Industry (including construction), value added (current LCU) in Palestine
Palestine: Industry (including construction), value added (current LCU) was 2.60 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Palestine is 2.60 billion current LCU, measured in 2024.
Compared with earlier readings it is down 16.2% on the previous year and up 3.5% over ten years.
Over the whole period, industry (including construction), value added in Palestine peaked at 3.33 billion current LCU in 2022 and was at its lowest, 713.60 million current LCU, in 2002.
Palestine ranks 175th of 209 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (current LCU) in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 942.50 million current LCU | — |
| 1995 | 969.20 million current LCU | +2.8% |
| 1996 | 906.60 million current LCU | -6.5% |
| 1997 | 873.40 million current LCU | -3.7% |
| 1998 | 934.80 million current LCU | +7.0% |
| 1999 | 1.06 billion current LCU | +13.1% |
| 2000 | 927.10 million current LCU | -12.3% |
| 2001 | 961.80 million current LCU | +3.7% |
| 2002 | 713.60 million current LCU | -25.8% |
| 2003 | 920.20 million current LCU | +29.0% |
| 2004 | 920.10 million current LCU | -0.0% |
| 2005 | 1.08 billion current LCU | +16.9% |
| 2006 | 981.70 million current LCU | -8.7% |
| 2007 | 1.02 billion current LCU | +4.1% |
| 2008 | 1.27 billion current LCU | +24.0% |
| 2009 | 1.42 billion current LCU | +12.0% |
| 2010 | 1.80 billion current LCU | +27.0% |
| 2011 | 2.12 billion current LCU | +17.5% |
| 2012 | 2.47 billion current LCU | +16.6% |
| 2013 | 2.51 billion current LCU | +1.5% |
| 2014 | 2.51 billion current LCU | +0.2% |
| 2015 | 2.29 billion current LCU | -8.7% |
| 2016 | 2.66 billion current LCU | +15.9% |
| 2017 | 3.10 billion current LCU | +16.6% |
| 2018 | 3.14 billion current LCU | +1.2% |
| 2019 | 3.16 billion current LCU | +0.6% |
| 2020 | 2.64 billion current LCU | -16.3% |
| 2021 | 3.20 billion current LCU | +21.1% |
| 2022 | 3.33 billion current LCU | +4.1% |
| 2023 | 3.11 billion current LCU | -6.8% |
| 2024 | 2.60 billion current LCU | -16.2% |
Palestine compared with similar countries
- Palestine's 2.60 billion current LCU is below the median for lower middle income countries, which is 522.90 billion current LCU, 0% of the median. (47 countries reporting)
- Palestine's 2.60 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 430.49 billion current LCU, 1% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 947.23 million current LCU | 873.40 million current LCU | 1.06 billion current LCU | 6 |
| 2000s | 1.02 billion current LCU | 713.60 million current LCU | 1.42 billion current LCU | 10 |
| 2010s | 2.58 billion current LCU | 1.80 billion current LCU | 3.16 billion current LCU | 10 |
| 2020s | 2.98 billion current LCU | 2.60 billion current LCU | 3.33 billion current LCU | 5 |
Countries ranked near Palestine
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 industry (including construction), value added in Palestine?
- Industry (including construction), value added in Palestine was 2.60 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Palestine?
- The highest recorded value was 3.33 billion current LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Palestine?
- The lowest recorded value was 713.60 million current LCU in 2002.
- How does Palestine rank for industry (including construction), value added?
- Palestine ranks 175th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palestine?
- Over the last ten years it is up 3.5%. 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 Industry (including construction), value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.