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Economy of Palestine vs Tanzania compared: GDP & Debt

Updated on by Georank

Palestine has a GDP of $17.2B compared to $90.1B for Tanzania, ranking 141/197 and 83/197 by economy size, respectively.

Palestine vs Tanzania GDP by year

Palestine
Tanzania
1x
Year GDP, current $
Palestine Tanzania
2025 $17,167,100,000 $90,143,496,090
2024 $16,016,900,000 $79,235,713,445
2023 $18,635,100,000 $79,030,935,638
2022 $19,165,500,000 $75,749,121,847
2021 $18,109,000,000 $70,655,628,148
2020 $15,531,700,000 $66,068,737,786
2019 $17,133,500,000 $61,026,731,926
2018 $16,276,600,000 $57,003,712,892
2017 $16,128,000,000 $53,274,884,533
2016 $15,405,400,000 $49,774,409,374
2015 $13,972,400,000 $47,413,919,817
2014 $13,989,700,000 $49,986,726,461
2013 $13,515,500,000 $45,648,857,242
2012 $12,208,400,000 $39,650,394,363
2011 $11,186,100,000 $34,657,140,096
2010 $9,681,500,000 $32,012,892,919
2009 $8,085,700,000 $29,400,573,554
2008 $7,310,400,000 $27,947,821,398
2007 $5,815,700,000 $21,860,434,823
2006 $5,348,300,000 $18,619,859,795
2005 $5,125,700,000 $18,395,383,647
2004 $4,603,100,000 $16,673,062,473
2003 $3,968,000,000 $15,211,487,709
2002 $3,555,800,000 $14,129,651,896
2001 $4,003,700,000 $13,563,990,022
2000 $4,313,600,000 $13,371,767,082
1999 $4,271,200,000 $12,704,334,196
1998 $4,067,800,000 $12,172,790,056
1997 $3,759,800,000 $11,158,197,942
1996 $3,409,600,000 $9,433,528,150
1995 $3,282,800,000 $7,631,431,840
1994 $2,843,300,000 $6,550,480,484
1993 - $6,182,872,708
1992 - $6,681,997,469
1991 - $7,197,768,159
1990 - $6,184,384,225
1989 - $6,418,799,007
1988 - $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine/tanzania | CC BY

GDP per capita in Palestine vs Tanzania by year

Palestine
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palestine Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,171 - $1,278 -
2024 $3,028 $4,371 $1,156 $4,221
2023 $3,607 $5,950 $1,186 $4,019
2022 $3,800 $6,163 $1,171 $3,800
2021 $3,679 $5,663 $1,125 $3,493
2020 $3,234 $5,956 $1,084 $3,291
2019 $3,657 $6,508 $1,031 $2,982
2018 $3,562 $6,216 $992 $2,728
2017 $3,620 $6,107 $957 $2,472
2016 $3,528 $6,062 $925 $2,435
2015 $3,272 $5,770 $911 $2,317
2014 $3,352 $5,382 $993 $2,221
2013 $3,315 $5,288 $935 $2,176
2012 $3,067 $5,215 $837 $2,083
2011 $2,881 $4,495 $753 $2,211
2010 $2,557 $4,121 $715 $2,069
2009 $2,192 $3,950 $674 $1,972
2008 $2,035 $3,713 $657 $1,908
2007 $1,664 $3,486 $528 $1,820
2006 $1,570 $3,354 $462 $1,707
2005 $1,544 $3,372 $469 $1,598
2004 $1,422 $3,014 $438 $1,482
2003 $1,258 $2,469 $410 $1,379
2002 $1,156 $2,179 $391 $1,302
2001 $1,336 $2,515 $385 $1,229
2000 $1,476 $2,783 $390 $1,164
1999 $1,499 $3,052 $382 $1,120
1998 $1,465 $2,852 $375 $1,082
1997 $1,389 $2,530 $353 $1,059
1996 $1,317 $2,269 $305 $1,026
1995 $1,327 $2,302 $251.2 $981
1994 $1,202 $2,201 $222.5 $958
1993 - - $218.2 $959
1992 - - $243.4 $955
1991 - - $268.8 $952
1990 - - $236.9 $925
1989 - - $252.3 -
1988 - - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/palestine/tanzania | CC BY

Palestine's GDP per capita is $3,171, ranking 141/197, compared to $1,278 in Tanzania, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), Palestine ranks 164th at $4,371, while Tanzania ranks 165th at $4,221.

Economic indicators

Palestine Tanzania
Gross domestic product
$17.2B
2025
$90.1B
2025
GDP rank
141/197
2025
83/197
2025
GDP growth
4.34%
2024-2025
5.85%
2024-2025
GDP per capita
$3,171
2025
$1,278
2025
GDP per capita rank
141/197
2025
171/197
2025
GDP per capita, PPP
$4,371
2024
$4,221
2024
GDP per capita PPP rank
164/197
2024
165/197
2024
Government debt n/a
$44.8B
2025
Debt-to-GDP ratio n/a
49.7%
2025
Government debt per person n/a
$635
2025
Government debt per person rank n/a
159/185
2025
Average annual personal income after taxes
$1,385
2026
$1,203
2026
Market capitalization of domestic companies
$4.94B
2025
$9.78B
2025
Number of billionaires n/a
1
2026
Income share by richest 10%
27.1%
2023
33.1%
2018
Income share by poorest 10%
2.5%
2023
2.9%
2018
Government expenditure, % of GDP
20%
2026
19.9%
2025
Consumer prices inflation
9.81%
2024-2025
3.33%
2024-2025
Central bank interest rate n/a
5.75%
2025
Unemployment rate
28.7%
2025
2.43%
2024
Population
5563879
73639263

Inflation comparison by year

Inflation
Palestine

Tanzania
1x
Year Consumer prices inflation
Palestine Tanzania
2025 9.81% 3.33%
2024 53.7% 3.06%
2023 5.87% 3.8%
2022 3.74% 4.35%
2021 1.24% 3.69%
2020 -0.74% 3.29%
2019 1.58% 3.46%
2018 -0.2% 3.49%
2017 0.21% 5.32%
2016 -0.22% 5.17%
2015 1.43% 5.59%
2014 1.73% 6.13%
2013 1.72% 7.87%
2012 2.78% 16%
2011 2.88% 12.7%
2010 3.75% 6.2%
2009 2.75% 12.1%
2008 9.89% 10.3%
2007 1.86% 7.03%
2006 3.84% 7.25%
2005 4.11% 5.03%
2004 3% 4.74%
2003 4.4% 5.3%
2002 5.71% 5.32%
2001 1.22% 5.15%
2000 2.8% 5.92%
1999 5.54% 7.89%
1998 5.58% 12.8%
1997 7.09% 16.1%

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

GeoRank.org/economy/palestine/tanzania | CC BY

Over the past 29 years, Palestine has recorded an average annual inflation rate of 5.07%, compared with 6.84% in Tanzania. In 2025, inflation was 9.81% in Palestine and 3.33% in Tanzania.

Top exports between countries

Palestine
Export category Export value
Chemicals & pharma $59K
Tanzania
Export category Export value

Balance of trade

Palestine Tanzania
Current account balance
-$2.72B
2025
-$2.38B
2024
Current account balance ranking
150/190
2025
144/190
2024
Current account balance, % of GDP
-15.8%
2025
-3%
2024
Goods imports
$7.84B
2025
$14.2B
2024
Goods exports
$3.01B
2025
$9.12B
2024
Service imports
$1.38B
2025
$2.8B
2024
Service exports
$607M
2025
$6.85B
2024
Imports of goods and services, % of GDP
53.5%
2025
20%
2025
Exports of goods and services, % of GDP
21.2%
2025
19%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Palestine Tanzania
Economic freedom 30 59
Economic freedom ranking 192/197 106/197
Property rights n/a 45.2
Government integrity n/a 40.9
Judicial effectiveness n/a 29.6
Tax burden n/a 80.4
Government spending n/a 89.1
Fiscal health n/a 75
Business freedom n/a 48.1
Labor freedom n/a 62.3
Monetary freedom n/a 73.4
Trade freedom n/a 58.8
Investment freedom n/a 55
Financial freedom n/a 50

Other economic metrics

Palestine Tanzania
Services, % of GDP
60.2%
2024
28.8%
2025
Industry, % of GDP
16.3%
2024
29.8%
2025
Agriculture, forestry, and fishing, % of GDP
5.52%
2024
22.9%
2025
GNI, Atlas method
$17.6B
2025
$87B
2025
GNI per capita, PPP
$5,310
2025
$4,370
2025
Total reserves including gold
$1.83B
2025
$5.05B
2018
Total reserves ranking
129/177
2025
106/177
2018
Net foreign direct investment
-$315M
2025
-$1.72B
2024
Net inflows of foreign direct investment
$162M
2024
$1.72B
2024
Net outflows of foreign direct investment
$10.7M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.56%
2024
Poverty at national poverty lines
32.8%
2023
26.4%
2018
Gross capital formation, % of GDP
25.6%
2025
40.7%
2025

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/tanzania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)
  7. TradeMap (2024, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.