Gross Domestic Product in Constant Prices for West Bank and Gaza
WBGNGDPRPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.41
Year-over-Year Change
-156.36%
Date Range
1/1/2000 - 1/1/2023
Summary
This trend measures the Gross Domestic Product (GDP) in constant prices for the West Bank and Gaza. It is a key indicator of economic growth and development in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Gross Domestic Product in Constant Prices for West Bank and Gaza represents the total value of all goods and services produced within the region, adjusted for inflation. It is a widely-used metric for evaluating the overall health and performance of the Palestinian economy.
Methodology
The data is collected and calculated by the Palestinian Central Bureau of Statistics.
Historical Context
This GDP metric is closely monitored by policymakers, international institutions, and economists to assess the economic conditions and development in the West Bank and Gaza.
Key Facts
- The GDP of West Bank and Gaza was $14.7 billion in 2020.
- GDP per capita in the region was $3,100 in 2020.
- The economy contracted by 11.5% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within the West Bank and Gaza, adjusted for inflation. It is a key indicator of the region's economic growth and development.
Q: Why is this trend relevant for users or analysts?
A: The GDP of West Bank and Gaza is closely monitored by policymakers, international institutions, and economists to assess the overall health and performance of the Palestinian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Palestinian Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This GDP metric is used by policymakers and institutions to evaluate economic conditions and development in the West Bank and Gaza, informing policy decisions and international aid.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Constant Prices for West Bank and Gaza (WBGNGDPRPCHPT), retrieved from FRED.