Services, value added (current LCU) in Palestine
Palestine: Services, value added (current LCU) was 9.64 billion current LCU in 2024. ◆ Volatile
Services, value added in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Palestine stood at 9.64 billion current LCU.
The figure is down 12.0% on the previous year and up 12.2% over ten years.
Over the whole period, services, value added in Palestine peaked at 11.18 billion current LCU in 2022 and was at its lowest, 1.52 billion current LCU, in 1994.
That places Palestine 172nd out of 206 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.
Services, value added (current LCU) in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 1.52 billion current LCU | — |
| 1995 | 1.71 billion current LCU | +12.7% |
| 1996 | 1.76 billion current LCU | +2.4% |
| 1997 | 2.06 billion current LCU | +17.3% |
| 1998 | 2.21 billion current LCU | +7.5% |
| 1999 | 2.28 billion current LCU | +2.8% |
| 2000 | 2.51 billion current LCU | +10.5% |
| 2001 | 2.40 billion current LCU | -4.5% |
| 2002 | 2.36 billion current LCU | -1.8% |
| 2003 | 2.49 billion current LCU | +5.6% |
| 2004 | 2.64 billion current LCU | +6.1% |
| 2005 | 2.94 billion current LCU | +11.2% |
| 2006 | 3.12 billion current LCU | +6.1% |
| 2007 | 3.52 billion current LCU | +13.0% |
| 2008 | 4.20 billion current LCU | +19.4% |
| 2009 | 4.68 billion current LCU | +11.3% |
| 2010 | 5.59 billion current LCU | +19.5% |
| 2011 | 6.74 billion current LCU | +20.6% |
| 2012 | 7.32 billion current LCU | +8.7% |
| 2013 | 8.21 billion current LCU | +12.2% |
| 2014 | 8.59 billion current LCU | +4.6% |
| 2015 | 8.62 billion current LCU | +0.3% |
| 2016 | 9.39 billion current LCU | +9.0% |
| 2017 | 9.51 billion current LCU | +1.3% |
| 2018 | 9.76 billion current LCU | +2.6% |
| 2019 | 10.47 billion current LCU | +7.3% |
| 2020 | 9.40 billion current LCU | -10.2% |
| 2021 | 10.88 billion current LCU | +15.7% |
| 2022 | 11.18 billion current LCU | +2.8% |
| 2023 | 10.96 billion current LCU | -2.0% |
| 2024 | 9.64 billion current LCU | -12.0% |
Palestine compared with similar countries
- Palestine's 9.64 billion current LCU is below the median for lower middle income countries, which is 891.96 billion current LCU, 1% of the median. (47 countries reporting)
- Palestine's 9.64 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 891.96 billion current LCU, 1% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.92 billion current LCU | 1.52 billion current LCU | 2.28 billion current LCU | 6 |
| 2000s | 3.09 billion current LCU | 2.36 billion current LCU | 4.68 billion current LCU | 10 |
| 2010s | 8.42 billion current LCU | 5.59 billion current LCU | 10.47 billion current LCU | 10 |
| 2020s | 10.41 billion current LCU | 9.40 billion current LCU | 11.18 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 services, value added in Palestine?
- Services, value added in Palestine was 9.64 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Palestine?
- The highest recorded value was 11.18 billion current LCU in 2022.
- What is the lowest services, value added recorded in Palestine?
- The lowest recorded value was 1.52 billion current LCU in 1994.
- How does Palestine rank for services, value added?
- Palestine ranks 172nd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Palestine?
- Over the last ten years it is up 12.2%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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.