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

The Palestine economy grew 5.4 percent year-on-year in the last quarter of 2017, following a 5 percent expansion in the preceding quarter, preliminary estimates showed. It was the strongest growth since the first quarter of 2016, mainly due to a recovery in government spending (2.2 percent from -3.4 percent in Q3). On the other hand, investment slowed (1.2 percent from 11.8 percent in Q3), while private consumption fell (-2.5 percent from 0.9 percent in Q3) and net exports contributed negatively to growth. On a quarterly basis, the GDP contracted 0.7 percent, compared to a 3.1 percent expansion in the previous quarter. Considering full 2017, the GDP increased 3.1 percent, compared to 4.1 percent in 2016. GDP Annual Growth Rate in Palestine averaged 4.04 percent from 2001 until 2017, 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
2017-09-28 06:20 AM GDP Growth Rate YoY 1.1% 0.7% 1.6%
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 07:00 AM GDP Growth Rate YoY 5.4% 3.50%
2018-09-30 06:20 AM GDP Growth Rate YoY 4.10%
2018-12-30 07:00 AM GDP Growth Rate YoY 3.90%


Palestine GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.40 5.00 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 654.50 629.40 654.50 365.60 USD million [+]
Gdp Constant Prices 2643.40 2658.50 2658.50 778.50 USD Million [+]
Gdp From Agriculture 107.90 95.00 124.90 46.80 USD Million [+]
Gdp From Construction 236.60 229.90 236.60 16.80 USD Million [+]
Gdp From Manufacturing 367.10 373.40 373.40 84.50 USD Million [+]
Gdp From Mining 15.70 14.30 15.70 1.00 USD Million [+]
Gdp From Public Administration 480.30 490.80 515.20 80.30 USD Million [+]
Gdp From Services 689.20 695.10 701.80 200.60 USD Million [+]
Gdp From Transport 61.80 67.00 72.70 18.00 USD Million [+]
Gdp From Utilities 35.50 40.70 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 (nearly 83 percent of GDP). Palestine remains heavily dependent on foreign aid to support the government’s budget and fund infrastructure development. Nonetheless, in recent months, Palestinian National Authority's efforts to ease tensions with Israel have resulted in growth returning to Palestine. Yet, the growth cannot be sustainable without addressing security problems and high unemployment rate among young people. 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.00 26.03 -21.59 2001 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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