Economy of the State of Palestine

Economy of Palestine
	Palestine Monetary Authority
Currency	None de jure. Currencies generally used in Palestine include: Israeli new shekel (ILS; ₪) alongside:; Jordanian dinar (JOD); United States dollar (USD); Egyptian pound (EGP);
Fiscal year	Calendar year
Trade organisations	OIC, Group of 77
Country group	Developing/Emerging; Lower-middle income economy;
Statistics
Population	4,569,087 (2018)
GDP	$10 billion (2012 est.)
GDP growth	1.2% (2017) 0.9% (2018); −2.5% (2019e) 2.1% (2020f);
GDP per capita	$1924 (West Bank); $876 (Gaza);
GDP by sector	agriculture: 5.5%; industry: 23.4%; services: 71.1%; (2014 UN data);
Inflation (CPI)	2.7% (June 2013)
Population below poverty line	25.8% (2011 est.)
Human Development Index	0.690 medium (2018) (119th); 0.597 medium IHDI (2018);
Labour force	1,316,023 (2019); 32.0% employment rate (2018);
Labour force by occupation	Agriculture: 12%; Industry: 23%; Services: 65%; (2008 est.);
Unemployment	27.5% (Q1 2013)
Main industries	Cement, quarrying, textiles, soap, olive-wood carvings, mother-of-pearl souvenirs, food processing
External
Exports	$720 million (2011)
Export goods	Olives, fruit, vegetables, limestone, citrus, flowers, textiles
Imports	$4.2 billion (2011)
Import goods	Food, consumer goods, construction materials
Public finances
Government debt	$4.2 billion (June 2013)
Budget balance	$1.3 billion (13% of GDP; 2012 est.)
Revenues	$2.2 billion (2012 est.)
Expenses	$3.54 billion (2012)
Foreign reserves	$464 million (march 2016) (163nd)
	; All values, unless otherwise stated, are in US dollars.

The economy of the State of Palestine refers to the economic activity of the State of Palestine.

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