West Bank and Gaza GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
West Bank and Gaza's gdp was $13.7B in 2024, ranked 58th globally. This represents a 23.2% decrease from 2023. Data from World Bank, covering 1994–2024.
Overview
West Bank and Gaza's gdp stood at $13.7B in 2024, a decline of +$4.1B from 2023. West Bank and Gaza ranked 58th globally.
West Bank and Gaza’s gross domestic product has expanded from an all‑time trough of 2,843,300,000.00 in 1994 to a peak of 19,165,500,000.00 in 2022, reflecting a more than six‑fold increase over 28 years. The 2024 estimate of 13,711,100,000.00 places the economy at rank 58 globally and puts it slightly above Namibia’s 13,372,354,511.72 output while remaining marginally below Tajikistan’s 14,204,575,548.55, illustrating a modest position among similarly ranked developing economies. The upward trajectory has been driven by gradual improvements in services, construction, and limited industrial activity, although political instability and restricted access to external markets have constrained more rapid growth. Despite the post‑peak decline from 2022, the long‑run pattern suggests resilience; continued investment in infrastructure and greater integration into regional trade networks could sustain the upward trend and potentially lift the territory’s GDP beyond its recent peak.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2024 | $13.7B | −$4.1B | #58 |
| 2023 | $17.8B | −$1.3B | #76 |
| 2022 | $19.2B | +$1.1B | #89 |
| 2021 | $18.1B | +$2.6B | #90 |
| 2020 | $15.5B | −$1.6B | #90 |
| 2019 | $17.1B | +$856.5M | #94 |
| 2018 | $16.3B | +$148.6M | #89 |
| 2017 | $16.1B | +$723.0M | #93 |
| 2016 | $15.4B | +$1.4B | #94 |
| 2015 | $14.0B | −$17.6M | #88 |
| 2014 | $14.0B | +$474.7M | #87 |
| 2013 | $13.5B | +$1.3B | #84 |
| 2012 | $12.2B | +$1.0B | #81 |
| 2011 | $11.2B | +$1.5B | #79 |
| 2010 | $9.7B | +$1.6B | #77 |
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 improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's gdp was $13.7B in 2024. Ranked 58th globally. This represents a 23.2% decrease from the previous year.
West Bank and Gaza's gdp peaked at $19.2B in 2022.
The lowest gdp in West Bank and Gaza was $2.8B in 1994.
West Bank and Gaza ranks 58th globally in gdp as of 2024.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
West Bank and Gaza's gdp was approximately 13.71 billion ($13.7B) in 2024.
The gdp of West Bank and Gaza in 2024 was $13.7B. This ranks 58th in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_gdp,
title = {West Bank and Gaza GDP},
url = {https://historysaid.com/west-bank-and-gaza/gdp/},
publisher = {HistorySaid},
year = {2026}
}