Services, value added in Israel
Israel: Services, value added was 1.9% in 2024. ◆ Volatile
Services, value added in Israel, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in Israel stood at 1.9%.
Compared with earlier readings it is down 41.3% on the previous year and down 61.2% over ten years.
Over the whole period, services, value added in Israel peaked at 9.0% in 2021 and was at its lowest, -2.8%, in 2020.
Israel ranks 143rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.5% | 3.2% | 5.1% | 4 |
| 2000s | 4.2% | 0.9% | 8.5% | 10 |
| 2010s | 4.2% | 2.7% | 6.3% | 10 |
| 2020s | 3.7% | -2.8% | 9.0% | 5 |
Countries ranked near Israel
- 140 Jordan 2.0% compare
- 141 Switzerland 2.0% compare
- 142 Portugal 1.9% compare
- 144 El Salvador 1.9% compare
- 145 Solomon Islands 1.9% compare
- 146 Belarus 1.8% compare
More economy & growth data for Israel
- DEC alternative conversion factor 3.45 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 14.20 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 4.12 billion current US$ (2025)
- Taxes less subsidies on products 173.40 billion current LCU (2024)
- Taxes less subsidies on products 46.87 billion current US$ (2024)
- Net primary income (Net income from abroad) -28.31 billion current LCU (2025)
- Net primary income (Net income from abroad) -8.20 billion current US$ (2025)
- GNI per capita 205,337 current LCU (2025)
- GNI per capita, Atlas method 56,180 current US$ (2025)
- GNI 2.08 trillion current LCU (2025)
Frequently asked questions
- What is services, value added in Israel?
- Services, value added in Israel was 1.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Israel?
- The highest recorded value was 9.0% in 2021.
- What is the lowest services, value added recorded in Israel?
- The lowest recorded value was -2.8% in 2020.
- How does Israel rank for services, value added?
- Israel ranks 143rd out of 197 countries with data for 2024.
- Is services, value added rising or falling in Israel?
- Over the last ten years it is down 61.2%. The long-run trend across the full record is volatile.
- Where does this Israel data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.