Remittance inflows to GDP in Palestine, State of
Palestine, State of: Remittance inflows to GDP was 16.5% in 2020. ▼ Falling
Remittance inflows to GDP in Palestine, State of, 1995–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Palestine, State of recorded 16.5% for remittance inflows to gdp in 2020.
The figure is down 10.4% on the previous year and up 72.1% over ten years.
Over the whole period, remittance inflows to gdp in Palestine, State of peaked at 26.0% in 1998 and was at its lowest, 7.4%, in 2005.
Palestine, State of ranks 18th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 26 years of available data.
Remittance inflows to GDP in Palestine, State of, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 17.7% | — |
| 1996 | 15.9% | -10.3% |
| 1997 | 16.6% | +4.2% |
| 1998 | 26.0% | +56.9% |
| 1999 | 25.7% | -1.3% |
| 2000 | 20.0% | -22.0% |
| 2001 | 20.1% | +0.5% |
| 2002 | 21.7% | +7.8% |
| 2003 | 7.8% | -64.0% |
| 2004 | 8.7% | +10.8% |
| 2005 | 7.4% | -14.8% |
| 2006 | 8.7% | +17.6% |
| 2007 | 10.3% | +18.6% |
| 2008 | 10.1% | -1.5% |
| 2009 | 9.3% | -7.8% |
| 2010 | 9.6% | +2.5% |
| 2011 | 10.2% | +6.6% |
| 2012 | 14.2% | +39.4% |
| 2013 | 11.0% | -22.6% |
| 2014 | 12.9% | +17.1% |
| 2015 | 13.0% | +0.8% |
| 2016 | 13.5% | +4.1% |
| 2017 | 14.8% | +8.9% |
| 2018 | 17.4% | +18.0% |
| 2019 | 18.4% | +5.7% |
| 2020 | 16.5% | -10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.4% | 15.9% | 26.0% | 5 |
| 2000s | 12.4% | 7.4% | 21.7% | 10 |
| 2010s | 13.5% | 9.6% | 18.4% | 10 |
| 2020s | 16.5% | 16.5% | 16.5% | 1 |
Countries ranked near Palestine, State of
More financial sector data for Palestine, State of
- Net domestic credit (current LCU), per capita 2,345 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 0.7396 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 6.34 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, annual growth rate 23.12 % change on previous year (2025)
- Domestic credit to private sector by banks 56.4% (2025)
- Total reserves in months of imports 2.35 (2025)
- Net domestic credit 12.70 billion current LCU (2025)
- Net foreign assets 11.81 billion current LCU (2025)
Frequently asked questions
- What is remittance inflows to gdp in Palestine, State of?
- Remittance inflows to gdp in Palestine, State of was 16.5% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Palestine, State of?
- The highest recorded value was 26.0% in 1998.
- What is the lowest remittance inflows to gdp recorded in Palestine, State of?
- The lowest recorded value was 7.4% in 2005.
- How does Palestine, State of rank for remittance inflows to gdp?
- Palestine, State of ranks 18th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Palestine, State of?
- Over the last ten years it is up 72.1%. The long-run trend across the full record is falling.
- Where does this Palestine, State of data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.