!!!West Bank: Economy
Israeli-Palestinian violence in 2015 exacerbated challenges to economic growth in the West Bank - the larger of the two areas comprising the Palestinian Territories. Increased security restrictions and political instability slowed economic activity, and Israel’s four-month withholding of taxes and other fees it collects on the Palestinian Authority’s (PA) behalf caused the PA to delay salary payments to its employees, which in turn had broader effects on business activity and consumer demand. \\  \\ Longstanding Israeli closure policies continue to disrupt labor and trade flows and the territory’s industrial capacity, limit imports and exports, and constrain private sector development. The PA for the foreseeable future will continue to rely heavily on donor aid for its budgetary needs and economic activity.
!!Economic Facts
||GDP (purchasing power parity)|$21.22 billion (2014 est.) \\ $20.15 billion (2013 est.) \\ $19.95 billion (2012 est.) \\ ''__note__'': data are in 2014 US dollars; includes Gaza Strip \\ 
||GDP (official exchange rate)|$9.828 billion (2014 est.) \\ ''__note__'': excludes Gaza Strip \\ 
||GDP - real growth rate|5.3% (2014 est.) \\ 1% (` est.) \\ 6% (2012 est.) \\ ''__note__'': excludes Gaza Strip \\ 
||GDP - per capita (PPP)|$4,300 (2014 est.) \\ $4,400 (2013 est.) \\ $4,600 (2012 est.) \\ ''__note__'': includes Gaza Strip \\ 
||Gross national saving|7.8% of GDP (2014 est.) \\ 9.5% of GDP (2013 est.) \\ 5% of GDP (2012 est.) \\ ''__note__'': includes Gaza Strip \\ 
||GDP - composition, by end use|''household consumption'': 85.7% \\ ''government consumption'': 21.9% \\ ''investment in fixed capital'': 26% \\ ''investment in inventories'': 2.3% \\ ''exports of goods and services'': 24.5% \\ ''imports of goods and services'': -60.4% \\  \\ ''__note__'': excludes Gaza Strip (2014 est.) \\ 
||GDP - composition, by sector of origin|''agriculture'': 3.5% \\ ''industry'': 25.2% \\ ''services'': 71.4% \\  \\ ''__note__'': excludes Gaza Strip (2014 est.) \\ 
||Agriculture - products|olives, citrus fruit, vegetables; beef, dairy products
||Industries|small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs
||Industrial production growth rate|-1.7% \\ ''__note__'': includes Gaza Strip (2015 est.) \\ 
||Labor force|828,000 \\ ''__note__'': excludes Gaza Strip (2015 est.) \\ 
||Labor force - by occupation|''agriculture'': 11.5% \\ ''industry'': 34.4% \\ ''services'': 54.1% \\  \\ ''__note__'': excludes Gaza Strip (2013 est.) \\ 
||Unemployment rate|17.7% (2014 est.) \\ 18.6% (2013 est.) \\ ''__note__'': excludes Gaza Strip \\ 
||Population below poverty line|18% (2011 est.)
||Household income or consumption by percentage share|''lowest 10%'': 3.2% \\ ''highest 10%'': 28.2% \\  \\ ''__note__'': includes Gaza Strip (2009 est.) \\ 
||Distribution of family income - Gini index|34.5 (2009 est.) \\ 38.7 (2007 est.) \\ ''__note__'': includes Gaza Strip \\ 
||Budget|''revenues'': $2.75 billion \\ ''expenditures'': $4.077 billion \\  \\ ''__note__'': includes Palestinian Authority expenditures in the Gaza Strip (2014 est.) \\ 
||Taxes and other revenues|28% of GDP (2014 est.)
||Budget surplus (+) or deficit (-)|-13.5% of GDP (2014 est.)
||Public debt|24.4% of GDP (2014 est.) \\ 23.8% of GDP (2013 est.)
||Fiscal year|calendar year
||Inflation rate (consumer prices)|1.2% (2014 est.) \\ 3.1% (2013 est.) \\ ''__note__'': excludes Gaza Strip \\ 
||Commercial bank prime lending rate|7% (31 December 2016 est.) \\ 6.8% (31 December 2015 est.)
||Stock of narrow money|$317.7 million (31 December 2016 est.) \\ $265.5 million (31 December 2015 est.)
||Stock of broad money|$2.424 billion (31 December 2016 est.) \\ $2.273 billion (31 December 2015 est.)
||Stock of domestic credit|$1.551 billion (31 December 2016 est.) \\ $1.418 billion (31 December 2015 est.)
||Market value of publicly traded shares|$3.339 billion (31 December 2015 est.) \\ $3.187 billion (31 December 2014 est.) \\ $3.247 billion (31 December 2013 est.)
||Current account balance|-$2.149 billion (2014 est.) \\ -$2.383 billion (2013 est.)
||Exports|$937.4 million (2014 est.) \\ $1.692 billion (2013 est.) \\ ''__note__'': excludes Gaza Strip \\ 
||Exports - commodities|stone, olives, fruit, vegetables, limestone
||Imports|$5.683 billion (2014 est.) \\ $6.261 billion (2013 est.) \\ ''__note__'': data include the Gaza Strip \\ 
||Imports - commodities|food, consumer goods, construction materials, petroleum, chemicals
||Debt - external|$1.662 billion (31 March 2016 est.) \\ $1.467 billion (31 March 2015 est.) \\ ''__note__'': data include the Gaza Strip \\ 
||Exchange rates|new Israeli shekels (ILS) per US dollar - \\ 3.89 (2015 est.) \\ 3.89 (2014 est.) \\ 3.578 (2014 est.) \\ 3.578 (2013 est.) \\ 3.86 (2012 est.)