Industry (including construction), value added in Palestine, State of
Palestine, State of: Industry (including construction), value added was 2.60 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Palestine, State of, 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, State of 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, State of peaked at 3.33 billion current LCU in 2022 and was at its lowest, 713.60 million current LCU, in 2002.
Palestine, State of ranks 174th of 207 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 in Palestine, State of, 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% |
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, State of
More economy & growth data for Palestine, State of
- GDP (constant 2015 US$), annual growth rate 4.34 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.726 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,302 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.34 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.726 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 2,302 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -10.26 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP -0.0766 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita -242.85 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -10.26 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Palestine, State of?
- Industry (including construction), value added in Palestine, State of 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, State of?
- The highest recorded value was 3.33 billion current LCU in 2022.
- What is the lowest industry (including construction), value added recorded in Palestine, State of?
- The lowest recorded value was 713.60 million current LCU in 2002.
- How does Palestine, State of rank for industry (including construction), value added?
- Palestine, State of ranks 174th out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palestine, State of?
- Over the last ten years it is up 3.5%. 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 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.