عربي
Palestinian Central Bureau of Statistics (PCBS)
The Preliminary Estimates of Quarterly National Accounts,
Third Quarter, 2024
Main Results[1]
Sharp decline in the gross domestic product in Palestine by 31%, in light of the sharp contraction in the gross domestic product in Gaza Strip during the third quarter of 2024 by 87% compared to the corresponding quarter of 2023, as a result of the ongoing Israeli aggression against Palestine.
This was accompanied by a decline in the West Bank economy by 19%
Primary estimates for GDP showed a decrease of Gross Domestic Product in Palestine by 31% during the 3rd quarter of 2024 compared to the 3rd quarter of 2023, All economic activities recorded a sharp decline in value-added, as Mining, Manufacturing, Electricity and Water activity declined by 35% in Palestine (28% West Bank, 95% Gaza Strip), Construction activity by 51% (38% West Bank, 99% Gaza Strip), agriculture, forestry and fishing activity by 27% (4% West Bank, 93% Gaza Strip), Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles activity by 22% (10% West Bank, 96% Gaza Strip). GDP for the 3rd quarter of 2024 was USD 2,717 million for the West Bank and USD 91 million for the Gaza Strip.
Gross Domestic Product Per Capita decreased by one third during the 3rd quarter of 2024
GDP per Capita for Palestine was USD 533 during the 3rd quarter of 2024, which showed a decrease of 32% compared to the 3rd quarter of 2023. As for the West Bank, it showed a decrease of 21% compared to the 3rd quarter of 2023, while Gaza Strip showed a decrease of 87% compared to the 3rd quarter of 2023.
GDP by quarter in Palestine at Constant Prices, 2021-2024
