State of Palestine GDP (2024): History, Growth Rate & Projections

Nominal Gross Domestic Product (GDP) of State of Palestine is $16.02 billion as of 2024, according to the International Monetary Fund (IMF). The GDP growth rate in 2024 is -22.9%. GDP per capita is $2,853.

State of Palestine GDP Trend

Nominal GDP of State of Palestine has grown from $2.84 billion in 1994 to $16.02 billion in 2024.

State of Palestine GDP Growth Rate (%)

This chart shows the year-over-year real GDP growth rate of State of Palestine. Hover any bar to see the exact value for that year.

Average Growth

3.32%

Best Year

2004 (+21.9%)

Worst Year

2024 (-22.9%)

Years of Contraction

8 of 30

GDP per capita in State of Palestine rose from $3,398 in 2023 to $2,853 in 2024, a decrease of 16.0%.

"State of Palestine GDP", "State of Palestine gross domestic product", and "State of Palestine economy size" all refer to the same nominal GDP figure.

Gross Domestic Product (GDP) of State of Palestine

The table below shows nominal and PPP GDP, growth rate, and GDP per capita for State of Palestine for every year IMF has published data, from 1994 to 2024. Click any column header to sort, or search by year.

State of Palestine nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2024	$16,017,000,000	-22.9%	$2,853	2.37%
2023	$18,635,000,000	-1%	$3,398	2.39%
2022	$19,166,000,000	4.1%	$3,579	2.45%
2021	$18,109,000,000	7%	$3,464	2.47%
2020	$15,532,000,000	-11.3%	$3,045	2.49%
2019	$17,134,000,000	1.4%	$3,443	2.53%
2018	$16,277,000,000	1.2%	$3,353	2.56%
2017	$16,128,000,000	1.4%	$3,407	2.18%
2016	$15,405,000,000	8.9%	$3,326	2.25%
2015	$13,972,000,000	3.7%	$3,084	2.28%
2014	$13,990,000,000	-0.2%	$3,159	2.33%
2013	$13,515,000,000	4.7%	$3,123	2.41%
2012	$12,208,000,000	6.1%	$2,889	2.45%
2011	$11,186,000,000	9.6%	$2,712	2.54%
2010	$9,682,000,000	5.8%	$2,406	2.58%
2009	$8,086,000,000	8.6%	$2,062	2.64%
2008	$7,310,000,000	7.4%	$1,913	2.74%
2007	$5,816,000,000	3.8%	$1,564	2.96%
2006	$5,348,000,000	-1%	$1,481	2.96%
2005	$5,126,000,000	11.3%	$1,461	2.96%
2004	$4,603,000,000	21.9%	$1,351	2.78%
2003	$3,968,000,000	14%	$1,197	2.79%
2002	$3,556,000,000	-12.5%	$1,103	2.77%
2001	$4,004,000,000	-9.3%	$1,276	2.78%
2000	$4,314,000,000	-8.6%	$1,413	3.07%
1999	$4,271,000,000	8.3%	$1,442	3.13%
1998	$4,068,000,000	14.3%	$1,417	3.2%
1997	$3,760,000,000	14.7%	$1,351	5.78%
1996	$3,410,000,000	1.2%	$1,296	5.96%
1995	$3,283,000,000	7.1%	$1,322	7.16%
1994	$2,843,000,000	—	$1,227	6.09%

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Compare State of Palestine to Nearby-Ranked Economies

State of Palestine ranks #153 in the world by nominal GDP. See how it compares to the economies ranked just above and below it.

#152Equatorial Guinea GDP #154Togo GDP

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Frequently Asked Questions

What is the GDP of State of Palestine?

The nominal GDP of State of Palestine in 2024 is $16.02 billion, according to the IMF World Economic Outlook (April 2026). This ranks State of Palestine 153th in the world by nominal GDP.

What is the GDP growth rate of State of Palestine?

The GDP growth rate of State of Palestine in 2024 is -22.9%, per IMF estimates.

What is the GDP per capita of State of Palestine?

GDP per capita in State of Palestine in 2024 is $2,853, per IMF data.

Is the GDP of State of Palestine expected to grow?

IMF projection data is not available for State of Palestine in this dataset.

Sources: IMF, World Economic Outlook (April 2026).

Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.