unbekannter Gast

West Bank: Economy#

The West Bank - the larger of the two areas comprising the Palestinian territories - has sustained a moderate rate of economic growth since 2008. Inflows of donor aid and government spending have driven most of the gains, however. Private sector development has been weak. After a multiyear downturn following the start of the second intifada in 2000, overall standard-of-living measures have recovered and now exceed levels seen in the late 1990s. Despite the Palestinian Authority's (PA) successful implementation of economic and security reforms and the easing of some movement and access restrictions by the Israeli Government, Israeli closure policies continue to disrupt labor and trade flows, industrial capacity, and basic commerce, eroding the productive capacity of the West Bank economy. The biggest impediments to economic improvements in the West Bank remain Palestinians' inability to access land and resources in Israeli-controlled areas, import and export restrictions, and a high-cost capital structure. The PA for the foreseeable future will continue to rely heavily on donor aid for its budgetary needs, and West Bank economic activity will depend largely on the PA's ability to attract such aid.

Economic Facts#

GDP (purchasing power parity)$8.022 billion (2011 est.)
$7.589 billion (2010 est.)
$7.106 billion (2009 est.)
note: data are in 2011 US dollars; includes Gaza Strip
GDP - real growth rate5.7% (2011 est.)
6.8% (2010 est.)
7% (2009 est.)
note: includes Gaza Strip
GDP - per capita (PPP)$2,900 (2008 est.)
note: includes Gaza Strip
GDP - composition, by sector of originagriculture: 4.2%
industry: 17.9%
services: 77.9%
note: includes Gaza Strip (2012 est.)
Population below poverty line18.3% (2010 est.)
Household income or consumption by percentage sharelowest 10%: 3.2%
highest 10%: 28.2% (2009 est.)
Labor force - by occupationagriculture: 16.1%
industry: 28.4%
services: 55.5%
note: includes Gaza Strip (2010 est.)
Exports - commoditiesstone, olives, fruit, vegetables, limestone
Agriculture - productsolives, citrus fruit, vegetables; beef, dairy products
Budgetrevenues: $2.1 billion
expenditures: $3.2 billion
note: includes Palestinian Authority expenditures in the Gaza Strip (2011 est.)
Imports - commoditiesfood, consumer goods, construction materials, petroleum, chemicals
Exchange ratesnew Israeli shekels (ILS) per US dollar -
3.621 (2013 est.)
3.856 (2012 est.)
3.73 (2010)
3.932 (2009)
3.588 (2008)
Exports$666.1 million (2010 est.)
$846.1 million (2011 est.)
note: includes Gaza Strip
Debt - external$NA (2010 est.)
$1.3 billion (2007 est.)
note: data include the Gaza Strip
Fiscal yearcalendar year
Imports$5.474 billion (2011 est.)
$4.319 billion (2010 est.)
note: data include the Gaza Strip
Industrial production growth rate3% (2013 est.)
Industriessmall-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs
Inflation rate (consumer prices)1.7% (2013 est.)
2.8% (2012 est.)
note: includes Gaza Strip
Labor force1.025 million (2013 est.)
Unemployment rate22.5% (2013 est.)
23% (2012 est.)
Current account balance-$2.1 billion (2011 est.)
-$690.7 million (2010 est.)
GDP (official exchange rate)$6.641 billion
note: includes Gaza Strip (2008 est.)
Market value of publicly traded shares$2.634 billion (31 December 2012 est.)
$2.532 billion (31 December 2011)
$2.45 billion (31 December 2010 est.)
Commercial bank prime lending rate6.8% (31 December 2013 est.)
6.97% (31 December 2012 est.)
Stock of domestic credit$1.248 billion (31 December 2013 est.)
$1.042 billion (31 December 2012 est.)
Stock of narrow money$232.2 million (31 December 2013 est.)
$180.2 million (31 December 2012 est.)
Stock of broad money$9.301 billion (31 December 2013 est.)
$8.143 billion (31 December 2012 est.)
Taxes and other revenues31.6% of GDP (2011 est.)
Budget surplus (+) or deficit (-)-16.6% of GDP (2011 est.)
GDP - composition, by end usehousehold consumption: 99.5%
government consumption: 29.5%
investment in fixed capital: 18%
investment in inventories: 0%
exports of goods and services: 14.9%
imports of goods and services: -62%
(2013 est.)