Price level ratio of PPP conversion factor (GDP) to market exchange in Palestine, State of

Palestine, State of: 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, State of, 1994–2024

00.20.40.61994200920241994: 0.5721995: 0.6041996: 0.6091997: 0.5761998: 0.5391999: 0.5152000: 0.5562001: 0.5572002: 0.5562003: 0.5342004: 0.4952005: 0.482006: 0.4912007: 0.5012008: 0.5752009: 0.5822010: 0.6512011: 0.6722012: 0.6172013: 0.6572014: 0.6232015: 0.5672016: 0.5822017: 0.5932018: 0.5732019: 0.5622020: 0.5432021: 0.652022: 0.6172023: 0.5812024: 0.593

Source: UNESCO Institute for Statistics.

Analysis

Palestine, State of 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, State of peaked at 0.672 in 2011 and was at its lowest, 0.48, in 2005.

That places Palestine, State of 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, State of, year by year

Annual values for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Palestine, State of, 1994 to 2024.
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%

Averages by decade

DecadeAverage LowestHighest 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, State of

  1. 64 Jamaica 0.6019 compare
  2. 65 Singapore 0.6017 compare
  3. 66 Korea 0.5936 compare
  4. 68 Grenada 0.5887 compare
  5. 69 Portugal 0.5699 compare
  6. 70 Macau, China 0.5695 compare

See the full ranking of 202 places →

More population data for Palestine, State of

All data for Palestine, State of →

Frequently asked questions

What is price level ratio of ppp conversion factor (gdp) to market exchange in Palestine, State of?
Price level ratio of ppp conversion factor (gdp) to market exchange in Palestine, State of 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, State of?
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, State of?
The lowest recorded value was 0.48 in 2005.
How does Palestine, State of rank for price level ratio of ppp conversion factor (gdp) to market exchange?
Palestine, State of 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, State of?
Over the last ten years it is down 4.8%. The long-run trend across the full record is rising.
Where does this Palestine, State of 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.

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Price level ratio of PPP conversion factor (GDP) to market exchange in Palestine, State of. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 13 September 2026, from https://population.statizoid.com/stat/price-level-ratio-of-ppp-conversion-factor-gdp-to-market-exchange-rate-2/west-bank-and-gaza/

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About this data

Indicator
Price level ratio of PPP conversion factor (GDP) to market exchange rate
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
202 places, 6,811 data points, 1990–2024
Last refreshed

February 2026 Data Release