GDP (IMF) — all countries

GDP (IMF) — Palestine

GDP (IMF) in Palestine in 2024 — 16 bn US$. Ranked 138 in the world out of 195. Since 1994, the indicator has risen by 463.4%.

2024 16 bn US$ −14.05% vs 2023
World rank 138of 195
Period maximum 19.2 bn US$2022
Period minimum 2.8 bn US$1994

Trend over time

1994–2024 · billion US$

GDP (IMF) — Palestine, 1994–202405101520199419972000200320062009201220152018202120241994: 2.8 bn US$1995: 3.3 bn US$1996: 3.4 bn US$1997: 3.8 bn US$1998: 4.1 bn US$1999: 4.3 bn US$2000: 4.3 bn US$2001: 4 bn US$2002: 3.6 bn US$2003: 4 bn US$2004: 4.6 bn US$2005: 5.1 bn US$2006: 5.3 bn US$2007: 5.8 bn US$2008: 7.3 bn US$2009: 8.1 bn US$2010: 9.7 bn US$2011: 11.2 bn US$2012: 12.2 bn US$2013: 13.5 bn US$2014: 14 bn US$2015: 14 bn US$2016: 15.4 bn US$2017: 16.1 bn US$2018: 16.3 bn US$2019: 17.1 bn US$2020: 15.5 bn US$2021: 18.1 bn US$2022: 19.2 bn US$2023: 18.6 bn US$2024: 16 bn US$
Change over the period: +13.2 (+463.38%) Average annual rate: 5.93 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Palestine

Palestine 16 bn US$
World computed 111,598.6 bn US$
Middle East & North Africa computed 4,612 bn US$
Western Asia computed 4,812.2 bn US$
Lower-middle-income countries computed 8,446.8 bn US$
GDP (IMF) — Palestine, by year Palestine All countries CSV XLSX
Year bn US$ Change Change, %
2024 16 −2.6 −14.05%
2023 18.6 −0.5 −2.77%
2022 19.2 +1.1 +5.84%
2021 18.1 +2.6 +16.59%
2020 15.5 −1.6 −9.35%
2019 17.1 +0.9 +5.27%
2018 16.3 +0.1 +0.92%
2017 16.1 +0.7 +4.69%
2016 15.4 +1.4 +10.26%
2015 14 −0 −0.13%
2014 14 +0.5 +3.51%
2013 13.5 +1.3 +10.71%
2012 12.2 +1 +9.14%
2011 11.2 +1.5 +15.53%
2010 9.7 +1.6 +19.74%
2009 8.1 +0.8 +10.62%
2008 7.3 +1.5 +25.69%
2007 5.8 +0.5 +8.75%
2006 5.3 +0.2 +4.33%
2005 5.1 +0.5 +11.36%
2004 4.6 +0.6 +16%
2003 4 +0.4 +11.59%
2002 3.6 −0.4 −11.19%
2001 4 −0.3 −7.19%
2000 4.3 +0 +1.01%
1999 4.3 +0.2 +4.99%
1998 4.1 +0.3 +8.19%
1997 3.8 +0.4 +10.26%
1996 3.4 +0.1 +3.87%
1995 3.3 +0.4 +15.48%
1994 2.8

About the indicator

Gross domestic product in current prices, in billions of US dollars, from the IMF World Economic Outlook database. It differs from the World Bank series in the method of conversion into dollars and in that the most recent years are estimates while the next five are IMF projections. That makes the series convenient for planning, but part of the values are calculations rather than facts.

Important: Values for the current and following years are IMF estimates and projections; they are revised with every WEO release, in April and October.

Source: World Economic Outlook (IMF), license IMF open data.