West Bank and Gaza's taxes less subsidies on products (current US$) was US$2.89 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 61.6% from US$1.79 billion in 2014 (4.92% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.89 billion | 2024 |
| Five years earlier | US$2.3 billion | 2019 |
| Ten years earlier | US$1.79 billion | 2014 |
| Highest | US$3.66 billion | 2023 |
| Lowest | US$20 million | 1994 |
| Average since 2015 | US$2.64 billion | 2015–2024 |
| First recorded | US$20 million |
What the numbers say
In 2024, West Bank and Gaza's taxes less subsidies on products (current US$) fell 21.2% on 2023 (from US$3.66 billion to US$2.89 billion).
Across the 29 yearly changes before that (1995 to 2023), the average change was +50.4% and a typical year strayed about 209.6% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1,136% in 1995 and the biggest yearly fall was 29.8% 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 the straight-line trend is upward, about US$158.7 million a year. A straight line explains 68% of the movement over 10 observed years.
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 8th highest value of the 30 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
- Lebanon — 5th of 30: US$15.74 billion
- Hong Kong SAR, China — 6th of 30: US$10.68 billion
- Bolivia — 7th of 30: US$3.6 billion
- Bahamas, The — 9th of 30: US$1.95 billion
- Trinidad and Tobago — 10th of 30: US$1.38 billion
- Papua New Guinea — 11th of 30: US$1.38 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 31 values
| Year | Taxes less subsidies on products (current US$) |
|---|---|
| 2024 | 2,886,000,000 |
| 2023 | 3,661,900,000 |
| 2022 | 3,551,600,000 |
| 2021 | 2,883,500,000 |
| 2020 | 2,379,200,000 |
| 2019 | 2,296,500,000 |
| 2018 | 2,177,600,000 |
| 2017 | 2,375,900,000 |
| 2016 | 2,184,000,000 |
| 2015 | 2,023,600,000 |
Taxes less subsidies on products (current US$) in nearby economies
- Afghanistan — US$1.07 billion (2024)
- Algeria — US$14.37 billion (2025)
- Bahrain — US$2.07 billion (2025)
- Djibouti — US$253.86 million (2025)
- Egypt, Arab Rep. — US$14.89 billion (2025)
- Iran, Islamic Rep. — US$15.89 billion (2024)
- Israel — US$46.87 billion (2024)
- Jordan — US$6.35 billion (2025)
- Kuwait — −US$11.79 billion (2025)
- Lebanon
More economic policy & debt data for West Bank and Gaza
- Adjusted savings, education expenditure (% of GNI) — 4.08% (2021)
- Adjusted savings, mineral depletion (current US$) — 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 taxes less subsidies on products (current US$)?
- US$2.89 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is up 14,330% from US$20 million in 1994 (18.03% a year on average, compounded). The highest value was US$3.66 billion in 2023 and the lowest US$20 million in 1994.
- How does West Bank and Gaza rank?
- 8th highest of 30 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current US$) unusual for West Bank and Gaza?
- In 2024, West Bank and Gaza's taxes less subsidies on products (current US$) fell 21.2% on 2023 (from US$3.66 billion to US$2.89 billion). Across the 29 yearly changes before that (1995 to 2023), the average change was +50.4% and a typical year strayed about 209.6% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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