Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Palestine
Palestine: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was -26.56 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Palestine, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices, annual growth rate in Palestine is -26.56 % change on previous year, measured in 2024. That is the lowest value across all 54 years on record.
The figure is down 382.1% on the previous year and down 16,722.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Palestine peaked at 23.88 % change on previous year in 1992 and was at its lowest, -26.56 % change on previous year, in 2024.
That places Palestine 234th out of 236 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Palestine, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 13.89 % change on previous year | — |
| 1972 | 16.95 % change on previous year | +22.0% |
| 1973 | -3.9 % change on previous year | -123.0% |
| 1974 | 22.04 % change on previous year | -664.6% |
| 1975 | 1.12 % change on previous year | -94.9% |
| 1976 | 15.28 % change on previous year | +1265.3% |
| 1977 | -1.02 % change on previous year | -106.7% |
| 1978 | 12.85 % change on previous year | -1362.1% |
| 1979 | -1.58 % change on previous year | -112.3% |
| 1980 | 14.6 % change on previous year | -1023.1% |
| 1981 | -6.25 % change on previous year | -142.8% |
| 1982 | 8.6 % change on previous year | -237.5% |
| 1983 | -3.82 % change on previous year | -144.4% |
| 1984 | 5.03 % change on previous year | -231.7% |
| 1985 | -0.6371 % change on previous year | -112.7% |
| 1986 | 19.32 % change on previous year | -3132.2% |
| 1987 | -2.63 % change on previous year | -113.6% |
| 1988 | -1.39 % change on previous year | -47.3% |
| 1989 | 2.21 % change on previous year | -259.6% |
| 1990 | 18.98 % change on previous year | +757.6% |
| 1991 | -4.21 % change on previous year | -122.2% |
| 1992 | 23.88 % change on previous year | -667.1% |
| 1993 | 10.59 % change on previous year | -55.7% |
| 1994 | 16 % change on previous year | +51.1% |
| 1995 | 7.12 % change on previous year | -55.5% |
| 1996 | 1.22 % change on previous year | -82.9% |
| 1997 | 14.67 % change on previous year | +1107.1% |
| 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 | 21.93 % change on previous year | +56.4% |
| 2005 | 11.29 % change on previous year | -48.5% |
| 2006 | -0.9966 % change on previous year | -108.8% |
| 2007 | 3.79 % change on previous year | -480.1% |
| 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 | -0.1579 % change on previous year | -103.4% |
| 2015 | 3.72 % change on previous year | -2457.2% |
| 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 | -13.5% |
| 2019 | 1.36 % change on previous year | +11.1% |
| 2020 | -11.32 % change on previous year | -930.6% |
| 2021 | 7.01 % change on previous year | -162.0% |
| 2022 | 4.08 % change on previous year | -41.8% |
| 2023 | -5.51 % change on previous year | -234.9% |
| 2024 | -26.56 % change on previous year | +382.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, annual growth rate 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 | +3132.2% | -0.6371 % change on previous year | 19.32 % change on previous year |
| 2015 | +2457.2% | -0.1579 % change on previous year | 3.72 % change on previous year |
| 1978 | +1362.1% | -1.02 % change on previous year | 12.85 % change on previous year |
| 1976 | +1265.3% | 1.12 % change on previous year | 15.28 % change on previous year |
| 1997 | +1107.1% | 1.22 % change on previous year | 14.67 % change on previous year |
| 1980 | +1023.1% | -1.58 % change on previous year | 14.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.4 % change on previous year | -3.9 % change on previous year | 22.04 % change on previous year | 9 |
| 1980s | 3.5 % change on previous year | -6.25 % change on previous year | 19.32 % change on previous year | 10 |
| 1990s | 11.09 % change on previous year | -4.21 % change on previous year | 23.88 % change on previous year | 10 |
| 2000s | 3.57 % change on previous year | -12.49 % change on previous year | 21.93 % change on previous year | 10 |
| 2010s | 4.26 % change on previous year | -0.1579 % change on previous year | 9.6 % change on previous year | 10 |
| 2020s | -6.46 % change on previous year | -26.56 % change on previous year | 7.01 % change on previous year | 5 |
Countries ranked near Palestine
- 231 Venezuela (Bolivarian Republic of) -4.86 % change on previous year compare
- 232 Lebanon -7.5 % change on previous year compare
- 233 Sudan -13.49 % change on previous year compare
- 234 Palestine -26.56 % change on previous year compare
- 236 South Sudan -27.61 % 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 — value us$, 2015 prices, annual growth rate in Palestine?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Palestine was -26.56 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Palestine?
- The highest recorded value was 23.88 % change on previous year in 1992.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Palestine?
- The lowest recorded value was -26.56 % change on previous year in 2024.
- How does Palestine rank for gross domestic product — value us$, 2015 prices, annual growth rate?
- Palestine ranks 234th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate rising or falling in Palestine?
- Over the last ten years it is down 16,722.6%. 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 — Value US$, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 2015 prices Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.