Gross domestic product (GDP) in Palestine, State of
Palestine, State of: Gross domestic product (GDP) was 23.13 billion international-$ in 2021 prices in 2025. ▲ Rising
Latest (2025)
23.13 billion international-$ in 2021 prices
Change on year
up 4.3%
World rank
150th
of 198 countries
All-time high
29.38 billion international-$ in 2021 prices
in 2019
All-time low
9.39 billion international-$ in 2021 prices
in 1994
Years of data
32
1994–2025
Gross domestic product (GDP) in Palestine, State of, 1994–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2025, gross domestic product (gdp) in Palestine, State of stood at 23.13 billion international-$ in 2021 prices.
That represents a change of up 4.3% on the previous year and down 10.8% over ten years.
Over the whole period, gross domestic product (gdp) in Palestine, State of peaked at 29.38 billion international-$ in 2021 prices in 2019 and was at its lowest, 9.39 billion international-$ in 2021 prices, in 1994.
Palestine, State of ranks 150th of 198 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Gross domestic product (GDP) in Palestine, State of, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1994 | 9.39 billion international-$ in 2021 prices | — |
| 1995 | 10.05 billion international-$ in 2021 prices | +7.1% |
| 1996 | 10.18 billion international-$ in 2021 prices | +1.2% |
| 1997 | 11.67 billion international-$ in 2021 prices | +14.7% |
| 1998 | 13.34 billion international-$ in 2021 prices | +14.3% |
| 1999 | 14.45 billion international-$ in 2021 prices | +8.3% |
| 2000 | 13.21 billion international-$ in 2021 prices | -8.6% |
| 2001 | 11.98 billion international-$ in 2021 prices | -9.3% |
| 2002 | 10.48 billion international-$ in 2021 prices | -12.5% |
| 2003 | 11.95 billion international-$ in 2021 prices | +14.0% |
| 2004 | 14.57 billion international-$ in 2021 prices | +21.9% |
| 2005 | 16.22 billion international-$ in 2021 prices | +11.3% |
| 2006 | 16.06 billion international-$ in 2021 prices | -1.0% |
| 2007 | 16.67 billion international-$ in 2021 prices | +3.8% |
| 2008 | 17.91 billion international-$ in 2021 prices | +7.4% |
| 2009 | 19.44 billion international-$ in 2021 prices | +8.6% |
| 2010 | 20.57 billion international-$ in 2021 prices | +5.8% |
| 2011 | 22.54 billion international-$ in 2021 prices | +9.6% |
| 2012 | 23.92 billion international-$ in 2021 prices | +6.1% |
| 2013 | 25.04 billion international-$ in 2021 prices | +4.7% |
| 2014 | 25.00 billion international-$ in 2021 prices | -0.2% |
| 2015 | 25.93 billion international-$ in 2021 prices | +3.7% |
| 2016 | 28.23 billion international-$ in 2021 prices | +8.9% |
| 2017 | 28.63 billion international-$ in 2021 prices | +1.4% |
| 2018 | 28.98 billion international-$ in 2021 prices | +1.2% |
| 2019 | 29.38 billion international-$ in 2021 prices | +1.4% |
| 2020 | 26.05 billion international-$ in 2021 prices | -11.3% |
| 2021 | 27.88 billion international-$ in 2021 prices | +7.0% |
| 2022 | 29.02 billion international-$ in 2021 prices | +4.1% |
| 2023 | 28.73 billion international-$ in 2021 prices | -1.0% |
| 2024 | 22.17 billion international-$ in 2021 prices | -22.9% |
| 2025 | 23.13 billion international-$ in 2021 prices | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.51 billion international-$ in 2021 prices | 9.39 billion international-$ in 2021 prices | 14.45 billion international-$ in 2021 prices | 6 |
| 2000s | 14.85 billion international-$ in 2021 prices | 10.48 billion international-$ in 2021 prices | 19.44 billion international-$ in 2021 prices | 10 |
| 2010s | 25.82 billion international-$ in 2021 prices | 20.57 billion international-$ in 2021 prices | 29.38 billion international-$ in 2021 prices | 10 |
| 2020s | 26.16 billion international-$ in 2021 prices | 22.17 billion international-$ in 2021 prices | 29.02 billion international-$ in 2021 prices | 6 |
Countries ranked near Palestine, State of
- 147 Somalia 27.59 billion international-$ in 2021 prices compare
- 148 Equatorial Guinea 26.72 billion international-$ in 2021 prices compare
- 149 Iceland 26.71 billion international-$ in 2021 prices compare
- 151 Montenegro 18.01 billion international-$ in 2021 prices compare
- 152 Burundi 15.35 billion international-$ in 2021 prices compare
- 153 Bahamas 14.54 billion international-$ in 2021 prices compare
More economy & growth data for Palestine, State of
- Manufacturing, value added (constant LCU), per capita 353.55 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -16.22 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.1625 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 492.16 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual -16.22 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.1625 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 492.16 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 8.02 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1481 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 469.58 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Palestine, State of?
- Gross domestic product (gdp) in Palestine, State of was 23.13 billion international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Palestine, State of?
- The highest recorded value was 29.38 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 9.39 billion international-$ in 2021 prices in 1994.
- How does Palestine, State of rank for gross domestic product (gdp)?
- Palestine, State of ranks 150th out of 198 countries with data for 2025.
- Is gross domestic product (gdp) 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 Eurostat, OECD, IMF, and World Bank (2026) – with minor 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.