🇮🇱 Israel
Public Sector Debt · 2026
Total Debt
79.2%
of GDP
Global Rank
#48
of 192
S&P Rating
A+
Credit rating
SOE Debt
+8.8%
3 categories
Where the Debt Sits
Central Government
Central Government: 69.3%Subnational: 1.1%Energy SOEs: 7.0%Infrastructure: 1.0%Public Corps: 0.8%
Who Holds This Debt
Holder Breakdown
Domestic 75%
Foreign 25%
Domestic: 75%Foreign: 25%
Currency Denomination
Local 85%
Foreign 15%
Local currency: 85%Foreign currency: 15%
Full Debt Breakdown
Central Government69.3% of GDP
Central GovernmentIMF WEO — General Government Debt
69.3%Subnational / Regional1.1% of GDP
SubnationalIMF WEO — General Government Debt
1.1%Energy SOEs7.0% of GDP
Israel Electric Corporation (IEC)S&P / Fitch / IEC financialsNIS 38B debt, down from peak NIS 70B in 2012
7.0%Infrastructure SOEs1.0% of GDP
Israel RailwaysMOF IsraelState railway operator
0.5%El Al Israel Airlines (partial)El Al financialsPartial govt stake
0.3%Mekorot (water)Mekorot annual reportNational water company
0.2%Public Corporations0.8% of GDP
Israel Aerospace Industries (IAI)IAI annual reportDefense/aerospace SOE
0.8%Total Corporate Debt71.3% of GDP
Nonfinancial corporate debtBIS/FRED Q3 2025
71.3%Household Debt42.7% of GDP
Household debtBIS/FRED Q3 2025
42.7%Unfunded Pension Liabilities95.0% of GDP
Legacy budgetary pension unfundedOECD WP 1288; Bank of IsraelPre-2002 civil servant DB. Declining as cohort ages out.
50.0%Budgetary pension obligations (declining)IDI / OECD 2016, declining annuallyCivil servant defined-benefit pensions closed to new members in 2002-2004. Was 54% GDP in 2013, declining toward zero by 2060. Annual spending ~1.5% GDP.
45.0%All Layers Total288.2%
Credit Ratings
S&P
A+
Moody's
Baa1
Fitch
A
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202670.4% GDP
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