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Economic Outlook

The economic indicators for 2017 have improved comparing to the previous year, 2016.  A positive growth of GDP is noticed, alongside the growth of GDP Per Capita, and an increase of exports.

 

Palestinian Economic Indicators 2016-2017

Economic Indicator

2016

2017

Labor Force (million)

1,324

1,325

Inflation%

-0.21

-0.22

GDP(million$)

13,269.7

13,686.4

GDP/Capita($)

2,922.9

3,072.4

Unemployment%

26.9

28.4

Exports(million$)

926,499

1,064,884

Imports(million$)

5,363,768

5,853,850

 
 


 Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2017) 

 

Economic Activity

Valuable contribution

Contribution rate

Agriculture, forestry and fishing

383.2

2.8

Mining, manufacturing, electricity and water

1779.2

13

Construction

889.6

6.5

Wholesale and retail trade, repair of motor vehicles and motorcycles

2614.1

19.1

Transportation and storage

273.7

2

Information and communication

506.4

3.7

Finance and Insurance Activities

533.8

3.9

Services and Other Activities

6706.3

49

GDP

13,686.4

100.0

 

Value in Million USD


Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2016)