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Economic Outlook

The economic indicators for the year 2020 decreased compared to the previous year’s 2018-2019 because of the epidemic. A decrease is noticed in GDP, GDP per capita , and also exports and imports.

 

Palestinian Economic Indicators 2018-2020

Economic Indicator

2018

2019

2020

Labor Force (million)

1,382

1,357

1,291

Inflation%

-0.19

1.37

-0.73

GDP(million$)

15,616.2

15,829.0

14,037.4

GDP/Capita($)

3,417.7

3,378.3

2,922.5

Unemployment%

30.8

25.4

25.9

Exports(million$)

1,155.6

1,103.8

1,056.6

Imports(million$)

6,539.5

6,613.3

6,063.4

 

 

 Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2020) 

Economic Activity

Valuable contribution

Contribution rate

Agriculture, forestry and fishing

1,001.0

7

Mining, manufacturing, electricity and water

1,744.4

12

Construction

644.4

5

Wholesale and retail trade, repair of motor vehicles and motorcycles

2,644.6

19

Transportation and storage

221.9

2

Information and communication

484.2

3

Finance and Insurance Activities

639.7

5

Services and Other Activities*

6,657.2

47

GDP

14,037.4

100.0

 
  • Other services: Other Service Activities Public administration and defense Households with employed persons