Gross value added at basic prices (GVA) in Palestine
Palestine: Gross value added at basic prices (GVA) was 13.13 billion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Palestine, 1994–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Palestine stood at 13.13 billion current LCU.
Compared with earlier readings it is down 12.3% on the previous year and up 7.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palestine peaked at 15.61 billion current LCU in 2022 and was at its lowest, 2.82 billion current LCU, in 1994.
That places Palestine 173rd out of 206 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.23 billion current LCU | 2.82 billion current LCU | 3.67 billion current LCU | 6 |
| 2000s | 4.56 billion current LCU | 3.26 billion current LCU | 6.91 billion current LCU | 10 |
| 2010s | 12.06 billion current LCU | 8.26 billion current LCU | 14.84 billion current LCU | 10 |
| 2020s | 14.42 billion current LCU | 13.13 billion current LCU | 15.61 billion current LCU | 5 |
Countries ranked near Palestine
More economy & growth data for Palestine
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.79 billion current US$ (2025)
- Taxes less subsidies on products 2.89 billion current LCU (2024)
- Taxes less subsidies on products 2.89 billion current US$ (2024)
- Net primary income (Net income from abroad) 1.08 billion current LCU (2025)
- Net primary income (Net income from abroad) 1.08 billion current US$ (2025)
- GNI per capita 3,370 current LCU (2025)
- GNI per capita, Atlas method 3,250 current US$ (2025)
- GNI 18.25 billion current LCU (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Palestine?
- Gross value added at basic prices (gva) in Palestine was 13.13 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Palestine?
- The highest recorded value was 15.61 billion current LCU in 2022.
- What is the lowest gross value added at basic prices (gva) recorded in Palestine?
- The lowest recorded value was 2.82 billion current LCU in 1994.
- How does Palestine rank for gross value added at basic prices (gva)?
- Palestine ranks 173rd out of 206 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Palestine?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is volatile.
- Where does this Palestine data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.