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| Economy - overview: |
'As a result of Israeli restrictions imposed both within the West Bank and Gaza Strip and on Palestinian external economic relations since the start of the Intifada in September 2000, the economy has been fragmented, significant damage has been done to infrastructure, and economic activity and incomes have contracted very sharply. Levels of poverty have increased dramatically, and much of the population is now dependent on food aid. |
| GDP: |
US$3.8bn (1998), falling to US$3.0 billion (2002) |
| GDP - per capita: |
US$1410 (1998), falling to US$940 (2002) |
| GDP - composition by sector: |
agriculture: 3% industry: 30% services: 67% (2001 est.) |
Gross National Income (includes income
earned outside Palestine): |
$5.4bn (1998), falling to $3.0bn (2002) |
GNI per head: |
$1960 (1998), falling to $930 (2002) |
Currency: |
No official currency. New Israeli Shekel, Jordanian Dinar (West Bank Only) commonly used |
Annual Growth: |
-19.1% (2002) |
| Poverty: |
20% (1999), rising to 59% (2002) |
| Industries: |
small family businesses producing construction materials, textiles and metal goods |
© Copyright 2007 John Ross
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