| People | Gaza Strip |
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Economy - overview:
|
High population density, limited land access, and strict internal and external security controls have kept economic conditions in the Gaza Strip - the smaller of the two areas under the Palestinian Authority (PA)- even more degraded than in the West Bank. The beginning of the second intifadah in September 2000 sparked an economic downturn, largely the result of Israeli closure policies; these policies, which were imposed to address security concerns in Israel, disrupted labor and trade access to and from the Gaza Strip. In 2001, and even more severely in 2003, Israeli military measures in PA areas resulted in the destruction of capital, the disruption of administrative structures, and widespread business closures. The Israeli withdrawal from the Gaza Strip in September 2005 offered some medium-term opportunities for economic growth, but continued Israeli-imposed crossings closures, which became more restrictive after Hamas violently took over the territory in June 2007, have resulted in widespread private sector layoffs and shortages of most goods. |
GDP (purchasing power parity):
|
$5.034 billion (includes West Bank) (2006 est.) |
GDP (official exchange rate):
|
$5.328 billion (includes West Bank) (2006 est.) |
GDP - real growth rate:
|
-8% (includes West Bank) (2006 est.) |
GDP - per capita (PPP):
|
$1,100 (includes West Bank) (2006 est.) |
GDP - composition by sector:
|
agriculture: 8%
industry: 13%
services: 79% (includes West Bank) (2006 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
80% (2007 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
3.6% (includes West Bank) (2006) |
Labor force:
|
267,000 (2006) |
Labor force participation rate:
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17.37 % of population |
Labor force - by occupation:
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agriculture: 12%
industry: 18%
services: 70% (2005) |
Unemployment rate:
|
34.8% (2006) |
Budget:
|
revenues: $1.149 billion
expenditures: $2.31 billion
note: includes West Bank (2006) |
Budget revenues per capita:
|
748 USD per capita |
Public debt:
|
void |
Industries:
|
generally small family businesses that produce textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs; the Israelis had established some small-scale modern industries in an industrial center, but operations ceased prior to Israel's evacuation of Gaza Strip settlements |
Industrial production growth rate:
|
2.4% (includes West Bank) (2005) |
Electricity - production:
|
140,000 kWh (2005) |
Electricity - production per capita:
|
1 kWh per capita |
Electricity - consumption:
|
230,000 kWh (2005) |
Electricity - consumption - per capita:
|
1 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
90,000 kWh; note - from Israeli Electric Company (2005) |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
olives, citrus, vegetables; beef, dairy products |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$301 million f.o.b.; (includes West Bank) (2005) |
Exports per capita:
|
196 USD per capita |
Exports - commodities:
|
citrus, flowers, textiles |
Exports - partners:
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Israel, Egypt, West Bank (2006) |
Imports:
|
$2.44 billion c.i.f.; (includes West Bank) (2005) |
Imports per capita:
|
1,588 USD per capita |
Imports - commodities:
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food, consumer goods, construction materials |
Imports - partners:
|
Israel, Egypt, West Bank (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$NA |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
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$1.4 billion; (includes West Bank) (2006 est.) |
Economic aid - recipient per capita:
|
911 USD per capita |
Currency (code):
|
new Israeli shekel (ILS) |
Exchange rates:
|
new Israeli shekels per US dollar - 4.14 (2007), 4.4565 (2006), 4.4877 (2005), 4.482 (2004), 4.5541 (2003) |
Fiscal year:
|
calendar year |
|
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