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PCBS | PCBS: The Preliminary Estimates of Quarterly National Accounts, First Quarter, 2022

 

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 1st quarter 2022 compared to 1st quarter 2021

 

Primary estimates for GDP at constant prices showed an increase of 6% in Palestine during the 1st quarter 2022 compared to the 1st 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 1st quarter 2022 compared to the 4th quarter 2021 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 1st 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 1st 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 1st quarter 2022, it showed an increase by 3% during the 1st quarter 2022 compared to the parallel quarter 2021, while for Gaza Strip it was USD 313 during the 1st quarter 2022, and it showed an increase by 3% during the 1st quarter 2022 compared to the parallel quarter 2021.

 

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


 


 

[1] The data excluded those parts of Jerusalem which were annexed by Israeli Occupation in 1967

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