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Economy of Palestine vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Palestine has a GDP of $13.7B compared to $115B for Uzbekistan, ranking 146/197 and 66/197 by economy size, respectively.

Palestine vs Uzbekistan GDP by year

Palestine
Uzbekistan
1x
Year GDP, current $
Palestine Uzbekistan
2024 $13,711,100,000 $114,965,293,467
2023 $17,847,900,000 $102,641,879,249
2022 $19,165,500,000 $90,095,926,567
2021 $18,109,000,000 $77,340,060,003
2020 $15,531,700,000 $66,443,265,418
2019 $17,133,500,000 $67,293,639,798
2018 $16,276,600,000 $58,695,899,092
2017 $16,128,000,000 $69,703,222,283
2016 $15,405,400,000 $86,138,288,644
2015 $13,972,400,000 $86,196,264,755
2014 $13,989,700,000 $80,845,385,809
2013 $13,515,500,000 $73,180,037,915
2012 $12,208,400,000 $67,517,349,212
2011 $11,186,100,000 $60,178,909,297
2010 $9,681,500,000 $49,765,676,402
2009 $8,085,700,000 $33,689,223,673
2008 $7,310,400,000 $29,549,438,884
2007 $5,815,700,000 $22,311,393,928
2006 $5,348,300,000 $17,330,833,853
2005 $5,125,700,000 $14,307,509,839
2004 $4,603,100,000 $12,030,023,548
2003 $3,968,000,000 $10,134,453,435
2002 $3,555,800,000 $9,687,788,513
2001 $4,003,700,000 $11,401,421,329
2000 $4,313,600,000 $13,760,513,969
1999 $4,271,200,000 $17,078,465,982
1998 $4,067,800,000 $14,988,971,211
1997 $3,759,800,000 $14,744,603,774
1996 $3,409,600,000 $13,948,892,216
1995 $3,282,800,000 $13,350,461,265
1994 $2,843,300,000 $12,899,074,922
1993 - $13,099,920,056
1992 - $12,953,801,760
1991 - $13,800,167,712
1990 - $13,362,340,338
1989 - $11,948,815,258
1988 - $10,722,799,639
1987 - $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Palestine vs Uzbekistan by year

Palestine
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palestine Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,592 $4,371 $3,162 $11,879
2023 $3,455 $5,950 $2,879 $11,107
2022 $3,800 $6,163 $2,579 $10,293
2021 $3,679 $5,663 $2,259 $9,248
2020 $3,234 $5,956 $1,978 $8,452
2019 $3,657 $6,508 $2,041 $8,544
2018 $3,562 $6,216 $1,813 $8,129
2017 $3,620 $6,107 $2,191 $7,818
2016 $3,528 $6,062 $2,753 $6,919
2015 $3,272 $5,770 $2,803 $6,800
2014 $3,352 $5,382 $2,675 $6,610
2013 $3,315 $5,288 $2,462 $6,413
2012 $3,067 $5,215 $2,307 $6,168
2011 $2,881 $4,495 $2,088 $5,949
2010 $2,557 $4,121 $1,753 $5,505
2009 $2,192 $3,950 $1,206 $5,135
2008 $2,035 $3,713 $1,075 $4,800
2007 $1,664 $3,486 $824 $4,386
2006 $1,570 $3,354 $649 $3,956
2005 $1,544 $3,372 $543 $3,618
2004 $1,422 $3,014 $462 $3,321
2003 $1,258 $2,469 $394 $3,047
2002 $1,156 $2,179 $381 $2,902
2001 $1,336 $2,515 $454 $2,782
2000 $1,476 $2,783 $555 $2,644
1999 $1,499 $3,052 $698 $2,522
1998 $1,465 $2,852 $621 $2,418
1997 $1,389 $2,530 $621 $2,329
1996 $1,317 $2,269 $597 $2,214
1995 $1,327 $2,302 $583 $2,178
1994 $1,202 $2,201 $574 $2,197
1993 - - $596 $2,318
1992 - - $603 $2,371
1991 - - $658 $2,676
1990 - - $653 $2,665
1989 - - $598 -
1988 - - $551 -
1987 - - $450 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Palestine's GDP per capita is $2,592, ranking 147/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Palestine ranks 164th at $4,371, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Palestine Uzbekistan
Gross domestic product
$13.7B
2024
$115B
2024
GDP rank
146/197
2024
66/197
2024
GDP growth
-26.6%
2023-2024
6.5%
2023-2024
GDP per capita
$2,592
2024
$3,162
2024
GDP per capita rank
147/197
2024
139/197
2024
GDP per capita, PPP
$4,371
2024
$11,879
2024
GDP per capita PPP rank
164/197
2024
125/197
2024
Government debt n/a
$37.5B
2024
Debt-to-GDP ratio n/a
32.7%
2024
Government debt per person n/a
$1,032
2024
Government debt per person rank n/a
141/185
2024
Average annual personal income after taxes
$6,862
2026
$3,658
2026
Market capitalization of domestic companies
$4.08B
2024
$18.8B
2024
Income share by richest 10%
27.1%
2023
25.7%
2024
Income share by poorest 10%
2.5%
2023
2.3%
2024
Government expenditure, % of GDP
20%
2025
27.6%
2024
Consumer prices inflation
53.7%
2023-2024
9.6%
2023-2024
Central bank interest rate n/a
14%
2025
Unemployment rate
31.4%
2024
5.29%
2020
Population
5500288
37939105

Inflation comparison by year

Inflation
Palestine

Uzbekistan
1x
Year Consumer prices inflation
Palestine Uzbekistan
2024 53.7% 9.6%
2023 5.87% 10%
2022 3.74% 11.4%
2021 1.24% 10.8%
2020 -0.74% 12.9%
2019 1.58% 14.5%
2018 -0.2% 17.5%
2017 0.21% 13.9%
2016 -0.22% 8.8%
2015 1.43% 8.5%
2014 1.73% 9.1%
2013 1.72% 11.7%
2012 2.78% 11.9%
2011 2.88% 12.4%
2010 3.75% 12.3%
2009 2.75% 12.3%
2008 9.89% 13.1%
2007 1.86% 11.2%
2006 3.84% 13.1%
2005 4.11% 10.7%
2004 3% 7.3%
2003 4.4% 12.5%
2002 5.71% 27.3%
2001 1.22% 27.3%
2000 2.8% 25%
1999 5.54% 29.1%
1998 5.58% 29%
1997 7.09% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Palestine has recorded an average annual inflation rate of 4.9%, compared with 16.6% in Uzbekistan. In 2024, inflation was 53.7% in Palestine and 9.6% in Uzbekistan.

Top exports between countries

Palestine
Export category Export value
Raw agricultural goods $160K
Uzbekistan
Export category Export value
Processed food, beverages & tobacco $876K
Raw agricultural goods $40K
Raw materials & minerals $1K

Balance of trade

Palestine Uzbekistan
Current account balance
-$2.9B
2024
-$5.71B
2024
Current account balance ranking
155/190
2024
169/190
2024
Current account balance, % of GDP
-21.1%
2024
-4.97%
2024
Goods imports
$6.87B
2024
$33.2B
2024
Goods exports
$2.37B
2024
$19.6B
2024
Service imports
$1.39B
2024
$10.5B
2024
Service exports
$514M
2024
$6.55B
2024
Imports of goods and services, % of GDP
60.3%
2024
38%
2024
Exports of goods and services, % of GDP
21%
2024
22.8%
2024

Economic freedom indices

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

Palestine Uzbekistan
Economic freedom 30 60.3
Economic freedom ranking 192/197 94/197
Property rights n/a 43.1
Government integrity n/a 32
Judicial effectiveness n/a 13.7
Tax burden n/a 95
Government spending n/a 73.7
Fiscal health n/a 79.9
Business freedom n/a 62.5
Labor freedom n/a 48.4
Monetary freedom n/a 65.1
Trade freedom n/a 80.6
Investment freedom n/a 70
Financial freedom n/a 60

Other economic metrics

Palestine Uzbekistan
Services, % of GDP
58.5%
2023
45.2%
2024
Industry, % of GDP
15.6%
2023
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
5.7%
2023
18.3%
2024
GNI, Atlas method
$14.3B
2024
$110B
2024
GNI per capita, PPP
$4,660
2024
$12,000
2024
Total reserves including gold
$1.33B
2024
$41.2B
2024
Total reserves ranking
138/177
2024
50/177
2024
Net foreign direct investment
-$151M
2024
-$2.81B
2024
Net inflows of foreign direct investment
$162M
2024
$2.99B
2024
Net outflows of foreign direct investment
$10.7M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.88%
2024
Poverty at national poverty lines
29.2%
2016
8.9%
2024
Gross capital formation, % of GDP
23.5%
2024
33.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.