Annual GDP growth in Palestine
Palestine: Annual GDP growth was -26.6% in 2024. ◆ Volatile
Annual GDP growth in Palestine, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in 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 482.5% on the previous year and down 16,500.0% over ten years.
Over the whole period, annual gdp growth in Palestine peaked at 21.9% in 2004 and was at its lowest, -26.6%, in 2024.
Palestine ranks 212th of 212 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 Palestine, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.6% | — |
| 2001 | -9.3% | +8.8% |
| 2002 | -12.5% | +34.2% |
| 2003 | 14.0% | -212.2% |
| 2004 | 21.9% | +56.3% |
| 2005 | 11.3% | -48.5% |
| 2006 | -1.0% | -108.9% |
| 2007 | 3.8% | -479.0% |
| 2008 | 7.4% | +96.0% |
| 2009 | 8.6% | +15.6% |
| 2010 | 5.8% | -32.7% |
| 2011 | 9.6% | +66.1% |
| 2012 | 6.1% | -36.5% |
| 2013 | 4.7% | -23.0% |
| 2014 | -0.2% | -103.4% |
| 2015 | 3.7% | -2425.0% |
| 2016 | 8.9% | +138.2% |
| 2017 | 1.4% | -84.0% |
| 2018 | 1.2% | -13.4% |
| 2019 | 1.4% | +10.6% |
| 2020 | -11.3% | -932.4% |
| 2021 | 7.0% | -161.9% |
| 2022 | 4.1% | -41.8% |
| 2023 | -4.6% | -211.8% |
| 2024 | -26.6% | +482.5% |
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 Palestine
- 209 South Sudan -10.8% compare
- 210 New Caledonia -13.5% compare
- 211 Sudan -14.0% compare
More economy & growth data for Palestine
- Services, value added (current US$), annual growth rate -11.99 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.6021 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,823 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate -11.99 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 0.6021 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 1,823 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.73 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4076 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 1,292 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 1,292 constant LCU per person (2025)
Frequently asked questions
- What is annual gdp growth in Palestine?
- Annual gdp growth in Palestine was -26.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Palestine?
- The highest recorded value was 21.9% in 2004.
- What is the lowest annual gdp growth recorded in Palestine?
- The lowest recorded value was -26.6% in 2024.
- How does Palestine rank for annual gdp growth?
- Palestine ranks 212th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Palestine?
- Over the last ten years it is down 16,500.0%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).