Palestine: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Palestine

Fiscal balance, percent of GDP

 Latest value 2.70
 Year 2023
 Measure percent
 Data availability 1999 - 2023
 Average -0.33
 Min - Max -8.20 - 4.30
 Source Palestine Monetary Authority
The latest value from 2023 is 2.7 percent, a decline from 3.6 percent in 2022. In comparison, the world average is -2.78 percent, based on data from 138 countries. Historically, the average for Palestine from 1999 to 2023 is -0.33 percent. The minimum value, -8.2 percent, was reached in 2002 while the maximum of 4.3 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Palestine - Fiscal balance, percent of GDP - Recent values chart

Historical series
Palestine - Fiscal balance, percent of GDP - historical chart - 1999-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Government spending, percent of GDP 20.21 2023 percent
 Government spending, in dollars 3.52 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 2.70 2023 percent
 Government debt 21.70 2023 percent
 Government expenditure 0.65 Q2/2024 billion
 Tax revenue 21.47 2021 percent
 Commercial tax rate 15.30 2019 percent
 Tax preparation time 174 2019 hours
 Number of taxes 28 2019 taxes
 Taxes on goods and services 41.17 2021 percent
 Taxes on international trade 37.60 2021 percent
 Income and profits taxes 4.96 2021 percent
 Foreign aid 2,236.19 2022 million U.S. dollars
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