Palestine: Savings, percent of GDP
* indicates monthly or quarterly data series
| Palestine |
Savings as percent of GDP |
|---|---|
| Latest value | 16.66 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1995 - 2024 |
| Average | 9.62 |
| Min - Max | -6.51 - 26.83 |
| Source | The World Bank |
The latest value from 2024 is 16.66 percent, an increase from 13.08 percent in 2023. In comparison, the world average is 22.88 percent, based on data from 84 countries. Historically, the average for Palestine from 1995 to 2024 is 9.62 percent. The minimum value, -6.51 percent, was reached in 2004 while the maximum of 26.83 percent was recorded in 2008.
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* indicates monthly or quarterly data series
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The savings in Palestine and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 17.39 | 2022 | percent |
| Share of manufacturing | 11.20 | 2022 | percent |
| Share of services | 58.33 | 2022 | percent |
| Industry value added | 3.33 | 2022 | billion U.S. dollars |
| Manufacturing value added | 2.15 | 2022 | billion U.S. dollars |
| Services value added | 11.18 | 2022 | billion U.S. dollars |
| Savings, percent of GDP | 16.66 | 2024 | percent |
| Savings, in dollars | 2.28 | 2024 | billion U.S. dollars |