West Bank and Gaza: Trade (% of GDP)
In , West Bank and Gaza's Trade (% of GDP) was 81.31.
That's up 2.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . West Bank and Gaza ranks #81 globally out of 160 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #9 of 16.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 92.00
- Trough
- 65.42
- 1-year change
- +2.2%
- 5-year change
- +17.9%
- +3.3% / yr
- 10-year change
- +20.0%
- +1.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 81.3137 | |
| 79.5332 | |
| 82.3949 | |
| 73.0836 | |
| 67.2882 | |
| 68.9935 | |
| 71.4013 | |
| 68.4487 | |
| 65.4225 | |
| 70.7810 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was West Bank and Gaza's Trade (% of GDP) in 2024?
- In 2024, West Bank and Gaza's Trade (% of GDP) was 81.31, according to World Bank Open Data.
- Is West Bank and Gaza's Trade (% of GDP) rising or falling?
- West Bank and Gaza's Trade (% of GDP) rose 2.2% from 2023 to 2024.
- How does West Bank and Gaza rank globally on Trade (% of GDP)?
- In 2024, West Bank and Gaza ranked #81 out of 160 countries reporting Trade (% of GDP).
- How does West Bank and Gaza's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so West Bank and Gaza is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #9 of 16.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.