Price level ratio of PPP conversion factor (GDP) to market exchange in Palestine
Palestine: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.593 in 2024. ▲ Rising
Latest (2024)
0.593
Change on year
up 2.1%
World rank
67th
of 202 countries
All-time high
0.672
in 2011
All-time low
0.48
in 2005
Years of data
31
1994–2024
Price level ratio of PPP conversion factor (GDP) to market exchange in Palestine, 1994–2024
Source: UNESCO Institute for Statistics.
Analysis
Palestine recorded 0.593 for price level ratio of ppp conversion factor (gdp) to market exchange in 2024.
The figure is up 2.1% on the previous year and down 4.8% over ten years.
Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in Palestine peaked at 0.672 in 2011 and was at its lowest, 0.48, in 2005.
That places Palestine 67th out of 202 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Price level ratio of PPP conversion factor (GDP) to market exchange in Palestine, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 0.5724 | — |
| 1995 | 0.6043 | +5.6% |
| 1996 | 0.6089 | +0.8% |
| 1997 | 0.5757 | -5.5% |
| 1998 | 0.5387 | -6.4% |
| 1999 | 0.5151 | -4.4% |
| 2000 | 0.5563 | +8.0% |
| 2001 | 0.5568 | +0.1% |
| 2002 | 0.5564 | -0.1% |
| 2003 | 0.534 | -4.0% |
| 2004 | 0.4948 | -7.3% |
| 2005 | 0.48 | -3.0% |
| 2006 | 0.4908 | +2.2% |
| 2007 | 0.5006 | +2.0% |
| 2008 | 0.5747 | +14.8% |
| 2009 | 0.5818 | +1.2% |
| 2010 | 0.6506 | +11.8% |
| 2011 | 0.672 | +3.3% |
| 2012 | 0.6168 | -8.2% |
| 2013 | 0.6574 | +6.6% |
| 2014 | 0.6229 | -5.2% |
| 2015 | 0.5671 | -9.0% |
| 2016 | 0.5819 | +2.6% |
| 2017 | 0.5929 | +1.9% |
| 2018 | 0.5731 | -3.3% |
| 2019 | 0.5619 | -2.0% |
| 2020 | 0.5429 | -3.4% |
| 2021 | 0.6496 | +19.7% |
| 2022 | 0.6166 | -5.1% |
| 2023 | 0.5807 | -5.8% |
| 2024 | 0.593 | +2.1% |
Palestine compared with similar countries
- Palestine's 0.593 is above the median for lower middle income countries, which is 0.327, 1.8× the median. (47 countries reporting)
- Palestine's 0.593 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 0.4357, 1.4× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5692 | 0.5151 | 0.6089 | 6 |
| 2000s | 0.5326 | 0.48 | 0.5818 | 10 |
| 2010s | 0.6097 | 0.5619 | 0.672 | 10 |
| 2020s | 0.5965 | 0.5429 | 0.6496 | 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 price level ratio of ppp conversion factor (gdp) to market exchange in Palestine?
- Price level ratio of ppp conversion factor (gdp) to market exchange in Palestine was 0.593 in 2024, according to UNESCO Institute for Statistics.
- What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Palestine?
- The highest recorded value was 0.672 in 2011.
- What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Palestine?
- The lowest recorded value was 0.48 in 2005.
- How does Palestine rank for price level ratio of ppp conversion factor (gdp) to market exchange?
- Palestine ranks 67th out of 202 countries with data for 2024.
- Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in Palestine?
- Over the last ten years it is down 4.8%. 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 Price level ratio of PPP conversion factor (GDP) to market exchange rate. 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