Gross Domestic Product — Value Standard Local Currency in Palestine
Palestine: Gross Domestic Product — Value Standard Local Currency was 13,364 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Palestine, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Palestine stood at 13,364 million SLC.
Compared with earlier readings it is down 23.2% on the previous year and down 4.5% over ten years.
Over the whole period, gross domestic product — value standard local currency in Palestine peaked at 19,166 million SLC in 2022 and was at its lowest, 177.35 million SLC, in 1970.
Palestine ranks 183rd of 218 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 in Palestine, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 177.35 million SLC | — |
| 1971 | 203.51 million SLC | +14.7% |
| 1972 | 295.35 million SLC | +45.1% |
| 1973 | 368.22 million SLC | +24.7% |
| 1974 | 576.73 million SLC | +56.6% |
| 1975 | 578.94 million SLC | +0.4% |
| 1976 | 680.26 million SLC | +17.5% |
| 1977 | 700.45 million SLC | +3.0% |
| 1978 | 728.34 million SLC | +4.0% |
| 1979 | 846.11 million SLC | +16.2% |
| 1980 | 1,074 million SLC | +26.9% |
| 1981 | 991.66 million SLC | -7.7% |
| 1982 | 1,054 million SLC | +6.3% |
| 1983 | 1,094 million SLC | +3.8% |
| 1984 | 1,076 million SLC | -1.6% |
| 1985 | 1,005 million SLC | -6.6% |
| 1986 | 1,613 million SLC | +60.5% |
| 1987 | 1,779 million SLC | +10.3% |
| 1988 | 1,877 million SLC | +5.5% |
| 1989 | 1,783 million SLC | -5.0% |
| 1990 | 1,936 million SLC | +8.6% |
| 1991 | 2,087 million SLC | +7.8% |
| 1992 | 2,573 million SLC | +23.3% |
| 1993 | 2,772 million SLC | +7.7% |
| 1994 | 2,843 million SLC | +2.6% |
| 1995 | 3,283 million SLC | +15.5% |
| 1996 | 3,410 million SLC | +3.9% |
| 1997 | 3,760 million SLC | +10.3% |
| 1998 | 4,068 million SLC | +8.2% |
| 1999 | 4,271 million SLC | +5.0% |
| 2000 | 4,314 million SLC | +1.0% |
| 2001 | 4,004 million SLC | -7.2% |
| 2002 | 3,556 million SLC | -11.2% |
| 2003 | 3,968 million SLC | +11.6% |
| 2004 | 4,603 million SLC | +16.0% |
| 2005 | 5,126 million SLC | +11.4% |
| 2006 | 5,348 million SLC | +4.3% |
| 2007 | 5,816 million SLC | +8.7% |
| 2008 | 7,310 million SLC | +25.7% |
| 2009 | 8,086 million SLC | +10.6% |
| 2010 | 9,682 million SLC | +19.7% |
| 2011 | 11,186 million SLC | +15.5% |
| 2012 | 12,208 million SLC | +9.1% |
| 2013 | 13,516 million SLC | +10.7% |
| 2014 | 13,990 million SLC | +3.5% |
| 2015 | 13,972 million SLC | -0.1% |
| 2016 | 15,405 million SLC | +10.3% |
| 2017 | 16,128 million SLC | +4.7% |
| 2018 | 16,277 million SLC | +0.9% |
| 2019 | 17,134 million SLC | +5.3% |
| 2020 | 15,532 million SLC | -9.3% |
| 2021 | 18,109 million SLC | +16.6% |
| 2022 | 19,166 million SLC | +5.8% |
| 2023 | 17,396 million SLC | -9.2% |
| 2024 | 13,364 million SLC | -23.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 515.53 million SLC | 177.35 million SLC | 846.11 million SLC | 10 |
| 1980s | 1,335 million SLC | 991.66 million SLC | 1,877 million SLC | 10 |
| 1990s | 3,100 million SLC | 1,936 million SLC | 4,271 million SLC | 10 |
| 2000s | 5,213 million SLC | 3,556 million SLC | 8,086 million SLC | 10 |
| 2010s | 13,950 million SLC | 9,682 million SLC | 17,134 million SLC | 10 |
| 2020s | 16,713 million SLC | 13,364 million SLC | 19,166 million SLC | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 22.48 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 3,004 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 3,004 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 2,641 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 2,641 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 22.48 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 24.34 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -30.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -30.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -30.22 % (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Palestine?
- Gross domestic product — value standard local currency in Palestine was 13,364 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 recorded in Palestine?
- The highest recorded value was 19,166 million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency recorded in Palestine?
- The lowest recorded value was 177.35 million SLC in 1970.
- How does Palestine rank for gross domestic product — value standard local currency?
- Palestine ranks 183rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Palestine?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is volatile.
- Where does this Palestine 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).