Industry (including construction), value added in Palestine, State of
Palestine, State of: Industry (including construction), value added was 2.60 billion current US$ 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 US$.
Analysis
In 2024, industry (including construction), value added in Palestine, State of stood at 2.60 billion current US$.
That represents a change of 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 US$ in 2022 and was at its lowest, 713.60 million current US$, in 2002.
That places Palestine, State of 148th out of 207 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Palestine, State of, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 942.50 million current US$ | — |
| 1995 | 969.20 million current US$ | +2.8% |
| 1996 | 906.60 million current US$ | -6.5% |
| 1997 | 873.40 million current US$ | -3.7% |
| 1998 | 934.80 million current US$ | +7.0% |
| 1999 | 1.06 billion current US$ | +13.1% |
| 2000 | 927.10 million current US$ | -12.3% |
| 2001 | 961.80 million current US$ | +3.7% |
| 2002 | 713.60 million current US$ | -25.8% |
| 2003 | 920.20 million current US$ | +29.0% |
| 2004 | 920.10 million current US$ | -0.0% |
| 2005 | 1.08 billion current US$ | +16.9% |
| 2006 | 981.70 million current US$ | -8.7% |
| 2007 | 1.02 billion current US$ | +4.1% |
| 2008 | 1.27 billion current US$ | +24.0% |
| 2009 | 1.42 billion current US$ | +12.0% |
| 2010 | 1.80 billion current US$ | +27.0% |
| 2011 | 2.12 billion current US$ | +17.5% |
| 2012 | 2.47 billion current US$ | +16.6% |
| 2013 | 2.51 billion current US$ | +1.5% |
| 2014 | 2.51 billion current US$ | +0.2% |
| 2015 | 2.29 billion current US$ | -8.7% |
| 2016 | 2.66 billion current US$ | +15.9% |
| 2017 | 3.10 billion current US$ | +16.6% |
| 2018 | 3.14 billion current US$ | +1.2% |
| 2019 | 3.16 billion current US$ | +0.6% |
| 2020 | 2.64 billion current US$ | -16.3% |
| 2021 | 3.20 billion current US$ | +21.1% |
| 2022 | 3.33 billion current US$ | +4.1% |
| 2023 | 3.11 billion current US$ | -6.8% |
| 2024 | 2.60 billion current US$ | -16.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 947.23 million current US$ | 873.40 million current US$ | 1.06 billion current US$ | 6 |
| 2000s | 1.02 billion current US$ | 713.60 million current US$ | 1.42 billion current US$ | 10 |
| 2010s | 2.58 billion current US$ | 1.80 billion current US$ | 3.16 billion current US$ | 10 |
| 2020s | 2.98 billion current US$ | 2.60 billion current US$ | 3.33 billion current US$ | 5 |
Countries ranked near Palestine, State of
- 145 Mauritius 2.86 billion current US$ compare
- 146 Syrian Arab Republic 2.83 billion current US$ compare
- 147 Malta 2.80 billion current US$ compare
- 149 Afghanistan 2.58 billion current US$ compare
- 150 Togo 2.50 billion current US$ compare
- 151 Macau, China 2.32 billion current US$ compare
More economy & growth data for Palestine, State of
- GNI (current LCU), annual growth rate 8.3 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.06 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 3,370 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 29.92 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 29.92 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -21.19 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1802 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 545.64 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate -21.19 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1802 current LCU per US$ of GDP (2024)
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 US$ 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 US$ 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 US$ in 2002.
- How does Palestine, State of rank for industry (including construction), value added?
- Palestine, State of ranks 148th 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 US$). 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 indicator is expressed in United States dollars.