Gross domestic product (GDP) in Palestine, State of
Palestine, State of: Gross domestic product (GDP) was 37.13 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
37.13 billion international-$ in 2021 prices
Change on year
down 5.6%
World rank
133rd
of 184 countries
All-time high
40.72 billion international-$ in 2021 prices
in 2019
All-time low
1.72 billion international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Palestine, State of, 1970–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Palestine, State of stood at 37.13 billion international-$ in 2021 prices.
That represents a change of down 5.6% on the previous year and up 42.1% over ten years.
Over the whole period, gross domestic product (gdp) in Palestine, State of peaked at 40.72 billion international-$ in 2021 prices in 2019 and was at its lowest, 1.72 billion international-$ in 2021 prices, in 1970.
That places Palestine, State of 133rd out of 184 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Palestine, State of, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 1.72 billion international-$ in 2021 prices | — |
| 1971 | 1.97 billion international-$ in 2021 prices | +14.3% |
| 1972 | 2.34 billion international-$ in 2021 prices | +18.6% |
| 1973 | 2.24 billion international-$ in 2021 prices | -3.9% |
| 1974 | 2.86 billion international-$ in 2021 prices | +27.6% |
| 1975 | 2.80 billion international-$ in 2021 prices | -2.1% |
| 1976 | 3.30 billion international-$ in 2021 prices | +17.9% |
| 1977 | 3.22 billion international-$ in 2021 prices | -2.4% |
| 1978 | 3.72 billion international-$ in 2021 prices | +15.5% |
| 1979 | 3.64 billion international-$ in 2021 prices | -2.1% |
| 1980 | 4.36 billion international-$ in 2021 prices | +19.6% |
| 1981 | 3.86 billion international-$ in 2021 prices | -11.5% |
| 1982 | 4.32 billion international-$ in 2021 prices | +12.0% |
| 1983 | 4.11 billion international-$ in 2021 prices | -4.9% |
| 1984 | 4.37 billion international-$ in 2021 prices | +6.3% |
| 1985 | 4.33 billion international-$ in 2021 prices | -0.8% |
| 1986 | 5.18 billion international-$ in 2021 prices | +19.6% |
| 1987 | 5.01 billion international-$ in 2021 prices | -3.3% |
| 1988 | 4.96 billion international-$ in 2021 prices | -1.1% |
| 1989 | 5.06 billion international-$ in 2021 prices | +2.1% |
| 1990 | 6.00 billion international-$ in 2021 prices | +18.6% |
| 1991 | 5.72 billion international-$ in 2021 prices | -4.6% |
| 1992 | 7.13 billion international-$ in 2021 prices | +24.6% |
| 1993 | 7.91 billion international-$ in 2021 prices | +11.0% |
| 1994 | 9.21 billion international-$ in 2021 prices | +16.4% |
| 1995 | 9.88 billion international-$ in 2021 prices | +7.2% |
| 1996 | 9.86 billion international-$ in 2021 prices | -0.2% |
| 1997 | 11.36 billion international-$ in 2021 prices | +15.2% |
| 1998 | 12.95 billion international-$ in 2021 prices | +14.1% |
| 1999 | 14.02 billion international-$ in 2021 prices | +8.3% |
| 2000 | 12.71 billion international-$ in 2021 prices | -9.4% |
| 2001 | 11.45 billion international-$ in 2021 prices | -9.9% |
| 2002 | 10.22 billion international-$ in 2021 prices | -10.8% |
| 2003 | 11.66 billion international-$ in 2021 prices | +14.1% |
| 2004 | 13.83 billion international-$ in 2021 prices | +18.7% |
| 2005 | 15.19 billion international-$ in 2021 prices | +9.8% |
| 2006 | 15.09 billion international-$ in 2021 prices | -0.7% |
| 2007 | 15.48 billion international-$ in 2021 prices | +2.6% |
| 2008 | 17.08 billion international-$ in 2021 prices | +10.3% |
| 2009 | 18.33 billion international-$ in 2021 prices | +7.3% |
| 2010 | 19.28 billion international-$ in 2021 prices | +5.2% |
| 2011 | 21.49 billion international-$ in 2021 prices | +11.5% |
| 2012 | 25.78 billion international-$ in 2021 prices | +19.9% |
| 2013 | 26.13 billion international-$ in 2021 prices | +1.4% |
| 2014 | 26.91 billion international-$ in 2021 prices | +3.0% |
| 2015 | 30.21 billion international-$ in 2021 prices | +12.3% |
| 2016 | 32.42 billion international-$ in 2021 prices | +7.3% |
| 2017 | 32.84 billion international-$ in 2021 prices | +1.3% |
| 2018 | 34.18 billion international-$ in 2021 prices | +4.1% |
| 2019 | 40.72 billion international-$ in 2021 prices | +19.1% |
| 2020 | 38.37 billion international-$ in 2021 prices | -5.8% |
| 2021 | 37.67 billion international-$ in 2021 prices | -1.8% |
| 2022 | 39.32 billion international-$ in 2021 prices | +4.4% |
| 2023 | 37.13 billion international-$ in 2021 prices | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.78 billion international-$ in 2021 prices | 1.72 billion international-$ in 2021 prices | 3.72 billion international-$ in 2021 prices | 10 |
| 1980s | 4.56 billion international-$ in 2021 prices | 3.86 billion international-$ in 2021 prices | 5.18 billion international-$ in 2021 prices | 10 |
| 1990s | 9.40 billion international-$ in 2021 prices | 5.72 billion international-$ in 2021 prices | 14.02 billion international-$ in 2021 prices | 10 |
| 2000s | 14.10 billion international-$ in 2021 prices | 10.22 billion international-$ in 2021 prices | 18.33 billion international-$ in 2021 prices | 10 |
| 2010s | 29.00 billion international-$ in 2021 prices | 19.28 billion international-$ in 2021 prices | 40.72 billion international-$ in 2021 prices | 10 |
| 2020s | 38.12 billion international-$ in 2021 prices | 37.13 billion international-$ in 2021 prices | 39.32 billion international-$ in 2021 prices | 4 |
Countries ranked near Palestine, State of
- 130 North Macedonia 40.75 billion international-$ in 2021 prices compare
- 131 Brunei Darussalam 38.62 billion international-$ in 2021 prices compare
- 132 Congo 38.48 billion international-$ in 2021 prices compare
- 134 Malawi 36.88 billion international-$ in 2021 prices compare
- 135 Guyana 35.93 billion international-$ in 2021 prices compare
- 136 Equatorial Guinea 35.90 billion international-$ in 2021 prices compare
More economy & growth data for Palestine, State of
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 1,877 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.97 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Palestine, State of?
- Gross domestic product (gdp) in Palestine, State of was 37.13 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Palestine, State of?
- The highest recorded value was 40.72 billion international-$ in 2021 prices in 2019.
- What is the lowest gross domestic product (gdp) recorded in Palestine, State of?
- The lowest recorded value was 1.72 billion international-$ in 2021 prices in 1970.
- How does Palestine, State of rank for gross domestic product (gdp)?
- Palestine, State of ranks 133rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Palestine, State of?
- Over the last ten years it is up 42.1%. The long-run trend across the full record is volatile.
- Where does this Palestine, State of data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.