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Indicators of economy in Palestine

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Palestine, on the other hand, reached USD 3,664 per capita, or 18.04 billion USD for the whole country. Palestine is one of the smaller economies and is currently ranked 122. If this is calculated per inhabitant, taking purchasing power parity into account, then Palestine ranks 135th in the list of the richest countries.

Inflation in Palestine in 2021 was around 1.24%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0 percent lower.
The index for perceived corruption in the public sector is 26, which is rather poor by global standards.


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Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Palestine 2020. Overall, gross domestic product in 2020 fell from 17.13 billion US dollars to 15.53 billion US dollars. With a drop of 9.3 percent, the economy in Palestine suffered more significant losses than other countries. The unemployment rate rose from 25.3 to 25.9 percent. The inflation rate fell from 1.6 percent previously to -0.7 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Palestine
Total
Palestine
per capita
EU
Total
EU
per capita
GDP18.04 bn USD3,663.97 USD17.177 tn USD33,384.92 USD
Gross national product20.77 bn USD4,219.21 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1994 - 2021



Imports and Exports 2021

 Palestine
Total
Palestine
per capita
EU
Total
EU
per capita
Imports9.15 bn USD1,859.35 USD8.916 tn USD17,329.02 USD
Exports2.65 bn USD538.81 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1995 - 2021

Exports
Imports



Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Infected and deaths by the corona virus (COVID 19)Spread of the Corona virus Covid19 (SARS-CoV-2)Worldwide development of the number of cases and deaths due to the corona virus.
Netherlands: Public HolidaysPublic holidays in the Netherlands 2023-2027Statutory and inofficial holidays in the Netherlands for 2023 to 2027