Home West Bank and Gaza Prices & Inflation Inflation Rate

West Bank and Gaza Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

53.67% +47.80pp (+814.0%)
Year 2024 Rank #188 Global Peak 53.67% (2024) Source World Bank

West Bank and Gaza Inflation Rate (1997–2024)

Overview

West Bank and Gaza's inflation rate stood at 53.67% in 2024, a rise of +47.80pp from 2023. West Bank and Gaza ranked 188th globally.

Data & projection

Year Inflation Rate YoY change Rank
2024 53.67% +47.80pp #188
2023 5.87% +2.13pp #98
2022 3.74% +2.50pp #27
2021 1.24% +1.95pp #24
2020 -0.74% −2.29pp #16
2019 1.58% +1.78pp #73
2018 -0.20% −0.41pp #6
2017 0.21% +0.43pp #12
2016 -0.22% −1.65pp #38
2015 1.43% −0.30pp #100
2014 1.73% +0.01pp #87
2013 1.72% −1.06pp #67
2012 2.78% −0.10pp #72
2011 2.88% −0.87pp #38
2010 3.75% +1.00pp #113
Show all years (1997-2024)

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +43.6% GDP growth 7.4% C/A balance 5.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

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 inflation rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is West Bank and Gaza's inflation rate?

West Bank and Gaza's inflation rate was 53.67% in 2024. Ranked 188th globally. This represents a 814.0% increase from the previous year.

What was the highest inflation rate in West Bank and Gaza?

West Bank and Gaza's inflation rate peaked at 53.67% in 2024.

What was the lowest inflation rate in West Bank and Gaza?

The lowest inflation rate in West Bank and Gaza was -0.74% in 2020.

How does West Bank and Gaza rank in inflation rate?

West Bank and Gaza ranks 188th globally in inflation rate as of 2024.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the inflation rate of West Bank and Gaza in 2024?

The inflation rate of West Bank and Gaza in 2024 was 53.67%. This ranks 188th in the world.

Cite this page

APA
West Bank and Gaza Inflation Rate. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/west-bank-and-gaza/inflation-rate
BibTeX
@misc{historysaid_west-bank-and-gaza_inflation-rate, title = {West Bank and Gaza Inflation Rate}, url = {https://historysaid.com/west-bank-and-gaza/inflation-rate}, publisher = {HistorySaid}, year = {2026} }