West Bank and Gaza Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
West Bank and Gaza's budget deficit was -3.54% in 2024, ranked 75th globally. This represents a 271.5% decrease from 2023. Data from IMF WEO, covering 2009–2024.
Overview
West Bank and Gaza's budget deficit stood at -3.54% in 2024, a decline of +2.59% from 2023. West Bank and Gaza ranked 75th globally.
West Bank and Gaza’s primary fiscal balance has narrowed markedly since the 2009 trough of –7.67 percent of GDP, reaching an all‑time peak of –0.92 percent in 2022 before slipping to –3.54 percent in 2024, a level that places the territory 75th globally. The improvement from the deep deficit of the early‑2000s reflects higher tax receipts and modest cuts in current spending, yet the recent widening suggests renewed fiscal pressure, possibly from increased social transfers and security‑related outlays. Compared with peers of similar rank, the deficit is virtually identical to Peru’s –3.54 percent and slightly lower than Malta’s –3.58 percent, underscoring a convergence with other middle‑income economies that balance limited revenue bases against expanding public services. The 16‑year series indicates a long‑term trend toward fiscal consolidation, but sustaining the current trajectory will likely depend on stabilising revenue growth and containing expenditure growth amid ongoing political and economic uncertainties.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2024 | -3.54% | −2.59% | #75 |
| 2023 | -0.95% | −0.03% | #135 |
| 2022 | -0.92% | +4.29% | #130 |
| 2021 | -5.21% | +2.17% | #72 |
| 2020 | -7.37% | −2.89% | #74 |
| 2019 | -4.48% | −2.02% | #41 |
| 2018 | -2.46% | +0.32% | #75 |
| 2017 | -2.78% | −0.70% | #79 |
| 2016 | -2.08% | +2.58% | #108 |
| 2015 | -4.66% | −2.11% | #54 |
| 2014 | -2.55% | −1.02% | #105 |
| 2013 | -1.53% | +4.74% | #116 |
| 2012 | -6.27% | −0.01% | #27 |
| 2011 | -6.26% | −4.07% | #24 |
| 2010 | -2.19% | +5.48% | #111 |
Detected Pattern
Analysis
West Bank and Gaza matched the Export Boom Cycle pattern in 2008. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's budget deficit was -3.54% in 2024. Ranked 75th globally. This represents a 271.5% decrease from the previous year.
West Bank and Gaza's budget deficit peaked at -0.92% in 2022.
The lowest budget deficit in West Bank and Gaza was -7.68% in 2009.
West Bank and Gaza ranks 75th globally in budget deficit as of 2024.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
The budget deficit of West Bank and Gaza in 2024 was -3.54%. This ranks 75th in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_budget-deficit,
title = {West Bank and Gaza Budget Deficit},
url = {https://historysaid.com/west-bank-and-gaza/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}