Gross Fixed Capital Formation — Value Standard Local Currency in Palestine, State of
Palestine, State of: Gross Fixed Capital Formation — Value Standard Local Currency was 3,004 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Palestine, State of, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Palestine, State of recorded 3,004 million SLC for gross fixed capital formation — value standard local currency in 2024.
That represents a change of down 30.2% on the previous year and up 1.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Palestine, State of peaked at 4,795 million SLC in 2022 and was at its lowest, 26.91 million SLC, in 1970.
That places Palestine, State of 167th out of 202 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 Fixed Capital Formation — Value Standard Local Currency in Palestine, State of, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 26.91 million SLC | — |
| 1971 | 37.94 million SLC | +41.0% |
| 1972 | 84.75 million SLC | +123.4% |
| 1973 | 106.56 million SLC | +25.7% |
| 1974 | 220.12 million SLC | +106.6% |
| 1975 | 184.32 million SLC | -16.3% |
| 1976 | 233.62 million SLC | +26.7% |
| 1977 | 244.34 million SLC | +4.6% |
| 1978 | 283.96 million SLC | +16.2% |
| 1979 | 324.5 million SLC | +14.3% |
| 1980 | 471.02 million SLC | +45.2% |
| 1981 | 371.53 million SLC | -21.1% |
| 1982 | 418.23 million SLC | +12.6% |
| 1983 | 420.51 million SLC | +0.5% |
| 1984 | 381.63 million SLC | -9.2% |
| 1985 | 382.89 million SLC | +0.3% |
| 1986 | 649.33 million SLC | +69.6% |
| 1987 | 673.97 million SLC | +3.8% |
| 1988 | 713.2 million SLC | +5.8% |
| 1989 | 677.87 million SLC | -5.0% |
| 1990 | 744.53 million SLC | +9.8% |
| 1991 | 803.85 million SLC | +8.0% |
| 1992 | 979.75 million SLC | +21.9% |
| 1993 | 1,055 million SLC | +7.7% |
| 1994 | 1,104 million SLC | +4.7% |
| 1995 | 1,182 million SLC | +7.1% |
| 1996 | 1,181 million SLC | -0.2% |
| 1997 | 1,232 million SLC | +4.3% |
| 1998 | 1,306 million SLC | +6.0% |
| 1999 | 1,682 million SLC | +28.8% |
| 2000 | 1,322 million SLC | -21.4% |
| 2001 | 1,163 million SLC | -12.0% |
| 2002 | 902.5 million SLC | -22.4% |
| 2003 | 1,109 million SLC | +22.9% |
| 2004 | 1,112 million SLC | +0.2% |
| 2005 | 1,223 million SLC | +10.0% |
| 2006 | 1,121 million SLC | -8.4% |
| 2007 | 1,161 million SLC | +3.6% |
| 2008 | 1,314 million SLC | +13.2% |
| 2009 | 1,471 million SLC | +12.0% |
| 2010 | 1,825 million SLC | +24.1% |
| 2011 | 2,358 million SLC | +29.2% |
| 2012 | 2,499 million SLC | +6.0% |
| 2013 | 2,936 million SLC | +17.5% |
| 2014 | 2,960 million SLC | +0.8% |
| 2015 | 3,305 million SLC | +11.6% |
| 2016 | 3,694 million SLC | +11.8% |
| 2017 | 4,193 million SLC | +13.5% |
| 2018 | 4,365 million SLC | +4.1% |
| 2019 | 4,324 million SLC | -0.9% |
| 2020 | 3,529 million SLC | -18.4% |
| 2021 | 4,324 million SLC | +22.5% |
| 2022 | 4,795 million SLC | +10.9% |
| 2023 | 4,306 million SLC | -10.2% |
| 2024 | 3,004 million SLC | -30.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 174.7 million SLC | 26.91 million SLC | 324.5 million SLC | 10 |
| 1980s | 516.02 million SLC | 371.53 million SLC | 713.2 million SLC | 10 |
| 1990s | 1,127 million SLC | 744.53 million SLC | 1,682 million SLC | 10 |
| 2000s | 1,190 million SLC | 902.5 million SLC | 1,471 million SLC | 10 |
| 2010s | 3,246 million SLC | 1,825 million SLC | 4,365 million SLC | 10 |
| 2020s | 3,991 million SLC | 3,004 million SLC | 4,795 million SLC | 5 |
Countries ranked near Palestine, State of
- 164 Solomon Islands 3,424 million SLC compare
- 165 Bahamas 3,423 million SLC compare
- 166 Ethiopia PDR 3,387 million SLC compare
- 168 Eritrea 2,623 million SLC compare
- 169 Netherlands Antilles (former) 2,504 million SLC compare
- 170 Monaco 2,281 million SLC compare
More economy & growth data for Palestine, State of
- Gross capital formation (constant 2015 US$), annual growth rate 4.62 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2123 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 673.21 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 8.8 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.5353 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 1,698 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 8.8 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.5353 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 1,698 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate -0.193 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Palestine, State of?
- Gross fixed capital formation — value standard local currency in Palestine, State of was 3,004 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Palestine, State of?
- The highest recorded value was 4,795 million SLC in 2022.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Palestine, State of?
- The lowest recorded value was 26.91 million SLC in 1970.
- How does Palestine, State of rank for gross fixed capital formation — value standard local currency?
- Palestine, State of ranks 167th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Palestine, State of?
- Over the last ten years it is up 1.5%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).