Palestine GDP Annual Growth Rate  2001-2017 | Data | Chart | Calendar

The Palestine economy grew by 1.3 percent year-on-year in the fourth quarter of 2016, compared to a 5.2 percent expansion in the preceding quarter, preliminary estimates showed. It was the weakest growth since the March quarter 2015. On a quarterly basis, the GDP contracted 1.3 percent compared to a 0.4 percent contraction in the previous quarter. For full year 2016 economy expanded 4.1 percent year-on-year, compared to a 3.4 percent expansion in 2015. GDP Annual Growth Rate in Palestine averaged 4.10 percent from 2001 until 2016, reaching an all time high of 26.03 percent in the third quarter of 2003 and a record low of -21.59 percent in the fourth quarter of 2006.

Palestine GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-28 08:30 AM Q2 3.9% 8.0% 5.7%
2016-12-28 09:00 AM Q3 5.2% 3.5% 1.2%
2017-03-28 07:00 AM Q4 1.3% 5.2% 6.9%
2017-06-22 07:00 AM Q1 1.3% 1.69%
2017-09-28 07:00 AM Q2 3.55%
2017-12-28 07:00 AM Q3 3.20%




Palestine GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.30 5.20 26.03 -21.59 percent [+]
GDP 8.00 7.70 8.00 3.04 USD Billion [+]
GDP per capita 1997.30 1745.90 1997.30 879.52 USD [+]
GDP per capita PPP 2465.10 2324.36 3041.80 2105.52 USD [+]
Gross Fixed Capital Formation 413.10 449.00 503.80 365.60 USD million [+]
Gdp Constant Prices 1997.30 2023.10 2030.90 778.50 USD million [+]
Gdp From Construction 166.60 142.80 205.80 16.80 USD million [+]
Gdp From Manufacturing 226.80 223.70 249.40 84.50 USD million [+]
Gdp From Mining 7.10 7.30 13.70 1.00 USD million [+]
Gdp From Public Administration 261.60 260.10 262.20 80.30 USD million [+]
Gdp From Services 402.20 423.10 423.10 200.60 USD million [+]
Gdp From Utilities 29.00 31.60 52.60 10.00 USD million [+]


Palestine GDP Annual Growth Rate Notes

The Palestinian territories (West Bank and Gaza) have been occupied by Israel since the Six-Day war in 1967. As such, Palestinian economy is dependent on Israel as it controls the movement of goods and labour and retains customs revenues. As a result, production capacity and access to natural resources has been significantly reduced and services are by far the most important sector of the economy (nearly 83 percent of GDP). Palestine remains heavily dependent on foreign aid to support the government’s budget and fund infrastructure development. Nonetheless, in recent months, Palestinian National Authority's efforts to ease tensions with Israel have resulted in growth returning to Palestine. Yet, the growth cannot be sustainable without addressing security problems and high unemployment rate among young people. This page provides the latest reported value for - Palestine GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Palestine GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 5.20 26.03 -21.59 2001 - 2016 percent Quarterly



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