Israel

Israel rose 1 place to 28th, overtaking Singapore, on a +12.6% jump in US$ GDP to US$610.8 billion. Most of that was exchange-rate and price effects, not output; real growth ran at +2.9%. As of 2024, services made up 72.8% of output, industry 17.2%, manufacturing 11.2% and agriculture 1.3%. Inflation stood at 3.0%, unemployment at 3.5% and government gross debt at 67.9% of GDP.

High local prices drag on Israel's PPP standing: GDP per capita of US$60,337 ranks 19th of 196, but on a PPP basis, at $59,717 international dollars, it falls to 37th, 18 places lower. The 3rd-largest economy in the Middle East, North Africa, Afghanistan & Pakistan region is about the size of the Atlanta, GA metro area. It has grown 4.5 times in US$ terms since 2000, when it ranked 31st. The IMF projects a +51% rise to US$922.6 billion by 2030, which would lift Israel to 23rd.