Real gdp growth in Palestine
Palestine: Real gdp growth was -22.86 in 2024. ◆ Volatile
Real gdp growth in Palestine, 1995–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Palestine stood at -22.86. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 2,251.5% on the previous year and down 14,366.5% over ten years.
Over the whole period, real gdp growth in Palestine peaked at 21.92 in 2004 and was at its lowest, -22.86, in 2024.
That places Palestine 195th out of 196 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Palestine, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 7.12 | — |
| 1996 | 1.22 | -82.9% |
| 1997 | 14.67 | +1107.2% |
| 1998 | 14.33 | -2.3% |
| 1999 | 8.28 | -42.2% |
| 2000 | -8.56 | -203.3% |
| 2001 | -9.31 | +8.8% |
| 2002 | -12.49 | +34.1% |
| 2003 | 14.02 | -212.2% |
| 2004 | 21.92 | +56.4% |
| 2005 | 11.29 | -48.5% |
| 2006 | -0.997 | -108.8% |
| 2007 | 3.79 | -479.9% |
| 2008 | 7.43 | +96.1% |
| 2009 | 8.59 | +15.7% |
| 2010 | 5.78 | -32.8% |
| 2011 | 9.6 | +66.2% |
| 2012 | 6.1 | -36.5% |
| 2013 | 4.7 | -22.9% |
| 2014 | -0.158 | -103.4% |
| 2015 | 3.72 | -2455.1% |
| 2016 | 8.87 | +138.2% |
| 2017 | 1.42 | -84.0% |
| 2018 | 1.23 | -13.5% |
| 2019 | 1.36 | +11.1% |
| 2020 | -11.32 | -930.4% |
| 2021 | 7.01 | -162.0% |
| 2022 | 4.08 | -41.8% |
| 2023 | -0.972 | -123.8% |
| 2024 | -22.86 | +2251.5% |
Palestine compared with similar countries
- Palestine's -22.86 is below the median for lower middle income countries, which is 4.07. (47 countries reporting)
- Palestine's -22.86 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.9. (23 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Palestine changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +2455.1% | -0.158 | 3.72 |
| 2024 | -2251.5% | -0.972 | -22.86 |
| 1997 | +1107.2% | 1.22 | 14.67 |
| 2020 | -930.4% | 1.36 | -11.32 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.12 | 1.22 | 14.67 | 5 |
| 2000s | 3.57 | -12.49 | 21.92 | 10 |
| 2010s | 4.26 | -0.158 | 9.6 | 10 |
| 2020s | -4.81 | -22.86 | 7.01 | 5 |
Countries ranked near Palestine
- 192 Botswana -2.99 compare
- 193 Libya -11.2 compare
- 194 Venezuela, República Bolivariana de -19.66 compare
- 196 South Sudan, Republic of -26.14 compare
More economy & growth data for Palestine
- Real gdp growth, annual growth rate -123.81 % change on previous year (2023)
- 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)
Frequently asked questions
- What is real gdp growth in Palestine?
- Real gdp growth in Palestine was -22.86 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Palestine?
- The highest recorded value was 21.92 in 2004.
- What is the lowest real gdp growth recorded in Palestine?
- The lowest recorded value was -22.86 in 2024.
- How does Palestine rank for real gdp growth?
- Palestine ranks 195th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Palestine?
- Over the last ten years it is down 14,366.5%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).