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EconomyEconomy - overview
High population density and Israeli security controls placed on the Gaza Strip since the end of the second intifada have degraded economic conditions in this territory, which is smaller than the West Bank. Israeli-imposed border closures, which became more restrictive after HAMAS seized control of the territory in June 2007, have resulted in high unemployment, elevated poverty rates, and the near collapse of the private sector that had relied on export markets. The population is reliant on large-scale humanitarian assistance - led by UN agencies. Changes to Israeli restrictions on imports in 2010 resulted in a rebound in some economic activity, but regular exports from Gaza still are not permitted. Gdp (purchasing power parity)
See entry for West Bank
Gdp - real growth rate
See entry for West Bank
Gdp - per capita (ppp)
See entry for West Bank
Gdp - composition by sector
See entry for West Bank
Labor force World Ranking: 161
348,200 (2010)
Labor force - by occupation
Agriculture 5.1%
Industry 15.6% Services 79.3% (2010 est.) Unemployment rate World Ranking: 184
40% (2010 est.)
40% (2009 est.) Population below poverty line
38% (2010 est.)
Budget
See entry for West Bank
Inflation rate (consumer prices) World Ranking: 123
5% (2011 est.)
6% (2010 est.) Note Includes West Bank Commercial bank prime lending rate
See entry for West Bank
Stock of broad money World Ranking: 117
$6.674 billion (31 December 2011 est.) $6.674 billionStock of domestic credit World Ranking: 148
$1.503 billion (31 December 2011 est.) $1.353 billion (31 December 2010 est.) Agriculture - products
Olives, fruit, vegetables, flowers; beef, dairy products Industries
Textiles, food processing, furniture Industrial production growth rate
See entry for West Bank
Electricity - production World Ranking: 213
51,000 kWh (2011 est.)
Electricity - consumption World Ranking: 214
202,000 kWh (2009)
Electricity - exports
0 kWh (2011 est.)
Electricity - imports
193,000 kWh (2011 est.)
Oil - production
See entry for West Bank
Oil - consumption
See entry for West Bank
Oil - exports
See entry for West Bank
Oil - imports
See entry for West Bank
Oil - proved reserves World Ranking: 134
0 bbl (1 January 2010 est.)
Exports - commodities
Strawberries, carnations, vegetables Imports
See entry for West Bank
Imports - commodities
Food, consumer goods
Note Israel permits limited imports through crossings with Gaza, but many "dual use" goods, such as construction materials, are smuggled through tunnels beneath Gaza's border with Egypt Debt - external
See entry for West Bank
Exchange rates
New Israeli shekels (ILS) per US dollar - 3.5781 (2011)3.739 (2010 est.) 3.9323 (2009) 3.56 (2008) 4.14 (2007) Fiscal year
Calendar year
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Gaza Strip:
GPS points from Gaza Strip
Sheikha Amina Gaza Strip (general)
Nuzle Gaza Strip (general)
Baykat Abu Muddayn Gaza Strip (general)
Qa` Al Kharabah Gaza Strip (general)
Mukhayyam Dayr Al Balah Gaza Strip (general)
Nisanit Gaza Strip (general)
Sheikh Muhammad Al-yamani Gaza Strip (general)
Khirbat Al `adas Gaza Strip (general) |