Value Added (Total Manufacturing) — Value Standard Local Currency in Palestine
Palestine: Value Added (Total Manufacturing) — Value Standard Local Currency was 1,498 million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Palestine, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Palestine recorded 1,498 million SLC for value added (total manufacturing) — value standard local currency in 2023.
The figure is down 7.7% on the previous year and down 5.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Palestine peaked at 1,779 million SLC in 2019 and was at its lowest, 170.54 million SLC, in 1970.
Palestine ranks 174th of 223 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Palestine, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 170.54 million SLC | — |
| 1971 | 194.24 million SLC | +13.9% |
| 1972 | 227.17 million SLC | +17.0% |
| 1973 | 218.29 million SLC | -3.9% |
| 1974 | 266.38 million SLC | +22.0% |
| 1975 | 269.39 million SLC | +1.1% |
| 1976 | 310.58 million SLC | +15.3% |
| 1977 | 307.42 million SLC | -1.0% |
| 1978 | 346.75 million SLC | +12.8% |
| 1979 | 341.28 million SLC | -1.6% |
| 1980 | 391.38 million SLC | +14.7% |
| 1981 | 367.1 million SLC | -6.2% |
| 1982 | 398.32 million SLC | +8.5% |
| 1983 | 382.03 million SLC | -4.1% |
| 1984 | 402.31 million SLC | +5.3% |
| 1985 | 401.4 million SLC | -0.2% |
| 1986 | 478.57 million SLC | +19.2% |
| 1987 | 462.54 million SLC | -3.4% |
| 1988 | 450.26 million SLC | -2.7% |
| 1989 | 474.35 million SLC | +5.3% |
| 1990 | 570.75 million SLC | +20.3% |
| 1991 | 533.26 million SLC | -6.6% |
| 1992 | 633.84 million SLC | +18.9% |
| 1993 | 671.83 million SLC | +6.0% |
| 1994 | 986.99 million SLC | +46.9% |
| 1995 | 982.5 million SLC | -0.5% |
| 1996 | 802.9 million SLC | -18.3% |
| 1997 | 797.41 million SLC | -0.7% |
| 1998 | 867.76 million SLC | +8.8% |
| 1999 | 822.86 million SLC | -5.2% |
| 2000 | 786.27 million SLC | -4.4% |
| 2001 | 777.46 million SLC | -1.1% |
| 2002 | 592.36 million SLC | -23.8% |
| 2003 | 799.91 million SLC | +35.0% |
| 2004 | 845.5 million SLC | +5.7% |
| 2005 | 1,071 million SLC | +26.7% |
| 2006 | 728.7 million SLC | -32.0% |
| 2007 | 702.8 million SLC | -3.6% |
| 2008 | 1,022 million SLC | +45.4% |
| 2009 | 1,112 million SLC | +8.8% |
| 2010 | 1,339 million SLC | +20.4% |
| 2011 | 1,329 million SLC | -0.7% |
| 2012 | 1,504 million SLC | +13.2% |
| 2013 | 1,582 million SLC | +5.2% |
| 2014 | 1,438 million SLC | -9.1% |
| 2015 | 1,302 million SLC | -9.4% |
| 2016 | 1,500 million SLC | +15.1% |
| 2017 | 1,757 million SLC | +17.2% |
| 2018 | 1,763 million SLC | +0.3% |
| 2019 | 1,779 million SLC | +0.9% |
| 2020 | 1,501 million SLC | -15.6% |
| 2021 | 1,538 million SLC | +2.5% |
| 2022 | 1,623 million SLC | +5.5% |
| 2023 | 1,498 million SLC | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 265.2 million SLC | 170.54 million SLC | 346.75 million SLC | 10 |
| 1980s | 420.83 million SLC | 367.1 million SLC | 478.57 million SLC | 10 |
| 1990s | 767.01 million SLC | 533.26 million SLC | 986.99 million SLC | 10 |
| 2000s | 843.83 million SLC | 592.36 million SLC | 1,112 million SLC | 10 |
| 2010s | 1,529 million SLC | 1,302 million SLC | 1,779 million SLC | 10 |
| 2020s | 1,540 million SLC | 1,498 million SLC | 1,623 million SLC | 4 |
Countries ranked near Palestine
More economy & growth data for Palestine
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -30.74 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 2,641 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 22.48 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 24.34 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 22.48 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 24.34 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency -30.22 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -30.74 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -30.22 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices -26.56 % change on previous year (2024)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Palestine?
- Value added (total manufacturing) — value standard local currency in Palestine was 1,498 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Palestine?
- The highest recorded value was 1,779 million SLC in 2019.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Palestine?
- The lowest recorded value was 170.54 million SLC in 1970.
- How does Palestine rank for value added (total manufacturing) — value standard local currency?
- Palestine ranks 174th out of 223 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Palestine?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).