Services value added — all countries

Services value added — Palestine

Services value added in Palestine in 2024 — 9,643,600,000 US$. Ranked 123 in the world out of 188. Since 1994, the indicator has risen by 533.7%.

2024 9.64B US$ −11.99% vs 2023
World rank 123of 188
Period maximum 11.18B US$2022
Period minimum 1.52B US$1994

Trend over time

1994–2024 · US$

Services value added — Palestine, 1994–202405B10B15B199419972000200320062009201220152018202120241994: 1,521,700,000 US$1995: 1,714,300,000 US$1996: 1,756,300,000 US$1997: 2,060,400,000 US$1998: 2,214,600,000 US$1999: 2,276,800,000 US$2000: 2,514,800,000 US$2001: 2,401,900,000 US$2002: 2,359,800,000 US$2003: 2,491,000,000 US$2004: 2,643,100,000 US$2005: 2,937,900,000 US$2006: 3,115,700,000 US$2007: 3,519,400,000 US$2008: 4,201,000,000 US$2009: 4,676,300,000 US$2010: 5,586,100,000 US$2011: 6,736,000,000 US$2012: 7,322,300,000 US$2013: 8,213,200,000 US$2014: 8,593,500,000 US$2015: 8,618,600,000 US$2016: 9,390,600,000 US$2017: 9,514,900,000 US$2018: 9,762,300,000 US$2019: 10,470,200,000 US$2020: 9,404,700,000 US$2021: 10,879,000,000 US$2022: 11,179,400,000 US$2023: 10,957,500,000 US$2024: 9,643,600,000 US$
Change over the period: +8.12B (+533.74%) Average annual rate: 6.35 %

Comparison, 2024

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

Palestine 9.64B US$
World 70.69T US$
Western Asia computed 2.61T US$
Lower-middle-income countries computed 4.22T US$
Services value added — Palestine, by year Palestine All countries CSV XLSX
Year US$ Change Change, %
2024 9.64B −1.31B −11.99%
2023 10.96B −222M −1.98%
2022 11.18B +300M +2.76%
2021 10.88B +1.47B +15.68%
2020 9.4B −1.07B −10.18%
2019 10.47B +708M +7.25%
2018 9.76B +247M +2.6%
2017 9.51B +124M +1.32%
2016 9.39B +772M +8.96%
2015 8.62B +25.1M +0.29%
2014 8.59B +380M +4.63%
2013 8.21B +891M +12.17%
2012 7.32B +586M +8.7%
2011 6.74B +1.15B +20.59%
2010 5.59B +910M +19.46%
2009 4.68B +475M +11.31%
2008 4.2B +682M +19.37%
2007 3.52B +404M +12.96%
2006 3.12B +178M +6.05%
2005 2.94B +295M +11.15%
2004 2.64B +152M +6.11%
2003 2.49B +131M +5.56%
2002 2.36B −42.1M −1.75%
2001 2.4B −113M −4.49%
2000 2.51B +238M +10.45%
1999 2.28B +62.2M +2.81%
1998 2.21B +154M +7.48%
1997 2.06B +304M +17.31%
1996 1.76B +42M +2.45%
1995 1.71B +193M +12.66%
1994 1.52B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.