Middle East Oil & Gas: Iranian Win?

MIDDLE EAST 2014 SUPPLEMENT By Ronald Fink Some analysts think the Ukrainian crisis could help improve prospects for Middle Eastern oil producers—pushing up prices and driving development of recent finds as a result. The crisis in Ukraine sent global energy ...

 
 
Source
Central bank

Palestine Monetary Authority

International Reserves

USD 0.70 billions (2020)

International Monetary Fund (IMF), data retrieved January 2022

Gross Domestic Product - GDP

USD 17.34 billion (2021 estimate)

IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 29.57 billion (2021 estimate)

IMF - World Economic Outlook, October 2021

Real GDP Growth
2017 2018 2019 2020 2021
1.4% 1.2% 1.4 –11.5% 4.4%

*Estimate

GDP per capita - current prices

USD 3,320.85 (2021 estimate)

GDP per capita - PPP

USD 5,662.06 (2021 estimate)

GDP (PPP) - share of world total

N/A

 
 
Source
GDP - composition by sector
  • agriculture: 7.1% 
  • industry: 17% 
  • services: 60.6%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2017 2018 2019 2020* 2021*
0.2% –0.2% 1.6% –0.7% 1.3%

*Estimate

Unemployment rate
2017 2018 2019 2020* 2021*
25.5% 26.3% 25.4% 25.9% 25.6%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020* 2021*
31.8% 33.1% 34.5% 47.2% 44.7%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

N/A

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
USD 3.4 billion (2020)
Largest companies

N/A

 
 
Source
Current account balance

USD -1.6 billion (2021 estimate)

IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

-9.5% (2021 estimate)

IMF - World Economic Outlook, October 2021

Exports as percent of GDP (Exports of goods and services)

16% (2020)

World Bank - World Development Indicators (updated Feb 2022)

Shares in world total merchandising export

0.01% (2020)

Shares in world total commercial services export

0.01% (2020)

Total exports

USD 2.9 billion (2020 estimate)​

Export commodities

Gaza Strip: Strawberries, carnations, vegetables, fish (small and irregular shipments, as permitted to transit the Israeli-controlled Kerem Shalom crossing)

West Bank: Stone, olives, fruit, vegetables, limestone

Total imports

USD 8.7 billion (2020 estimate)

 
 
Source
Import commodities

Gaza Strip : Food, consumer goods, fuel

West Bank: Food, consumer goods, construction materials, petroleum, chemicals

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2018 2019 2020
USD 252 million USD 132 million USD 52 million
FDI outflows
2018 2019 2020
USD 31 million USD 56 million USD 61 million
Value of cross-border M&A, by country of purchaser

N/A

Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 117 out of 190 countries (2017)

Subcategories:

Starting a business: 173 out of 190 countries

Enforcing Contracts: 123 out of 190 countries

Registering Property: 91 out of 190 countries

Getting Credit: 25 out of 190 countries

Protecting Minority Investors: 114 out of 190 countries

Trading Across Borders: 54 out of 190 countries

Paying Taxes: 112 out of 190 countries

Dealing with Construction Permits: 148 out of 190 countries

Getting Electricity: 86 out of 190 countries

Resolving Insolvency: 168 out of 190 countries

World Bank - Doing Business 2020

Global competitiveness ranking

N/A

Index of Economic Freedom

N/A

 
 
Source
Time zone

UTC+2 (Based on Egypt, Israel time zone)

Total area

6,220 sq km

Capital

N/A

Currency

New Israeli shekels (ILS)

Government type

N/A

Languages

West Bank: Arabic, Hebrew (spoken by Israeli settlers and many Palestinians), English (widely understood)

Gaza Strip: Arabic, Hebrew (spoken by many Palestinians), English (widely understood)

Religions

West Bank: Muslim 80-85% (predominantly Sunni), Jewish 12-14%, Christian 1-2.5% (mainly Greek Orthodox), other, unaffiliated, unspecified <1% (2012 est.)

Gaza Strip: Muslim 98.0 - 99.0% (predominantly Sunni), Christian <1.0%, other, unaffiliated, unspecified <1.0% (2012 est.)

Total population
1960 1980 2000 2020
35.1% 42.4% 42.7% 40.8%
 
 
Source
Urban population as % of total population
1960 1980 2000 2015
56.8% 62.5% 72% 75.3%
Population median age

West Bank: 20.8 years (2016 estimate)
Gaza Strip: 16.9 years (2016 estimate) 

Population growth rate

West Bank: 1.86% (2016 estimate)
Gaza Strip: 2.39% (2016 estimate)

Life expectancy

West Bank: 75 years (2016 estimate)
Gaza Strip: 73.9 years (2016 estimate)

Adult literacy

 96.5% (age 15 and over can read and write, 2015 estimate)

% of population living on less than $3.10 a day

0.9% (2009)

Inequality of wealth distribution (Gini index)

34.5 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

N/A

Source
Total telephone subscribers as % of population

Fixed 8.5%  

Mobile 77.6% (2015)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

57.4% (2015)

Mercer Cost of living index

N/A

CO2 emissions

0.6 (2013)

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