World Factbook

Israel

Medinat Yisra'el

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$162.524 billion (2023 est.)

expenditures

$188.905 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$164.407 billion (2022 est.)

Exports 2023

$154.638 billion (2023 est.)

Exports 2024

$153.248 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$153.388 billion (2022 est.)

Imports 2023

$140.432 billion (2023 est.)

Imports 2024

$140.438 billion (2024 est.)

Industries

high-technology products (including aviation, communications, computer-aided design and manufactures, medical electronics, fiber optics), wood and paper products, potash and phosphates, food, beverages, and tobacco, caustic soda, cement, pharmaceuticals, construction, metal products, chemical products, plastics, cut diamonds, textiles, footwear

Labor force

4.71 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2019

59.6% of GDP (2019 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.2% of GDP (2022 est.)

Remittances 2023

0.2% of GDP (2023 est.)

Remittances 2024

0.2% of GDP (2024 est.)

Exchange rates

Currency

new Israeli shekels (ILS) per US dollar -

Exchange rates 2020

3.442 (2020 est.)

Exchange rates 2021

3.23 (2021 est.)

Exchange rates 2022

3.36 (2022 est.)

Exchange rates 2023

3.667 (2023 est.)

Exchange rates 2024

3.7 (2024 est.)

Economic overview

high-income, technology- and industrial-based economy; economic contraction and fiscal deficits resulting from war in Gaza; labor force stabilizing following military reservist mobilization; high-tech industry remains resilient while construction and tourism among hardest-hit sectors

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3.7% (2022 est.)

Unemployment rate 2023

3.6% (2023 est.)

Unemployment rate 2024

3.2% (2024 est.)

Exports - partners

USA 29%, China 10%, Ireland 6%, Germany 4%, Hong Kong 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 17%, USA 12%, Germany 7%, Turkey 6%, Italy 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$48,100 (2022 est.)

Real GDP per capita 2023

$47,500 (2023 est.)

Real GDP per capita 2024

$47,300 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

6.3% (2022 est.)

Real GDP growth rate 2023

1.8% (2023 est.)

Real GDP growth rate 2024

0.9% (2024 est.)

Agricultural products

milk, chicken, potatoes, tomatoes, tangerines/mandarins, bananas, eggs, avocados, beef, carrots/turnips (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

integrated circuits, diamonds, broadcasting equipment, medical instruments, refined petroleum (2023)

note: top five export commodities based on value in dollars

Imports - commodities

cars, diamonds, crude petroleum, broadcasting equipment, garments (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$17.104 billion (2022 est.)

Current account balance 2023

$18.604 billion (2023 est.)

Current account balance 2024

$16.713 billion (2024 est.)

Taxes and other revenues

22.1% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$540.38 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

48% (2023 est.)

government consumption

22.3% (2023 est.)

investment in inventories

1.7% (2023 est.)

investment in fixed capital

24.4% (2023 est.)

exports of goods and services

30.4% (2023 est.)

imports of goods and services

-27.6% (2023 est.)

Average household expenditures

on food

15.8% of household expenditures (2023 est.)

on alcohol and tobacco

2.6% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

4.4% (2022 est.)

Inflation rate (consumer prices) 2023

4.2% (2023 est.)

Inflation rate (consumer prices) 2024

3.1% (2024 est.)

Industrial production growth rate

-4.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$459.698 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$468.095 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$472.177 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

6.2% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

6.1% (2024 est.)

female

6% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$194.231 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$204.661 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$214.544 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

17.3% (2024 est.)

services

72.5% (2024 est.)

agriculture

1.3% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2% (2021 est.)

highest 10%

26.6% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

37.9 (2021 est.)