Gross value added at basic prices (GVA) (current US$), annual growth in Palestine
Palestine: Gross value added at basic prices (GVA) (current US$), annual growth was -12.3 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Palestine, 1995–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), annual growth in Palestine is -12.3 % change on previous year, measured in 2024. 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 us$), annual growth in Palestine peaked at 22.7 % change on previous year in 2008 and was at its lowest, -12.3 % change on previous year, in 2024.
Palestine ranks 199th of 205 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in Palestine, 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
- 196 French Polynesia -8.01 % change on previous year compare
- 197 Timor-Leste -8.92 % change on previous year compare
- 198 Iraq -9.04 % change on previous year compare
- 200 Tuvalu -14.46 % change on previous year compare
- 201 Somalia -15.77 % change on previous year
- 202 Ethiopia -16.09 % change on previous year compare
More economy & growth data for Palestine
- 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)
- Industry (including construction), value added (current LCU), annual -16.22 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.1625 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 492.16 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 8.02 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1481 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 469.58 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Palestine?
- Gross value added at basic prices (gva) (current us$), annual growth in Palestine 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 us$), annual growth recorded in Palestine?
- The highest recorded value was 22.7 % change on previous year in 2008.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Palestine?
- The lowest recorded value was -12.3 % change on previous year in 2024.
- How does Palestine rank for gross value added at basic prices (gva) (current us$), annual growth?
- Palestine ranks 199th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Palestine?
- Over the last ten years it is down 417.5%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 Offices (NSOs)
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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.