Oz, a noted peace activist, was honored for his novels and his "impressive moral responsibility," said Petra Roth, Frankfurt mayor and jury president, the BBC reported Thursday.
Oz, born in 1939 in Jerusalem, has published 18 books in Hebrew and about 450 articles and essays. He is strongly identified with the Israeli left, and has been one of the leading figures in the Israeli Peace Now movement since it was founded in 1977.
The prize, worth 50,000 euros ($64,675) and named after the great German poet and dramatist Johann Wolfgang Goethe (1749-1832) will be awarded on August 28, Goethe's birthday.
Notable deaths of 2014 [PHOTOS]