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The Occupied Palestinian Territories

Country Report 2017 - Includes The Occupied Palestinian Territories real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Occupied Palestinian Territories economic outlook, debt to GDP ratio, international trade performance and population trends.

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Central bank

Palestine Monetary Authority

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International Reserves

USD 0.6 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

West Bank:  USD 9.8 billion (2014 estimate)
Gaza: USD 2.9 billion (2014 estimate)

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GDP (Purchasing Power Parity)

Intl$ 21.2 billion (2014 estimate)

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Real GDP Growth
2013 2014 2015 2016 2017
West Bank: 1%* / Gaza: 5.6% West Bank: 5.3%* / Gaza: -15.2%* N/A N/A N/A

*Estimate

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GDP per capita - current prices

N/A

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GDP per capita - PPP

Intl$ 4,300 (2014 estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017
N/A N/A N/A N/A N/A
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GDP - composition by sector

Gaza: 

  • agriculture: 3.3%
  • industry: 21.7%
  • services: 61.9% (2016 estimate)

West Bank:

  • agriculture: 3.5%
  • industry: 25.2%
  • services: 71.4% (2014 estimate)
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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2013* 2014* 2015* 2016* 2017
West Bank:
3.1%		 West Bank:
1.2.%		 Gaza:
1.4%		 Gaza:
​0.1%		 N/A

*Estimate

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Unemployment rate
2013* 2014* 2015* 2016* 2017
West Bank:
18.6%		 West Bank:
​17.7%		 Gaza:
25.9%		 Gaza:
​26.1%		 N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2013* 2014* 2015 2016 2017
West Bank:
23.8%		 West Bank:
​24.4%		 N/A N/A N/A

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014* 2015 2016 2017
N/A West Bank: -13.5% N/A N/A N/A

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

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

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Market value of publicly traded shares
2013* 2014* 2015*
USD 3.2 billion USD 3.2 billion USD 3.3 billion
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Largest companies

N/A

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Current account balance

N/A

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Current account balance by percentage of GDP

West Bank: USD 2.1 billion 
Gaza: USD 2.9 billion (2014 estimate)

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

18.3% (2015)

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Shares in world total merchandising export

N/A

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Shares in world total commercial services export

N/A

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Total exports

West Bank:  USD 937.4 million (2014 estimate) 
Gaza: USD 1.37 billion (2016 estimate)

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Export commodities

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

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

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Total imports

West Bank:  USD 5.7 billion (2014 estimate)

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Import commodities

West Bank: food, consumer goods, construction materials, petroleum, chemicals.

Gaza Strip: food, consumer goods, fuel. 

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Exports - major partners

N/A

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Imports - major partners

N/A

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FDI inflows
2013 2014 2015
USD 176 million USD 160 million USD 120 million
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FDI outflows
2013 2014 2015
USD -48 million USD 188 million USD 185 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

N/A

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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: 140 out of 190 countries (2017)

Subcategories:

Starting a business: 169 out of 190 countries

Enforcing Contracts: 122 out of 190 countries

Registering Property: 93 out of 190 countries

Getting Credit: 118 out of 190 countries

Protecting Minority Investors: 158 out of 190 countries

Trading Across Borders: 99 out of 190 countries

Paying Taxes: 101 out of 190 countries

Dealing with Construction Permits: 157 out of 190 countries

Getting Electricity: 70 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

N/A

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Time zone

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

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Total area

6,220 sq km

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Capital

N/A

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Currency

New Israeli shekels (ILS)

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Government type

N/A

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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)

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Religions

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

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

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Total population

West Bank:  2,697,687 (Palestinian population only) (2016 estimate)
Gaza:  1,753,327 (2016 estimate) 

Note: approximately 385,900 Israeli settlers live in the West Bank; approximately 201,200 Israeli settlers live in East Jerusalem (2014).

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Urban population as % of total population
1960 1980 2000 2015
56.8% 62.5% 72% 75.3%
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Population median age

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

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Population growth rate

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

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Life expectancy

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

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Adult literacy

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

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% of population living on less than $3.10 a day

0.9% (2009)

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Inequality of wealth distribution (Gini index)

34.5 (2009)

(0=perfect equality, 100=absolute inequality)

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Freedom House rating

N/A

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Total telephone subscribers as % of population

Fixed 8.5%   Mobile 77.6% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

57.4% (2015)

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Mercer Cost of living index

N/A

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CO2 emissions

0.6 (2013)

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World's Best Subcustodian Banks

2004
2003

World's Best Banks By Region

2013
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