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$, in 1994.
Palestine ranks 145th of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Palestine, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 2.82 billion current US$ | — |
| 1995 | 3.04 billion current US$ | +7.5% |
| 1996 | 3.04 billion current US$ | +0.2% |
| 1997 | 3.28 billion current US$ | +7.7% |
| 1998 | 3.52 billion current US$ | +7.3% |
| 1999 | 3.67 billion current US$ | +4.4% |
| 2000 | 3.72 billion current US$ | +1.2% |
| 2001 | 3.58 billion current US$ | -3.7% |
| 2002 | 3.26 billion current US$ | -9.0% |
| 2003 | 3.58 billion current US$ | +9.8% |
| 2004 | 4.08 billion current US$ | +13.9% |
| 2005 | 4.47 billion current US$ | +9.8% |
| 2006 | 4.71 billion current US$ | +5.2% |
| 2007 | 5.06 billion current US$ | +7.5% |
| 2008 | 6.21 billion current US$ | +22.7% |
| 2009 | 6.91 billion current US$ | +11.2% |
| 2010 | 8.26 billion current US$ | +19.6% |
| 2011 | 9.79 billion current US$ | +18.5% |
| 2012 | 10.78 billion current US$ | +10.2% |
| 2013 | 11.75 billion current US$ | +9.0% |
| 2014 | 12.20 billion current US$ | +3.9% |
| 2015 | 11.95 billion current US$ | -2.1% |
| 2016 | 13.22 billion current US$ | +10.7% |
| 2017 | 13.75 billion current US$ | +4.0% |
| 2018 | 14.10 billion current US$ | +2.5% |
| 2019 | 14.84 billion current US$ | +5.2% |
| 2020 | 13.15 billion current US$ | -11.4% |
| 2021 | 15.23 billion current US$ | +15.8% |
| 2022 | 15.61 billion current US$ | +2.6% |
| 2023 | 14.97 billion current US$ | -4.1% |
| 2024 | 13.13 billion current US$ | -12.3% |
Palestine compared with similar countries
- Palestine's 13.13 billion current US$ is below the median for lower middle income countries, which is 27.86 billion current US$, 47% of the median. (47 countries reporting)
- Palestine's 13.13 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 110.20 billion current US$, 12% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.23 billion current US$ | 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
- 142 Malawi 13.87 billion current US$ compare
- 143 Bahamas 13.83 billion current US$ compare
- 144 Namibia 13.71 billion current US$ compare
- 146 Tajikistan 13.08 billion current US$ compare
- 147 Equatorial Guinea 12.71 billion current US$ compare
- 148 Channel Islands 12.51 billion current US$ compare
More economy & growth data for Palestine
- 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)
- Total reserves (includes gold, current US$), per capita 337.15 includes gold, current US$ per person (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 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 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 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.