Taxes less subsidies on products (current LCU), per unit of GDP in Palestine, State of
Palestine, State of: Taxes less subsidies on products (current LCU), per unit of GDP was 0.1802 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (current LCU), per unit of GDP in Palestine, State of, 1994–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Palestine, State of is 0.1802 current LCU per US$ of GDP, measured in 2024.
The figure is down 8.3% on the previous year and up 41.1% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Palestine, State of peaked at 0.1965 current LCU per US$ of GDP in 2023 and was at its lowest, 0.007 current LCU per US$ of GDP, in 1994.
That places Palestine, State of 135th out of 197 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.
Taxes less subsidies on products (current LCU), per unit of GDP in Palestine, State of, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1994 | 0.007 current LCU per US$ of GDP | — |
| 1995 | 0.0753 current LCU per US$ of GDP | +970.5% |
| 1996 | 0.1076 current LCU per US$ of GDP | +42.9% |
| 1997 | 0.1281 current LCU per US$ of GDP | +19.0% |
| 1998 | 0.1349 current LCU per US$ of GDP | +5.3% |
| 1999 | 0.1402 current LCU per US$ of GDP | +3.9% |
| 2000 | 0.1387 current LCU per US$ of GDP | -1.1% |
| 2001 | 0.1063 current LCU per US$ of GDP | -23.4% |
| 2002 | 0.0841 current LCU per US$ of GDP | -20.9% |
| 2003 | 0.0984 current LCU per US$ of GDP | +17.1% |
| 2004 | 0.1145 current LCU per US$ of GDP | +16.4% |
| 2005 | 0.1271 current LCU per US$ of GDP | +11.0% |
| 2006 | 0.12 current LCU per US$ of GDP | -5.6% |
| 2007 | 0.1299 current LCU per US$ of GDP | +8.2% |
| 2008 | 0.1507 current LCU per US$ of GDP | +16.0% |
| 2009 | 0.1459 current LCU per US$ of GDP | -3.2% |
| 2010 | 0.1467 current LCU per US$ of GDP | +0.6% |
| 2011 | 0.1251 current LCU per US$ of GDP | -14.8% |
| 2012 | 0.1168 current LCU per US$ of GDP | -6.6% |
| 2013 | 0.1307 current LCU per US$ of GDP | +11.9% |
| 2014 | 0.1277 current LCU per US$ of GDP | -2.4% |
| 2015 | 0.1448 current LCU per US$ of GDP | +13.4% |
| 2016 | 0.1418 current LCU per US$ of GDP | -2.1% |
| 2017 | 0.1473 current LCU per US$ of GDP | +3.9% |
| 2018 | 0.1338 current LCU per US$ of GDP | -9.2% |
| 2019 | 0.134 current LCU per US$ of GDP | +0.2% |
| 2020 | 0.1532 current LCU per US$ of GDP | +14.3% |
| 2021 | 0.1592 current LCU per US$ of GDP | +3.9% |
| 2022 | 0.1853 current LCU per US$ of GDP | +16.4% |
| 2023 | 0.1965 current LCU per US$ of GDP | +6.0% |
| 2024 | 0.1802 current LCU per US$ of GDP | -8.3% |
Palestine, State of compared with similar countries
- Palestine, State of's 0.1802 current LCU per US$ of GDP is below the median for lower middle income countries, which is 3.66 current LCU per US$ of GDP, 5% of the median. (46 countries reporting)
- Palestine, State of's 0.1802 current LCU per US$ of GDP is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.2632 current LCU per US$ of GDP, 68% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), per unit of GDP in Palestine, State of 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 |
|---|---|---|---|
| 1995 | +970.5% | 0.007 current LCU per US$ of GDP | 0.0753 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0989 current LCU per US$ of GDP | 0.007 current LCU per US$ of GDP | 0.1402 current LCU per US$ of GDP | 6 |
| 2000s | 0.1215 current LCU per US$ of GDP | 0.0841 current LCU per US$ of GDP | 0.1507 current LCU per US$ of GDP | 10 |
| 2010s | 0.1349 current LCU per US$ of GDP | 0.1168 current LCU per US$ of GDP | 0.1473 current LCU per US$ of GDP | 10 |
| 2020s | 0.1749 current LCU per US$ of GDP | 0.1532 current LCU per US$ of GDP | 0.1965 current LCU per US$ of GDP | 5 |
Countries ranked near Palestine, State of
- 132 Tuvalu 0.2035 current LCU per US$ of GDP compare
- 133 Montenegro 0.1947 current LCU per US$ of GDP compare
- 134 Kosovo 0.1901 current LCU per US$ of GDP compare
- 136 Turks and Caicos Islands 0.1768 current LCU per US$ of GDP compare
- 137 Papua New Guinea 0.1727 current LCU per US$ of GDP compare
- 138 Solomon Islands 0.1682 current LCU per US$ of GDP compare
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 taxes less subsidies on products (current lcu), per unit of gdp in Palestine, State of?
- Taxes less subsidies on products (current lcu), per unit of gdp in Palestine, State of was 0.1802 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Palestine, State of?
- The highest recorded value was 0.1965 current LCU per US$ of GDP in 2023.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Palestine, State of?
- The lowest recorded value was 0.007 current LCU per US$ of GDP in 1994.
- How does Palestine, State of rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Palestine, State of ranks 135th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Palestine, State of?
- Over the last ten years it is up 41.1%. The long-run trend across the full record is rising.
- Where does this Palestine, State of data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.