Taxes less subsidies on products (current LCU) in Palestine
Palestine: Taxes less subsidies on products (current LCU) was 2.89 billion current LCU in 2024. ◆ Volatile
Taxes less subsidies on products in Palestine, 1994–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Palestine is 2.89 billion current LCU, measured in 2024.
That represents a change of down 21.2% on the previous year and up 61.6% over ten years.
Over the whole period, taxes less subsidies on products in Palestine peaked at 3.66 billion current LCU in 2023 and was at its lowest, 20.00 million current LCU, in 1994.
That places Palestine 153rd out of 199 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.
Taxes less subsidies on products (current LCU) in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 20.00 million current LCU | — |
| 1995 | 247.20 million current LCU | +1136.0% |
| 1996 | 367.00 million current LCU | +48.5% |
| 1997 | 481.70 million current LCU | +31.3% |
| 1998 | 548.90 million current LCU | +14.0% |
| 1999 | 598.70 million current LCU | +9.1% |
| 2000 | 598.20 million current LCU | -0.1% |
| 2001 | 425.50 million current LCU | -28.9% |
| 2002 | 298.90 million current LCU | -29.8% |
| 2003 | 390.50 million current LCU | +30.6% |
| 2004 | 527.10 million current LCU | +35.0% |
| 2005 | 651.40 million current LCU | +23.6% |
| 2006 | 641.90 million current LCU | -1.5% |
| 2007 | 755.50 million current LCU | +17.7% |
| 2008 | 1.10 billion current LCU | +45.8% |
| 2009 | 1.18 billion current LCU | +7.1% |
| 2010 | 1.42 billion current LCU | +20.4% |
| 2011 | 1.40 billion current LCU | -1.5% |
| 2012 | 1.43 billion current LCU | +1.9% |
| 2013 | 1.77 billion current LCU | +23.9% |
| 2014 | 1.79 billion current LCU | +1.1% |
| 2015 | 2.02 billion current LCU | +13.3% |
| 2016 | 2.18 billion current LCU | +7.9% |
| 2017 | 2.38 billion current LCU | +8.8% |
| 2018 | 2.18 billion current LCU | -8.3% |
| 2019 | 2.30 billion current LCU | +5.5% |
| 2020 | 2.38 billion current LCU | +3.6% |
| 2021 | 2.88 billion current LCU | +21.2% |
| 2022 | 3.55 billion current LCU | +23.2% |
| 2023 | 3.66 billion current LCU | +3.1% |
| 2024 | 2.89 billion current LCU | -21.2% |
Palestine compared with similar countries
- Palestine's 2.89 billion current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU, 3% of the median. (46 countries reporting)
- Palestine's 2.89 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 60.57 billion current LCU, 5% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) in Palestine 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 | +1136.0% | 20.00 million current LCU | 247.20 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 377.25 million current LCU | 20.00 million current LCU | 598.70 million current LCU | 6 |
| 2000s | 657.00 million current LCU | 298.90 million current LCU | 1.18 billion current LCU | 10 |
| 2010s | 1.89 billion current LCU | 1.40 billion current LCU | 2.38 billion current LCU | 10 |
| 2020s | 3.07 billion current LCU | 2.38 billion current LCU | 3.66 billion current LCU | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Real gdp growth, annual growth rate -123.81 % change on previous year (2023)
- 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)
Frequently asked questions
- What is taxes less subsidies on products in Palestine?
- Taxes less subsidies on products in Palestine was 2.89 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Palestine?
- The highest recorded value was 3.66 billion current LCU in 2023.
- What is the lowest taxes less subsidies on products recorded in Palestine?
- The lowest recorded value was 20.00 million current LCU in 1994.
- How does Palestine rank for taxes less subsidies on products?
- Palestine ranks 153rd out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Palestine?
- Over the last ten years it is up 61.6%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.