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Economy of Palestine vs Zambia compared: GDP & Debt

Updated on by Georank

Palestine has a GDP of $17.2B compared to $28.9B for Zambia, ranking 141/197 and 116/197 by economy size, respectively.

Palestine vs Zambia GDP by year

Palestine
Zambia
1x
Year GDP, current $
Palestine Zambia
2025 $17,167,100,000 $28,879,806,220
2024 $16,016,900,000 $25,303,185,342
2023 $18,635,100,000 $27,577,956,471
2022 $19,165,500,000 $29,163,782,140
2021 $18,109,000,000 $22,096,416,932
2020 $15,531,700,000 $18,137,764,931
2019 $17,133,500,000 $23,308,667,781
2018 $16,276,600,000 $26,311,507,274
2017 $16,128,000,000 $25,873,601,261
2016 $15,405,400,000 $20,958,412,538
2015 $13,972,400,000 $21,251,216,799
2014 $13,989,700,000 $27,141,023,558
2013 $13,515,500,000 $28,037,239,463
2012 $12,208,400,000 $25,503,060,420
2011 $11,186,100,000 $23,459,515,276
2010 $9,681,500,000 $20,265,559,484
2009 $8,085,700,000 $15,328,342,304
2008 $7,310,400,000 $17,910,858,638
2007 $5,815,700,000 $14,056,957,976
2006 $5,348,300,000 $12,756,858,899
2005 $5,125,700,000 $8,331,870,169
2004 $4,603,100,000 $6,221,110,219
2003 $3,968,000,000 $4,901,869,764
2002 $3,555,800,000 $4,193,850,445
2001 $4,003,700,000 $4,094,441,301
2000 $4,313,600,000 $3,600,632,111
1999 $4,271,200,000 $3,404,284,891
1998 $4,067,800,000 $3,537,741,942
1997 $3,759,800,000 $4,303,288,480
1996 $3,409,600,000 $3,597,220,962
1995 $3,282,800,000 $3,806,983,413
1994 $2,843,300,000 $3,656,806,166
1993 - $3,273,505,344
1992 - $3,182,810,841
1991 - $3,376,806,697
1990 - $3,288,381,797
1989 - $3,994,673,161
1988 - $3,728,878,149
1987 - $2,265,250,972
1986 - $1,664,413,508
1985 - $2,252,454,500
1984 - $2,719,518,933
1983 - $3,321,048,451
1982 - $3,871,117,093
1981 - $4,008,126,497
1980 - $3,884,530,854
1979 - $3,353,445,378
1978 - $2,811,032,473
1977 - $2,515,296,940
1976 - $2,742,859,263
1975 - $2,442,672,141
1974 - $2,910,981,262
1973 - $2,434,255,237
1972 - $1,872,416,680
1971 - $1,653,259,341
1970 - $1,788,779,285
1969 - $1,926,399,230
1968 - $1,573,739,371
1967 - $1,340,639,464
1966 - $1,238,999,505
1965 - $1,061,199,576
1964 - $822,639,671
1963 - $704,339,719
1962 - $679,279,729
1961 - $682,359,727
1960 - $698,739,721

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

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

GDP per capita in Palestine vs Zambia by year

Palestine
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palestine Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,171 - $1,318 -
2024 $3,028 $4,371 $1,187 $4,215
2023 $3,607 $5,950 $1,331 $4,077
2022 $3,800 $6,163 $1,447 $3,841
2021 $3,679 $5,663 $1,127 $3,503
2020 $3,234 $5,956 $952 $3,157
2019 $3,657 $6,508 $1,259 $3,361
2018 $3,562 $6,216 $1,464 $3,442
2017 $3,620 $6,107 $1,483 $3,392
2016 $3,528 $6,062 $1,239 $3,313
2015 $3,272 $5,770 $1,296 $3,337
2014 $3,352 $5,382 $1,707 $3,441
2013 $3,315 $5,288 $1,821 $3,477
2012 $3,067 $5,215 $1,710 $3,324
2011 $2,881 $4,495 $1,625 $3,228
2010 $2,557 $4,121 $1,451 $3,098
2009 $2,192 $3,950 $1,136 $2,872
2008 $2,035 $3,713 $1,376 $2,708
2007 $1,664 $3,486 $1,119 $2,555
2006 $1,570 $3,354 $1,052 $2,378
2005 $1,544 $3,372 $711 $2,213
2004 $1,422 $3,014 $549 $2,068
2003 $1,258 $2,469 $446 $1,942
2002 $1,156 $2,179 $394 $1,837
2001 $1,336 $2,515 $397 $1,785
2000 $1,476 $2,783 $359 $1,709
1999 $1,499 $3,052 $350 $1,654
1998 $1,465 $2,852 $373 $1,601
1997 $1,389 $2,530 $466 $1,631
1996 $1,317 $2,269 $400 $1,585
1995 $1,327 $2,302 $433 $1,501
1994 $1,202 $2,201 $426 $1,464
1993 - - $391 $1,607
1992 - - $389 $1,505
1991 - - $423 $1,534
1990 - - $422 $1,522
1989 - - $526 -
1988 - - $504 -
1987 - - $315 -
1986 - - $238.2 -
1985 - - $332 -
1984 - - $413 -
1983 - - $520 -
1982 - - $627 -
1981 - - $670 -
1980 - - $669 -
1979 - - $595 -
1978 - - $514 -
1977 - - $474 -
1976 - - $533 -
1975 - - $490 -
1974 - - $601 -
1973 - - $518 -
1972 - - $410 -
1971 - - $372 -
1970 - - $414 -
1969 - - $459 -
1968 - - $387 -
1967 - - $341 -
1966 - - $325 -
1965 - - $287.4 -
1964 - - $230 -
1963 - - $203.2 -
1962 - - $202.3 -
1961 - - $209.7 -
1960 - - $221.6 -

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

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

Palestine's GDP per capita is $3,171, ranking 141/197, compared to $1,318 in Zambia, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Palestine ranks 164th at $4,371, while Zambia ranks 166th at $4,215.

Economic indicators

Palestine Zambia
Gross domestic product
$17.2B
2025
$28.9B
2025
GDP rank
141/197
2025
116/197
2025
GDP growth
4.34%
2024-2025
3.76%
2024-2025
GDP per capita
$3,171
2025
$1,318
2025
GDP per capita rank
141/197
2025
170/197
2025
GDP per capita, PPP
$4,371
2024
$4,215
2024
GDP per capita PPP rank
164/197
2024
166/197
2024
Government debt n/a
$24.8B
2025
Debt-to-GDP ratio n/a
86%
2025
Government debt per person n/a
$1,133
2025
Government debt per person rank n/a
140/185
2025
Average annual personal income after taxes
$1,385
2026
$1,538
2026
Market capitalization of domestic companies
$4.94B
2025
$14.9B
2025
Income share by richest 10%
27.1%
2023
39.1%
2022
Income share by poorest 10%
2.5%
2023
1.5%
2022
Government expenditure, % of GDP
20%
2026
29.7%
2025
Consumer prices inflation
9.81%
2024-2025
13.9%
2024-2025
Central bank interest rate n/a
13.3%
2026
Unemployment rate
28.7%
2025
5.67%
2024
Population
5563879
22844606

Inflation comparison by year

Inflation
Palestine

Zambia
1x
Year Consumer prices inflation
Palestine Zambia
2025 9.81% 13.9%
2024 53.7% 15%
2023 5.87% 10.9%
2022 3.74% 11%
2021 1.24% 22%
2020 -0.74% 15.7%
2019 1.58% 9.2%
2018 -0.2% 7.5%
2017 0.21% 6.6%
2016 -0.22% 17.9%
2015 1.43% 10.1%
2014 1.73% 7.8%
2013 1.72% 7%
2012 2.78% 6.6%
2011 2.88% 8.7%
2010 3.75% 8.5%
2009 2.75% 13.4%
2008 9.89% 12.4%
2007 1.86% 10.7%
2006 3.84% 9%
2005 4.11% 18.3%
2004 3% 18%
2003 4.4% 21.4%
2002 5.71% 22.2%
2001 1.22% 21.4%
2000 2.8% 24.1%
1999 5.54% 23.9%
1998 5.58% 22.7%
1997 7.09% 21.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Palestine has recorded an average annual inflation rate of 5.07%, compared with 14.4% in Zambia. In 2025, inflation was 9.81% in Palestine and 13.9% in Zambia.

Balance of trade

Palestine Zambia
Current account balance
-$2.72B
2025
-$1.12B
2024
Current account balance ranking
150/190
2025
121/190
2024
Current account balance, % of GDP
-15.8%
2025
-4.41%
2024
Goods imports
$7.84B
2025
$10.1B
2024
Goods exports
$3.01B
2025
$11.4B
2024
Service imports
$1.38B
2025
$1.99B
2024
Service exports
$607M
2025
$1.38B
2024
Imports of goods and services, % of GDP
53.5%
2025
27.6%
2024
Exports of goods and services, % of GDP
21.2%
2025
35%
2024

Economic freedom indices

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

Palestine Zambia
Economic freedom 30 51.9
Economic freedom ranking 192/197 152/197
Property rights n/a 43.9
Government integrity n/a 39.3
Judicial effectiveness n/a 45
Tax burden n/a 74.3
Government spending n/a 78.1
Fiscal health n/a 30.9
Business freedom n/a 53.4
Labor freedom n/a 48.8
Monetary freedom n/a 66.6
Trade freedom n/a 62.8
Investment freedom n/a 40
Financial freedom n/a 40

Other economic metrics

Palestine Zambia
Services, % of GDP
60.2%
2024
57%
2025
Industry, % of GDP
16.3%
2024
35.3%
2025
Agriculture, forestry, and fishing, % of GDP
5.52%
2024
4.11%
2025
GNI, Atlas method
$17.6B
2025
$26.2B
2025
GNI per capita, PPP
$5,310
2025
$3,990
2025
Total reserves including gold
$1.83B
2025
$4.09B
2024
Total reserves ranking
129/177
2025
111/177
2024
Net foreign direct investment
-$315M
2025
-$2.05B
2024
Net inflows of foreign direct investment
$162M
2024
$2.36B
2024
Net outflows of foreign direct investment
$10.7M
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
32.8%
2023
60%
2022
Gross capital formation, % of GDP
25.6%
2025
23.8%
2024

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/zambia | 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. International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. 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.

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.