Gross Domestic Product — Value US$, annual growth rate in Palestine
Palestine: Gross Domestic Product — Value US$, annual growth rate was -23.18 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Palestine, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Palestine stood at -23.18 % change on previous year. That is the lowest value across all 54 years on record.
Compared with earlier readings it is down 151.1% on the previous year and down 760.6% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Palestine peaked at 60.53 % change on previous year in 1986 and was at its lowest, -23.18 % change on previous year, in 2024.
That places Palestine 231st out of 236 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Palestine, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 14.75 % change on previous year | — |
| 1972 | 45.13 % change on previous year | +206.0% |
| 1973 | 24.67 % change on previous year | -45.3% |
| 1974 | 56.63 % change on previous year | +129.5% |
| 1975 | 0.383 % change on previous year | -99.3% |
| 1976 | 17.5 % change on previous year | +4469.3% |
| 1977 | 2.97 % change on previous year | -83.0% |
| 1978 | 3.98 % change on previous year | +34.2% |
| 1979 | 16.17 % change on previous year | +306.1% |
| 1980 | 26.93 % change on previous year | +66.6% |
| 1981 | -7.66 % change on previous year | -128.5% |
| 1982 | 6.29 % change on previous year | -182.1% |
| 1983 | 3.76 % change on previous year | -40.3% |
| 1984 | -1.61 % change on previous year | -142.9% |
| 1985 | -6.63 % change on previous year | +310.7% |
| 1986 | 60.53 % change on previous year | -1012.8% |
| 1987 | 10.27 % change on previous year | -83.0% |
| 1988 | 5.53 % change on previous year | -46.2% |
| 1989 | -5 % change on previous year | -190.4% |
| 1990 | 8.57 % change on previous year | -271.4% |
| 1991 | 7.8 % change on previous year | -9.0% |
| 1992 | 23.32 % change on previous year | +199.0% |
| 1993 | 7.72 % change on previous year | -66.9% |
| 1994 | 2.57 % change on previous year | -66.7% |
| 1995 | 15.46 % change on previous year | +500.8% |
| 1996 | 3.86 % change on previous year | -75.0% |
| 1997 | 10.27 % change on previous year | +165.9% |
| 1998 | 8.19 % change on previous year | -20.2% |
| 1999 | 5 % change on previous year | -39.0% |
| 2000 | 0.9927 % change on previous year | -80.1% |
| 2001 | -7.18 % change on previous year | -823.7% |
| 2002 | -11.19 % change on previous year | +55.7% |
| 2003 | 11.59 % change on previous year | -203.6% |
| 2004 | 16.01 % change on previous year | +38.1% |
| 2005 | 11.35 % change on previous year | -29.1% |
| 2006 | 4.34 % change on previous year | -61.7% |
| 2007 | 8.74 % change on previous year | +101.2% |
| 2008 | 25.7 % change on previous year | +194.1% |
| 2009 | 10.61 % change on previous year | -58.7% |
| 2010 | 19.74 % change on previous year | +86.1% |
| 2011 | 15.54 % change on previous year | -21.3% |
| 2012 | 9.14 % change on previous year | -41.2% |
| 2013 | 10.71 % change on previous year | +17.2% |
| 2014 | 3.51 % change on previous year | -67.2% |
| 2015 | -0.1237 % change on previous year | -103.5% |
| 2016 | 10.26 % change on previous year | -8393.5% |
| 2017 | 4.69 % change on previous year | -54.3% |
| 2018 | 0.9214 % change on previous year | -80.4% |
| 2019 | 5.26 % change on previous year | +471.4% |
| 2020 | -9.35 % change on previous year | -277.6% |
| 2021 | 16.59 % change on previous year | -277.5% |
| 2022 | 5.83 % change on previous year | -64.8% |
| 2023 | -9.23 % change on previous year | -258.2% |
| 2024 | -23.18 % change on previous year | +151.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Palestine changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +8393.5% | -0.1237 % change on previous year | 10.26 % change on previous year |
| 1976 | +4469.3% | 0.383 % change on previous year | 17.5 % change on previous year |
| 1986 | +1012.8% | -6.63 % change on previous year | 60.53 % change on previous year |
| 2001 | -823.7% | 0.9927 % change on previous year | -7.18 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.24 % change on previous year | 0.383 % change on previous year | 56.63 % change on previous year | 9 |
| 1980s | 9.24 % change on previous year | -7.66 % change on previous year | 60.53 % change on previous year | 10 |
| 1990s | 9.28 % change on previous year | 2.57 % change on previous year | 23.32 % change on previous year | 10 |
| 2000s | 7.1 % change on previous year | -11.19 % change on previous year | 25.7 % change on previous year | 10 |
| 2010s | 7.96 % change on previous year | -0.1237 % change on previous year | 19.74 % change on previous year | 10 |
| 2020s | -3.87 % change on previous year | -23.18 % change on previous year | 16.59 % change on previous year | 5 |
Countries ranked near Palestine
- 229 Ethiopia -10.67 % change on previous year compare
- 230 Malawi -13.46 % change on previous year compare
- 231 Palestine -23.18 % change on previous year compare
- 233 Myanmar -35.15 % change on previous year compare
- 234 Syria -37.09 % change on previous year compare
- 234 Syrian Arab Republic -37.09 % change on previous year compare
More economy & growth data for Palestine
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -30.74 % (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$, 2015 prices 24.34 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 22.48 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 24.34 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency -30.22 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -30.74 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices -26.56 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Palestine?
- Gross domestic product — value us$, annual growth rate in Palestine was -23.18 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Palestine?
- The highest recorded value was 60.53 % change on previous year in 1986.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Palestine?
- The lowest recorded value was -23.18 % change on previous year in 2024.
- How does Palestine rank for gross domestic product — value us$, annual growth rate?
- Palestine ranks 231st out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Palestine?
- Over the last ten years it is down 760.6%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.