West Bank and Gaza GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
West Bank and Gaza's gdp growth was -26.56% in 2024, ranked 202nd globally. This represents a 482.9% decrease from 2023. Data from World Bank, covering 1995–2024.
Overview
West Bank and Gaza's gdp growth stood at -26.56% in 2024, a decline of +22.00pp from 2023. West Bank and Gaza ranked 202nd globally.
West Bank and Gaza’s annual GDP growth has swung dramatically over the 30‑year span from 1995 to 2024, moving from a modest 7.12% expansion in the earliest year to an all‑time peak of 21.92% in 2004, before plunging to a historic trough of –26.56% in 2024, the lowest among 202 economies. The 2024 contraction ranks the territory just above South Sudan, which posted –26.14%, and far below Sudan’s –13.96% decline, underscoring the severity of the current slowdown. The sharp reversal from the early‑2000s boom reflects a combination of political instability, restricted movement of goods and labor, and heightened fiscal pressures that have intensified since the mid‑2010s. While the long‑term average remains positive, the recent plunge suggests that any sustained recovery will depend on improvements in governance, easing of trade constraints and renewed external assistance, factors that could gradually reverse the negative trajectory.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2024 | -26.56% | −22.00pp | #202 |
| 2023 | -4.56% | −8.64pp | #201 |
| 2022 | 4.08% | −2.93pp | #115 |
| 2021 | 7.01% | +18.33pp | #64 |
| 2020 | -11.32% | −12.68pp | #184 |
| 2019 | 1.36% | +0.14pp | #152 |
| 2018 | 1.23% | −0.19pp | #169 |
| 2017 | 1.42% | −7.45pp | #163 |
| 2016 | 8.86% | +5.14pp | #5 |
| 2015 | 3.72% | +3.88pp | #80 |
| 2014 | -0.16% | −4.86pp | #191 |
| 2013 | 4.70% | −1.40pp | #73 |
| 2012 | 6.10% | −3.50pp | #48 |
| 2011 | 9.60% | +3.82pp | #12 |
| 2010 | 5.78% | −2.82pp | #69 |
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 gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's gdp growth was -26.56% in 2024. Ranked 202nd globally. This represents a 482.9% decrease from the previous year.
West Bank and Gaza's gdp growth peaked at 21.92% in 2004.
The lowest gdp growth in West Bank and Gaza was -26.56% in 2024.
West Bank and Gaza ranks 202nd globally in gdp growth as of 2024.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of West Bank and Gaza in 2024 was -26.56%. This ranks 202nd in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_gdp-growth,
title = {West Bank and Gaza GDP Growth},
url = {https://historysaid.com/west-bank-and-gaza/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}