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Economic Outlook

The economic growth Increased in 2016 since the value of GDP and GDP per capita Increased compared with 2015, while unemployment rate decreased compared.

 

Palestinian Economic Indicators 2015-2016

Economic Indicator

2015

2016

Labor Force (million)

1,299

1,324

Inflation%

1.43

-0.22

GDP(million$)

7,719.3

13,269.7

GDP/Capita($)

2,863.9

2,922.9

Unemployment%

25.9

26.9

Exports(million$)

957,811

926,499

Imports(million$)

5,225,467

5,363,768

 


 Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2016) 

Economic Activity

Valuable contribution

Contribution rate

Agriculture, forestry and fishing

413.5

3.1

Mining, manufacturing, electricity and water

1,740.1

13.1

Construction

833.8

6.3

Wholesale and retail trade, repair of motor vehicles and motorcycles

2,404.1

18.1

Transportation and storage

262.2

2.0

Information and communication

542.1

4.1

Finance and Insurance Activities 495.3 3.7

Services and Other Activities

6,578.6

49.6

GDP

13,269.7

100.0

 

Value in Million USD


Percentage Contribution to GDP in Palestine at Constant Prices by Economic Activity (2016)