Gross value added at basic prices (GVA) in Palestine, State of
Palestine, State of: Gross value added at basic prices (GVA) was 13.13 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Palestine, State of, 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, State of 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, State of peaked at 15.61 billion current LCU in 2022 and was at its lowest, 2.82 billion current LCU, in 1994.
That places Palestine, State of 173rd out of 205 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) in Palestine, State of, 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% |
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, State of
More economy & growth data for Palestine, State of
- GNI (current LCU), annual growth rate 8.3 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.06 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 3,370 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 29.92 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 29.92 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -21.19 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1802 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 545.64 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate -21.19 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1802 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Palestine, State of?
- Gross value added at basic prices (gva) in Palestine, State of 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, State of?
- 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, State of?
- The lowest recorded value was 2.82 billion current LCU in 1994.
- How does Palestine, State of rank for gross value added at basic prices (gva)?
- Palestine, State of ranks 173rd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Palestine, State of?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is volatile.
- Where does this Palestine, State of 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.