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 0.6 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

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

GDP (Purchasing Power Parity)

Intl$ 21.2 billion (2014 estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011
N/A N/A N/A N/A N/A N/A
2012 2013 2014 2015 2016 2017
Gaza: 7% 
West Bank:
6%* 
Gaza: 5.6%
West Bank:
1%*
Gaza: -15.2%* 
West Bank:
​5.3%*
N/A N/A N/A

*Estimate

GDP per capita - current prices

N/A

GDP per capita - PPP

Intl$ 4,300 (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017
N/A N/A N/A N/A N/A
 
 
Source
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)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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

*Estimate

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

*Estimate

Household saving rates

N/A

 

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

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

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
2013* 2014* 2015*
USD 3.2 billion USD 3.2 billion USD 3.3 billion
Largest companies

N/A

 
 
Source
Current account balance

N/A

Current account balance by percentage of GDP

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

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

18.3% (2015)

Shares in world total merchandising export

N/A

Shares in world total commercial services export

N/A

Total exports

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

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). 

Total imports

West Bank:  USD 5.7 billion (2014 estimate)

 
 
Source
Import commodities

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

Gaza Strip: food, consumer goods, fuel. 

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2013 2014 2015
USD 176 million USD 160 million USD 120 million
FDI outflows
2013 2014 2015
USD -48 million USD 188 million USD 185 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A 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: 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

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%

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

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).

 
 
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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