GDP growth in Palestine, State of
Palestine, State of: GDP growth was -26.56 in 2024. ◆ Volatile
GDP growth in Palestine, State of, 1995–2024
Source: UNICEF.
Analysis
The most recent figure for gdp growth in Palestine, State of is -26.56, measured in 2024. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 482.9% on the previous year and down 16,722.8% over ten years.
Over the whole period, gdp growth in Palestine, State of peaked at 21.92 in 2004 and was at its lowest, -26.56, in 2024.
That places Palestine, State of 74th out of 74 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Palestine, State of, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 7.12 | — |
| 1996 | 1.21 | -82.9% |
| 1997 | 14.67 | +1107.7% |
| 1998 | 14.33 | -2.3% |
| 1999 | 8.28 | -42.2% |
| 2000 | -8.56 | -203.3% |
| 2001 | -9.31 | +8.8% |
| 2002 | -12.49 | +34.1% |
| 2003 | 14.02 | -212.2% |
| 2004 | 21.92 | +56.4% |
| 2005 | 11.29 | -48.5% |
| 2006 | -0.9966 | -108.8% |
| 2007 | 3.79 | -480.1% |
| 2008 | 7.43 | +96.1% |
| 2009 | 8.59 | +15.7% |
| 2010 | 5.78 | -32.8% |
| 2011 | 9.6 | +66.2% |
| 2012 | 6.1 | -36.5% |
| 2013 | 4.7 | -22.9% |
| 2014 | -0.1579 | -103.4% |
| 2015 | 3.72 | -2457.2% |
| 2016 | 8.86 | +138.2% |
| 2017 | 1.42 | -84.0% |
| 2018 | 1.23 | -13.5% |
| 2019 | 1.36 | +11.1% |
| 2020 | -11.32 | -930.6% |
| 2021 | 7.01 | -162.0% |
| 2022 | 4.08 | -41.8% |
| 2023 | -4.56 | -211.6% |
| 2024 | -26.56 | +482.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.12 | 1.21 | 14.67 | 5 |
| 2000s | 3.57 | -12.49 | 21.92 | 10 |
| 2010s | 4.26 | -0.1579 | 9.6 | 10 |
| 2020s | -6.27 | -26.56 | 7.01 | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- Gross capital formation (current US$), annual growth rate 16.02 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2559 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 811.46 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 16.02 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2559 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 811.46 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 4.62 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2123 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 673.21 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 8.8 % change on previous year (2025)
Frequently asked questions
- What is gdp growth in Palestine, State of?
- Gdp growth in Palestine, State of was -26.56 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Palestine, State of?
- The highest recorded value was 21.92 in 2004.
- What is the lowest gdp growth recorded in Palestine, State of?
- The lowest recorded value was -26.56 in 2024.
- How does Palestine, State of rank for gdp growth?
- Palestine, State of ranks 74th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Palestine, State of?
- Over the last ten years it is down 16,722.8%. The long-run trend across the full record is volatile.
- Where does this Palestine, State of data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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