GDP Deflator — Value Standard Local Currency, 2015 prices in Palestine
Palestine: GDP Deflator — Value Standard Local Currency, 2015 prices was 123.17 SLC in 2024. ▲ Rising
GDP Deflator — Value Standard Local Currency, 2015 prices in Palestine, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices in Palestine stood at 123.17 SLC. That is the highest value across all 55 years on record.
That represents a change of up 4.6% on the previous year and up 18.6% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Palestine peaked at 123.17 SLC in 2024 and was at its lowest, 17.43 SLC, in 1970.
Palestine ranks 143rd of 209 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value Standard Local Currency, 2015 prices in Palestine, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 17.43 SLC | — |
| 1971 | 17.56 SLC | +0.7% |
| 1972 | 21.8 SLC | +24.1% |
| 1973 | 28.28 SLC | +29.7% |
| 1974 | 36.29 SLC | +28.3% |
| 1975 | 36.03 SLC | -0.7% |
| 1976 | 36.73 SLC | +1.9% |
| 1977 | 38.2 SLC | +4.0% |
| 1978 | 35.2 SLC | -7.9% |
| 1979 | 41.55 SLC | +18.0% |
| 1980 | 46.02 SLC | +10.8% |
| 1981 | 45.33 SLC | -1.5% |
| 1982 | 44.37 SLC | -2.1% |
| 1983 | 47.86 SLC | +7.9% |
| 1984 | 44.84 SLC | -6.3% |
| 1985 | 42.13 SLC | -6.0% |
| 1986 | 56.68 SLC | +34.5% |
| 1987 | 64.2 SLC | +13.3% |
| 1988 | 68.7 SLC | +7.0% |
| 1989 | 63.85 SLC | -7.1% |
| 1990 | 58.26 SLC | -8.7% |
| 1991 | 65.57 SLC | +12.5% |
| 1992 | 65.27 SLC | -0.5% |
| 1993 | 63.58 SLC | -2.6% |
| 1994 | 56.22 SLC | -11.6% |
| 1995 | 60.59 SLC | +7.8% |
| 1996 | 62.18 SLC | +2.6% |
| 1997 | 59.79 SLC | -3.8% |
| 1998 | 56.58 SLC | -5.4% |
| 1999 | 54.87 SLC | -3.0% |
| 2000 | 60.6 SLC | +10.4% |
| 2001 | 62.02 SLC | +2.3% |
| 2002 | 62.94 SLC | +1.5% |
| 2003 | 61.6 SLC | -2.1% |
| 2004 | 58.61 SLC | -4.9% |
| 2005 | 58.65 SLC | +0.1% |
| 2006 | 61.81 SLC | +5.4% |
| 2007 | 64.76 SLC | +4.8% |
| 2008 | 75.77 SLC | +17.0% |
| 2009 | 77.17 SLC | +1.9% |
| 2010 | 87.36 SLC | +13.2% |
| 2011 | 92.09 SLC | +5.4% |
| 2012 | 94.73 SLC | +2.9% |
| 2013 | 100.17 SLC | +5.7% |
| 2014 | 103.85 SLC | +3.7% |
| 2015 | 100 SLC | -3.7% |
| 2016 | 101.28 SLC | +1.3% |
| 2017 | 104.55 SLC | +3.2% |
| 2018 | 104.23 SLC | -0.3% |
| 2019 | 108.24 SLC | +3.8% |
| 2020 | 110.64 SLC | +2.2% |
| 2021 | 120.55 SLC | +9.0% |
| 2022 | 122.58 SLC | +1.7% |
| 2023 | 117.75 SLC | -3.9% |
| 2024 | 123.17 SLC | +4.6% |
Palestine compared with similar countries
- Palestine's 123.17 SLC is below the median for lower middle income countries, which is 154.79 SLC, 80% of the median. (41 countries reporting)
- Palestine's 123.17 SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 137.21 SLC, 90% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.91 SLC | 17.43 SLC | 41.55 SLC | 10 |
| 1980s | 52.4 SLC | 42.13 SLC | 68.7 SLC | 10 |
| 1990s | 60.29 SLC | 54.87 SLC | 65.57 SLC | 10 |
| 2000s | 64.39 SLC | 58.61 SLC | 77.17 SLC | 10 |
| 2010s | 99.65 SLC | 87.36 SLC | 108.24 SLC | 10 |
| 2020s | 118.94 SLC | 110.64 SLC | 123.17 SLC | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Real gdp growth, annual growth rate -123.81 % change on previous year (2023)
- Foreign direct investment, net outflows (BoP, current US$), gaps 14.66 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.71 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 329.83 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.37 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0192 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 60.93 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 37.44 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1063 includes gold, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Palestine?
- Gdp deflator — value standard local currency, 2015 prices in Palestine was 123.17 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Palestine?
- The highest recorded value was 123.17 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Palestine?
- The lowest recorded value was 17.43 SLC in 1970.
- How does Palestine rank for gdp deflator — value standard local currency, 2015 prices?
- Palestine ranks 143rd out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Palestine?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is rising.
- Where does this Palestine data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).