Gross value added at basic prices (GVA) (current LCU) in Palestine
Palestine: Gross value added at basic prices (GVA) (current LCU) was 13.13 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Palestine, 1994–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Palestine stood at 13.13 billion current LCU.
Compared with earlier readings it is down 12.3% on the previous year and up 7.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palestine peaked at 15.61 billion current LCU in 2022 and was at its lowest, 2.82 billion current LCU, in 1994.
That places Palestine 173rd out of 207 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 value added at basic prices (GVA) (current LCU) in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 2.82 billion current LCU | — |
| 1995 | 3.04 billion current LCU | +7.5% |
| 1996 | 3.04 billion current LCU | +0.2% |
| 1997 | 3.28 billion current LCU | +7.7% |
| 1998 | 3.52 billion current LCU | +7.3% |
| 1999 | 3.67 billion current LCU | +4.4% |
| 2000 | 3.72 billion current LCU | +1.2% |
| 2001 | 3.58 billion current LCU | -3.7% |
| 2002 | 3.26 billion current LCU | -9.0% |
| 2003 | 3.58 billion current LCU | +9.8% |
| 2004 | 4.08 billion current LCU | +13.9% |
| 2005 | 4.47 billion current LCU | +9.8% |
| 2006 | 4.71 billion current LCU | +5.2% |
| 2007 | 5.06 billion current LCU | +7.5% |
| 2008 | 6.21 billion current LCU | +22.7% |
| 2009 | 6.91 billion current LCU | +11.2% |
| 2010 | 8.26 billion current LCU | +19.6% |
| 2011 | 9.79 billion current LCU | +18.5% |
| 2012 | 10.78 billion current LCU | +10.2% |
| 2013 | 11.75 billion current LCU | +9.0% |
| 2014 | 12.20 billion current LCU | +3.9% |
| 2015 | 11.95 billion current LCU | -2.1% |
| 2016 | 13.22 billion current LCU | +10.7% |
| 2017 | 13.75 billion current LCU | +4.0% |
| 2018 | 14.10 billion current LCU | +2.5% |
| 2019 | 14.84 billion current LCU | +5.2% |
| 2020 | 13.15 billion current LCU | -11.4% |
| 2021 | 15.23 billion current LCU | +15.8% |
| 2022 | 15.61 billion current LCU | +2.6% |
| 2023 | 14.97 billion current LCU | -4.1% |
| 2024 | 13.13 billion current LCU | -12.3% |
Palestine compared with similar countries
- Palestine's 13.13 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 1% of the median. (47 countries reporting)
- Palestine's 13.13 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.50 trillion current LCU, 1% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.23 billion current LCU | 2.82 billion current LCU | 3.67 billion current LCU | 6 |
| 2000s | 4.56 billion current LCU | 3.26 billion current LCU | 6.91 billion current LCU | 10 |
| 2010s | 12.06 billion current LCU | 8.26 billion current LCU | 14.84 billion current LCU | 10 |
| 2020s | 14.42 billion current LCU | 13.13 billion current LCU | 15.61 billion current LCU | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Real gdp growth, annual growth rate -123.81 % change on previous year (2023)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) in Palestine?
- Gross value added at basic prices (gva) in Palestine was 13.13 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Palestine?
- The highest recorded value was 15.61 billion current LCU in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Palestine?
- The lowest recorded value was 2.82 billion current LCU in 1994.
- How does Palestine rank for gross value added at basic prices (gva)?
- Palestine ranks 173rd out of 207 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Palestine?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.