Gross Domestic Product — Value US$, 2015 prices in Palestine
Palestine: Gross Domestic Product — Value US$, 2015 prices was 10,850 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Palestine, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in Palestine stood at 10,850 million USD.
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 us$, 2015 prices in Palestine peaked at 15,829 million USD in 2019 and was at its lowest, 1,017 million USD, in 1970.
That places Palestine 164th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Palestine, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,017 million USD | — |
| 1971 | 1,159 million USD | +13.9% |
| 1972 | 1,355 million USD | +16.9% |
| 1973 | 1,302 million USD | -3.9% |
| 1974 | 1,589 million USD | +22.0% |
| 1975 | 1,607 million USD | +1.1% |
| 1976 | 1,852 million USD | +15.3% |
| 1977 | 1,833 million USD | -1.0% |
| 1978 | 2,069 million USD | +12.9% |
| 1979 | 2,036 million USD | -1.6% |
| 1980 | 2,334 million USD | +14.6% |
| 1981 | 2,188 million USD | -6.3% |
| 1982 | 2,376 million USD | +8.6% |
| 1983 | 2,285 million USD | -3.8% |
| 1984 | 2,400 million USD | +5.0% |
| 1985 | 2,385 million USD | -0.6% |
| 1986 | 2,845 million USD | +19.3% |
| 1987 | 2,770 million USD | -2.6% |
| 1988 | 2,732 million USD | -1.4% |
| 1989 | 2,792 million USD | +2.2% |
| 1990 | 3,323 million USD | +19.0% |
| 1991 | 3,183 million USD | -4.2% |
| 1992 | 3,943 million USD | +23.9% |
| 1993 | 4,360 million USD | +10.6% |
| 1994 | 5,058 million USD | +16.0% |
| 1995 | 5,418 million USD | +7.1% |
| 1996 | 5,484 million USD | +1.2% |
| 1997 | 6,288 million USD | +14.7% |
| 1998 | 7,189 million USD | +14.3% |
| 1999 | 7,784 million USD | +8.3% |
| 2000 | 7,118 million USD | -8.6% |
| 2001 | 6,456 million USD | -9.3% |
| 2002 | 5,649 million USD | -12.5% |
| 2003 | 6,441 million USD | +14.0% |
| 2004 | 7,853 million USD | +21.9% |
| 2005 | 8,740 million USD | +11.3% |
| 2006 | 8,653 million USD | -1.0% |
| 2007 | 8,981 million USD | +3.8% |
| 2008 | 9,648 million USD | +7.4% |
| 2009 | 10,477 million USD | +8.6% |
| 2010 | 11,082 million USD | +5.8% |
| 2011 | 12,146 million USD | +9.6% |
| 2012 | 12,887 million USD | +6.1% |
| 2013 | 13,492 million USD | +4.7% |
| 2014 | 13,471 million USD | -0.2% |
| 2015 | 13,972 million USD | +3.7% |
| 2016 | 15,211 million USD | +8.9% |
| 2017 | 15,427 million USD | +1.4% |
| 2018 | 15,616 million USD | +1.2% |
| 2019 | 15,829 million USD | +1.4% |
| 2020 | 14,037 million USD | -11.3% |
| 2021 | 15,022 million USD | +7.0% |
| 2022 | 15,635 million USD | +4.1% |
| 2023 | 14,774 million USD | -5.5% |
| 2024 | 10,850 million USD | -26.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,582 million USD | 1,017 million USD | 2,069 million USD | 10 |
| 1980s | 2,511 million USD | 2,188 million USD | 2,845 million USD | 10 |
| 1990s | 5,203 million USD | 3,183 million USD | 7,784 million USD | 10 |
| 2000s | 8,002 million USD | 5,649 million USD | 10,477 million USD | 10 |
| 2010s | 13,913 million USD | 11,082 million USD | 15,829 million USD | 10 |
| 2020s | 14,064 million USD | 10,850 million USD | 15,635 million USD | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -30.74 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 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$, 2015 prices 24.34 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 22.48 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 24.34 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency -30.22 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -30.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -30.22 % (2024)
- Gross Domestic Product — Value US$, annual growth rate -23.18 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Palestine?
- Gross domestic product — value us$, 2015 prices in Palestine was 10,850 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Palestine?
- The highest recorded value was 15,829 million USD in 2019.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Palestine?
- The lowest recorded value was 1,017 million USD in 1970.
- How does Palestine rank for gross domestic product — value us$, 2015 prices?
- Palestine ranks 164th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Palestine?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).