Palestine's economy rebounded by 19 percent year-on-year in Q2 of 2021, following a 6 percent contraction in the previous period. It was the strongest economic expansion since available records began in 2001, reflecting a low base effect stemming from last year’s Covid-19 restrictions. On a quarterly basis, GDP increased 4 percent in Q2, mainly driven by transportation & storage, wholesale & retail trade, and repair of motor vehicles & motorcycles. source: Palestinian Central Bureau of Statistics
GDP Annual Growth Rate in Palestine averaged 3.04 percent from 2001 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
GDP Annual Growth Rate in Palestine is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Palestine GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.