What is the GDP of Palestine?

Palestine's GDP is approximately $13.7 billion USD. The GDP growth rate is -26.6%.

What is the population of Palestine?

Palestine has a population of approximately 5.3 million people. The population growth rate is 2.4%.

What is the inflation rate in Palestine?

The inflation rate in Palestine is 53.7%.

What is the unemployment rate in Palestine?

The unemployment rate in Palestine is 24.4%.

What is the GDP per capita of Palestine?

Palestine's GDP per capita is approximately $2,592 USD.

Is Palestine a good country to invest in?

Palestine has an investment score of 12/100, classified as "High Risk" risk. Key sectors include Agriculture, Construction, Services. Credit rating: NR.

How open is Palestine's economy to trade?

Palestine's trade openness (trade as % of GDP) is 81%. Exports total approximately $2.9B and imports $8.3B.

How much foreign investment does Palestine attract?

Foreign direct investment (FDI) in Palestine is 1.2% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Palestine?

Palestine's economy is composed of services (59% of GDP), industry (16% of GDP), and agriculture (6% of GDP).

Can I start a business in Palestine as a foreigner?

Palestine offers various options for foreign entrepreneurs. Visit our business setup guide for Palestine for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Palestine's economy growing?

Palestine's GDP growth rate is -26.6%. The economy is currently contracting.

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Palestine Economy Overview

Name: Palestine Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Middle East & North AfricaLower MiddleCapital: RamallahPSE

High Risk

Shrinking

13.7B USD

GDP (Nominal)

Growing at -26.6%

$2,592

GDP Per Capita

Developing economy

5.3M

Population

+2.4% annual growth

High

53.7%

Inflation

Elevated

81%of GDP

Trade Openness

1.2%of GDP

FDI Inflows

Public Debt

High

24.4%

Unemployment

Deficit

-$5.4B

Trade Balance

GDP

Billion USD, nominal

$13.7B

2024-4.1B

GDP Growth

Annual %

-26.6%

2024-22.0%

Inflation

Consumer prices, annual %

53.7%

2024+47.8%

Population

Millions

5.3M

2024+0.1M

Economic Structure

Services59%

Industry16%

Agriculture6%

Investment Score Breakdown

Economic Health (30%)10

Political Safety (25%)5

Business Climate (20%)12

Financial Strength (15%)12

Growth Potential (10%)18

Key Sectors

Agriculture

6% of GDP

declining

Construction

5% of GDP

declining

Services

8% of GDP

declining

Should I Invest in Palestine?

AvoidSetup: ModerateROI: Uncertain

Palestine scores 12/100 on the NationsData Investment Index, rated "High Risk". Growth is subdued at -5.5%.

Investment Score12/100

GDP Growth-5.5%

Inflation6.5%

FDI/GDP0.5%

Public Debt22.5%

Political Stability-2.3

Strengths

+Low public debt (22.5% of GDP) - fiscal headroom

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (6.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence
-Slow/negative growth (-5.5%) - limited market expansion
-Large current account deficit (-15.5%) - currency depreciation risk

Also Consider

Lebanon

Same region, similar income level, faster growth (-0.5%)

Iran

Same region, similar income level, faster growth (2.8%)

Yemen

Same region, faster growth (-2.5%)

Venezuela

Similar investment score, faster growth (1.5%)

Countries Similar to Palestine

Based on investment profile, economic size, growth rate, and region

🇱🇧

Lebanon