Palestine: Share of industry

For that indicator, we provide data for Palestine from 1994 to 2021. The average value for Palestine during that period was 20.73 percent with a minimum of 16.43 percent in 2015 and a maximum of 33.15 percent in 1994. The latest value from 2021 is 17.69 percent. For comparison, the world average in 2021 based on 175 countries is 26.08 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of industry in the economy of Palestine and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.

Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.