Israel GDP

Economic Growth (GDP, annual variation in %)

GDP, short for Gross Domestic Product, is defined as the total market value of all final goods and services produced within a country in a given period. It includes private and public consumption, private and public investment, and exports less imports.

GDP is the most commonly used measure of economic activity and serves as a good indicator to track the economic health of a country. Economic growth (GDP growth) refers to the percent change in real GDP, which corrects the nominal GDP figure for inflation. Real GDP is therefore also referred to as inflation-adjusted GDP or GDP in constant prices.

This chart displays Economic Growth (GDP, ann. var. %) for Euro Area, South Asia, Major Economies, Middle East & North Africa, Latin America from 2010 to 2023.

Economic Growth (GDP, annual variation in %) Data

2018 2019 2020 2021 2022
Afghanistan 1.2 3.9 -2.4 -20.7 -
Albania 4.0 2.1 -3.3 8.9 4.9
Algeria 1.2 1.0 -5.1 3.4 3.2
Andorra 1.6 2.0 -11.2 8.3 8.8
Angola -1.3 -0.7 -5.6 1.2 3.0
Antigua and Barbuda 6.9 4.9 -20.2 1.8 8.3
Argentina -2.6 -2.0 -9.9 10.7 5.0
Armenia 5.2 7.7 -7.2 5.8 12.6
Aruba 2.4 -2.3 -24.0 27.6 -
Australia 2.8 1.8 -2.1 5.6 3.8
Austria 2.4 1.5 -6.7 4.4 4.8
Azerbaijan 1.4 2.5 -4.2 5.6 4.6
Bahamas, The 2.9 -0.8 -23.5 17.0 14.4
Bahrain 2.3 2.2 -4.6 2.6 4.9
Bangladesh 7.3 7.9 3.4 6.9 7.1
Barbados 2.6 4.7 -10.9 3.5 18.1
Belarus 3.1 1.4 -0.7 2.3 -4.7
Belgium 1.8 2.2 -5.3 6.9 3.0
Belize 1.1 4.2 -13.7 17.9 8.7
Benin 6.7 6.9 3.8 7.2 6.3
Bhutan -2.0 4.1 - - -
Bolivia 4.2 2.2 -8.7 6.1 3.6
Bosnia-Herz. 4.6 2.3 -2.9 7.3 3.8
Botswana 4.2 3.0 -8.7 11.9 5.5
Brazil 1.8 1.2 -3.3 4.8 3.0
Brunei 0.1 3.9 1.1 -1.6 -1.6
Bulgaria 2.6 4.0 -4.0 7.7 3.9
Burkina Faso 6.6 5.7 1.9 6.9 -
Burundi 1.6 1.8 0.3 3.1 1.8
Cabo Verde 3.7 6.9 -20.8 5.6 17.1
Cambodia 7.5 7.1 -3.1 3.0 5.3
Cameroon 4.0 3.5 0.3 3.5 3.4
Canada 2.7 1.9 -5.0 5.3 3.8
CdI 4.8 6.7 0.9 7.4 6.7
Central African Republic 3.8 3.0 1.0 1.0 -
Chad 2.4 3.4 -2.1 -1.2 -
Chile 4.0 0.7 -6.1 11.7 2.4
China 6.7 6.0 2.2 8.4 3.0
Colombia 2.6 3.2 -7.2 10.8 7.3
Comoros 3.6 1.8 -0.2 2.1 -
Congo 4.8 4.5 1.7 - -
Costa Rica 2.6 2.4 -4.3 7.9 4.6
Croatia 2.8 3.4 -8.6 13.8 6.3
Cuba 2.2 -0.2 -10.9 1.3 1.8
Cyprus 5.6 5.5 -3.4 9.9 5.1
Czech Republic 3.2 3.0 -5.5 3.5 2.4
Denmark 2.0 1.5 -2.4 6.8 2.7
Djibouti 4.8 5.5 1.3 4.5 3.2
Dominica 3.5 5.5 -16.6 6.9 5.6
Dominican Republic 7.0 5.1 -6.7 12.3 4.9
DR Congo 5.8 4.4 1.7 6.2 8.9
Ecuador 1.0 0.2 -9.2 9.8 6.2
Egypt 5.3 5.5 3.6 3.3 6.7
El Salvador 2.4 2.4 -7.9 11.2 2.6
Equatorial Guinea -6.2 -5.5 -4.8 -0.4 -
Eritrea 13.0 3.8 -0.5 2.9 2.6
Estonia 3.8 4.0 -1.0 7.2 -0.5
Ethiopia 8.3 6.1 5.6 5.3 -
Euro Area 1.8 1.6 -6.2 5.9 3.5
Fiji 3.8 -0.6 -17.0 -4.9 20.0
Finland 1.1 1.2 -2.4 2.8 1.3
France 1.8 1.9 -7.7 6.4 2.5
Gabon 0.9 3.8 -1.8 1.5 -
Gambia, The 7.2 6.2 0.6 5.3 -
Georgia 4.9 5.0 -6.7 10.5 10.4
Germany 1.0 1.1 -3.8 3.2 1.8
Ghana 6.2 6.5 0.5 5.1 3.1
Greece 1.6 1.8 -9.0 8.1 5.7
Grenada 4.3 0.7 -13.8 4.7 -
Guatemala 3.4 4.0 -1.8 8.0 4.1
Guinea 6.4 5.6 4.7 5.0 -
Guinea-Bissau 3.8 5.5 1.5 6.1 4.2
Guyana 4.4 5.4 43.5 20.1 -
Haiti 1.7 -1.7 -3.3 -1.8 -1.7
Honduras 3.8 2.7 -9.0 12.5 4.0
Hong Kong 2.8 -1.7 -6.5 6.5 -3.7
Hungary 5.4 4.9 -4.5 7.1 4.6
Iceland 4.9 1.9 -6.9 5.1 8.9
India 6.5 3.9 -5.8 9.7 7.0
Indonesia 5.2 5.0 -2.1 3.7 5.3
Iran -1.8 -3.1 3.3 4.7 3.8
Iraq 2.6 5.5 -12.0 1.6 7.0
Ireland 8.5 5.3 6.6 15.1 9.4
Israel 4.2 3.8 -1.4 9.3 6.4
Italy 0.8 0.5 -9.0 8.3 4.1
Jamaica 1.8 1.0 -9.9 4.6 5.2
Japan 0.6 -0.4 -4.1 2.6 1.0
Jordan 1.9 1.8 -1.1 3.7 2.4
Kazakhstan 4.1 4.5 -2.5 4.3 3.3
Kenya 5.6 5.1 -0.3 7.6 4.8
Kiribati 5.1 -2.2 -1.7 7.9 -
Korea 2.9 2.2 -0.7 4.3 2.6
Kosovo 3.4 4.8 -5.3 10.7 4.3
Kuwait 2.4 -0.6 -8.9 7.7 6.1
Kyrgyzstan 3.8 4.6 -8.4 3.6 7.0
Laos 6.2 5.5 0.5 2.5 2.7
Latvia 4.0 0.6 -3.5 6.7 3.0
Lebanon -1.9 -6.9 -21.4 -7.0 -
Lesotho -1.3 -2.0 -3.9 1.8 -
Liberia 1.2 -2.5 -3.0 5.0 -
Libya 7.9 -11.2 -29.5 28.3 -
Lithuania 4.0 4.6 0.1 6.2 2.4
Luxembourg 1.2 2.3 -0.8 7.7 1.4
Macao 6.5 -2.5 -54.2 19.3 -26.8
Madagascar 3.2 4.4 -7.1 5.7 4.0
Malawi 4.4 5.4 0.9 4.6 0.8
Malaysia 4.8 4.4 -5.5 3.3 8.7
Maldives 8.1 6.9 -33.4 41.7 13.9
Mali 4.7 4.8 -1.2 3.1 3.7
Malta 7.4 7.1 -8.2 12.5 8.1
Marshall Islands 5.7 10.2 -2.7 0.9 -4.5
Mauritania 4.8 5.4 -0.9 2.4 -
Mauritius 4.0 2.9 -14.5 3.4 8.9
Mexico 2.0 -0.3 -8.6 5.7 3.9
Micronesia, Federated States of 1.0 1.9 -3.3 -2.3 -0.2
Moldova 4.1 3.6 -8.3 13.9 -5.9
Mongolia 7.7 5.6 -4.6 1.6 5.0
Montenegro 5.1 4.1 -15.3 13.0 6.4
Morocco 3.1 2.9 -7.2 8.0 1.3
Mozambique 3.4 2.3 -1.2 2.4 4.2
Myanmar 6.3 6.6 -9.0 -12.0 4.0
Namibia 1.1 -0.8 -8.1 3.5 4.6
Nauru -5.5 5.7 1.0 0.7 0.3
Nepal 7.6 6.7 -2.4 4.8 5.6
Netherlands 2.4 2.0 -3.9 6.2 4.3
New Zealand 3.5 3.1 -1.4 5.6 2.4
Nicaragua -3.4 -2.9 -1.8 10.3 3.8
Niger 7.0 6.1 3.5 1.4 -
Nigeria 1.9 2.3 -1.9 3.4 3.1
North Macedonia 2.9 3.9 -4.7 4.5 2.2
Norway 1.2 1.1 -1.8 4.0 3.0
Oman 1.3 -1.1 -3.4 2.6 9.6
Pakistan 6.2 2.5 -1.3 6.5 4.8
Palau 1.4 0.2 -7.5 -13.7 -
Panama 3.7 3.3 -17.7 15.8 10.8
Papua New Guinea -0.3 4.5 -3.2 -0.8 5.2
Paraguay 3.2 -0.4 -0.8 4.0 0.2
Peru 4.0 2.2 -10.9 13.4 2.7
Philippines 6.3 6.1 -9.5 5.7 7.6
Poland 6.0 4.5 -2.0 6.9 5.4
Portugal 2.8 2.7 -8.3 5.7 6.8
Puerto Rico -4.4 1.7 -4.2 0.4 3.2
Qatar 1.2 0.7 -3.6 1.6 4.2
Romania 6.0 3.9 -3.7 5.7 4.1
Russia 2.8 2.2 -2.7 5.6 -2.1
Rwanda 8.5 9.5 -3.4 10.9 8.2
Saint Kitts and Nevis 2.0 4.1 -14.6 -0.9 8.8
Saint Lucia 2.8 -0.2 -23.6 11.3 15.7
Saint Vincent and the Grenadines 3.1 0.4 -5.3 0.5 2.6
Samoa -0.6 4.5 -3.1 -7.1 -5.3
San Marino 1.5 2.0 -6.8 14.2 -
Sao Tome and Principe 4.4 2.0 2.6 - -
Saudi Arabia 3.2 1.1 -3.6 5.1 7.5
Senegal 6.6 4.3 1.5 6.6 2.5
Serbia 4.5 4.3 -0.9 7.7 2.5
Seychelles 6.2 5.2 -8.5 2.5 -
Sierra Leone 3.5 5.3 -2.0 4.1 -
Singapore 3.5 1.3 -3.9 9.7 3.8
Slovakia 4.0 2.5 -3.3 4.8 1.8
Slovenia 4.5 3.5 -4.2 8.2 2.5
Solomon Islands 2.7 1.7 -3.4 -0.6 -4.1
Somalia 3.0 3.6 -2.6 3.3 2.4
South Africa 1.6 0.3 -6.0 4.7 1.9
South Sudan -2.1 0.9 -6.5 5.3 -
Spain 2.3 2.0 -11.2 6.4 5.8
Sri Lanka 2.3 -0.2 -4.6 3.5 -7.8
Sudan 2.8 -1.4 -1.6 -1.9 -
Suriname 4.9 1.2 -16.0 -2.4 2.4
Swaziland 4,289,359,368 4,404,836,143 4,336,136,436 4,799,380,522 4,822,246,928
Sweden 2.0 2.0 -2.3 5.9 2.8
Switzerland 2.9 1.2 -2.3 5.4 2.7
Taiwan 2.8 3.1 3.4 6.6 2.6
Tajikistan 7.6 7.4 4.4 9.4 8.0
Tanzania 7.0 7.0 4.8 4.9 4.7
Thailand 4.2 2.1 -6.1 1.6 2.5
Timor-Leste -0.7 23.4 32.0 5.3 -20.5
Togo 4.8 4.9 2.0 6.0 5.8
Tonga 0.2 0.7 0.5 -2.6 -2.0
Trinidad and Tobago -1.3 0.7 -9.6 -1.6 3.4
Tunisia 2.6 1.6 -8.6 4.6 2.6
Turkey 3.0 0.8 1.9 11.4 5.5
Turkmenistan 0.9 -3.4 -2.9 4.6 1.6
Tuvalu 1.8 13.8 -4.5 3.2 -
UAE 1.3 1.1 -5.0 4.4 7.9
Uganda 5.6 7.6 -1.1 5.5 6.3
Ukraine 3.5 3.2 -3.8 3.5 -29.1
United Kingdom 1.4 1.6 -10.4 8.7 4.3
United States 3.0 2.5 -2.2 5.8 1.9
Uruguay 0.2 0.7 -6.3 5.3 4.9
Uzbekistan 5.5 6.0 2.0 7.4 5.7
Vanuatu 2.9 3.2 -5.0 - -
Venezuela -19.6 -27.7 -30.0 0.5 11.8
Vietnam 7.5 7.4 2.9 2.6 8.0
West Bank and Gaza 1.2 1.4 -11.3 7.0 4.1
Yemen -0.8 1.4 1.2 -1.0 2.0
Zambia 3.7 1.8 -2.8 4.6 4.7
Zimbabwe 5.0 -6.3 -7.8 8.5 6.5

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