GDP, PPP in Palestine, State of
Palestine, State of: GDP, PPP was 23.13 billion constant 2021 international $ in 2025. ▲ Rising
GDP, PPP in Palestine, State of, 1994–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
Palestine, State of recorded 23.13 billion constant 2021 international $ for gdp, ppp in 2025.
The figure is up 4.3% on the previous year and down 10.8% over ten years.
Over the whole period, gdp, ppp in Palestine, State of peaked at 29.38 billion constant 2021 international $ in 2019 and was at its lowest, 9.39 billion constant 2021 international $, in 1994.
That places Palestine, State of 152nd out of 200 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
GDP, PPP in Palestine, State of, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1994 | 9.39 billion constant 2021 international $ | — |
| 1995 | 10.05 billion constant 2021 international $ | +7.1% |
| 1996 | 10.18 billion constant 2021 international $ | +1.2% |
| 1997 | 11.67 billion constant 2021 international $ | +14.7% |
| 1998 | 13.34 billion constant 2021 international $ | +14.3% |
| 1999 | 14.45 billion constant 2021 international $ | +8.3% |
| 2000 | 13.21 billion constant 2021 international $ | -8.6% |
| 2001 | 11.98 billion constant 2021 international $ | -9.3% |
| 2002 | 10.48 billion constant 2021 international $ | -12.5% |
| 2003 | 11.95 billion constant 2021 international $ | +14.0% |
| 2004 | 14.57 billion constant 2021 international $ | +21.9% |
| 2005 | 16.22 billion constant 2021 international $ | +11.3% |
| 2006 | 16.06 billion constant 2021 international $ | -1.0% |
| 2007 | 16.67 billion constant 2021 international $ | +3.8% |
| 2008 | 17.91 billion constant 2021 international $ | +7.4% |
| 2009 | 19.44 billion constant 2021 international $ | +8.6% |
| 2010 | 20.57 billion constant 2021 international $ | +5.8% |
| 2011 | 22.54 billion constant 2021 international $ | +9.6% |
| 2012 | 23.92 billion constant 2021 international $ | +6.1% |
| 2013 | 25.04 billion constant 2021 international $ | +4.7% |
| 2014 | 25.00 billion constant 2021 international $ | -0.2% |
| 2015 | 25.93 billion constant 2021 international $ | +3.7% |
| 2016 | 28.23 billion constant 2021 international $ | +8.9% |
| 2017 | 28.63 billion constant 2021 international $ | +1.4% |
| 2018 | 28.98 billion constant 2021 international $ | +1.2% |
| 2019 | 29.38 billion constant 2021 international $ | +1.4% |
| 2020 | 26.05 billion constant 2021 international $ | -11.3% |
| 2021 | 27.88 billion constant 2021 international $ | +7.0% |
| 2022 | 29.02 billion constant 2021 international $ | +4.1% |
| 2023 | 28.73 billion constant 2021 international $ | -1.0% |
| 2024 | 22.17 billion constant 2021 international $ | -22.9% |
| 2025 | 23.13 billion constant 2021 international $ | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.51 billion constant 2021 international $ | 9.39 billion constant 2021 international $ | 14.45 billion constant 2021 international $ | 6 |
| 2000s | 14.85 billion constant 2021 international $ | 10.48 billion constant 2021 international $ | 19.44 billion constant 2021 international $ | 10 |
| 2010s | 25.82 billion constant 2021 international $ | 20.57 billion constant 2021 international $ | 29.38 billion constant 2021 international $ | 10 |
| 2020s | 26.16 billion constant 2021 international $ | 22.17 billion constant 2021 international $ | 29.02 billion constant 2021 international $ | 6 |
Countries ranked near Palestine, State of
- 149 Iceland 26.71 billion constant 2021 international $ compare
- 150 Kosovo 25.96 billion constant 2021 international $ compare
- 150 Kosovo (UNSCR 1244) 25.96 billion constant 2021 international $ compare
- 153 Montenegro 18.01 billion constant 2021 international $ compare
- 154 Burundi 15.35 billion constant 2021 international $ compare
- 155 Bahamas 14.54 billion constant 2021 international $ compare
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, ppp in Palestine, State of?
- Gdp, ppp in Palestine, State of was 23.13 billion constant 2021 international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Palestine, State of?
- The highest recorded value was 29.38 billion constant 2021 international $ in 2019.
- What is the lowest gdp, ppp recorded in Palestine, State of?
- The lowest recorded value was 9.39 billion constant 2021 international $ in 1994.
- How does Palestine, State of rank for gdp, ppp?
- Palestine, State of ranks 152nd out of 200 countries with data for 2025.
- Is gdp, ppp rising or falling in Palestine, State of?
- Over the last ten years it is down 10.8%. The long-run trend across the full record is rising.
- Where does this Palestine, State of data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.