Preliminary Estimates of Quarterly National Accounts,  Fourth Quarter 2020

Main Results[1]

 Gross Domestic Product (GDP) at constant prices decreased by 4.6% in  the West Bank and 6.1% in Gaza Strip during the 1^st quarter 2020 compared to the 4^th quarter 2019

 Estimates at constant prices showed a decrease of 4.9% in Palestine during the 1^st quarter 2020 compared to the 4^th quarter 2019 at constant prices, (mainly in Agriculture and fishing by 9%, Mining, Manufacturing, Electricity and Water 9%, Construction 21%, Information and Communication 5%, Public Administration and Defense by 6%). 

 On the other hand, it showed a decrease of 3.4% in GDP in Palestine during the 1^st quarter 2020 compared to the 1^st quarter 2019 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 1^st quarter 2020 at constant prices was USD 3,150 million for the West Bank and USD 670 million for Gaza Strip.

It worth mentioning that at this quarter the emergency plan was announced  in the West Bank as of March 5^th 2020. This emergency started when Bethlehem Governorate recorded the first infection cases of Covid-19 virus, and followed by the government decree that restricts the movement between governorates and cities on March 22^nd 2020.

 Decrease in Gross Domestic Product Per Capita

GDP per Capita for Palestine at constant prices was  USD 802 during the 1^st quarter 2020, it showed a decrease of 6% compared to the 4^th quarter 2019. As for the West Bank it was USD 1,151 at constant prices during the 1^st quarter 2020, it showed a decrease by 5% during the 1^st quarter 2020 compared to the 4^th quarter 2019, while for Gaza Strip it was USD 331 during the 1^st quarter 2020, and it showed a decrease by 7% during the 1^st quarter 2020 compared to the 4^th quarter 2019.

GDP by quarter in Palestine at Constant Prices, 2016-2020