GDP (current LCU) (UNESCO Institute) in Palestine
Palestine: GDP (current LCU) (UNESCO Institute) was 13.71 billion current LCU in 2024. ◆ 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
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.
GDP (current LCU) (UNESCO Institute) in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 2.84 billion current LCU | — |
| 1995 | 3.28 billion current LCU | +15.5% |
| 1996 | 3.41 billion current LCU | +3.9% |
| 1997 | 3.76 billion current LCU | +10.3% |
| 1998 | 4.07 billion current LCU | +8.2% |
| 1999 | 4.27 billion current LCU | +5.0% |
| 2000 | 4.31 billion current LCU | +1.0% |
| 2001 | 4.00 billion current LCU | -7.2% |
| 2002 | 3.56 billion current LCU | -11.2% |
| 2003 | 3.97 billion current LCU | +11.6% |
| 2004 | 4.60 billion current LCU | +16.0% |
| 2005 | 5.13 billion current LCU | +11.4% |
| 2006 | 5.35 billion current LCU | +4.3% |
| 2007 | 5.82 billion current LCU | +8.7% |
| 2008 | 7.31 billion current LCU | +25.7% |
| 2009 | 8.09 billion current LCU | +10.6% |
| 2010 | 9.68 billion current LCU | +19.7% |
| 2011 | 11.19 billion current LCU | +15.5% |
| 2012 | 12.21 billion current LCU | +9.1% |
| 2013 | 13.52 billion current LCU | +10.7% |
| 2014 | 13.99 billion current LCU | +3.5% |
| 2015 | 13.97 billion current LCU | -0.1% |
| 2016 | 15.41 billion current LCU | +10.3% |
| 2017 | 16.13 billion current LCU | +4.7% |
| 2018 | 16.28 billion current LCU | +0.9% |
| 2019 | 17.13 billion current LCU | +5.3% |
| 2020 | 15.53 billion current LCU | -9.3% |
| 2021 | 18.11 billion current LCU | +16.6% |
| 2022 | 19.17 billion current LCU | +5.8% |
| 2023 | 17.85 billion current LCU | -6.9% |
| 2024 | 13.71 billion current LCU | -23.2% |
Palestine compared with similar countries
- Palestine's 13.71 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 1% of the median. (47 countries reporting)
- Palestine's 13.71 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 trillion current LCU, 1% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
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 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.
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