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.

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;

The Gross Domestic Product (GDP) in Palestine contracted 1 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Palestine GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productat Market Price: Linked Series data was reported at 14,498.100 ILS mn in 2017. This records an increase from the previous number of 13,425.700 ILS mn for 2016. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productat Market Price: Linked Series data is updated yearly, averaging 4,870.950 ILS mn from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 14,498.100 ILS mn in 2017 and a record low of 2,843.300 ILS mn in 1994. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productat Market Price: Linked Series 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: Nominal. GDP at purchaser's prices 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productper Capita: PPP data was reported at 4,885.342 Intl $ in 2017. This records a decrease from the previous number of 5,109.713 Intl $ for 2016. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productper Capita: PPP data is updated yearly, averaging 3,745.408 Intl $ from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 5,109.713 Intl $ in 2016 and a record low of 1,945.048 Intl $ in 1994. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic Productper Capita: 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. GDP per capita based on purchasing power parity (PPP). 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 at purchaser's prices 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 based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;

State of Palestine (West Bank and Gaza) PS: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 2.203 % in 2015. This records an increase from the previous number of 2.096 % for 2014. State of Palestine (West Bank and Gaza) PS: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 6.448 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 11.602 % in 1995 and a record low of 1.734 % in 2013. State of Palestine (West Bank and Gaza) PS: GDP: % of Manufacturing: Medium and High Tech Industry 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: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;

State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic ProductDeflator on Linked Series data was reported at 105.931 NA in 2017. This records an increase from the previous number of 101.176 NA for 2016. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic ProductDeflator on Linked Series data is updated yearly, averaging 63.912 NA from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 105.931 NA in 2017 and a record low of 54.869 NA in 1999. State of Palestine (West Bank and Gaza) PS:(GDP) Gross Domestic ProductDeflator on Linked Series 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: Nominal. The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

State of Palestine (West Bank and Gaza) PS: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 17.683 USD bn in 2023. This records a decrease from the previous number of 19.137 USD bn for 2022. State of Palestine (West Bank and Gaza) PS: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 7.936 USD bn from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 19.137 USD bn in 2022 and a record low of 2.941 USD bn in 1994. State of Palestine (West Bank and Gaza) PS: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series 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: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

State of Palestine (West Bank and Gaza) GDP per Capita: PPP: 2021 Price data was reported at 5,307.601 Intl $ in 2023. This records a decrease from the previous number of 5,753.084 Intl $ for 2022. State of Palestine (West Bank and Gaza) GDP per Capita: PPP: 2021 Price data is updated yearly, averaging 5,171.250 Intl $ from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 6,464.134 Intl $ in 2016 and a record low of 3,409.145 Intl $ in 2002. State of Palestine (West Bank and Gaza) GDP per Capita: PPP: 2021 Price 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. GDP per capita based on purchasing power parity (PPP). 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 at purchaser's prices is the sum of gross value added by all resident producers in the country 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 constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

State of Palestine (West Bank and Gaza) GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 29,188.598 Intl $ mn in 2023. This records a decrease from the previous number of 30,350.970 Intl $ mn for 2022. State of Palestine (West Bank and Gaza) GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 18,549.725 Intl $ mn from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 30,350.970 Intl $ mn in 2022 and a record low of 10,077.336 Intl $ mn in 1994. State of Palestine (West Bank and Gaza) GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs 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. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2021 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

State of Palestine (West Bank and Gaza) GDP per Person Employed: 2021 PPP data was reported at 27,596.353 Intl $ in 2022. This records a decrease from the previous number of 29,092.748 Intl $ for 2021. State of Palestine (West Bank and Gaza) GDP per Person Employed: 2021 PPP data is updated yearly, averaging 28,730.952 Intl $ from Dec 1994 (Median) to 2022, with 29 observations. The data reached an all-time high of 32,803.426 Intl $ in 2018 and a record low of 20,936.043 Intl $ in 1996. State of Palestine (West Bank and Gaza) GDP per Person Employed: 2021 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: Employment and Unemployment. GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2021 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.;World Bank, World Development Indicators database. Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat, OECD, and World Bank.;Weighted average;

State of Palestine (West Bank and Gaza) PS: GDP: PPP: 2017 Price data was reported at 28,861.612 Intl $ mn in 2022. This records an increase from the previous number of 27,769.446 Intl $ mn for 2021. State of Palestine (West Bank and Gaza) PS: GDP: PPP: 2017 Price data is updated yearly, averaging 17,835.505 Intl $ mn from Dec 1994 (Median) to 2022, with 29 observations. The data reached an all-time high of 29,261.838 Intl $ mn in 2019 and a record low of 9,349.730 Intl $ mn in 1994. State of Palestine (West Bank and Gaza) PS: GDP: PPP: 2017 Price 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 country 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 constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

State of Palestine (West Bank and Gaza) PS: GDP: PPP: Household Final Consumption Expenditure data was reported at 18,616.304 Intl $ mn in 2016. This records an increase from the previous number of 17,763.650 Intl $ mn for 2015. State of Palestine (West Bank and Gaza) PS: GDP: PPP: Household Final Consumption Expenditure data is updated yearly, averaging 10,325.050 Intl $ mn from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 18,616.304 Intl $ mn in 2016 and a record low of 5,601.915 Intl $ mn in 1996. State of Palestine (West Bank and Gaza) PS: GDP: PPP: Household Final Consumption Expenditure 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. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Gap-filled total;