Balanced trade in services in Palestine, State of
Palestine, State of: Balanced trade in services was 1.14 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Palestine, State of, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Palestine, State of is 1.14 US dollars, exchange rate converted, measured in 2024.
That represents a change of down 7.7% on the previous year and up 42.6% over ten years.
Over the whole period, balanced trade in services in Palestine, State of peaked at 1.24 US dollars, exchange rate converted in 2022 and was at its lowest, 0.4357 US dollars, exchange rate converted, in 2005.
That places Palestine, State of 112th out of 174 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Palestine, State of, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.4357 US dollars, exchange rate converted | — |
| 2006 | 0.4464 US dollars, exchange rate converted | +2.5% |
| 2007 | 0.4414 US dollars, exchange rate converted | -1.1% |
| 2008 | 0.5363 US dollars, exchange rate converted | +21.5% |
| 2009 | 0.5465 US dollars, exchange rate converted | +1.9% |
| 2010 | 0.6652 US dollars, exchange rate converted | +21.7% |
| 2011 | 0.6473 US dollars, exchange rate converted | -2.7% |
| 2012 | 0.7376 US dollars, exchange rate converted | +14.0% |
| 2013 | 0.7648 US dollars, exchange rate converted | +3.7% |
| 2014 | 0.7982 US dollars, exchange rate converted | +4.4% |
| 2015 | 0.9643 US dollars, exchange rate converted | +20.8% |
| 2016 | 0.9719 US dollars, exchange rate converted | +0.8% |
| 2017 | 1.04 US dollars, exchange rate converted | +7.4% |
| 2018 | 1.13 US dollars, exchange rate converted | +7.9% |
| 2019 | 1.2 US dollars, exchange rate converted | +6.7% |
| 2020 | 0.7509 US dollars, exchange rate converted | -37.5% |
| 2021 | 0.9861 US dollars, exchange rate converted | +31.3% |
| 2022 | 1.24 US dollars, exchange rate converted | +25.5% |
| 2023 | 1.23 US dollars, exchange rate converted | -0.4% |
| 2024 | 1.14 US dollars, exchange rate converted | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4813 US dollars, exchange rate converted | 0.4357 US dollars, exchange rate converted | 0.5465 US dollars, exchange rate converted | 5 |
| 2010s | 0.8922 US dollars, exchange rate converted | 0.6473 US dollars, exchange rate converted | 1.2 US dollars, exchange rate converted | 10 |
| 2020s | 1.07 US dollars, exchange rate converted | 0.7509 US dollars, exchange rate converted | 1.24 US dollars, exchange rate converted | 5 |
Countries ranked near Palestine, State of
- 109 Chad 1.19 US dollars, exchange rate converted compare
- 110 Georgia 1.16 US dollars, exchange rate converted compare
- 111 Tanzania, United Republic of 1.15 US dollars, exchange rate converted compare
- 113 Nepal 1.13 US dollars, exchange rate converted compare
- 114 Gabon 1.11 US dollars, exchange rate converted compare
- 115 Nicaragua 1.1 US dollars, exchange rate converted compare
More economy & growth data for Palestine, State of
- 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 balanced trade in services in Palestine, State of?
- Balanced trade in services in Palestine, State of was 1.14 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Palestine, State of?
- The highest recorded value was 1.24 US dollars, exchange rate converted in 2022.
- What is the lowest balanced trade in services recorded in Palestine, State of?
- The lowest recorded value was 0.4357 US dollars, exchange rate converted in 2005.
- How does Palestine, State of rank for balanced trade in services?
- Palestine, State of ranks 112th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Palestine, State of?
- Over the last ten years it is up 42.6%. The long-run trend across the full record is rising.
- Where does this Palestine, State of data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html