Gross Domestic Product — Value Standard Local Currency, 2015 prices in Palestine, State of
Palestine, State of: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 10,850 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Palestine, State of, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Palestine, State of is 10,850 million SLC, measured in 2024.
The figure is down 26.6% on the previous year and down 19.5% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Palestine, State of peaked at 15,829 million SLC in 2019 and was at its lowest, 1,017 million SLC, in 1970.
Palestine, State of ranks 163rd of 194 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Palestine, State of, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,017 million SLC | — |
| 1971 | 1,159 million SLC | +13.9% |
| 1972 | 1,355 million SLC | +16.9% |
| 1973 | 1,302 million SLC | -3.9% |
| 1974 | 1,589 million SLC | +22.0% |
| 1975 | 1,607 million SLC | +1.1% |
| 1976 | 1,852 million SLC | +15.3% |
| 1977 | 1,833 million SLC | -1.0% |
| 1978 | 2,069 million SLC | +12.9% |
| 1979 | 2,036 million SLC | -1.6% |
| 1980 | 2,334 million SLC | +14.6% |
| 1981 | 2,188 million SLC | -6.3% |
| 1982 | 2,376 million SLC | +8.6% |
| 1983 | 2,285 million SLC | -3.8% |
| 1984 | 2,400 million SLC | +5.0% |
| 1985 | 2,385 million SLC | -0.6% |
| 1986 | 2,845 million SLC | +19.3% |
| 1987 | 2,770 million SLC | -2.6% |
| 1988 | 2,732 million SLC | -1.4% |
| 1989 | 2,792 million SLC | +2.2% |
| 1990 | 3,323 million SLC | +19.0% |
| 1991 | 3,183 million SLC | -4.2% |
| 1992 | 3,943 million SLC | +23.9% |
| 1993 | 4,360 million SLC | +10.6% |
| 1994 | 5,058 million SLC | +16.0% |
| 1995 | 5,418 million SLC | +7.1% |
| 1996 | 5,484 million SLC | +1.2% |
| 1997 | 6,288 million SLC | +14.7% |
| 1998 | 7,189 million SLC | +14.3% |
| 1999 | 7,784 million SLC | +8.3% |
| 2000 | 7,118 million SLC | -8.6% |
| 2001 | 6,456 million SLC | -9.3% |
| 2002 | 5,649 million SLC | -12.5% |
| 2003 | 6,441 million SLC | +14.0% |
| 2004 | 7,853 million SLC | +21.9% |
| 2005 | 8,740 million SLC | +11.3% |
| 2006 | 8,653 million SLC | -1.0% |
| 2007 | 8,981 million SLC | +3.8% |
| 2008 | 9,648 million SLC | +7.4% |
| 2009 | 10,477 million SLC | +8.6% |
| 2010 | 11,082 million SLC | +5.8% |
| 2011 | 12,146 million SLC | +9.6% |
| 2012 | 12,887 million SLC | +6.1% |
| 2013 | 13,492 million SLC | +4.7% |
| 2014 | 13,471 million SLC | -0.2% |
| 2015 | 13,972 million SLC | +3.7% |
| 2016 | 15,211 million SLC | +8.9% |
| 2017 | 15,427 million SLC | +1.4% |
| 2018 | 15,616 million SLC | +1.2% |
| 2019 | 15,829 million SLC | +1.4% |
| 2020 | 14,037 million SLC | -11.3% |
| 2021 | 15,022 million SLC | +7.0% |
| 2022 | 15,635 million SLC | +4.1% |
| 2023 | 14,774 million SLC | -5.5% |
| 2024 | 10,850 million SLC | -26.6% |
Palestine, State of compared with similar countries
- Palestine, State of's 10,850 million SLC is below the median for lower middle income countries, which is 666,448 million SLC, 2% of the median. (41 countries reporting)
- Palestine, State of's 10,850 million SLC is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.02 million million SLC, 1% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,582 million SLC | 1,017 million SLC | 2,069 million SLC | 10 |
| 1980s | 2,511 million SLC | 2,188 million SLC | 2,845 million SLC | 10 |
| 1990s | 5,203 million SLC | 3,183 million SLC | 7,784 million SLC | 10 |
| 2000s | 8,002 million SLC | 5,649 million SLC | 10,477 million SLC | 10 |
| 2010s | 13,913 million SLC | 11,082 million SLC | 15,829 million SLC | 10 |
| 2020s | 14,064 million SLC | 10,850 million SLC | 15,635 million SLC | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- 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 — value standard local currency, 2015 prices in Palestine, State of?
- Gross domestic product — value standard local currency, 2015 prices in Palestine, State of was 10,850 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Palestine, State of?
- The highest recorded value was 15,829 million SLC in 2019.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Palestine, State of?
- The lowest recorded value was 1,017 million SLC in 1970.
- How does Palestine, State of rank for gross domestic product — value standard local currency, 2015 prices?
- Palestine, State of ranks 163rd out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Palestine, State of?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is volatile.
- Where does this Palestine, State of data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).