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World Factbook

West Bank

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenditures (excluding grants and social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$1.409 billion (2021 est.)

expenditures

$1.499 billion (2021 est.)

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

small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs

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

Public debt

Public debt 2013

23.8% of GDP (2013 est.)

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

Currency

new Israeli shekels (ILS) per US dollar -

Exchange rates 2020

3.442 (2020 est.)

Exchange rates 2021

3.23 (2021 est.)

Exchange rates 2022

3.36 (2022 est.)

Exchange rates 2023

3.67 (2023 est.)

Exchange rates 2024

3.7 (2024 est.)

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, cucumbers, olives, poultry, milk, potatoes, sheep milk, eggplants, gourds

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

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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

24.7% (2023 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.)