GDP in Palestine

Palestine: GDP was 13.71 billion current LCU in 2024. β—† Volatile

Latest (2024)
13.71 billion current LCU
Change on year
down 23.2%
World rank
177th
of 211 countries
All-time high
19.17 billion current LCU
in 2022
All-time low
2.84 billion current LCU
in 1994
Years of data
31
1994–2024

GDP in Palestine, 1994–2024

5.0B10.0B15.0B20.0B1994200920241994: 2.8B current LCU1995: 3.3B current LCU1996: 3.4B current LCU1997: 3.8B current LCU1998: 4.1B current LCU1999: 4.3B current LCU2000: 4.3B current LCU2001: 4.0B current LCU2002: 3.6B current LCU2003: 4.0B current LCU2004: 4.6B current LCU2005: 5.1B current LCU2006: 5.3B current LCU2007: 5.8B current LCU2008: 7.3B current LCU2009: 8.1B current LCU2010: 9.7B current LCU2011: 11.2B current LCU2012: 12.2B current LCU2013: 13.5B current LCU2014: 14.0B current LCU2015: 14.0B current LCU2016: 15.4B current LCU2017: 16.1B current LCU2018: 16.3B current LCU2019: 17.1B current LCU2020: 15.5B current LCU2021: 18.1B current LCU2022: 19.2B current LCU2023: 17.8B current LCU2024: 13.7B current LCU

Source: UNESCO Institute for Statistics. Measured in current LCU.

Analysis

Palestine recorded 13.71 billion current LCU for gdp in 2024.

Compared with earlier readings it is down 23.2% on the previous year and down 2.0% over ten years.

Over the whole period, gdp in Palestine peaked at 19.17 billion current LCU in 2022 and was at its lowest, 2.84 billion current LCU, in 1994.

Palestine ranks 177th of 211 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.61 billion current LCU 2.84 billion current LCU 4.27 billion current LCU 6
2000s 5.21 billion current LCU 3.56 billion current LCU 8.09 billion current LCU 10
2010s 13.95 billion current LCU 9.68 billion current LCU 17.13 billion current LCU 10
2020s 16.87 billion current LCU 13.71 billion current LCU 19.17 billion current LCU 5

Countries ranked near Palestine

  1. 174 Bahamas, The 15.83 billion current LCU compare
  2. 175 Solomon Islands 14.89 billion current LCU compare
  3. 176 Barbados 14.33 billion current LCU compare
  4. 178 Fiji, Republic of 13.25 billion current LCU compare
  5. 179 Monaco 9.24 billion current LCU compare
  6. 180 Bermuda 8.98 billion current LCU compare

See the full ranking of 211 places β†’

More population data for Palestine

All data for Palestine β†’

Frequently asked questions

What is gdp in Palestine?
Gdp in Palestine was 13.71 billion current LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Palestine?
The highest recorded value was 19.17 billion current LCU in 2022.
What is the lowest gdp recorded in Palestine?
The lowest recorded value was 2.84 billion current LCU in 1994.
How does Palestine rank for gdp?
Palestine ranks 177th out of 211 countries with data for 2024.
Is gdp rising or falling in Palestine?
Over the last ten years it is down 2.0%. The long-run trend across the full record is volatile.
Where does this Palestine data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 31 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).

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GDP in Palestine. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 18 August 2026, from https://population.statizoid.com/stat/gdp-current-lcu-2/west-bank-and-gaza/

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About this data

Indicator
GDP (current LCU)
Unit
current LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,385 data points, 1970–2024
Last refreshed

February 2026 Data Release