Gross Domestic Product — Value US$ in Palestine, State of
Palestine, State of: Gross Domestic Product — Value US$ was 13,364 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Palestine, State of, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Palestine, State of is 13,364 million USD, measured in 2024.
The figure is down 23.2% on the previous year and down 4.5% over ten years.
Over the whole period, gross domestic product — value us$ in Palestine, State of peaked at 19,166 million USD in 2022 and was at its lowest, 177.35 million USD, in 1970.
Palestine, State of ranks 139th of 203 countries on this measure, 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$ in Palestine, State of, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 177.35 million USD | — |
| 1971 | 203.51 million USD | +14.7% |
| 1972 | 295.35 million USD | +45.1% |
| 1973 | 368.22 million USD | +24.7% |
| 1974 | 576.73 million USD | +56.6% |
| 1975 | 578.94 million USD | +0.4% |
| 1976 | 680.26 million USD | +17.5% |
| 1977 | 700.45 million USD | +3.0% |
| 1978 | 728.34 million USD | +4.0% |
| 1979 | 846.11 million USD | +16.2% |
| 1980 | 1,074 million USD | +26.9% |
| 1981 | 991.66 million USD | -7.7% |
| 1982 | 1,054 million USD | +6.3% |
| 1983 | 1,094 million USD | +3.8% |
| 1984 | 1,076 million USD | -1.6% |
| 1985 | 1,005 million USD | -6.6% |
| 1986 | 1,613 million USD | +60.5% |
| 1987 | 1,779 million USD | +10.3% |
| 1988 | 1,877 million USD | +5.5% |
| 1989 | 1,783 million USD | -5.0% |
| 1990 | 1,936 million USD | +8.6% |
| 1991 | 2,087 million USD | +7.8% |
| 1992 | 2,573 million USD | +23.3% |
| 1993 | 2,772 million USD | +7.7% |
| 1994 | 2,843 million USD | +2.6% |
| 1995 | 3,283 million USD | +15.5% |
| 1996 | 3,410 million USD | +3.9% |
| 1997 | 3,760 million USD | +10.3% |
| 1998 | 4,068 million USD | +8.2% |
| 1999 | 4,271 million USD | +5.0% |
| 2000 | 4,314 million USD | +1.0% |
| 2001 | 4,004 million USD | -7.2% |
| 2002 | 3,556 million USD | -11.2% |
| 2003 | 3,968 million USD | +11.6% |
| 2004 | 4,603 million USD | +16.0% |
| 2005 | 5,126 million USD | +11.4% |
| 2006 | 5,348 million USD | +4.3% |
| 2007 | 5,816 million USD | +8.7% |
| 2008 | 7,310 million USD | +25.7% |
| 2009 | 8,086 million USD | +10.6% |
| 2010 | 9,682 million USD | +19.7% |
| 2011 | 11,186 million USD | +15.5% |
| 2012 | 12,208 million USD | +9.1% |
| 2013 | 13,516 million USD | +10.7% |
| 2014 | 13,990 million USD | +3.5% |
| 2015 | 13,972 million USD | -0.1% |
| 2016 | 15,405 million USD | +10.3% |
| 2017 | 16,128 million USD | +4.7% |
| 2018 | 16,277 million USD | +0.9% |
| 2019 | 17,134 million USD | +5.3% |
| 2020 | 15,532 million USD | -9.3% |
| 2021 | 18,109 million USD | +16.6% |
| 2022 | 19,166 million USD | +5.8% |
| 2023 | 17,396 million USD | -9.2% |
| 2024 | 13,364 million USD | -23.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 515.53 million USD | 177.35 million USD | 846.11 million USD | 10 |
| 1980s | 1,335 million USD | 991.66 million USD | 1,877 million USD | 10 |
| 1990s | 3,100 million USD | 1,936 million USD | 4,271 million USD | 10 |
| 2000s | 5,213 million USD | 3,556 million USD | 8,086 million USD | 10 |
| 2010s | 13,950 million USD | 9,682 million USD | 17,134 million USD | 10 |
| 2020s | 16,713 million USD | 13,364 million USD | 19,166 million USD | 5 |
Countries ranked near Palestine, State of
- 136 Congo 14,536 million USD compare
- 137 Rwanda 14,019 million USD compare
- 138 Tajikistan 13,992 million USD compare
- 140 Namibia 13,311 million USD compare
- 141 South Sudan 12,979 million USD compare
- 142 Equatorial Guinea 12,538 million USD compare
More economy & growth data for Palestine, State of
- Imports of goods and services (constant 2015 US$), annual growth rate -0.193 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3827 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,213 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -12.12 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -12.12 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -2.7 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0552 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 167.17 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 6.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0363 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Palestine, State of?
- Gross domestic product — value us$ in Palestine, State of was 13,364 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Palestine, State of?
- The highest recorded value was 19,166 million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Palestine, State of?
- The lowest recorded value was 177.35 million USD in 1970.
- How does Palestine, State of rank for gross domestic product — value us$?
- Palestine, State of ranks 139th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Palestine, State of?
- Over the last ten years it is down 4.5%. 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 US$. 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).