| Economy | Gaza Strip |
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Economy - 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 - per capita (PPP):
|
See entry for West Bank |
GDP (official exchange rate):
|
void |
GDP - real growth rate:
|
See entry for West Bank |
GDP - composition by sector:
|
see entry for West Bank (2011 est.) |
Investment (gross fixed):
|
18.9% of GDP (2011 est.) |
Population below poverty line:
|
38% (2010 est.) |
Household income or consumption by percentage share:
|
void |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
5% (2011 est.)
6% (2010 est.)
note: includes West Bank |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
see entry for West Bank |
Stock of money:
|
see entry for West Bank |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
$1.503 billion (31 December 2011 est.)
$1.353 billion |
Stock of domestic credit - per capita:
|
907 USD per capita |
Stock of narrow money:
|
$379.8 million
$232.6 million |
Stock of broad money:
|
$6.674 billion
$6.674 billion |
Labor force:
|
348,200 (2010) |
Labor force participation rate:
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21.01 % of population |
Labor force - by occupation:
|
agriculture: 5.1%
industry: 15.6%
services: 79.3% (2010 est.) |
Unemployment rate:
|
40% (2010 est.)
40% (2009 est.) |
Unemployment, youth ages 15-24:
|
void |
Budget:
|
see entry for West Bank |
Budget revenues per capita:
|
void |
Taxes and other revenues:
|
void |
Budget surplus (+) or deficit (-):
|
void |
Public debt:
|
void |
Industries:
|
textiles, food processing, furniture |
Industrial production growth rate:
|
see entry for West Bank |
Electricity - production:
|
51,000 kWh (2011 est.) |
Electricity - production per capita:
|
1 kWh per capita |
Electricity - consumption:
|
202,000 kWh (2009) |
Electricity - consumption - per capita:
|
1 kWh per capita |
Electricity - exports:
|
0 kWh (2011 est.) |
Electricity - imports:
|
193,000 kWh (2011 est.) |
Oil - production:
|
See entry for West Bank |
Oil - production per capita:
|
void |
Oil - consumption:
|
See entry for West Bank |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
See entry for West Bank |
Oil - imports:
|
See entry for West Bank |
Oil - proved reserves:
|
0 bbl (1 January 2010 est.) |
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:
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olives, fruit, vegetables, flowers; beef, dairy products |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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void |
Exports per capita:
|
void |
Exports - commodities:
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strawberries, carnations, vegetables |
Exports - partners:
|
void |
Imports:
|
see entry for West Bank |
Imports per capita:
|
void |
Imports - commodities:
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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 |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
see entry for West Bank |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
void |
Market value of publicly traded shares - per capita:
|
void |
Currency (code):
|
new Israeli shekel (ILS) |
Exchange rates:
|
new Israeli shekels (ILS) per US dollar -
3.532 (2011)
1 (2010 est.)
3.9323 (2009)
3.56 (2008)
4.14 (2007) |
Fiscal year:
|
calendar year |
|
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