West Bank and Gaza's industry, including construction, value added (current LCU) was 2.6 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 3.54% from 2.51 billion in 2014 (0.35% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.6 billion | 2024 |
| Five years earlier | 3.16 billion | 2019 |
| Ten years earlier | 2.51 billion | 2014 |
| Highest | 3.33 billion | 2022 |
| Lowest | 713.6 million | 2002 |
| Average since 2015 | 2.92 billion | 2015–2024 |
| First recorded | 942.5 million |
What the numbers say
In 2024, West Bank and Gaza's industry, including construction, value added (current LCU) fell 16.2% on 2023 (from 3.11 billion to 2.6 billion).
Across the 29 yearly changes before that (1995 to 2023), the average change was +5% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 29% in 2003 and the biggest yearly fall was 25.8% in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, West Bank and Gaza had the 18th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to West Bank and Gaza in the 2024 ranking
- Vanuatu — 15th of 31: 15.56 billion
- Faroe Islands — 16th of 31: 5.11 billion
- Solomon Islands — 17th of 31: 3.13 billion
- Barbados — 19th of 31: 1.85 billion
- Bahamas, The — 20th of 31: 1.52 billion
- Monaco — 21st of 31: 1.32 billion
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 31 values
| Year | Industry, including construction, value added (current LCU) |
|---|---|
| 2024 | 2,603,100,000 |
| 2023 | 3,107,000,000 |
| 2022 | 3,333,400,000 |
| 2021 | 3,202,600,000 |
| 2020 | 2,644,800,000 |
| 2019 | 3,158,200,000 |
| 2018 | 3,138,800,000 |
| 2017 | 3,101,700,000 |
| 2016 | 2,659,400,000 |
| 2015 | 2,295,000,000 |
Industry, including construction, value added (current LCU) in nearby economies
- Afghanistan — 183.24 billion (2024)
- Algeria — 13.15 trillion (2025)
- Bahrain — 7.59 billion (2025)
- Djibouti — 136.28 billion (2025)
- Egypt, Arab Rep. — 5.81 trillion (2025)
- Iran, Islamic Rep. — 106,764 trillion (2025)
- Iraq — 150.1 trillion (2025)
- Israel — 345.59 billion (2024)
- Jordan — 11.97 billion (2025)
More economic policy & debt data for West Bank and Gaza
- Adjusted savings, education expenditure (% of GNI) — 4.08% (2021)
- Adjusted savings, mineral depletion (current US$) — US$0 (2021)
- Medium and high-tech manufacturing value added (% manufacturing value added) — 7.21% (2024)
- Primary income payments (BoP, current US$) — US$101.69 million (2025)
- Net primary income (current US$, BoP) — US$1.08 billion (2025)
- General government final consumption expenditure (current US$) — US$2.93 billion (2025)
- General government final consumption expenditure (current LCU) — 2.93 billion (2025)
- General government final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is West Bank and Gaza's industry, including construction, value added (current LCU)?
- 2.6 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is up 176.19% from 942.5 million in 1994 (3.44% a year on average, compounded). The highest value was 3.33 billion in 2022 and the lowest 713.6 million in 2002.
- How does West Bank and Gaza rank?
- 18th highest of 31 economies with data for 2024.
- Is the latest change in industry, including construction, value added (current LCU) unusual for West Bank and Gaza?
- In 2024, West Bank and Gaza's industry, including construction, value added (current LCU) fell 16.2% on 2023 (from 3.11 billion to 2.6 billion). Across the 29 yearly changes before that (1995 to 2023), the average change was +5% and a typical year strayed about 13.4% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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