Gross domestic product (GDP), annual growth rate (Bolt) in Palestine
Palestine: Gross domestic product (GDP), annual growth rate (Bolt) was 3.93 % change on previous year in 2022. ◆ Volatile
Latest (2022)
3.93 % change on previous year
Change on year
down 43.9%
World rank
76th
of 166 countries
All-time high
21.98 % change on previous year
in 1974
All-time low
-19.14 % change on previous year
in 1968
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Palestine, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Palestine recorded 3.93 % change on previous year for gross domestic product (gdp), annual growth rate in 2022.
That represents a change of down 43.9% on the previous year and down 37.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Palestine peaked at 21.98 % change on previous year in 1974 and was at its lowest, -19.14 % change on previous year, in 1968.
That places Palestine 76th out of 166 countries with data for 2022, 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), annual growth rate (Bolt) in Palestine, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 4.32 % change on previous year | — |
| 1952 | 4.71 % change on previous year | +9.0% |
| 1953 | 4.74 % change on previous year | +0.7% |
| 1954 | 4.82 % change on previous year | +1.7% |
| 1955 | 4.16 % change on previous year | -13.8% |
| 1956 | 4.06 % change on previous year | -2.4% |
| 1957 | 4.51 % change on previous year | +11.0% |
| 1958 | 3.17 % change on previous year | -29.8% |
| 1959 | 7.02 % change on previous year | +121.8% |
| 1960 | 5.89 % change on previous year | -16.0% |
| 1961 | 1.46 % change on previous year | -75.2% |
| 1962 | 6.27 % change on previous year | +329.0% |
| 1963 | 6.23 % change on previous year | -0.6% |
| 1964 | 6.62 % change on previous year | +6.3% |
| 1965 | 7.13 % change on previous year | +7.7% |
| 1966 | 10.14 % change on previous year | +42.3% |
| 1967 | -9.58 % change on previous year | -194.5% |
| 1968 | -19.14 % change on previous year | +99.7% |
| 1969 | 6.52 % change on previous year | -134.0% |
| 1970 | 10.56 % change on previous year | +62.1% |
| 1971 | 13.98 % change on previous year | +32.4% |
| 1972 | 16.86 % change on previous year | +20.6% |
| 1973 | -3.85 % change on previous year | -122.9% |
| 1974 | 21.98 % change on previous year | -670.4% |
| 1975 | 1.17 % change on previous year | -94.7% |
| 1976 | 15.26 % change on previous year | +1205.7% |
| 1977 | -1.01 % change on previous year | -106.6% |
| 1978 | 12.85 % change on previous year | -1366.6% |
| 1979 | -1.6 % change on previous year | -112.4% |
| 1980 | 14.63 % change on previous year | -1015.2% |
| 1981 | -6.21 % change on previous year | -142.5% |
| 1982 | 8.5 % change on previous year | -236.8% |
| 1983 | -3.78 % change on previous year | -144.5% |
| 1984 | 5.01 % change on previous year | -232.6% |
| 1985 | -0.6324 % change on previous year | -112.6% |
| 1986 | 19.35 % change on previous year | -3159.2% |
| 1987 | -2.6 % change on previous year | -113.5% |
| 1988 | -1.42 % change on previous year | -45.5% |
| 1989 | 2.21 % change on previous year | -255.7% |
| 1990 | 18.99 % change on previous year | +759.8% |
| 1991 | -6.8 % change on previous year | -135.8% |
| 1992 | 20.52 % change on previous year | -401.7% |
| 1993 | 7.6 % change on previous year | -62.9% |
| 1994 | 12.91 % change on previous year | +69.8% |
| 1995 | 4.21 % change on previous year | -67.4% |
| 1996 | -1.5 % change on previous year | -135.6% |
| 1997 | 11.56 % change on previous year | -871.3% |
| 1998 | 11.28 % change on previous year | -2.5% |
| 1999 | 5.37 % change on previous year | -52.3% |
| 2000 | -11.05 % change on previous year | -305.6% |
| 2001 | -11.73 % change on previous year | +6.2% |
| 2002 | -14.84 % change on previous year | +26.6% |
| 2003 | 10.91 % change on previous year | -173.5% |
| 2004 | 7.38 % change on previous year | -32.4% |
| 2005 | 7.85 % change on previous year | +6.4% |
| 2006 | -6.51 % change on previous year | -183.0% |
| 2007 | 3.74 % change on previous year | -157.5% |
| 2008 | 3.21 % change on previous year | -14.4% |
| 2009 | 5.74 % change on previous year | +79.0% |
| 2010 | 5.18 % change on previous year | -9.7% |
| 2011 | 9.38 % change on previous year | +80.9% |
| 2012 | 6.29 % change on previous year | -32.9% |
| 2013 | 2.2 % change on previous year | -65.0% |
| 2014 | -0.1468 % change on previous year | -106.7% |
| 2015 | 3.43 % change on previous year | -2437.3% |
| 2016 | 8.52 % change on previous year | +148.3% |
| 2017 | 0.9321 % change on previous year | -89.1% |
| 2018 | 0.8193 % change on previous year | -12.1% |
| 2019 | 1.36 % change on previous year | +66.3% |
| 2020 | -11.32 % change on previous year | -930.5% |
| 2021 | 7.01 % change on previous year | -162.0% |
| 2022 | 3.93 % change on previous year | -43.9% |
Palestine compared with similar countries
- Palestine's 3.93 % change on previous year is above the median for lower middle income countries, which is 3.84 % change on previous year, 1.0× the median. (41 countries reporting)
- Palestine's 3.93 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.72 % change on previous year, 1.1× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in Palestine changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +3159.2% | -0.6324 % change on previous year | 19.35 % change on previous year |
| 2015 | +2437.3% | -0.1468 % change on previous year | 3.43 % change on previous year |
| 1978 | +1366.6% | -1.01 % change on previous year | 12.85 % change on previous year |
| 1976 | +1205.7% | 1.17 % change on previous year | 15.26 % change on previous year |
| 1980 | +1015.2% | -1.6 % change on previous year | 14.63 % change on previous year |
| 2020 | -930.5% | 1.36 % change on previous year | -11.32 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 4.61 % change on previous year | 3.17 % change on previous year | 7.02 % change on previous year | 9 |
| 1960s | 2.15 % change on previous year | -19.14 % change on previous year | 10.14 % change on previous year | 10 |
| 1970s | 8.62 % change on previous year | -3.85 % change on previous year | 21.98 % change on previous year | 10 |
| 1980s | 3.5 % change on previous year | -6.21 % change on previous year | 19.35 % change on previous year | 10 |
| 1990s | 8.41 % change on previous year | -6.8 % change on previous year | 20.52 % change on previous year | 10 |
| 2000s | -0.5318 % change on previous year | -14.84 % change on previous year | 10.91 % change on previous year | 10 |
| 2010s | 3.8 % change on previous year | -0.1468 % change on previous year | 9.38 % change on previous year | 10 |
| 2020s | -0.1245 % change on previous year | -11.32 % change on previous year | 7.01 % change on previous year | 3 |
Countries ranked near Palestine
- 73 Guatemala 4.01 % change on previous year compare
- 74 Jamaica 4 % change on previous year compare
- 75 Honduras 4 % change on previous year compare
- 77 Bosnia and Herzegovina 3.9 % change on previous year compare
- 78 Namibia 3.84 % change on previous year compare
- 79 Denmark 3.82 % change on previous year compare
More economy & growth data for Palestine
- 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)
- Total reserves (includes gold, current US$), per capita 337.15 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Palestine?
- Gross domestic product (gdp), annual growth rate in Palestine was 3.93 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Palestine?
- The highest recorded value was 21.98 % change on previous year in 1974.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Palestine?
- The lowest recorded value was -19.14 % change on previous year in 1968.
- How does Palestine rank for gross domestic product (gdp), annual growth rate?
- Palestine ranks 76th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Palestine?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.