Real GDP growth (IMF) — all countries

Real GDP growth (IMF) — Palestine

Real GDP growth (IMF) in Palestine in 2024 — -22.9%. Ranked 193 in the world out of 195. Since 1995, the indicator has fallen by 30 pp.

2024 -22.9% −21.9 pp vs 2023
World rank 193of 195
Period maximum 21.9%2004
Period minimum -22.9%2024

Trend over time

1995–2024 · % per year

Real GDP growth (IMF) — Palestine, 1995–2024-40-2002040199519982001200420072010201320162019202220241995: 7.1%1996: 1.2%1997: 14.7%1998: 14.3%1999: 8.3%2000: -8.6%2001: -9.3%2002: -12.5%2003: 14%2004: 21.9%2005: 11.3%2006: -1%2007: 3.8%2008: 7.4%2009: 8.6%2010: 5.8%2011: 9.6%2012: 6.1%2013: 4.7%2014: -0.2%2015: 3.7%2016: 8.9%2017: 1.4%2018: 1.2%2019: 1.4%2020: -11.3%2021: 7%2022: 4.1%2023: -1%2024: -22.9%
Change over the period: −30 pp Annual average: -1.03 pp

Comparison, 2024

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

Palestine -22.9%
World computed 2.9%
Western Asia computed 2.41%
Real GDP growth (IMF) — Palestine, by year Palestine All countries CSV XLSX
Year % Change, pp
2024 -22.9 −21.9 pp
2023 -1 −5.1 pp
2022 4.1 −2.9 pp
2021 7 +18.3 pp
2020 -11.3 −12.7 pp
2019 1.4 +0.2 pp
2018 1.2 −0.2 pp
2017 1.4 −7.5 pp
2016 8.9 +5.2 pp
2015 3.7 +3.9 pp
2014 -0.2 −4.9 pp
2013 4.7 −1.4 pp
2012 6.1 −3.5 pp
2011 9.6 +3.8 pp
2010 5.8 −2.8 pp
2009 8.6 +1.2 pp
2008 7.4 +3.6 pp
2007 3.8 +4.8 pp
2006 -1 −12.3 pp
2005 11.3 −10.6 pp
2004 21.9 +7.9 pp
2003 14 +26.5 pp
2002 -12.5 −3.2 pp
2001 -9.3 −0.7 pp
2000 -8.6 −16.9 pp
1999 8.3 −6 pp
1998 14.3 −0.4 pp
1997 14.7 +13.5 pp
1996 1.2 −5.9 pp
1995 7.1

About the indicator

The annual growth rate of GDP in constant prices from the IMF World Economic Outlook database. It is the main reference point for judging the prospects of economies: these are the figures quoted as the IMF growth forecast. Values for past years are actuals from the national accounts; those for the current and future years are estimates and projections.

Important: The projection years are revised twice a year, and the divergence from the eventual actuals can be substantial for commodity economies.

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