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Palestine economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Palestine ranked 141/197 by economy size with a GDP of $17.2B and 141/197 by GDP per capita at $3,171.

In 2025, Palestine made up 0.01% of the world's economy, compared to 0.01% in 1994.

Palestine GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $17,167,100,000 4.34%
2024 $16,016,900,000 -22.9%
2023 $18,635,100,000 -0.97%
2022 $19,165,500,000 4.08%
2021 $18,109,000,000 7.01%
2020 $15,531,700,000 -11.3%
2019 $17,133,500,000 1.36%
2018 $16,276,600,000 1.23%
2017 $16,128,000,000 1.42%
2016 $15,405,400,000 8.86%
2015 $13,972,400,000 3.72%
2014 $13,989,700,000 -0.16%
2013 $13,515,500,000 4.7%
2012 $12,208,400,000 6.1%
2011 $11,186,100,000 9.6%
2010 $9,681,500,000 5.78%
2009 $8,085,700,000 8.59%
2008 $7,310,400,000 7.43%
2007 $5,815,700,000 3.79%
2006 $5,348,300,000 -1%
2005 $5,125,700,000 11.3%
2004 $4,603,100,000 21.9%
2003 $3,968,000,000 14%
2002 $3,555,800,000 -12.5%
2001 $4,003,700,000 -9.31%
2000 $4,313,600,000 -8.56%
1999 $4,271,200,000 8.28%
1998 $4,067,800,000 14.3%
1997 $3,759,800,000 14.7%
1996 $3,409,600,000 1.21%
1995 $3,282,800,000 7.12%
1994 $2,843,300,000 -

Data sources: World Bank | Economy & Growth (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine | CC BY

Palestine GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $3,171 -
2024 $3,028 $4,371
2023 $3,607 $5,950
2022 $3,800 $6,163
2021 $3,679 $5,663
2020 $3,234 $5,956
2019 $3,657 $6,508
2018 $3,562 $6,216
2017 $3,620 $6,107
2016 $3,528 $6,062
2015 $3,272 $5,770
2014 $3,352 $5,382
2013 $3,315 $5,288
2012 $3,067 $5,215
2011 $2,881 $4,495
2010 $2,557 $4,121
2009 $2,192 $3,950
2008 $2,035 $3,713
2007 $1,664 $3,486
2006 $1,570 $3,354
2005 $1,544 $3,372
2004 $1,422 $3,014
2003 $1,258 $2,469
2002 $1,156 $2,179
2001 $1,336 $2,515
2000 $1,476 $2,783
1999 $1,499 $3,052
1998 $1,465 $2,852
1997 $1,389 $2,530
1996 $1,317 $2,269
1995 $1,327 $2,302
1994 $1,202 $2,201

Data sources: World Bank | Economy & Growth (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine | CC BY

Palestine has a GDP per capita of $3,171, ranking 141/197, a GDP per capita based on purchasing power parity (PPP) of $4,371, ranking 164/197, and a median annual after tax income of $1,385, ranking 185/197.

Palestine GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 133 129 -
2024 137 136 150
2023 128 132 148
2022 121 126 143
2021 121 130 145
2020 121 131 137
2019 119 126 131
2018 124 128 132
2017 120 126 135
2016 119 123 132
2015 125 128 132
2014 127 130 135
2013 129 132 133
2012 132 130 133
2011 135 133 135
2010 136 132 136
2009 141 130 136
2008 139 133 140
2007 140 134 141
2006 139 130 140
2005 137 126 137
2004 136 119 137
2003 135 118 145
2002 133 120 149
2001 127 115 143
2000 122 109 134
1999 121 107 124
1998 121 110 124
1997 126 110 127
1996 126 110 128
1995 125 107 126
1994 121 107 123

Data sources: World Bank | Economy & Growth (1994–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine | CC BY

Compared with 2000, in 2025 Palestine is ranked 133rd out of 179 by GDP (down from 122nd), 129th by GDP per capita (down from 109th), and 150th by GDP per capita PPP (down from 134th).

Economic indicators

Palestine Rank
Gross domestic product
$17.2B
2025
141/197
GDP growth
4.34%
2024-2025
66/194
GDP per capita
$3,171
2025
141/197
GDP per capita, PPP
$4,371
2024
164/197
Average annual personal income after taxes
$1,385
2026
185/197
Listed domestic companies
48
2025
70/103
Market capitalization of domestic companies
$4.94B
2025
79/100
Income share by richest 10%
27.1%
2023
90/169
Income share by poorest 10%
2.5%
2023
107/169
Government expenditure, % of GDP
20%
2026
156/195
Consumer prices inflation
9.81%
2024-2025
24/195
Unemployment rate
28.7%
2025
6/196
Population
5563879
123/197

Inflation rate by year

1x
Year Inflation
2025 9.81%
2024 53.7%
2023 5.87%
2022 3.74%
2021 1.24%
2020 -0.74%
2019 1.58%
2018 -0.2%
2017 0.21%
2016 -0.22%
2015 1.43%
2014 1.73%
2013 1.72%
2012 2.78%
2011 2.88%
2010 3.75%
2009 2.75%
2008 9.89%
2007 1.86%
2006 3.84%
2005 4.11%
2004 3%
2003 4.4%
2002 5.71%
2001 1.22%
2000 2.8%
1999 5.54%
1998 5.58%
1997 7.09%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine | CC BY

Over the past 20 years, Palestine has had an average annual inflation rate of 5.38%. In 2025, inflation was 9.81%. The bar chart above shows consumer price inflation by year.

Balance of trade

Palestine Rank
Current account balance
-$2.72B
2025
150/190
Current account balance, % of GDP
-15.8%
2025
173/190
Goods imports
$7.84B
2025
118/189
Goods exports
$3.01B
2025
134/189
Service imports
$1.38B
2025
137/189
Service exports
$607M
2025
142/189
Imports of goods and services, % of GDP
53.5%
2025
67/182
Exports of goods and services, % of GDP
21.2%
2025
144/193

Palestine top 10 trading partners

Palestine's biggest trading partner accounting for 62% of all exports and imports is Israel, with a trade balance between the two of -$2.18B: Palestine exports $1.47B worth of goods and services to Israel and imports $3.65B.

Below is the list of the top 10 trade partners of Palestine.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 Israel $5.11B 62% $1.47B $3.65B Textiles & consumer goods Raw materials & minerals
2 China $569M 6.9% $16K $569M Chemicals & pharma Machinery & equipment
3 Turkey $426M 5.16% $23.7M $402M Raw agricultural goods Metals
4 Jordan $404M 4.9% $69.3M $335M Metals Raw materials & minerals
5 Germany $173M 2.09% $8.33M $164M Raw agricultural goods Machinery & equipment
6 Egypt $131M 1.59% $129K $131M Metals Processed food, beverages & tobacco
7 Switzerland $117M 1.41% $839K $116M Processed food, beverages & tobacco Processed food, beverages & tobacco
8 Italy $110M 1.34% $2.33M $108M Raw agricultural goods Processed food, beverages & tobacco
9 UAE $96.3M 1.17% $40.5M $55.8M Raw agricultural goods Processed food, beverages & tobacco
10 United States $95.8M 1.16% $19.6M $76.2M Processed food, beverages & tobacco Machinery & equipment

Top 10 exports

Palestine Rank
Textiles & consumer goods $328M 95/193
Metals $288M 106/192
Chemicals & pharma $273M 97/193
Processed food, beverages & tobacco $245M 117/192
Raw materials & minerals $216M 138/193
Manufacturing & construction services $206M 67/166
Raw agricultural goods $161M 112/193
Transport & tourism services $153M 156/191
Wood & paper products $95.7M 98/192
IT & IP services $91M 115/185

Top 10 imports

Palestine Rank
Raw materials & minerals $1.71B 125/193
Processed food, beverages & tobacco $1.24B 94/193
Machinery & equipment $888M 148/193
Transport & tourism services $811M 136/191
Chemicals & pharma $727M 123/193
Raw agricultural goods $509M 111/193
Metals $412M 130/193
Animal & marine products $396M 96/193
Textiles & consumer goods $365M 133/193
Business & finance services $332M 132/189

Economic freedom indices

Palestine Rank
Economic freedom 30 192/197

Other economic metrics

Palestine Rank
Services, % of GDP
60.2%
2024
71/191
Industry, % of GDP
16.3%
2024
157/194
Agriculture, forestry, and fishing, % of GDP
5.52%
2024
105/193
GNI, Atlas method
$17.6B
2025
137/194
GNI per capita, PPP
$5,310
2025
154/191
Total reserves including gold
$1.83B
2025
129/177
Net foreign direct investment
-$315M
2025
90/189
Net inflows of foreign direct investment
$162M
2024
140/193
Net outflows of foreign direct investment
$10.7M
2024
116/193
Poverty at national poverty lines
32.8%
2023
55/176
Gross capital formation, % of GDP
25.6%
2025
66/179

Compare Palestine vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. TradeMap (2024, retrieved 2026-07-08)
  4. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  5. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.