Gross value added at basic prices (GVA) (current LCU), annual growth in Palestine, State of
Palestine, State of: Gross value added at basic prices (GVA) (current LCU), annual growth was -12.3 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Palestine, State of, 1995–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Palestine, State of stood at -12.3 % change on previous year. That is the lowest value across all 30 years on record.
That represents a change of down 199.8% on the previous year and down 417.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Palestine, State of peaked at 22.7 % change on previous year in 2008 and was at its lowest, -12.3 % change on previous year, in 2024.
Palestine, State of ranks 204th of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Palestine, State of, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1995 | 7.52 % change on previous year | — |
| 1996 | 0.2306 % change on previous year | -96.9% |
| 1997 | 7.74 % change on previous year | +3256.5% |
| 1998 | 7.35 % change on previous year | -5.1% |
| 1999 | 4.37 % change on previous year | -40.6% |
| 2000 | 1.17 % change on previous year | -73.2% |
| 2001 | -3.69 % change on previous year | -416.1% |
| 2002 | -8.98 % change on previous year | +143.2% |
| 2003 | 9.84 % change on previous year | -209.6% |
| 2004 | 13.93 % change on previous year | +41.6% |
| 2005 | 9.77 % change on previous year | -29.9% |
| 2006 | 5.19 % change on previous year | -46.9% |
| 2007 | 7.52 % change on previous year | +44.9% |
| 2008 | 22.7 % change on previous year | +201.9% |
| 2009 | 11.23 % change on previous year | -50.5% |
| 2010 | 19.62 % change on previous year | +74.6% |
| 2011 | 18.47 % change on previous year | -5.8% |
| 2012 | 10.17 % change on previous year | -45.0% |
| 2013 | 8.96 % change on previous year | -11.9% |
| 2014 | 3.88 % change on previous year | -56.7% |
| 2015 | -2.09 % change on previous year | -153.9% |
| 2016 | 10.65 % change on previous year | -609.7% |
| 2017 | 4.01 % change on previous year | -62.3% |
| 2018 | 2.52 % change on previous year | -37.2% |
| 2019 | 5.23 % change on previous year | +107.5% |
| 2020 | -11.35 % change on previous year | -316.9% |
| 2021 | 15.76 % change on previous year | -238.8% |
| 2022 | 2.55 % change on previous year | -83.8% |
| 2023 | -4.1 % change on previous year | -260.9% |
| 2024 | -12.3 % change on previous year | +199.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.44 % change on previous year | 0.2306 % change on previous year | 7.74 % change on previous year | 5 |
| 2000s | 6.87 % change on previous year | -8.98 % change on previous year | 22.7 % change on previous year | 10 |
| 2010s | 8.14 % change on previous year | -2.09 % change on previous year | 19.62 % change on previous year | 10 |
| 2020s | -1.89 % change on previous year | -12.3 % change on previous year | 15.76 % change on previous year | 5 |
Countries ranked near Palestine, State of
- 201 Timor-Leste -8.92 % change on previous year compare
- 202 Iraq -9.04 % change on previous year compare
- 203 French Polynesia -9.63 % change on previous year compare
- 205 Venezuela, Bolivarian Republic of -100 % change on previous year
More economy & growth data for Palestine, State of
- Manufacturing, value added (current US$), per unit of GDP 0.1132 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 342.74 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.1132 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 342.74 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1115 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 353.55 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 353.55 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -16.22 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.1625 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 492.16 current US$ per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Palestine, State of?
- Gross value added at basic prices (gva) (current lcu), annual growth in Palestine, State of was -12.3 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Palestine, State of?
- The highest recorded value was 22.7 % change on previous year in 2008.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Palestine, State of?
- The lowest recorded value was -12.3 % change on previous year in 2024.
- How does Palestine, State of rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Palestine, State of ranks 204th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Palestine, State of?
- Over the last ten years it is down 417.5%. The long-run trend across the full record is volatile.
- Where does this Palestine, State of data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
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 value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.