The Gross Domestic Product (GDP) in West Bank and Gaza was worth 17.40 billion US dollars in 2023, according to official data from the World Bank. The GDP value of West Bank and Gaza represents 0.02 percent of the world economy. This dataset includes a chart with historical data for West Bank and Gaza GDP.

Key information about State of Palestine (West Bank and Gaza) GDP Per Capita

• State of Palestine (West Bank and Gaza) Gross Domestic Product (GDP) per Capita reached 3,458.500 USD in Dec 2023, compared with 3,800.000 USD in Dec 2022.
• State of Palestine (West Bank and Gaza) GDP Per Capita data is updated yearly, available from Dec 1994 to Dec 2023, with an average number of 2,114.550 USD.
• The data reached an all-time high of 3,800.000 USD in Dec 2022 and a record low of 1,181.800 in Dec 2002.
• The Palestinian Central Bureau of Statistics provides annual GDP per Capita in USD.

• In the latest reports, State of Palestine (West Bank and Gaza) GDP expanded 3.483 % YoY in Sep 2024.
• State of Palestine (West Bank and Gaza) Nominal GDP reached 4.693 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 6.040 % in Mar 2023.
• Gross Savings Rate of State of Palestine (West Bank and Gaza) was measured at 1.335 % in Sep 2024.

Graph and download economic data for Gross Domestic Product for the West Bank and Gaza (NYGDPMKTPCDPSE) from 1994 to 2024 about Palestinian Territory and GDP.

The Gross Domestic Product per capita in West Bank and Gaza was last recorded at 2862.88 US dollars in 2023. The GDP per Capita in West Bank and Gaza is equivalent to 23 percent of the world's average. West Bank and Gaza GDP per capita - values, historical data, forecasts and news - updated on July of 2025.

Historical chart and dataset showing West Bank and Gaza gdp growth rate by year from 1995 to 2023.

Historical chart and dataset showing West Bank and Gaza GDP per capita by year from 1994 to 2023.

The Gross Domestic Product per capita in West Bank and Gaza was last recorded at 5313.10 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in West Bank and Gaza, when adjusted by Purchasing Power Parity is equivalent to 30 percent of the world's average. West Bank and Gaza GDP per capita PPP - values, historical data, forecasts and news - updated on July of 2025.

Key information about State of Palestine (West Bank and Gaza) Nominal GDP

• State of Palestine (West Bank and Gaza) Nominal GDP reached 4.7 USD bn in Sep 2022, compared with 4.7 USD bn in the previous quarter.
• Nominal GDP in State of Palestine (West Bank and Gaza) is updated quarterly, available from Mar 2000 to Sep 2022, with an average number of 2.8 USD bn.
• The data reached an all-time high of 4.9 USD bn in Dec 2021 and a record low of 804.4 USD mn in Jun 2002.

• In the latest reports, State of Palestine (West Bank and Gaza) GDP expanded 1.3 % YoY in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 0.1 % in Sep 2022.
• State of Palestine (West Bank and Gaza) GDP Per Capita reached 3,654.6 USD in Dec 2021.
• Its Gross Savings Rate was measured at 6.6 % in Jun 2022.
• For Nominal GDP contributions, Investment accounted for 27.2 % in Sep 2022.
• Public Consumption accounted for 20.1 % in Sep 2022.
• Private Consumption accounted for 104.8 % in Sep 2022.

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for West Bank and Gaza (WBGNGDPXORPCHPT) from 2000 to 2023 about Palestinian Territory, non-oil, REO, real, GDP, and rate.

Key information about State of Palestine (West Bank and Gaza) Nominal GDP Growth

• State of Palestine (West Bank and Gaza) Nominal GDP Growth was reported at -26.929 % in Sep 2024.
• This records an increase from the previous number of -30.917 % for Jun 2024.
• State of Palestine (West Bank and Gaza) Nominal GDP Growth data is updated quarterly, averaging 6.138 % from Mar 2001 to Sep 2024, with 95 observations.
• The data reached an all-time high of 34.394 % in Mar 2011 and a record low of -33.939 % in Mar 2024.
• State of Palestine (West Bank and Gaza) Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

GDP per capita (current US$) in Palestine was reported at 3372 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Palestine - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Gross Domestic Product in Current Prices for West Bank and Gaza (WBGNGDPDUSD) from 2000 to 2023 about Palestinian Territory, REO, and GDP.

State of Palestine (West Bank and Gaza) GDP per Capita: 2015p: Gaza Strip data was reported at 362.000 USD in Dec 2018. This records an increase from the previous number of 357.100 USD for Sep 2018. State of Palestine (West Bank and Gaza) GDP per Capita: 2015p: Gaza Strip data is updated quarterly, averaging 455.930 USD from Mar 2000 (Median) to Dec 2018, with 76 observations. The data reached an all-time high of 637.295 USD in Dec 2005 and a record low of 326.677 USD in Sep 2014. State of Palestine (West Bank and Gaza) GDP per Capita: 2015p: Gaza Strip data remains active status in CEIC and is reported by Palestinian Central Bureau of Statistics. The data is categorized under Global Database’s State of Palestine (West Bank and Gaza) – Table PS.A014: SNA 2008: GDP per Capita: 2015 Price.

Historical chart and dataset showing West Bank and Gaza trade to gdp ratio by year from 1994 to 2023.

Graph and download economic data for Cash surplus/deficit (% of GDP) for the West Bank and Gaza (GCBALCASHGDZSPSE) from 2005 to 2014 about Palestinian Territory, cash, budget, and GDP.

Key information about State of Palestine (West Bank and Gaza) Real GDP Growth

• The Gross Domestic Product (GDP) in State of Palestine (West Bank and Gaza) expanded 3.5 % YoY in Sep 2024, following a growth of 4.8 % in the previous quarter.
• Real GDP Growth YoY data in State of Palestine (West Bank and Gaza) is updated quarterly, available from Jun 2000 to Sep 2024, with an average rate of 1.1 %.
• The data reached an all-time high of 24.2 % in Dec 2002 and a record low of -29.2 % in Dec 2023.

• In the latest reports, Nominal GDP of State of Palestine (West Bank and Gaza) reached 4.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 6.0 % in Mar 2023.
• GDP Per Capita in State of Palestine (West Bank and Gaza) reached 3,367.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at -2.4 % in Jun 2024.
• For Nominal GDP contributions, Investment accounted for 27.1 % in Mar 2023.
• Public Consumption accounted for 20.9 % in Jun 2024.
• Private Consumption accounted for 98.6 % in Jun 2024.

Historical chart and dataset showing West Bank and Gaza debt to gdp ratio by year from N/A to N/A.

State of Palestine (West Bank and Gaza) Gross Domestic Product (GDP): Gaza Strip: NF: Net Compensation of Employees data was reported at 10.900 USD mn in Dec 2018. This stayed constant from the previous number of 10.900 USD mn for Sep 2018. State of Palestine (West Bank and Gaza) Gross Domestic Product (GDP): Gaza Strip: NF: Net Compensation of Employees data is updated quarterly, averaging 6.700 USD mn from Mar 2011 (Median) to Dec 2018, with 32 observations. The data reached an all-time high of 18.100 USD mn in Sep 2011 and a record low of 2.000 USD mn in Jun 2017. State of Palestine (West Bank and Gaza) Gross Domestic Product (GDP): Gaza Strip: NF: Net Compensation of Employees data remains active status in CEIC and is reported by Palestinian Central Bureau of Statistics. The data is categorized under Global Database’s State of Palestine (West Bank and Gaza) – Table PS.A009: SNA 2008: Gross National Income and Gross National Disposable Income: Current Price.

Key information about State of Palestine (West Bank and Gaza) Tax revenue: % of GDP

• State of Palestine (West Bank and Gaza) Tax revenue: % of GDP was reported at 21.4 % in Dec 2020.
• This records an increase from the previous number of 19.0 % for Dec 2019.
• State of Palestine (West Bank and Gaza) Tax revenue: % of GDP data is updated yearly, averaging 18.4 % from Dec 2005 to 2020, with 16 observations.
• The data reached an all-time high of 21.4 % in 2020 and a record low of 4.2 % in 2006.
• State of Palestine (West Bank and Gaza) Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Annual.

State of Palestine (West Bank and Gaza) PS: GDP: PPP data was reported at 22,886.737 Intl $ mn in 2017. This records a decrease from the previous number of 23,257.194 Intl $ mn for 2016. State of Palestine (West Bank and Gaza) PS: GDP: PPP data is updated yearly, averaging 12,787.924 Intl $ mn from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 23,257.194 Intl $ mn in 2016 and a record low of 4,602.563 Intl $ mn in 1994. State of Palestine (West Bank and Gaza) PS: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s State of Palestine (West Bank and Gaza) – Table PS.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;