GDP (current US$) (UNESCO Institute) in Palestine
Palestine: GDP (current US$) (UNESCO Institute) was 13.71 billion current US$ in 2024. ◆ Volatile
Latest (2024)
13.71 billion current US$
Change on year
down 23.2%
World rank
147th
of 211 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
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$, in 1994.
Palestine ranks 147th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Palestine, year by year
| Year | current US$ | Change |
|---|---|---|
| 1994 | 2.84 billion current US$ | — |
| 1995 | 3.28 billion current US$ | +15.5% |
| 1996 | 3.41 billion current US$ | +3.9% |
| 1997 | 3.76 billion current US$ | +10.3% |
| 1998 | 4.07 billion current US$ | +8.2% |
| 1999 | 4.27 billion current US$ | +5.0% |
| 2000 | 4.31 billion current US$ | +1.0% |
| 2001 | 4.00 billion current US$ | -7.2% |
| 2002 | 3.56 billion current US$ | -11.2% |
| 2003 | 3.97 billion current US$ | +11.6% |
| 2004 | 4.60 billion current US$ | +16.0% |
| 2005 | 5.13 billion current US$ | +11.4% |
| 2006 | 5.35 billion current US$ | +4.3% |
| 2007 | 5.82 billion current US$ | +8.7% |
| 2008 | 7.31 billion current US$ | +25.7% |
| 2009 | 8.09 billion current US$ | +10.6% |
| 2010 | 9.68 billion current US$ | +19.7% |
| 2011 | 11.19 billion current US$ | +15.5% |
| 2012 | 12.21 billion current US$ | +9.1% |
| 2013 | 13.52 billion current US$ | +10.7% |
| 2014 | 13.99 billion current US$ | +3.5% |
| 2015 | 13.97 billion current US$ | -0.1% |
| 2016 | 15.41 billion current US$ | +10.3% |
| 2017 | 16.13 billion current US$ | +4.7% |
| 2018 | 16.28 billion current US$ | +0.9% |
| 2019 | 17.13 billion current US$ | +5.3% |
| 2020 | 15.53 billion current US$ | -9.3% |
| 2021 | 18.11 billion current US$ | +16.6% |
| 2022 | 19.17 billion current US$ | +5.8% |
| 2023 | 17.85 billion current US$ | -6.9% |
| 2024 | 13.71 billion current US$ | -23.2% |
Palestine compared with similar countries
- Palestine's 13.71 billion current US$ is below the median for lower middle income countries, which is 26.33 billion current US$, 52% of the median. (47 countries reporting)
- Palestine's 13.71 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 106.94 billion current US$, 13% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.61 billion current US$ | 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
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 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 147th 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 US$). 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