GDP in Palestine, State of
Palestine, State of: GDP was 10.96 billion in 2024. ▲ Rising
Latest (2024)
10.96 billion
Change on year
down 26.6%
World rank
67th
of 74 countries
All-time high
15.83 billion
in 2019
All-time low
5.06 billion
in 1994
Years of data
31
1994–2024
GDP in Palestine, State of, 1994–2024
Source: UNICEF.
Analysis
In 2024, gdp in Palestine, State of stood at 10.96 billion.
The figure is down 26.6% on the previous year and down 18.6% over ten years.
Over the whole period, gdp in Palestine, State of peaked at 15.83 billion in 2019 and was at its lowest, 5.06 billion, in 1994.
Palestine, State of ranks 67th of 74 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
GDP in Palestine, State of, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 5.06 billion | — |
| 1995 | 5.42 billion | +7.1% |
| 1996 | 5.48 billion | +1.2% |
| 1997 | 6.29 billion | +14.7% |
| 1998 | 7.19 billion | +14.3% |
| 1999 | 7.78 billion | +8.3% |
| 2000 | 7.12 billion | -8.6% |
| 2001 | 6.46 billion | -9.3% |
| 2002 | 5.65 billion | -12.5% |
| 2003 | 6.44 billion | +14.0% |
| 2004 | 7.85 billion | +21.9% |
| 2005 | 8.74 billion | +11.3% |
| 2006 | 8.65 billion | -1.0% |
| 2007 | 8.98 billion | +3.8% |
| 2008 | 9.65 billion | +7.4% |
| 2009 | 10.48 billion | +8.6% |
| 2010 | 11.08 billion | +5.8% |
| 2011 | 12.15 billion | +9.6% |
| 2012 | 12.89 billion | +6.1% |
| 2013 | 13.49 billion | +4.7% |
| 2014 | 13.47 billion | -0.2% |
| 2015 | 13.97 billion | +3.7% |
| 2016 | 15.21 billion | +8.9% |
| 2017 | 15.43 billion | +1.4% |
| 2018 | 15.62 billion | +1.2% |
| 2019 | 15.83 billion | +1.4% |
| 2020 | 14.04 billion | -11.3% |
| 2021 | 15.02 billion | +7.0% |
| 2022 | 15.63 billion | +4.1% |
| 2023 | 14.92 billion | -4.6% |
| 2024 | 10.96 billion | -26.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.20 billion | 5.06 billion | 7.78 billion | 6 |
| 2000s | 8.00 billion | 5.65 billion | 10.48 billion | 10 |
| 2010s | 13.91 billion | 11.08 billion | 15.83 billion | 10 |
| 2020s | 14.12 billion | 10.96 billion | 15.63 billion | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- Services, value added (constant LCU), per capita 1,292 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.72 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth -12.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8198 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,483 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth -12.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.8198 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 2,483 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.97 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5919 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp in Palestine, State of?
- Gdp in Palestine, State of was 10.96 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Palestine, State of?
- The highest recorded value was 15.83 billion in 2019.
- What is the lowest gdp recorded in Palestine, State of?
- The lowest recorded value was 5.06 billion in 1994.
- How does Palestine, State of rank for gdp?
- Palestine, State of ranks 67th out of 74 countries with data for 2024.
- Is gdp rising or falling in Palestine, State of?
- Over the last ten years it is down 18.6%. The long-run trend across the full record is rising.
- Where does this Palestine, State of data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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