Foreign Trade In Services (As % of GDP) fell to 14.3% in Palestine in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Palestine | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 14.3 % in 2017 in Palestine, according to the National Statistical Office. This is 0.246 % less than in the previous year.

Historically, foreign trade in services as a share of GDP in Palestine reached an all time high of 24.7 % in 1999 and an all time low of 13.0 % in 2006. When compared to Palestine's main peers, foreign trade in services as a share of GDP in Egypt amounted to 15.9 %, 20.8 % in Israel, 28.8 % in Jordan and 54.2 % in Lebanon in 2017.

Palestine has been ranked 96th within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 13 places behind the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cyprus % 58.1% 59.0% 69.4% 74.1% 79.0%
Egypt % 14.1% 13.7% 12.0% 12.9% 10.8%
Iraq % 7.51% 7.40% 8.67% 9.54% 12.9%
Israel % 19.0% 20.9% 19.8% 19.3% 20.2%
Jordan % 35.4% 35.4% 32.5% 32.9% 28.8%
Lebanon % 76.7% 60.4% 61.1% 57.6% 59.3%
Libya % 12.8% 8.73% 13.2% 18.3% 18.5% ...
Palestine % 15.7% 15.7% 15.4% 14.0% 16.3%
Saudi Arabia % 13.3% 11.5% 11.9% 14.9% 15.7%
Sudan % 5.54% 4.65% 4.56% 4.43% 3.41%
Syria % ... ... ... ... ... ... ... ... ...