Goods and services expense in Israel
Israel: Goods and services expense was 125.86 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Israel, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Israel is 125.86 billion current LCU, measured in 2024. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 31.4% on the previous year and up 123.4% over ten years.
Over the whole period, goods and services expense in Israel peaked at 125.86 billion current LCU in 2024 and was at its lowest, 500,000 current LCU, in 1972.
Israel ranks 57th of 155 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.
Goods and services expense in Israel, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 500,000 current LCU | — |
| 1973 | 1.20 million current LCU | +140.0% |
| 1974 | 1.40 million current LCU | +16.7% |
| 1975 | 2.10 million current LCU | +50.0% |
| 1976 | 2.90 million current LCU | +38.1% |
| 1977 | 3.80 million current LCU | +31.0% |
| 1978 | 5.00 million current LCU | +31.6% |
| 1979 | 13.10 million current LCU | +162.0% |
| 1980 | 29.80 million current LCU | +127.5% |
| 1981 | 56.10 million current LCU | +88.3% |
| 1982 | 115.10 million current LCU | +105.2% |
| 1983 | 335.50 million current LCU | +191.5% |
| 1984 | 1.75 billion current LCU | +421.0% |
| 1985 | 5.61 billion current LCU | +220.9% |
| 1986 | 7.60 billion current LCU | +35.5% |
| 1987 | 7.76 billion current LCU | +2.1% |
| 1988 | 8.66 billion current LCU | +11.5% |
| 1989 | 9.95 billion current LCU | +14.9% |
| 1990 | 12.36 billion current LCU | +24.2% |
| 1991 | 10.65 billion current LCU | -13.8% |
| 1992 | 16.32 billion current LCU | +53.3% |
| 1993 | 16.81 billion current LCU | +3.0% |
| 1994 | 19.51 billion current LCU | +16.1% |
| 1995 | 21.86 billion current LCU | +12.1% |
| 1996 | 27.25 billion current LCU | +24.6% |
| 1997 | 29.44 billion current LCU | +8.0% |
| 1998 | 32.21 billion current LCU | +9.4% |
| 1999 | 33.17 billion current LCU | +3.0% |
| 2000 | 27.38 billion current LCU | -17.5% |
| 2001 | 29.14 billion current LCU | +6.4% |
| 2002 | 33.47 billion current LCU | +14.9% |
| 2003 | 32.16 billion current LCU | -3.9% |
| 2004 | 30.87 billion current LCU | -4.0% |
| 2005 | 33.32 billion current LCU | +7.9% |
| 2006 | 35.33 billion current LCU | +6.0% |
| 2007 | 37.52 billion current LCU | +6.2% |
| 2008 | 38.17 billion current LCU | +1.7% |
| 2009 | 41.55 billion current LCU | +8.8% |
| 2010 | 43.97 billion current LCU | +5.8% |
| 2011 | 47.22 billion current LCU | +7.4% |
| 2012 | 50.22 billion current LCU | +6.3% |
| 2013 | 52.77 billion current LCU | +5.1% |
| 2014 | 56.34 billion current LCU | +6.8% |
| 2015 | 57.69 billion current LCU | +2.4% |
| 2016 | 60.34 billion current LCU | +4.6% |
| 2017 | 63.93 billion current LCU | +6.0% |
| 2018 | 68.33 billion current LCU | +6.9% |
| 2019 | 70.98 billion current LCU | +3.9% |
| 2020 | 76.29 billion current LCU | +7.5% |
| 2021 | 82.46 billion current LCU | +8.1% |
| 2022 | 81.64 billion current LCU | -1.0% |
| 2023 | 95.79 billion current LCU | +17.3% |
| 2024 | 125.86 billion current LCU | +31.4% |
Israel compared with similar countries
- Israel's 125.86 billion current LCU is above the median for high income countries, which is 14.51 billion current LCU, 8.7× the median. (57 countries reporting)
- Israel's 125.86 billion current LCU is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 33.45 billion current LCU, 3.8× the median. (14 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense in Israel changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +421.0% | 335.50 million current LCU | 1.75 billion current LCU |
| 1985 | +220.9% | 1.75 billion current LCU | 5.61 billion current LCU |
| 1983 | +191.5% | 115.10 million current LCU | 335.50 million current LCU |
| 1979 | +162.0% | 5.00 million current LCU | 13.10 million current LCU |
| 1973 | +140.0% | 500,000 current LCU | 1.20 million current LCU |
| 1980 | +127.5% | 13.10 million current LCU | 29.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.75 million current LCU | 500,000 current LCU | 13.10 million current LCU | 8 |
| 1980s | 4.19 billion current LCU | 29.80 million current LCU | 9.95 billion current LCU | 10 |
| 1990s | 21.96 billion current LCU | 10.65 billion current LCU | 33.17 billion current LCU | 10 |
| 2000s | 33.89 billion current LCU | 27.38 billion current LCU | 41.55 billion current LCU | 10 |
| 2010s | 57.18 billion current LCU | 43.97 billion current LCU | 70.98 billion current LCU | 10 |
| 2020s | 92.41 billion current LCU | 76.29 billion current LCU | 125.86 billion current LCU | 5 |
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Frequently asked questions
- What is goods and services expense in Israel?
- Goods and services expense in Israel was 125.86 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Israel?
- The highest recorded value was 125.86 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Israel?
- The lowest recorded value was 500,000 current LCU in 1972.
- How does Israel rank for goods and services expense?
- Israel ranks 57th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Israel?
- Over the last ten years it is up 123.4%. The long-run trend across the full record is volatile.
- Where does this Israel data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.