Palestine: Industry value added

The latest value from 2022 is 3.33 billion U.S. dollars, an increase from 3.2 billion U.S. dollars in 2021. In comparison, the world average is 144.59 billion U.S. dollars, based on data from 186 countries. Historically, the average for Palestine from 1994 to 2022 is 1.75 billion U.S. dollars. The minimum value, 0.71 billion U.S. dollars, was reached in 2002 while the maximum of 3.33 billion U.S. dollars was recorded in 2022. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3. Data are in current U.S. dollars.