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World Factbook

Palestine

Last updated: 2026-03-28 (today)

Budget

see entry for the West Bank

Exports

note

note: balance of payments - exports of goods and services in current dollars; entry includes West Bank and Gaza Strip

Exports 2022

$3.533 billion (2022 est.)

Exports 2023

$3.413 billion (2023 est.)

Exports 2024

$2.885 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars; entry includes West Bank and Gaza Strip

Imports 2022

$12.257 billion (2022 est.)

Imports 2023

$11.637 billion (2023 est.)

Imports 2024

$8.264 billion (2024 est.)

Industries

textiles, food processing, furniture

Labor force

1.391 million (2022 est.)

note: number of people ages 15 or older who are employed or seeking work; entry includes West Bank and Gaza Strip

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities; entry includes West Bank and Gaza Strip

Remittances 2022

24% of GDP (2022 est.)

Remittances 2023

18.2% of GDP (2023 est.)

Remittances 2024

5.4% of GDP (2024 est.)

Exchange rates

see entry for the West Bank

Unemployment rate

note

note: % of labor force seeking employment; entry includes West Bank and Gaza Strip

Unemployment rate 2020

25.9% (2020 est.)

Unemployment rate 2021

26.4% (2021 est.)

Unemployment rate 2022

24.5% (2022 est.)

Exports - partners

Jordan 51%, Turkey 12%, UAE 8%, Saudi Arabia 5%, UK 4% (2023)

note: top five export partners based on percentage share of exports; entry includes the West Bank and the Gaza Strip

Imports - partners

Egypt 25%, Jordan 17%, China 8%, Germany 7%, UAE 7% (2023)

note: top five import partners based on percentage share of imports; entry includes the West Bank and the Gaza Strip

Real GDP per capita

note

note: data in 2021 dollars; entry includes West Bank and Gaza Strip

Real GDP per capita 2022

$5,800 (2022 est.)

Real GDP per capita 2023

$5,400 (2023 est.)

Real GDP per capita 2024

$3,800 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency; entry includes West Bank and Gaza Strip

Real GDP growth rate 2022

4.1% (2022 est.)

Real GDP growth rate 2023

-4.6% (2023 est.)

Real GDP growth rate 2024

-26.6% (2024 est.)

Agricultural products

tomatoes, milk, cucumbers/gherkins, olives, potatoes, sheep milk, eggplants, pumpkins/squash, grapes, goat milk (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

scrap iron, tropical fruits, olive oil, building stone, prepared meat (2023)

note: top five export commodities based on value in dollars; entry includes the West Bank and the Gaza Strip

Imports - commodities

cement, raw sugar, cars, baked goods, perfumes (2023)

note: top five import commodities based on value in dollars; entry includes the West Bank and the Gaza Strip

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars; entry includes West Bank and Gaza Strip

Current account balance 2022

-$2.037 billion (2022 est.)

Current account balance 2023

-$2.895 billion (2023 est.)

Current account balance 2024

-$2.899 billion (2024 est.)

Taxes and other revenues

21.5% (of GDP) (2021 est.)

note: central government tax revenue as a % of GDP; entry includes West Bank and Gaza Strip

GDP (official exchange rate)

$13.711 billion (2024 est.)

note: data in current dollars at official exchange rate; entry includes West Bank and Gaza Strip

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

95.5% (2024 est.)

government consumption

20.7% (2024 est.)

investment in inventories

1.7% (2024 est.)

investment in fixed capital

21.8% (2024 est.)

exports of goods and services

21% (2024 est.)

imports of goods and services

-60.3% (2024 est.)

Population below poverty line

29.2% (2016 est.)

note: % of population with income below national poverty line; entry includes West Bank and Gaza Strip

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices; entry includes West Bank and Gaza Strip

Inflation rate (consumer prices) 2022

3.7% (2022 est.)

Inflation rate (consumer prices) 2023

5.9% (2023 est.)

Inflation rate (consumer prices) 2024

53.7% (2024 est.)

Industrial production growth rate

-32.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency; entry includes West Bank and Gaza Strip

Real GDP (purchasing power parity)

note

note: data in 2021 dollars; entry includes West Bank and Gaza Strip

Real GDP (purchasing power parity) 2022

$29.016 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$27.694 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$20.339 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

31.6% (2022 est.)

note

note: % of labor force ages 15-24 seeking employment

total

36.1% (2022 est.)

female

56.6% (2022 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars; entry includes West Bank and Gaza Strip

Reserves of foreign exchange and gold 2022

$896.9 million (2022 est.)

Reserves of foreign exchange and gold 2023

$1.323 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$1.328 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

17.4% (2022 est.)

services

58.3% (2022 est.)

agriculture

5.7% (2022 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population; entry includes West Bank and Gaza Strip

lowest 10%

2.5% (2023 est.)

highest 10%

27.1% (2023 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality; entry includes West Bank and Gaza Strip

Gini Index coefficient - distribution of family income 2023

36.4 (2023 est.)