Economy of the State of Palestine

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

Economy of Palestine
Palestine Monetary Authority
CurrencyNone de jure. Currencies generally used in Palestine include:
Calendar year
Trade organisations
OIC, Group of 77
Country group
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)
2.7% (June 2013)
Population below poverty line
25.8% (2011 est.)
  • 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.)
Unemployment27.5% (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
$4.2 billion (June 2013)
$1.3 billion (13% of GDP; 2012 est.)
Revenues$2.2 billion (2012 est.)
Expenses$3.54 billion (2012)
$464 million (march 2016) (163nd)

All values, unless otherwise stated, are in US dollars.
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