previous year, according to the second estimate. This marks the weakest growth since 2020, when the pandemic severely impacted the economy, as the ongoing conflict with Hamas has also taken a significant toll on economic activity. source: Central Bureau of Statistics, Israel

Full Year GDP Growth in Israel decreased to 0.90 percent in 2024 from 1.84 percent in 2023. Full Year GDP Growth in Israel averaged 3.79 percent from 1996 until 2024, reaching an all time high of 8.76 percent in 2000 and a record low of -1.86 percent in 2020. This page includes a chart with historical data for Israel Full Year GDP Growth. Israel Full Year GDP Growth - values, historical data and charts - was last updated on September of 2025.

Full Year GDP Growth in Israel decreased to 0.90 percent in 2024 from 1.84 percent in 2023. Full Year GDP Growth in Israel is expected to reach 3.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Full Year GDP Growth is projected to trend around 4.00 percent in 2026 and 4.30 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	0.90	1.84	percent	Dec 2024
GDP	540.38	512.18	USD Billion	Dec 2024
GDP Annual Growth Rate	-1.90	2.75	percent	Jun 2025
GDP Constant Prices	426946.30	423399.00	ILS Million	Mar 2025
GDP from Agriculture	4937.00	5540.60	ILS Million	Mar 2025
GDP from Construction	18202.10	18600.70	ILS Million	Mar 2025
GDP from Public Administration	71970.50	71502.30	ILS Million	Mar 2025
GDP from Transport	11605.10	12856.50	ILS Million	Mar 2025
GDP from Utilities	7246.60	7514.60	ILS Million	Mar 2025
GDP Growth Annualized	-3.50	3.40	percent	Jun 2025
GDP Growth Rate	0.90	0.80	percent	Jun 2025
Gross Fixed Capital Formation	95080.00	104767.00	ILS Million	Mar 2025
Gross National Product	502843.80	503499.50	ILS Million	Jun 2025

Israel Full Year GDP Growth

Israel is the most technologically advanced and developed market economy in the Middle East. The biggest sector of the economy is services, accounting for nearly 80 percent of GDP. Within services, the most important are finance and business (28 percent of GDP); government (17 percent of GDP); housing (12 percent of GDP); trade, accommodation and restaurants (10 percent of GDP); and transport, storage and communications (8 percent of GDP). Manufacturing sector has been losing importance in recent years and now accounts for 14 percent of GDP.