GDP in Palestine
Palestine: GDP was 13.71 billion in 2024. ◆ Volatile
Latest (2024)
13.71 billion
Change on year
down 23.2%
World rank
68th
of 74 countries
All-time high
19.17 billion
in 2022
All-time low
2.84 billion
in 1994
Years of data
31
1994–2024
GDP in Palestine, 1994–2024
Source: UNICEF.
Analysis
Palestine recorded 13.71 billion for gdp in 2024.
Compared with earlier readings it is down 23.2% on the previous year and down 2.0% over ten years.
Over the whole period, gdp in Palestine peaked at 19.17 billion in 2022 and was at its lowest, 2.84 billion, in 1994.
Palestine ranks 68th of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Palestine, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 2.84 billion | — |
| 1995 | 3.28 billion | +15.5% |
| 1996 | 3.41 billion | +3.9% |
| 1997 | 3.76 billion | +10.3% |
| 1998 | 4.07 billion | +8.2% |
| 1999 | 4.27 billion | +5.0% |
| 2000 | 4.31 billion | +1.0% |
| 2001 | 4.00 billion | -7.2% |
| 2002 | 3.56 billion | -11.2% |
| 2003 | 3.97 billion | +11.6% |
| 2004 | 4.60 billion | +16.0% |
| 2005 | 5.13 billion | +11.4% |
| 2006 | 5.35 billion | +4.3% |
| 2007 | 5.82 billion | +8.7% |
| 2008 | 7.31 billion | +25.7% |
| 2009 | 8.09 billion | +10.6% |
| 2010 | 9.68 billion | +19.7% |
| 2011 | 11.19 billion | +15.5% |
| 2012 | 12.21 billion | +9.1% |
| 2013 | 13.52 billion | +10.7% |
| 2014 | 13.99 billion | +3.5% |
| 2015 | 13.97 billion | -0.1% |
| 2016 | 15.41 billion | +10.3% |
| 2017 | 16.13 billion | +4.7% |
| 2018 | 16.28 billion | +0.9% |
| 2019 | 17.13 billion | +5.3% |
| 2020 | 15.53 billion | -9.3% |
| 2021 | 18.11 billion | +16.6% |
| 2022 | 19.17 billion | +5.8% |
| 2023 | 17.85 billion | -6.9% |
| 2024 | 13.71 billion | -23.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.61 billion | 2.84 billion | 4.27 billion | 6 |
| 2000s | 5.21 billion | 3.56 billion | 8.09 billion | 10 |
| 2010s | 13.95 billion | 9.68 billion | 17.13 billion | 10 |
| 2020s | 16.87 billion | 13.71 billion | 19.17 billion | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- GDP (current US$), annual growth rate 7.18 % change on previous year (2025)
- GDP (current US$), per capita 3,171 current US$ per person (2025)
- GDP (current LCU), annual growth rate 7.18 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 3,171 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.34 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.726 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,302 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.34 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.726 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp in Palestine?
- Gdp in Palestine was 13.71 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Palestine?
- The highest recorded value was 19.17 billion in 2022.
- What is the lowest gdp recorded in Palestine?
- The lowest recorded value was 2.84 billion in 1994.
- How does Palestine rank for gdp?
- Palestine ranks 68th out of 74 countries with data for 2024.
- Is gdp rising or falling in Palestine?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under UNICEF Terms of Use (attribution required).