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.
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 22nd of 22 groups 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 | Value | 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% |
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
More economy & growth data for State of Palestine
- Foreign direct investment (FDI) inflows 162 (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)
- Domestic material consumption per unit of GDP, by type of raw material 2.35 (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)
- 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 22nd out of 22 groups 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.
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