GDP in Palestine

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

Latest (2024)
13.71 billion current US$
Change on year
down 23.2%
World rank
146th
of 208 countries
All-time high
19.17 billion current US$
in 2022
All-time low
2.84 billion current US$
in 1994
Years of data
31
1994–2024

GDP in Palestine, 1994–2024

5.0B10.0B15.0B20.0B1994200920241994: 2.8B current US$1995: 3.3B current US$1996: 3.4B current US$1997: 3.8B current US$1998: 4.1B current US$1999: 4.3B current US$2000: 4.3B current US$2001: 4.0B current US$2002: 3.6B current US$2003: 4.0B current US$2004: 4.6B current US$2005: 5.1B current US$2006: 5.3B current US$2007: 5.8B current US$2008: 7.3B current US$2009: 8.1B current US$2010: 9.7B current US$2011: 11.2B current US$2012: 12.2B current US$2013: 13.5B current US$2014: 14.0B current US$2015: 14.0B current US$2016: 15.4B current US$2017: 16.1B current US$2018: 16.3B current US$2019: 17.1B current US$2020: 15.5B current US$2021: 18.1B current US$2022: 19.2B current US$2023: 17.8B current US$2024: 13.7B current US$

Source: UNESCO Institute for Statistics. Measured in current US$.

Analysis

The most recent figure for gdp in Palestine is 13.71 billion current US$, measured in 2024.

The figure 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 US$ in 2022 and was at its lowest, 2.84 billion current US$, in 1994.

Palestine ranks 146th of 208 countries on this measure, in the middle of the range.

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 US$ 2.84 billion current US$ 4.27 billion current US$ 6
2000s 5.21 billion current US$ 3.56 billion current US$ 8.09 billion current US$ 10
2010s 13.95 billion current US$ 9.68 billion current US$ 17.13 billion current US$ 10
2020s 16.87 billion current US$ 13.71 billion current US$ 19.17 billion current US$ 5

Countries ranked near Palestine

  1. 143 Mauritius 14.95 billion current US$ compare
  2. 144 Rwanda 14.25 billion current US$ compare
  3. 145 Tajikistan 14.20 billion current US$ compare
  4. 147 Namibia 13.37 billion current US$ compare
  5. 148 Equatorial Guinea 12.77 billion current US$ compare
  6. 149 Somalia 12.11 billion current US$ 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 US$ 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 US$ in 2022.
What is the lowest gdp recorded in Palestine?
The lowest recorded value was 2.84 billion current US$ in 1994.
How does Palestine rank for gdp?
Palestine ranks 146th out of 208 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 US$). Statizoid updates them automatically from the source API.

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GDP in Palestine. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-current-us-2/west-bank-and-gaza/

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About this data

Indicator
GDP (current US$)
Unit
current US$
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,315 data points, 1970–2024
Last refreshed

February 2026 Data Release