Gross Domestic Product, GDP in millions constant 2021 international $ in Palestine
Palestine: Gross Domestic Product, GDP in millions constant 2021 international $ was 4.08 % change on previous year in 2022. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Palestine, 1992–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Palestine is 4.08 % change on previous year, measured in 2022.
The figure is down 41.8% on the previous year and down 33.0% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Palestine peaked at 21.92 % change on previous year in 2004 and was at its lowest, -12.49 % change on previous year, in 2002.
That places Palestine 57th out of 189 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 in millions constant 2021 international $ in Palestine, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 0.7746 % change on previous year | — |
| 1993 | 1.99 % change on previous year | +156.7% |
| 1994 | -5.16 % change on previous year | -359.7% |
| 1995 | 7.12 % change on previous year | -237.8% |
| 1996 | 1.21 % change on previous year | -82.9% |
| 1997 | 14.67 % change on previous year | +1107.9% |
| 1998 | 14.33 % change on previous year | -2.3% |
| 1999 | 8.28 % change on previous year | -42.2% |
| 2000 | -8.56 % change on previous year | -203.3% |
| 2001 | -9.31 % change on previous year | +8.8% |
| 2002 | -12.49 % change on previous year | +34.1% |
| 2003 | 14.02 % change on previous year | -212.2% |
| 2004 | 21.92 % change on previous year | +56.4% |
| 2005 | 11.29 % change on previous year | -48.5% |
| 2006 | -0.9969 % change on previous year | -108.8% |
| 2007 | 3.79 % change on previous year | -480.0% |
| 2008 | 7.43 % change on previous year | +96.1% |
| 2009 | 8.59 % change on previous year | +15.7% |
| 2010 | 5.78 % change on previous year | -32.8% |
| 2011 | 9.6 % change on previous year | +66.2% |
| 2012 | 6.1 % change on previous year | -36.5% |
| 2013 | 4.7 % change on previous year | -22.9% |
| 2014 | -0.1581 % change on previous year | -103.4% |
| 2015 | 3.72 % change on previous year | -2453.2% |
| 2016 | 8.86 % change on previous year | +138.2% |
| 2017 | 1.42 % change on previous year | -84.0% |
| 2018 | 1.23 % change on previous year | -13.6% |
| 2019 | 1.36 % change on previous year | +11.1% |
| 2020 | -11.32 % change on previous year | -930.5% |
| 2021 | 7.01 % change on previous year | -162.0% |
| 2022 | 4.08 % change on previous year | -41.8% |
Palestine compared with similar countries
- Palestine's 4.08 % change on previous year is above the median for lower middle income countries, which is 4.04 % change on previous year, 1.0× the median. (46 countries reporting)
- Palestine's 4.08 % change on previous year is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 3.28 % change on previous year, 1.2× the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 2015 | +2453.2% | -0.1581 % change on previous year | 3.72 % change on previous year |
| 1997 | +1107.9% | 1.21 % change on previous year | 14.67 % 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 |
|---|---|---|---|---|
| 1990s | 5.4 % change on previous year | -5.16 % change on previous year | 14.67 % change on previous year | 8 |
| 2000s | 3.57 % change on previous year | -12.49 % change on previous year | 21.92 % change on previous year | 10 |
| 2010s | 4.26 % change on previous year | -0.1581 % change on previous year | 9.6 % change on previous year | 10 |
| 2020s | -0.0746 % change on previous year | -11.32 % change on previous year | 7.01 % change on previous year | 3 |
Countries ranked near Palestine
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 in millions constant 2021 international $ in Palestine?
- Gross domestic product, gdp in millions constant 2021 international $ in Palestine was 4.08 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Palestine?
- The highest recorded value was 21.92 % change on previous year in 2004.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Palestine?
- The lowest recorded value was -12.49 % change on previous year in 2002.
- How does Palestine rank for gross domestic product, gdp in millions constant 2021 international $?
- Palestine ranks 57th out of 189 countries with data for 2022.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Palestine?
- Over the last ten years it is down 33.0%. 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 in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.