West Bank and Gaza GDP PPP
GDP converted to international dollars using PPP rates NY.GDP.MKTP.PP.CD
West Bank and Gaza's gdp ppp was $23.1B in 2024, ranked 48th globally. This represents a 24.8% decrease from 2023. Data from World Bank, covering 1994–2024.
Overview
West Bank and Gaza's gdp ppp stood at $23.1B in 2024, a decline of +$7.6B from 2023. West Bank and Gaza ranked 48th globally.
West Bank and Gaza’s gross domestic product measured at purchasing power parity rose from an all‑time trough of 5,208,478,031.10 in 1994 to a peak of 31,085,036,506.33 in 2022, reflecting more than a five‑fold expansion over 28 years of data coverage. The 2024 estimate of 23,119,472,384.42 places the territory at rank 48 globally, situating it between Montenegro’s 21,238,981,036.84 and Kosovo’s 28,482,185,265.98, while still trailing Sierra Leone’s 30,439,844,906.48. This trajectory mirrors gradual improvements in private sector activity and external assistance, although the post‑peak decline suggests vulnerability to political uncertainty and constraints on movement and trade. Relative to peers, West Bank and Gaza’s growth rate has been more volatile than Montenegro’s steadier expansion, underscoring the importance of stability for sustained gains. Continued progress will depend on the resolution of political tensions and the ability to attract investment, which could re‑accelerate the upward trend in PPP‑adjusted output.
Data & projection
| Year | GDP PPP | YoY change | Rank |
|---|---|---|---|
| 2024 | $23.1B | −$7.6B | #48 |
| 2023 | $30.7B | −$343.5M | #54 |
| 2022 | $31.1B | +$3.2B | #57 |
| 2021 | $27.9B | −$731.9M | #59 |
| 2020 | $28.6B | −$1.9B | #64 |
| 2019 | $30.5B | +$2.1B | #64 |
| 2018 | $28.4B | +$1.2B | #64 |
| 2017 | $27.2B | +$852.9M | #66 |
| 2016 | $26.5B | +$2.5B | #68 |
| 2015 | $24.6B | +$1.7B | #65 |
| 2014 | $22.5B | −$88.3M | #63 |
| 2013 | $21.6B | +$381.0M | #63 |
| 2012 | $20.8B | +$1.2B | #66 |
| 2011 | $17.5B | −$64.0M | #60 |
| 2010 | $15.6B | −$758.8M | #60 |
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 ppp improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's gdp ppp was $23.1B in 2024. Ranked 48th globally. This represents a 24.8% decrease from the previous year.
West Bank and Gaza's gdp ppp peaked at $31.1B in 2022.
The lowest gdp ppp in West Bank and Gaza was $5.2B in 1994.
West Bank and Gaza ranks 48th globally in gdp ppp as of 2024.
The World Bank indicator code is NY.GDP.MKTP.PP.CD. Data sourced from World Bank.
West Bank and Gaza's gdp ppp was approximately 23.12 billion ($23.1B) in 2024.
The gdp ppp of West Bank and Gaza in 2024 was $23.1B. This ranks 48th in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_gdp-ppp,
title = {West Bank and Gaza GDP PPP},
url = {https://historysaid.com/west-bank-and-gaza/gdp-ppp/},
publisher = {HistorySaid},
year = {2026}
}