07 Apr, 2020
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State of Palestine

State of Palestine (orthographic projection)

We offer a data-driven country report for State of Palestine that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on State of Palestine.[/vc_column_text][vc_column_text]

Its population in 2018 was 5,052,776 [1]

In 2015, 10.47% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 7.05% [2]

In 2021 it had a negative Current
Account Balance of US$bn 2.26 [3]

Its unemployment rate in 2021 was 26.39% [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2013 was 0.45% [2]

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What free trade areas or economic unions is it a member of?

Member of the Euro-Mediterranean partnership (EuroMed) since 28/11/1995

Other members:

Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Syrian Arab Republic, Tunisia, Türkiye


What trade deals are there between Euro-Mediterranean partnership and other countries and economic unions?

None

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What trade deals are there with other countries and economic unions?

MERCOSUR - State of Palestine free trade agreement (from 22/12/2024)

EU - Palestinian Authority Interim Association Agreement (from 01/07/1997)

EFTA - Palestinian Authority Free Trade Agreement (from 01/07/1999)

Türkiye - Palestinian Authority free trade agreement (from 01/06/2005)

UK - Palestinian Authority political, trade and partnership agreement (from 01/01/2021)

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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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