GDP (constant LCU) (UNESCO Institute) in Palestine
Palestine: GDP (constant LCU) (UNESCO Institute) was 10.96 billion constant LCU in 2024. ▲ Rising
Latest (2024)
10.96 billion constant LCU
Change on year
down 26.6%
World rank
175th
of 212 countries
All-time high
15.83 billion constant LCU
in 2019
All-time low
5.06 billion constant LCU
in 1994
Years of data
31
1994–2024
GDP in Palestine, 1994–2024
Source: UNESCO Institute for Statistics. Measured in constant LCU.
Analysis
In 2024, gdp in Palestine stood at 10.96 billion constant LCU.
The figure is down 26.6% on the previous year and down 18.6% over ten years.
Over the whole period, gdp in Palestine peaked at 15.83 billion constant LCU in 2019 and was at its lowest, 5.06 billion constant LCU, in 1994.
That places Palestine 175th out of 212 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
GDP (constant LCU) (UNESCO Institute) in Palestine, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1994 | 5.06 billion constant LCU | — |
| 1995 | 5.42 billion constant LCU | +7.1% |
| 1996 | 5.48 billion constant LCU | +1.2% |
| 1997 | 6.29 billion constant LCU | +14.7% |
| 1998 | 7.19 billion constant LCU | +14.3% |
| 1999 | 7.78 billion constant LCU | +8.3% |
| 2000 | 7.12 billion constant LCU | -8.6% |
| 2001 | 6.46 billion constant LCU | -9.3% |
| 2002 | 5.65 billion constant LCU | -12.5% |
| 2003 | 6.44 billion constant LCU | +14.0% |
| 2004 | 7.85 billion constant LCU | +21.9% |
| 2005 | 8.74 billion constant LCU | +11.3% |
| 2006 | 8.65 billion constant LCU | -1.0% |
| 2007 | 8.98 billion constant LCU | +3.8% |
| 2008 | 9.65 billion constant LCU | +7.4% |
| 2009 | 10.48 billion constant LCU | +8.6% |
| 2010 | 11.08 billion constant LCU | +5.8% |
| 2011 | 12.15 billion constant LCU | +9.6% |
| 2012 | 12.89 billion constant LCU | +6.1% |
| 2013 | 13.49 billion constant LCU | +4.7% |
| 2014 | 13.47 billion constant LCU | -0.2% |
| 2015 | 13.97 billion constant LCU | +3.7% |
| 2016 | 15.21 billion constant LCU | +8.9% |
| 2017 | 15.43 billion constant LCU | +1.4% |
| 2018 | 15.62 billion constant LCU | +1.2% |
| 2019 | 15.83 billion constant LCU | +1.4% |
| 2020 | 14.04 billion constant LCU | -11.3% |
| 2021 | 15.02 billion constant LCU | +7.0% |
| 2022 | 15.63 billion constant LCU | +4.1% |
| 2023 | 14.92 billion constant LCU | -4.6% |
| 2024 | 10.96 billion constant LCU | -26.6% |
Palestine compared with similar countries
- Palestine's 10.96 billion constant LCU is below the median for lower middle income countries, which is 660.05 billion constant LCU, 2% of the median. (47 countries reporting)
- Palestine's 10.96 billion constant LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 713.50 billion constant LCU, 2% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.20 billion constant LCU | 5.06 billion constant LCU | 7.78 billion constant LCU | 6 |
| 2000s | 8.00 billion constant LCU | 5.65 billion constant LCU | 10.48 billion constant LCU | 10 |
| 2010s | 13.91 billion constant LCU | 11.08 billion constant LCU | 15.83 billion constant LCU | 10 |
| 2020s | 14.12 billion constant LCU | 10.96 billion constant LCU | 15.63 billion constant LCU | 5 |
Countries ranked near Palestine
More population data for Palestine
- Population regions with projections, annual growth rate 0.0758 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -3.21 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.0758 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1948 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.5205 % change on previous year (2100)
- Population growth rate 0.062 (2100)
- Population density 1,906 (2100)
- Projected population under age 5 600,680 (2100)
- Population growth rate by level of development 0.062 (2100)
- Urbanization vs gdp, annual growth rate 0.3011 % change on previous year (2025)
Frequently asked questions
- What is gdp in Palestine?
- Gdp in Palestine was 10.96 billion constant LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Palestine?
- The highest recorded value was 15.83 billion constant LCU in 2019.
- What is the lowest gdp recorded in Palestine?
- The lowest recorded value was 5.06 billion constant LCU in 1994.
- How does Palestine rank for gdp?
- Palestine ranks 175th out of 212 countries with data for 2024.
- Is gdp rising or falling in Palestine?
- Over the last ten years it is down 18.6%. The long-run trend across the full record is rising.
- Where does this Palestine data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release