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Palestinian Territories

Headline economic indicators for Palestinian Territories, with the most recent official readings.

Prices

Prices — Palestinian Territories
Indicator Value Change
Inflation rate · 9.8% -43.86 (-81.7%)
Consumer price index · 209.6 +18.72 (+9.8%)
GDP deflator inflation · 2.7% -8.70 (-76.2%)

GDP

GDP — Palestinian Territories
Indicator Value Change
GDP growth rate · 4.3% +27.20 (+119.0%)
GDP per capita · 3,171.11 +142.85 (+4.7%)
GDP per capita, long-run history · 4,775 +76.27 (+1.6%)
GDP · 17,167,100,000 +1,150,200,000 (+7.2%)
GDP, PPP · 27,066,426,399 +1,833,752,896 (+7.3%)
GDP per capita, PPP · 5,000 +229.07 (+4.8%)
GDP per capita growth · 1.9% +26.60 (+107.9%)
GNI per capita · 3,250 +270.00 (+9.1%)
Agriculture to GDP · 5.5% +0.64 (+13.2%)
Industry to GDP · 16.3% -0.42 (-2.5%)
Manufacturing to GDP · 11.3% +0.31 (+2.9%)
Services to GDP · 60.2% +1.41 (+2.4%)
Household consumption to GDP · 90.6% +0.70 (+0.8%)
Gross capital formation to GDP · 25.6% +1.95 (+8.2%)
Gross savings to GDP · 9.2% +1.65 (+21.8%)

Labour

Labour — Palestinian Territories
Indicator Value Change
Unemployment rate · 24.4% -1.97 (-7.5%)
Labour force participation rate · 45.0% +1.62 (+3.7%)
Female labour force participation rate · 18.9% +1.39 (+7.9%)
Youth unemployment rate · 36.1% -5.54 (-13.3%)
Employment to population ratio · 34.0% +2.08 (+6.5%)
Employment in agriculture · 6.3% -0.46 (-6.7%)
Employment in industry · 29.9% +0.77 (+2.7%)
Employment in services · 63.8% -0.32 (-0.5%)

Money

Money — Palestinian Territories
Indicator Value Change
Real interest rate · -3.1% -6.34 (-196.7%)
Broad money to GDP · 110.4% +21.79 (+24.6%)
Private sector credit to GDP · 56.5% -2.17 (-3.7%)
Lending rate · 5.6% +0.04 (+0.7%)
Bank deposit rate · 2.2% -0.19 (-7.9%)
Stock market capitalization to GDP · 28.8% +3.32 (+13.0%)
Bank nonperforming loans · 3.4% +0.17 (+5.3%)

Trade

Trade — Palestinian Territories
Indicator Value Change
Current account to GDP · -15.8% +2.28 (+12.6%)
Exports to GDP · 21.2% -0.62 (-2.9%)
Imports to GDP · 53.5% +0.80 (+1.5%)
Trade to GDP · 74.8% +0.17 (+0.2%)
Exports of goods and services · 3,644,200,000 +144,100,000 (+4.1%)
Imports of goods and services · 9,190,000,000 +743,400,000 (+8.8%)
Trade balance, goods and services (annual) · -5,608,272,117.67 -228,816,436 (-4.3%)
Current account balance (annual) · -2,716,105,549.29 +182,941,570 (+6.3%)
Foreign direct investment to GDP · 1.9% +0.91 (+89.7%)
Remittances received to GDP · 4.0% -0.55 (-12.1%)
Total reserves, including gold · 1,825,200,000 +497,200,000 (+37.4%)
Reserves in months of imports · 2.3 +0.44 (+23.1%)

Government

Government — Palestinian Territories
Indicator Value Change
Government expense to GDP · 26.2% -3.07 (-10.5%)
Government consumption to GDP · 17.0% -0.48 (-2.7%)
Education spending to GDP · 5.4% +0.71 (+15.1%)
Health spending to GDP · 10.7% +1.03 (+10.6%)

Demography

Demography — Palestinian Territories
Indicator Value Change
Population · 5,413,596 +124,444 (+2.4%)
Population, long-run history · 5,042 +112.06 (+2.3%)
Population growth · 2.3% -0.03 (-1.5%)
Life expectancy · 69.2 +4.04 (+6.2%)
Fertility rate · 3.25 -0.06 (-1.8%)
Birth rate · 26.5 -0.60 (-2.2%)
Death rate · 5.9 -1.33 (-18.4%)
Urban population share · 87.4% +0.26 (+0.3%)
Population aged 65 and over · 3.9% +0.01 (+0.4%)
Under-five mortality rate · 37.9 -4.00 (-9.5%)
Population density · 877.9 +20.48 (+2.4%)
Net migration · -23,156 -11.00 (-0.0%)
Gini index · 36.4 +2.70 (+8.0%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Palestinian Territories; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.