Gross Domestic Product, GDP in millions constant 2021 international $ in Palestine
Palestine: Gross Domestic Product, GDP in millions constant 2021 international $ was 29,016 in 2022. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Palestine, 1991–2022
Source: International Labour Organization.
Analysis
Palestine recorded 29,016 for gross domestic product, gdp in millions constant 2021 international $ in 2022.
That represents a change of up 4.1% on the previous year and up 21.3% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Palestine peaked at 29,376 in 2019 and was at its lowest, 9,386, in 1994.
Palestine ranks 155th of 188 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 millions constant 2021 international $ in Palestine, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 9,630 | — |
| 1992 | 9,704 | +0.8% |
| 1993 | 9,897 | +2.0% |
| 1994 | 9,386 | -5.2% |
| 1995 | 10,054 | +7.1% |
| 1996 | 10,177 | +1.2% |
| 1997 | 11,669 | +14.7% |
| 1998 | 13,342 | +14.3% |
| 1999 | 14,447 | +8.3% |
| 2000 | 13,211 | -8.6% |
| 2001 | 11,981 | -9.3% |
| 2002 | 10,484 | -12.5% |
| 2003 | 11,954 | +14.0% |
| 2004 | 14,575 | +21.9% |
| 2005 | 16,220 | +11.3% |
| 2006 | 16,059 | -1.0% |
| 2007 | 16,667 | +3.8% |
| 2008 | 17,905 | +7.4% |
| 2009 | 19,444 | +8.6% |
| 2010 | 20,567 | +5.8% |
| 2011 | 22,542 | +9.6% |
| 2012 | 23,916 | +6.1% |
| 2013 | 25,040 | +4.7% |
| 2014 | 25,000 | -0.2% |
| 2015 | 25,931 | +3.7% |
| 2016 | 28,229 | +8.9% |
| 2017 | 28,630 | +1.4% |
| 2018 | 28,981 | +1.2% |
| 2019 | 29,376 | +1.4% |
| 2020 | 26,051 | -11.3% |
| 2021 | 27,878 | +7.0% |
| 2022 | 29,016 | +4.1% |
Palestine compared with similar countries
- Palestine's 29,016 is below the median for lower middle income countries, which is 75,074, 39% of the median. (46 countries reporting)
- Palestine's 29,016 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 214,891, 14% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10,923 | 9,386 | 14,447 | 9 |
| 2000s | 14,850 | 10,484 | 19,444 | 10 |
| 2010s | 25,821 | 20,567 | 29,376 | 10 |
| 2020s | 27,649 | 26,051 | 29,016 | 3 |
Countries ranked near Palestine
- 152 Sierra Leone 30,769 compare
- 153 Somalia 29,545 compare
- 154 Equatorial Guinea 29,215 compare
- 156 Iceland 27,776 compare
- 157 Montenegro 19,421 compare
- 158 Bahamas 15,449 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 in millions constant 2021 international $ in Palestine?
- Gross domestic product, gdp in millions constant 2021 international $ in Palestine was 29,016 in 2022, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Palestine?
- The highest recorded value was 29,376 in 2019.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Palestine?
- The lowest recorded value was 9,386 in 1994.
- How does Palestine rank for gross domestic product, gdp in millions constant 2021 international $?
- Palestine ranks 155th out of 188 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 up 21.3%. The long-run trend across the full record is rising.
- Where does this Palestine data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.