Services, value added in Palestine, State of
Palestine, State of: Services, value added was 60.2% in 2024. ▲ Rising
Services, value added in Palestine, State of, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Palestine, State of stood at 60.2%.
Compared with earlier readings it is up 2.4% on the previous year and down 2.0% over ten years.
Over the whole period, services, value added in Palestine, State of peaked at 66.4% in 2002 and was at its lowest, 51.5%, in 1996.
That places Palestine, State of 83rd out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added in Palestine, State of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 53.5% | — |
| 1995 | 52.2% | -2.4% |
| 1996 | 51.5% | -1.4% |
| 1997 | 54.8% | +6.4% |
| 1998 | 54.4% | -0.7% |
| 1999 | 53.3% | -2.1% |
| 2000 | 58.3% | +9.4% |
| 2001 | 60.0% | +2.9% |
| 2002 | 66.4% | +10.6% |
| 2003 | 62.8% | -5.4% |
| 2004 | 57.4% | -8.5% |
| 2005 | 57.3% | -0.2% |
| 2006 | 58.3% | +1.6% |
| 2007 | 60.5% | +3.9% |
| 2008 | 57.5% | -5.0% |
| 2009 | 57.8% | +0.6% |
| 2010 | 57.7% | -0.2% |
| 2011 | 60.2% | +4.4% |
| 2012 | 60.0% | -0.4% |
| 2013 | 60.8% | +1.3% |
| 2014 | 61.4% | +1.1% |
| 2015 | 61.7% | +0.4% |
| 2016 | 61.0% | -1.2% |
| 2017 | 59.0% | -3.2% |
| 2018 | 60.0% | +1.7% |
| 2019 | 61.1% | +1.9% |
| 2020 | 60.6% | -0.9% |
| 2021 | 60.1% | -0.8% |
| 2022 | 58.3% | -2.9% |
| 2023 | 58.8% | +0.8% |
| 2024 | 60.2% | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 53.3% | 51.5% | 54.8% | 6 |
| 2000s | 59.6% | 57.3% | 66.4% | 10 |
| 2010s | 60.3% | 57.7% | 61.7% | 10 |
| 2020s | 59.6% | 58.3% | 60.6% | 5 |
Countries ranked near Palestine, State of
More economy & growth data for Palestine, State of
- 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, State of?
- Services, value added in Palestine, State of was 60.2% 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 66.4% in 2002.
- What is the lowest services, value added recorded in Palestine, State of?
- The lowest recorded value was 51.5% in 1996.
- How does Palestine, State of rank for services, value added?
- Palestine, State of ranks 83rd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Palestine, State of?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.