Gross value added at basic prices (GVA) in Palestine
Palestine: Gross value added at basic prices (GVA) was 13.13 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Palestine is 13.13 billion current US$, measured in 2024.
That represents a change of 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 US$ in 2022 and was at its lowest, 2.82 billion current US$, in 1994.
Palestine ranks 145th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.23 billion current US$ | 2.82 billion current US$ | 3.67 billion current US$ | 6 |
| 2000s | 4.56 billion current US$ | 3.26 billion current US$ | 6.91 billion current US$ | 10 |
| 2010s | 12.06 billion current US$ | 8.26 billion current US$ | 14.84 billion current US$ | 10 |
| 2020s | 14.42 billion current US$ | 13.13 billion current US$ | 15.61 billion current US$ | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- External balance on goods and services as a percent of GDP -32.3% (2025)
- Inflation of consumer prices 9.8% (2025)
- GDP per capita 2,302 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.3% (2024)
- Gross domestic product (GDP) 12.46 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,302 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.79 billion current US$ (2025)
- Taxes less subsidies on products 2.89 billion current LCU (2024)
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 US$ in 2024, 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 15.61 billion current US$ 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 US$ in 1994.
- How does Palestine rank for gross value added at basic prices (gva)?
- Palestine ranks 145th out of 204 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.