Expense in Palestine
Palestine: Expense was 4.74 billion current LCU in 2021. ▲ Rising
Expense in Palestine, 2005–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2021, expense in Palestine stood at 4.74 billion current LCU. That is the highest value across all 17 years on record.
That represents a change of up 4.4% on the previous year and up 50.3% over ten years.
Over the whole period, expense in Palestine peaked at 4.74 billion current LCU in 2021 and was at its lowest, 1.87 billion current LCU, in 2005.
That places Palestine 137th out of 157 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Expense in Palestine, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 1.87 billion current LCU | — |
| 2006 | 2.30 billion current LCU | +22.6% |
| 2007 | 2.24 billion current LCU | -2.6% |
| 2008 | 3.04 billion current LCU | +35.7% |
| 2009 | 3.01 billion current LCU | -0.8% |
| 2010 | 3.07 billion current LCU | +2.1% |
| 2011 | 3.15 billion current LCU | +2.6% |
| 2012 | 3.14 billion current LCU | -0.5% |
| 2013 | 3.41 billion current LCU | +8.5% |
| 2014 | 3.73 billion current LCU | +9.4% |
| 2015 | 3.77 billion current LCU | +1.2% |
| 2016 | 3.95 billion current LCU | +4.9% |
| 2017 | 4.33 billion current LCU | +9.6% |
| 2018 | 4.01 billion current LCU | -7.6% |
| 2019 | 4.19 billion current LCU | +4.6% |
| 2020 | 4.54 billion current LCU | +8.3% |
| 2021 | 4.74 billion current LCU | +4.4% |
Palestine compared with similar countries
- Palestine's 4.74 billion current LCU is below the median for lower middle income countries, which is 316.16 billion current LCU, 1% of the median. (37 countries reporting)
- Palestine's 4.74 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 393.78 billion current LCU, 1% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.49 billion current LCU | 1.87 billion current LCU | 3.04 billion current LCU | 5 |
| 2010s | 3.68 billion current LCU | 3.07 billion current LCU | 4.33 billion current LCU | 10 |
| 2020s | 4.64 billion current LCU | 4.54 billion current LCU | 4.74 billion current LCU | 2 |
Countries ranked near Palestine
More public sector data for Palestine
- Democracy 0 (1947)
- Chief executive of the government is elected 0 (1947)
- Elected parliament 0 (1947)
- Men's universal right to vote 0 (1947)
- Competitive elections 0 (1947)
- Universal right to vote 0 (1947)
- Universal right to vote in practice 0 (1947)
- Arms imports 2.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.3872 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2023)
Frequently asked questions
- What is expense in Palestine?
- Expense in Palestine was 4.74 billion current LCU in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Palestine?
- The highest recorded value was 4.74 billion current LCU in 2021.
- What is the lowest expense recorded in Palestine?
- The lowest recorded value was 1.87 billion current LCU in 2005.
- How does Palestine rank for expense?
- Palestine ranks 137th out of 157 countries with data for 2021.
- Is expense rising or falling in Palestine?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is rising.
- Where does this Palestine data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.