Services, value added in Palestine, State of
Palestine, State of: Services, value added was 9.64 billion current LCU in 2024. ◆ Volatile
Services, value added in Palestine, State of, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Palestine, State of 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, State of peaked at 11.18 billion current LCU in 2022 and was at its lowest, 1.52 billion current LCU, in 1994.
That places Palestine, State of 172nd out of 204 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.
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, State of
More economy & growth data for Palestine, State of
- 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)
- Taxes less subsidies on products (current LCU), per capita 545.64 current LCU per person (2024)
- Gdp worldbank constant usd, annual growth rate 4.34 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.726 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 2,302 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Palestine, State of?
- Services, value added in Palestine, State of 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, State of?
- The highest recorded value was 11.18 billion current LCU in 2022.
- What is the lowest services, value added recorded in Palestine, State of?
- The lowest recorded value was 1.52 billion current LCU in 1994.
- How does Palestine, State of rank for services, value added?
- Palestine, State of ranks 172nd out of 204 countries with data for 2024.
- Is services, value added rising or falling in Palestine, State of?
- Over the last ten years it is up 12.2%. 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 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.