Industry (including construction), value added (current US$) in Palestine
Palestine: Industry (including construction), value added (current US$) was 2.60 billion current US$ in 2024. ◆ Volatile
Industry (including construction), value added in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, industry (including construction), value added in Palestine stood at 2.60 billion current US$.
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 peaked at 3.33 billion current US$ in 2022 and was at its lowest, 713.60 million current US$, in 2002.
That places Palestine 149th out of 209 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (current US$) in Palestine, 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% |
Palestine compared with similar countries
- Palestine's 2.60 billion current US$ is below the median for lower middle income countries, which is 7.20 billion current US$, 36% of the median. (47 countries reporting)
- Palestine's 2.60 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 46.04 billion current US$, 6% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 947.23 million current US$ | 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
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 US$ 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 US$ in 2022.
- What is the lowest industry (including construction), value added recorded in Palestine?
- The lowest recorded value was 713.60 million current US$ in 2002.
- How does Palestine rank for industry (including construction), value added?
- Palestine ranks 149th 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 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.