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Palestinian Territories GDP

Palestinian Territories' GDP fell to $13.71 billion in 2024, down from $17.85 billion in 2023, according to World Bank. This represents a decrease of 23.2% ($4.14 billion) from the previous year and accounts for 0.01% of the world's total GDP. Palestinian Territories has GDP lower than the global median ($13.71 billion vs median $35.85 billion). Compared with the median in Asia, Palestinian Territories is lower ($13.71 billion vs regional median $98.96 billion) and ranks 44th out of 47 countries in Asia.

Palestinian Territories' GDP per capita fell to $2,072.09 in 2024, down from $2,888.76 in 2023.

Yearly Historical Data (1994-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 13.71
2023 17.85
2022 19.17
2021 18.11
2020 15.53
2019 17.13
2018 16.28
2017 16.13
2016 15.41
2015 13.97
2014 13.99
2013 13.52
2012 12.21
2011 11.19
2010 9.68
2009 8.09
2008 7.31
2007 5.82
2006 5.35
2005 5.13
2004 4.6
2003 3.97
2002 3.56
2001 4
2000 4.31
1999 4.27
1998 4.07
1997 3.76
1996 3.41
1995 3.28
1994 2.84
Palestinian Territories GDP : Definition
GDP measures the total value of all goods and services produced in Palestinian Territories, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -26.56% -4.56% 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