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Palestinian Territories Trade (% GDP)

Palestinian Territories' trade (% GDP) rose to 81.31% in 2024, up from 79.53% in 2023, according to World Bank. This represents an increase of 1.78% from the previous year. Palestinian Territories has trade (% GDP) lower than the global median (81.31% vs median 84.49%). Compared with the median in Asia, Palestinian Territories is lower (81.31% vs regional median 82.69%) and ranks 25th out of 45 countries in Asia.

Yearly Historical Data (1994-2024)

(in %)
Year Trade (% GDP)
2024 81.31%
2023 79.53%
2022 82.39%
2021 73.08%
2020 67.29%
2019 68.99%
2018 71.4%
2017 68.45%
2016 65.42%
2015 70.78%
2014 67.74%
2013 66.27%
2012 66.93%
2011 67.25%
2010 68.5%
2009 75.15%
2008 79.48%
2007 92%
2006 82.64%
2005 83.84%
2004 81.12%
2003 76.4%
2002 76.25%
2001 82.73%
2000 87.64%
1999 96.35%
1998 88.99%
1997 90.34%
1996 89.27%
1995 91.49%
1994 86.46%
Palestinian Territories Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Palestinian Territories divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $1.52B $1.53B 2023
Annual Imports $8.27B $9.09B 2023
Exports (% GDP) 21.04% 17.75% 2024
FDI Inflows (% GDP) 1.18% 0.58% 2024
Imports (% GDP) 60.27% 61.79% 2024
Net Trade (Goods & Services, BoP) -$5.38B -$8.22B 2024
Tariff Rate 1.86% 2.45% 2017