The growth of the real gross domestic product in Palestine was forecast to drop to -5.41 percentage points in 2023. However these estimates have not yet been adjusted to account for the impact of the 2023 Israel-Hamas War. As described by the International Monetary Fund, this indicator describes the annual change in the gross domestic product at constant prices. This is expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.
West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023
(compared to the previous year)
Characteristic
GDP growth compared to previous year
2023
-5.41%
2022
4.08%
2021
7.01%
2020
-11.32%
2019
1.36%
2018
1.23%
2017
1.42%
2016
8.87%
2015
3.72%
2014
-0.16%
2013
4.7%
2012
6.1%
2011
9.6%
-15%-10%-5%0%5%10%15%20%25%30%
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IMF. (October 22, 2024). West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023 (compared to the previous year) [Graph]. In Statista. Retrieved April 02, 2025, from https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/
IMF. "West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed April 02, 2025. https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/
IMF. (2024). West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023 (compared to the previous year). Statista. Statista Inc.. Accessed: April 02, 2025. https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/
IMF. "West Bank & Gaza: Annual Growth Rate of Real Gross Domestic Product (Gdp) from 1995 to 2023 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/
IMF, West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023 (compared to the previous year) Statista, https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/ (last visited April 02, 2025)
West Bank & Gaza: annual growth rate of real gross domestic product (GDP) from 1995 to 2023 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1423541/gross-domestic-product-gdp-growth-rate-in-palestine/
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