Services, value added in Palestine
Palestine: Services, value added was 9.64 billion current LCU in 2024. ◆ Volatile
Services, value added in Palestine, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Palestine stood at 9.64 billion current LCU.
The figure is down 12.0% on the previous year and up 12.2% over ten years.
Over the whole period, services, value added in Palestine peaked at 11.18 billion current LCU in 2022 and was at its lowest, 1.52 billion current LCU, in 1994.
That places Palestine 172nd out of 205 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 | 1.92 billion current LCU | 1.52 billion current LCU | 2.28 billion current LCU | 6 |
| 2000s | 3.09 billion current LCU | 2.36 billion current LCU | 4.68 billion current LCU | 10 |
| 2010s | 8.42 billion current LCU | 5.59 billion current LCU | 10.47 billion current LCU | 10 |
| 2020s | 10.41 billion current LCU | 9.40 billion current LCU | 11.18 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 services, value added in Palestine?
- Services, value added in Palestine was 9.64 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Palestine?
- The highest recorded value was 11.18 billion current LCU in 2022.
- What is the lowest services, value added recorded in Palestine?
- The lowest recorded value was 1.52 billion current LCU in 1994.
- How does Palestine rank for services, value added?
- Palestine ranks 172nd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Palestine?
- Over the last ten years it is up 12.2%. 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 Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.