Palestinian Central Bureau of Statistics (PCBS) Main Results
Gross Domestic Product (GDP) at constant prices decreased by 1.6% in the West Bank* and 3.5% in Gaza Strip during the 2nd quarter 2019 compared to
the 1st quarter 2019
Preliminary estimates at constant prices showed a decrease of 2% in Palestine* during the 2nd quarter 2019 compared to the 1st quarter 2019 at constant prices, (mainly in Agriculture and fishing, Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles, Transportation and Storage, Information and Communication, Public Administration and Defense).
On the other hand, it showed an increase of 2.5% in GDP in Palestine* during the 2nd quarter 2019 compared to the 2nd quarter 2018 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 2nd quarter 2019 at constant prices was USD 2,754 million for the West Bank* and USD 681 million for Gaza Strip.
Decrease in Gross Domestic Product Per Capita
GDP per Capita for Palestine* at constant prices was USD 736 during the 2nd quarter 2019, it showed a decrease of 2.6% compared to the 1st quarter 2019. As for the West Bank* it was USD 1,025 at constant prices during the 2nd quarter 2019, it showed a decrease by 2.2% during the 2nd quarter 2019 compared to the 1st quarter 2019, while for Gaza Strip it was USD 343 during the 2nd quarter 2019, and it showed a decrease by 4.2% during the 2nd quarter 2019 compared to the 1st quarter 2019.