Palestinian Central Bureau of Statistics (PCBS)

Main Results[1]

Preliminary Estimates of Quarterly National Accounts ,First Quarter 2022

Gross Domestic Product (GDP) at constant prices increased by 6% In Palestine during the 1^st quarter 2022 compared to 1^st quarter 2021

Primary estimates for GDP at constant prices showed an increase of 6% in Palestine during the 1^st quarter 2022 compared to the 1^st quarter 2021 at constant prices, mainly in Transportation and Storage 19%, Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles 10%, Mining, Manufacturing, Electricity and Water 4%, Services 4%, Financial and Insurance Activities 3%, Construction 2%, Public Administration and Defense 1%.

On the other hand, it showed a decrease of 3% in GDP in Palestine during the 1^st quarter 2022 compared to the 4^th quarter 2021 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 1^st quarter 2022 at constant prices was USD 3,147 million for the West Bank and USD 670 million for Gaza Strip.   

 Increase in Gross Domestic Product Per Capita

GDP per Capita for Palestine at constant prices was USD 762 during the 1^st quarter 2022, it showed an increase of 3% compared to the parallel quarter 2021. As for the West Bank it was USD 1,098 at constant prices during the 1^st quarter 2022, it showed an increase by 3% during the 1^st quarter 2022 compared to the parallel quarter 2021, while for Gaza Strip it was USD 313 during the 1^st quarter 2022, and it showed an increase by 3% during the 1^st quarter 2022 compared to the parallel quarter 2021.

GDP by quarter in Palestine at Constant Prices, 2018-2022