Palestine GDP YoYPalestine GDP YoYPalestine GDP YoY

Palestine GDP YoY

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Key data points


Last release
Observation period
Q1 2025
Next release
Forecast
Highest
26.03% on Sep 30, 2003
Lowest
−35.00% on Mar 31, 2024

About Palestine GDP YoY


Category
GDP
Frequency
Quarterly
Units
%
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.