West Bank and Gaza Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
West Bank and Gaza's government debt to gdp was 65.57% in 2024, ranked 122nd globally. This represents a 35.2% increase from 2023. Data from IMF WEO, covering 2000–2024.
Overview
West Bank and Gaza's government debt to gdp stood at 65.57% in 2024, a rise of +17.07% from 2023. West Bank and Gaza ranked 122nd globally.
The Government Debt to GDP ratio in the West Bank and Gaza has experienced a significant increase over the past 25 years, with the latest available figure standing at 65.57 in 2024, ranking 122 globally. This represents a substantial rise from the all-time trough of 19.25 in 2006. In comparison to its peer countries, the West Bank and Gaza's debt-to-GDP ratio is close to that of Belize, which ranked slightly lower at 65.44. The all-time peak of 65.57 in 2024 indicates a steady upward trend, with no significant decline observed since the trough in 2006. This trend is partly reflective of the region's ongoing economic challenges, including a reliance on foreign aid and a fragile economic environment. A sustained improvement in economic growth, driven by increased investment in infrastructure and private sector development, could potentially alter this trajectory and reduce the debt-to-GDP ratio in the coming years.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2024 | 65.57% | +17.07% | #122 |
| 2023 | 48.50% | +1.38% | #78 |
| 2022 | 47.12% | −3.06% | #72 |
| 2021 | 50.18% | +3.10% | #74 |
| 2020 | 47.08% | +12.61% | #65 |
| 2019 | 34.47% | +1.32% | #42 |
| 2018 | 33.15% | +1.36% | #42 |
| 2017 | 31.79% | +0.76% | #40 |
| 2016 | 31.03% | −6.04% | #42 |
| 2015 | 37.07% | +3.12% | #68 |
| 2014 | 33.95% | +3.72% | #70 |
| 2013 | 30.23% | +0.43% | #66 |
| 2012 | 29.80% | +3.52% | #67 |
| 2011 | 26.29% | +3.57% | #54 |
| 2010 | 22.72% | −1.25% | #42 |
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 government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's government debt to gdp was 65.57% in 2024. Ranked 122nd globally. This represents a 35.2% increase from the previous year.
West Bank and Gaza's government debt to gdp peaked at 65.57% in 2024.
The lowest government debt to gdp in West Bank and Gaza was 19.25% in 2006.
West Bank and Gaza ranks 122nd globally in government debt to gdp as of 2024.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
The government debt to gdp of West Bank and Gaza in 2024 was 65.57%. This ranks 122nd in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_government-debt-to-gdp,
title = {West Bank and Gaza Government Debt to GDP},
url = {https://historysaid.com/west-bank-and-gaza/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}