Israel: Trade (% of GDP)
In , Israel's Trade (% of GDP) was 54.45.
That's down 6.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Israel ranks #115 globally out of 160 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 16.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 78.84
- Trough
- 51.24
- 1-year change
- -6.1%
- 5-year change
- -3.3%
- -0.7% / yr
- 10-year change
- -11.8%
- -1.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 54.4520 | |
| 57.9903 | |
| 60.6449 | |
| 54.9017 | |
| 51.2367 | |
| 56.3253 | |
| 58.7438 | |
| 56.2801 | |
| 57.7990 | |
| 58.8980 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Israel's Trade (% of GDP) in 2024?
- In 2024, Israel's Trade (% of GDP) was 54.45, according to World Bank Open Data.
- Is Israel's Trade (% of GDP) rising or falling?
- Israel's Trade (% of GDP) fell 6.1% from 2023 to 2024.
- How does Israel rank globally on Trade (% of GDP)?
- In 2024, Israel ranked #115 out of 160 countries reporting Trade (% of GDP).
- How does Israel's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Israel is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 16.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.