unbekannter Gast

Gaza Strip: Economy#

Israeli security controls imposed since the end of the second intifada have degraded economic conditions in the Gaza Strip, the smaller of the two areas comprising the Palestinian territories. Israeli-imposed border closures, which became more restrictive after HAMAS seized control of the territory in June 2007, have resulted in high unemployment, elevated poverty rates, and a sharp contraction of the private sector that had relied primarily on export markets. Gazans increasingly turned to tunnels that ran under the Egyptian border to bring in fuel, construction materials, and consumer goods. In July 2013, Egyptian authorities began a serious crackdown on the tunnels, causing shortages in Gaza. The population depends on government spending - by both the Palestinian Authority and HAMAS's de facto government - and humanitarian assistance. Changes to Israeli restrictions on imports in 2010 resulted in a rebound in some economic activity, but regular exports from Gaza still are not permitted. Standard-of-living measures remain below levels seen in the mid-1990s.

Economic Facts#

GDP (purchasing power parity)see entry for West Bank
GDP - real growth ratesee entry for West Bank
GDP - per capita (PPP)see entry for West Bank
GDP - composition, by sector of originsee entry for West Bank
Population below poverty line38% (2010 est.)
Labor force - by occupationagriculture: 5.1%
industry: 15.6%
services: 79.3% (2010 est.)
Exports - commoditiesstrawberries, carnations, vegetables (small and irregular shipments, as permitted to transit the Israeli-controlled Kerem Shalom crossing)
Agriculture - productsolives, fruit, vegetables, flowers; beef, dairy products
Budgetsee entry for West Bank
Imports - commoditiesfood, consumer goods
note: Israel permits basic commercial imports through the Kerem Shalom crossing, but many "dual use" goods, such as construction materials and electronics, are smuggled through tunnels beneath Gaza's border with Egypt
Exchange ratesnew Israeli shekels (ILS) per US dollar -
3.621 (2012 est.)
3.5781 (2012 est.)
3.739 (2010 est.)
3.9323 (2009)
3.56 (2008)
Exports(2011 est.)
Debt - externalsee entry for West Bank
Fiscal yearcalendar year
Importssee entry for West Bank
Industriestextiles, food processing, furniture
Inflation rate (consumer prices)1.7% (2013 est.)
2.8% (2012 est.)
note: includes West Bank
Labor force348,200 (2010 est.)
Unemployment rate22.5% (2013 est.)
23% (2012 est.)
Current account balance(2011 est.)
Commercial bank prime lending ratesee entry for West Bank
Stock of domestic credit$1.248 billion (31 December 2013 est.)
$1.042 billion (31 December 2012 est.)
Stock of broad money$2.1 billion (31 December 2013 est.)
$1.814 billion (31 December 2012 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.)