West Bank and Gaza 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$17.42 billion
↓ 9.10% vs 2022GDP per Capita
$3,372.35
↓ 11.25% vs 2022GDP Growth (Annual %)
-5.41%
↓ 9.49pp vs 2022Inflation Rate (CPI %)
5.87%
↑ 2.13pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $19.17 billion | $17.42 billion | -9.10% |
| GDP per Capita | $3,799.96 | $3,372.35 | -11.25% |
| GDP Growth (Annual %) | 4.08% | -5.41% | -9.49pp |
| Inflation (CPI %) | 3.74% | 5.87% | +2.13pp |
| Unemployment Rate (%) | 24.42% | N/A | N/A |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $17.42 billion
- GDP per Capita
- $3,372.35
- GDP Growth (Annual %)
- -5.41%
- Gross National Income
- $20.66 billion
Prices & Employment
- Inflation (CPI %)
- 5.87%
- Inflation (GDP Deflator %)
- -3.90%
- Unemployment Rate (%)
- N/A
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -16.62%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, West Bank and Gaza's Gross Domestic Product (GDP) is $17.42 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in West Bank and Gaza for 2023 is $3,372.35. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in West Bank and Gaza for 2023 is 5.87%. This measures the annual percentage change in the cost of consumer goods and services.
West Bank and Gaza's annual GDP growth rate for 2023 is -5.41%. This indicates the rate at which the country's economy is expanding or contracting.