Annual GDP growth (%) in State of Palestine
State of Palestine: Annual GDP growth (%) was -26.6% in 2024. ◆ Volatile
Annual GDP growth in State of Palestine, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in State of Palestine is -26.6%, measured in 2024. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 482.9% on the previous year and down 16,722.8% over ten years.
Over the whole period, annual gdp growth in State of Palestine peaked at 21.9% in 2004 and was at its lowest, -26.6%, in 2024.
State of Palestine ranks 230th of 230 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in State of Palestine, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.6% | — |
| 2001 | -9.3% | +8.8% |
| 2002 | -12.5% | +34.1% |
| 2003 | 14.0% | -212.2% |
| 2004 | 21.9% | +56.4% |
| 2005 | 11.3% | -48.5% |
| 2006 | -1.0% | -108.8% |
| 2007 | 3.8% | -480.1% |
| 2008 | 7.4% | +96.1% |
| 2009 | 8.6% | +15.7% |
| 2010 | 5.8% | -32.8% |
| 2011 | 9.6% | +66.2% |
| 2012 | 6.1% | -36.5% |
| 2013 | 4.7% | -22.9% |
| 2014 | -0.2% | -103.4% |
| 2015 | 3.7% | -2457.2% |
| 2016 | 8.9% | +138.2% |
| 2017 | 1.4% | -84.0% |
| 2018 | 1.2% | -13.5% |
| 2019 | 1.4% | +11.1% |
| 2020 | -11.3% | -930.6% |
| 2021 | 7.0% | -162.0% |
| 2022 | 4.1% | -41.8% |
| 2023 | -4.6% | -211.6% |
| 2024 | -26.6% | +482.9% |
Biggest year-on-year movements
Years where Annual GDP growth (%) in State of Palestine 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 |
|---|---|---|---|
| 2015 | +2457.2% | -0.2% | 3.7% |
| 2020 | -930.6% | 1.4% | -11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6% | -12.5% | 21.9% | 10 |
| 2010s | 4.3% | -0.2% | 9.6% | 10 |
| 2020s | -6.3% | -26.6% | 7.0% | 5 |
Countries ranked near State of Palestine
- 227 South Sudan -10.8% compare
- 228 New Caledonia -13.5% compare
- 229 Sudan -14.0% compare
More economy & growth data for State of Palestine
- Foreign direct investment (FDI) inflows 162 million current US$ (2024)
- Annual growth rate of real GDP per employed person -5.0% (2022)
- Manufacturing value added (constant 2020 United States dollars) as a 14.9% (2025)
- Manufacturing value added (current United States dollars) as a 11.3% (2024)
- Annual growth rate of real GDP per capita -24.1% (2024)
- Foreign direct investment, net inflows, as a proportion of GDP 1.2% (2024)
- Annual growth of exports of goods and services -11.1% (2024)
- Annual growth of imports of goods and services -31.1% (2024)
- Annual growth of the gross capital formation -30.0% (2024)
- Current account balance as a proportion of GDP -21.1% (2024)
Frequently asked questions
- What is annual gdp growth in State of Palestine?
- Annual gdp growth in State of Palestine was -26.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in State of Palestine?
- The highest recorded value was 21.9% in 2004.
- What is the lowest annual gdp growth recorded in State of Palestine?
- The lowest recorded value was -26.6% in 2024.
- How does State of Palestine rank for annual gdp growth?
- State of Palestine ranks 230th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in State of Palestine?
- Over the last ten years it is down 16,722.8%. The long-run trend across the full record is volatile.
- Where does this State of Palestine data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).