Browse economic indicators and data sets, selected by Global Finance editors, to learn more about The Occupied Palestinian Territories economic outlook, debt to GDP ratio, international trade performance and population trends.
Basic Information
Government Type: N/A
Capital City: N/A
GDP & Economic Information
Macroeconomy & Sovereign Data
| Central Bank |
Palestine Monetary Authority |
|---|---|
| Currency |
New Israeli shekels (ILS) |
| International Reserves |
USD 17.34 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
| Gross Domestic Product – GDP |
USD 29.57 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
| GDP (Purchasing Power Parity) |
USD 29.57 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP Data
| Real GDP growth |
2017 1.4% 2018 1.2% 2019 1.4% 2020* -11.5% 2021 4.4% *Estimate |
|---|---|
| GDP per capita – current prices |
USD 3,320.85 (2021 estimate) |
| GDP per capita – PPP | USD 5,662.06 (2021 estimate) |
| GDP (PPP) – share of world total | N/A |
| GDP – composition by sector |
agriculture: 7.1% industry: 17% services: 60.6% (2016 estimate) |
| Gross domestic expenditure on R&D; (% of GDP) | N/A |
| Inflation |
2017 0.2% 2018 -0.2% 2019 1.6% 2020* -0.7% 2021* 1.3% *Estimate |
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Inflation & Debt
| Inflation |
2017 0.2% 2018 -0.2% 2019 1.6% 2020* -0.7% 2021* 1.3% *Estimate |
|---|---|
| Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: N/A Standard & Poor’s / Moody’s (Updated January 2017) |
| Unemployment rate |
2017 25.5% 2018 26.3% 2019 25.4% 2020* 25.9% 2021* 25.6% *Estimate |
| Household saving rates | N/A |
| Public debt (General government gross debt as a % of GDP) |
2017 71.9% 2018 69.5% 2019 67.8% 2020* 77.6% 2021* 81.5% *Estimate |
| Public deficit (General government net lending/borrowing as a % of GDP) |
2017 31.8% 2018 33.1% 2019 34.5% 2020* 47.2% 2021* 44.7% *Estimate |
| Market value of publicly traded shares |
USD 3.4 billion (2020) |
| Largest Companies | N/A |
Import/Export
| Exports as percent of GDP (Exports of goods and services) |
5.9% (2017) |
|---|---|
| Shares in world total merchandising export |
0.004% (2018) |
| Shares in world total commercial services export |
0.008% (2018) |
| Total exports |
USD 1.6 billion (2018 estimate) |
| Export commodities |
Opium, fruits and nuts, handwoven carpets, wool, cotton, hides and pelts, precious and semi-precious gems, and medical herbs |
| Total imports |
USD 8.3 billion (2018 estimate) |
| Import commodities |
Machinery and other capital goods, food, textiles, petroleum products |
| Exports – major partners |
India 56.5%, Pakistan 29.6% (2017) |
| Imports – major partners |
China 21%, Iran 20.5%, Pakistan 11.8%, Kazakhstan 11%, Uzbekistan 6.8%, Malaysia 5.3%(2017) |
Competitiveness & Trade
| Current account balance |
USD -1.6 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
|---|---|
| Current account balance by percentage of GDP |
-9.5% (2021 estimate) IMF – World Economic Outlook, October 2021 |
| FDI inflows |
2018 USD 252 million 2019 USD 132 million 2020 USD 52 million |
| FDI Outflows |
2018 USD 31 million 2019 USD 56 million 2020 USD 61 million |
| Value of cross-border M&A, by country of purchaser |
N/A United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
| Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
| Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
| Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 117 out of 190 countries (2017) Subcategories: Starting a business: 173 out of 190 countries Enforcing Contracts: 123 out of 190 countries Registering Property: 91 out of 190 countries Getting Credit: 25 out of 190 countries Protecting Minority Investors: 114 out of 190 countries Trading Across Borders: 54 out of 190 countries Paying Taxes: 112 out of 190 countries Dealing with Construction Permits: 148 out of 190 countries Getting Electricity: 86 out of 190 countries Resolving Insolvency: 168 out of 190 countries World Bank – Doing Business 2020 |
| Global competitiveness ranking | N/A |
| Index of Economic Freedom | N/A |
Population & Geographic Data
| Total Area |
6,220 sq km |
|---|---|
| Total Population |
1960 35.1% 1980 42.4% 2000 42.7% 2020 40.8% |
| Urban population as % of total population |
1960 56.8% 1980 62.5% 2000 72.0% 2015 75.3% |
| Population median age |
West Bank: 20.8 years (2016 estimate) Gaza Strip: 16.9 years (2016 estimate) |
| Population growth rate |
West Bank: 1.86% (2016 estimate) Gaza Strip: 2.39% (2016 estimate) |
| Life expectancy |
West Bank: 75 years (2016 estimate) Gaza Strip: 73.9 years (2016 estimate) CIA World Factbook / Life expectancy |
| % of population living on less than $3.10 a day |
0.9% (2009) |
| Inequality of wealth distribution (Gini index) |
34.5 (2009) (0=perfect equality, 100=absolute inequality) |
| Freedom House rating | N/A |
| Total telephone subscribers as % of population |
Fixed 8.5% Mobile 77.6% (2015) (fixed-telephone subscribers and mobile-cellular subscribers) |
| Internet users as % of total population |
57.4% (2015) |
Language & Religon
| Languages |
West Bank: Arabic, Hebrew (spoken by Israeli settlers and many Palestinians), English (widely understood) Gaza Strip: Arabic, Hebrew (spoken by many Palestinians), English (widely understood |
|---|---|
| Literacy | 96.5% (age 15 and over can read and write, 2015 estimate) |
| Religions |
West Bank: Muslim 80-85% (predominantly Sunni), Jewish 12-14%, Christian 1-2.5% (mainly Greek Orthodox), other, unaffiliated, unspecified <1% (2012 est.) Gaza Strip: Muslim 98.0 – 99.0% (predominantly Sunni), Christian <1.0%, other, unaffiliated, unspecified <1.0% (2012 est.) |
World Rankings
| Population | 2.8 M |
|---|---|
| Mercer Cost of living index | N/A |
| C02 Emissions per capita |
1.9 metric tons per capita (2018) |
Global Finance Rankings & Awards: The Occupied Palestinian Territories
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000