Services, value added (current US$) in Palestine
Palestine: Services, value added (current US$) was 9.64 billion current US$ in 2024. ◆ Volatile
Services, value added in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Palestine is 9.64 billion current US$, measured in 2024.
That represents a change of 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 US$ in 2022 and was at its lowest, 1.52 billion current US$, in 1994.
That places Palestine 134th out of 206 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Palestine, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 1.52 billion current US$ | — |
| 1995 | 1.71 billion current US$ | +12.7% |
| 1996 | 1.76 billion current US$ | +2.4% |
| 1997 | 2.06 billion current US$ | +17.3% |
| 1998 | 2.21 billion current US$ | +7.5% |
| 1999 | 2.28 billion current US$ | +2.8% |
| 2000 | 2.51 billion current US$ | +10.5% |
| 2001 | 2.40 billion current US$ | -4.5% |
| 2002 | 2.36 billion current US$ | -1.8% |
| 2003 | 2.49 billion current US$ | +5.6% |
| 2004 | 2.64 billion current US$ | +6.1% |
| 2005 | 2.94 billion current US$ | +11.2% |
| 2006 | 3.12 billion current US$ | +6.1% |
| 2007 | 3.52 billion current US$ | +13.0% |
| 2008 | 4.20 billion current US$ | +19.4% |
| 2009 | 4.68 billion current US$ | +11.3% |
| 2010 | 5.59 billion current US$ | +19.5% |
| 2011 | 6.74 billion current US$ | +20.6% |
| 2012 | 7.32 billion current US$ | +8.7% |
| 2013 | 8.21 billion current US$ | +12.2% |
| 2014 | 8.59 billion current US$ | +4.6% |
| 2015 | 8.62 billion current US$ | +0.3% |
| 2016 | 9.39 billion current US$ | +9.0% |
| 2017 | 9.51 billion current US$ | +1.3% |
| 2018 | 9.76 billion current US$ | +2.6% |
| 2019 | 10.47 billion current US$ | +7.3% |
| 2020 | 9.40 billion current US$ | -10.2% |
| 2021 | 10.88 billion current US$ | +15.7% |
| 2022 | 11.18 billion current US$ | +2.8% |
| 2023 | 10.96 billion current US$ | -2.0% |
| 2024 | 9.64 billion current US$ | -12.0% |
Palestine compared with similar countries
- Palestine's 9.64 billion current US$ is below the median for lower middle income countries, which is 12.93 billion current US$, 75% of the median. (47 countries reporting)
- Palestine's 9.64 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 51.74 billion current US$, 19% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.92 billion current US$ | 1.52 billion current US$ | 2.28 billion current US$ | 6 |
| 2000s | 3.09 billion current US$ | 2.36 billion current US$ | 4.68 billion current US$ | 10 |
| 2010s | 8.42 billion current US$ | 5.59 billion current US$ | 10.47 billion current US$ | 10 |
| 2020s | 10.41 billion current US$ | 9.40 billion current US$ | 11.18 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 services, value added in Palestine?
- Services, value added in Palestine was 9.64 billion current US$ 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 US$ in 2022.
- What is the lowest services, value added recorded in Palestine?
- The lowest recorded value was 1.52 billion current US$ in 1994.
- How does Palestine rank for services, value added?
- Palestine ranks 134th 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 US$). 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 indicator is expressed in United States dollars.