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CompareEconomy.com Comparison of world economies

Israel

World Rank 26 5.24 Israel flag svg
Capital
Area
Currency
Jerusalem (limited recognition)
20,770 km 2
New shekel (ILS)

Table of Contents

Introduction

Officially known as the State of Israel, the country is located in Western Asia near the southeastern shore of the Mediterranean Sea. There are several land-bordering neighbours of Israel, namely Lebanon, Syria, Jordan, and Egypt. There are also the Palestinian terrotories of the West Bank and the Gaza Strip. The official language of Israel is Hebrew, and the capital as well as the largest city in the nation is Jerusalem. The region is characterized by its very high density due to small land coverage of 20,770 square kilometers.

Economy

The GDP of Israel is relatively high when we take into account the neighbouring countries. In the region of the Middle East and North Africa, it is the 7th largest economy, ahead of Morocco and Qatar, but behind Iraq and Algeria. In 2019, it was estimated to be around $381 billion (with PPP factor included).  Interestingly, the GDP per capita is quite high for this region and it is estimated to be $42,140. As a result, it gives them seventh place in the region in the rankings of GDP per capita as well.

Population

There are approximately 9 million people that live in Israel, according to the latest data provided by World Bank Data in 2019. However, due to its small land coverage, its density is at around 422 people per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#26 (2021)
488,526,545,878 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#23 (2021)
19,321,524,800 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#124 (2021)
4.32 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)