Share of World GDP: West Bank and Gaza

Analysis# West Bank and Gaza Share of World GDP West Bank and Gaza currently accounts for 0.012% of global GDP in 2024, matching its all-time low and representing a sharp 45% decline from its peak of 0.022% in 2012. Since 1994, the region's economic share has contracted 25%, reflecting decades of stagnation relative to global growth. The current figure underscores the region's minimal contribution to worldwide economic output despite its population of approximately 5 million. The steepest deterioration occurred after 2019, when the share stood at 0.022%. A precipitous drop began in 2020 and accelerated through 2024, falling from 0.020% to the present 0.012%. This recent trajectory suggests ongoing economic contraction driven by persistent conflict, limited market access, and constrained development capacity. Without significant structural changes, the region's share of world GDP appears positioned to remain at historic lows.