Palestine GDP Annual Growth Rate  2001-2018 | Data | Chart | Calendar

The Palestine economy advanced 2 percent year-on-year in the first quarter of 2018, easing from a 5.4 percent expansion in the previous period, as output fell further for private consumption (-4.2 percent from -2.5 percent in Q4 2017). On the other hand, output advanced faster for government spending (7.7 percent from 2.2 percent) and investment (2.3 percent from 1.2 percent). Meanwhile, net exports continued to contribute negatively to growth. On a quarterly basis, the GDP contracted 2.8 percent, following a 0.7 percent fall in the last quarter of 2017. GDP Annual Growth Rate in Palestine averaged 4.01 percent from 2001 until 2018, reaching an all time high of 26.03 percent in the third quarter of 2003 and a record low of -21.59 percent in the fourth quarter of 2006.

Palestine GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-28 09:25 AM GDP Growth Rate YoY 5% 1.1% 0.9%
2018-03-29 07:55 AM GDP Growth Rate YoY 5.4% 5% 5.40%
2018-06-27 06:55 AM GDP Growth Rate YoY 2% 5.4% 3.50%
2018-09-30 08:00 AM GDP Growth Rate YoY 2% 1.30%
2018-12-30 07:00 AM GDP Growth Rate YoY 0.40%


Palestine GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 2.00 5.40 26.03 -21.59 percent [+]
GDP 8.00 7.70 8.00 3.04 USD Billion [+]
GDP per capita 1997.30 1745.90 1997.30 879.52 USD [+]
Gross Fixed Capital Formation 624.30 654.50 654.50 365.60 USD million [+]
Gdp Constant Prices 2564.10 2643.40 2658.50 778.50 USD Million [+]
Gdp From Agriculture 102.10 107.90 124.90 46.80 USD Million [+]
Gdp From Construction 217.80 236.60 236.60 16.80 USD Million [+]
Gdp From Manufacturing 359.10 367.10 373.40 84.50 USD Million [+]
Gdp From Mining 14.10 15.70 15.70 1.00 USD Million [+]
Gdp From Public Administration 463.40 480.30 515.20 80.30 USD Million [+]
Gdp From Services 693.40 689.20 701.80 200.60 USD Million [+]
Gdp From Transport 61.10 61.80 72.70 18.00 USD Million [+]
Gdp From Utilities 37.10 35.50 52.60 10.00 USD Million [+]


Palestine GDP Annual Growth Rate

The Palestinian territories (West Bank and Gaza) have been occupied by Israel since the Six-Day war in 1967. As such, Palestinian economy is dependent on Israel as it controls the movement of goods and labour and retains customs revenues. As a result, production capacity and access to natural resources has been significantly reduced and services are by far the most important sector of the economy accounting for nearly 83 percent of GDP. Palestine remains heavily dependent on foreign aid to support the government’s budget and fund infrastructure development. This page provides the latest reported value for - Palestine GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 5.40 26.03 -21.59 2001 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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