Gross value added at basic prices (GVA) (constant LCU) in Palestine
Palestine: Gross value added at basic prices (GVA) (constant LCU) was 10.16 billion constant LCU in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Palestine, 1994–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, gross value added at basic prices (gva) in Palestine stood at 10.16 billion constant LCU.
Compared with earlier readings it is up 5.0% on the previous year and down 15.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palestine peaked at 13.49 billion constant LCU in 2019 and was at its lowest, 4.84 billion constant LCU, in 1996.
That places Palestine 167th out of 198 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 32 years of available data.
Gross value added at basic prices (GVA) (constant LCU) in Palestine, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1994 | 5.02 billion constant LCU | — |
| 1995 | 4.97 billion constant LCU | -1.0% |
| 1996 | 4.84 billion constant LCU | -2.5% |
| 1997 | 5.41 billion constant LCU | +11.8% |
| 1998 | 6.14 billion constant LCU | +13.4% |
| 1999 | 6.62 billion constant LCU | +7.9% |
| 2000 | 6.00 billion constant LCU | -9.4% |
| 2001 | 5.69 billion constant LCU | -5.3% |
| 2002 | 5.10 billion constant LCU | -10.3% |
| 2003 | 5.74 billion constant LCU | +12.7% |
| 2004 | 6.88 billion constant LCU | +19.7% |
| 2005 | 7.58 billion constant LCU | +10.3% |
| 2006 | 7.51 billion constant LCU | -1.0% |
| 2007 | 7.65 billion constant LCU | +1.9% |
| 2008 | 8.05 billion constant LCU | +5.3% |
| 2009 | 8.82 billion constant LCU | +9.6% |
| 2010 | 9.46 billion constant LCU | +7.2% |
| 2011 | 10.70 billion constant LCU | +13.1% |
| 2012 | 11.38 billion constant LCU | +6.4% |
| 2013 | 11.98 billion constant LCU | +5.2% |
| 2014 | 11.71 billion constant LCU | -2.3% |
| 2015 | 11.95 billion constant LCU | +2.0% |
| 2016 | 13.05 billion constant LCU | +9.2% |
| 2017 | 13.07 billion constant LCU | +0.2% |
| 2018 | 13.32 billion constant LCU | +1.9% |
| 2019 | 13.49 billion constant LCU | +1.3% |
| 2020 | 11.88 billion constant LCU | -12.0% |
| 2021 | 12.62 billion constant LCU | +6.2% |
| 2022 | 12.80 billion constant LCU | +1.4% |
| 2023 | 12.39 billion constant LCU | -3.2% |
| 2024 | 9.68 billion constant LCU | -21.8% |
| 2025 | 10.16 billion constant LCU | +5.0% |
Palestine compared with similar countries
- Palestine's 10.16 billion constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 2% of the median. (47 countries reporting)
- Palestine's 10.16 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 732.44 billion constant LCU, 1% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.50 billion constant LCU | 4.84 billion constant LCU | 6.62 billion constant LCU | 6 |
| 2000s | 6.90 billion constant LCU | 5.10 billion constant LCU | 8.82 billion constant LCU | 10 |
| 2010s | 12.01 billion constant LCU | 9.46 billion constant LCU | 13.49 billion constant LCU | 10 |
| 2020s | 11.59 billion constant LCU | 9.68 billion constant LCU | 12.80 billion constant LCU | 6 |
Countries ranked near Palestine
- 164 Sudan 12.20 billion constant LCU compare
- 165 Fiji 10.69 billion constant LCU compare
- 166 Solomon Islands 10.41 billion constant LCU compare
- 168 Channel Islands 10.06 billion constant LCU compare
- 169 Tajikistan 10.00 billion constant LCU compare
- 170 Eritrea 7.16 billion constant LCU 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 value added at basic prices (gva) in Palestine?
- Gross value added at basic prices (gva) in Palestine was 10.16 billion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Palestine?
- The highest recorded value was 13.49 billion constant LCU in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Palestine?
- The lowest recorded value was 4.84 billion constant LCU in 1996.
- How does Palestine rank for gross value added at basic prices (gva)?
- Palestine ranks 167th out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Palestine?
- Over the last ten years it is down 15.0%. The long-run trend across the full record is rising.
- Where does this Palestine data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.