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Economic Outlook

The economic indicators for 2019 have improved comparing to the previous years, 2017- 2018.  A positive growth of GDP is noticed, alongside the growth of GDP Per Capita.

 

Palestinian Economic Indicators 2017-2019

Economic Indicator

2017

2018

2019

Labor Force (million)

1,325

1,382

1,357

Inflation%

-0.22

-0.19

1.37

GDP(million$)

15,426.9

15,616.2

15,829.0

GDP/Capita($)

3463.1

3,417.7

3,378.3

Unemployment%

28.4

30.8

25.4

Exports(million$)

1,064.8

1,155.6

1,103.8

Imports(million$)

5,853.8

6,539.5

6,613.3

 
 

Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2019

Economic Activity

Valuable contribution

Contribution rate

Agriculture, forestry and fishing

1,100.7

7

Mining, manufacturing, electricity and water

2,074.7

13.1

Construction

889.1

5.6

Wholesale and retail trade, repair of motor vehicles and motorcycles

3,371.4

21.29

Transportation and storage

270.6

1.7

Information and communication

632.2

4

Finance and Insurance Activities

489.7

3.09

Services and Other Activities*

7,000.6

44.22

GDP

15,829.0

100.0

 
  • Other services: Other Service Activities Public administration and defense Households with employed persons
  • Value in Million USD


Percentage Contribution to GDP at constant Prices by Economics Activity (2019)