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Palestinian Territories GDP Annual Growth Rate

Palestinian Territories' GDP annual growth rate fell to -26.56% in 2024, down from -4.56% in 2023, according to World Bank. This represents a decrease of 22% from the previous year. Palestinian Territories has the lowest GDP annual growth rate, followed by Sudan and Haiti.

Palestinian Territories' real GDP fell to $10.96 billion in 2024, down from $14.92 billion in 2023.

Yearly Historical Data (1995-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -26.56%
2023 -4.56%
2022 4.08%
2021 7.01%
2020 -11.32%
2019 1.36%
2018 1.23%
2017 1.42%
2016 8.86%
2015 3.72%
2014 -0.16%
2013 4.7%
2012 6.1%
2011 9.6%
2010 5.78%
2009 8.59%
2008 7.43%
2007 3.79%
2006 -1%
2005 11.29%
2004 21.92%
2003 14.02%
2002 -12.49%
2001 -9.31%
2000 -8.56%
1999 8.28%
1998 14.33%
1997 14.67%
1996 1.21%
1995 7.12%
Palestinian Territories GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Palestinian Territories' total economic output.
Indicator Last Value Prior Value Period
GDP $13.71B $17.85B 2024
GDP per Capita $2,072.09 $2,888.76 2024
GDP per Capita PPP $3,845.5 $5,361.13 2024
Real GDP $10.96B $14.92B 2024