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Palestinian Territories' Economic Update October 2021 Download Palestinian Territories report: English Following an improvement in the health situation, lockdowns were eased in Q1 2021 and the Palestinian economy started showing signs of recovery.

The Palestinian economy was stagnant and the socio-economic situation already difficult prior to the breakout of COVID-19. This is attributed to restrictions by Israel (on trade, movement and access), recurrent hostilities, internal divide, and falling aid inflows.

The World Bank began its program of assistance in the Palestinian territories in November 1992. Grants, financed from the World Bank’s own resources and supplemented by co-financing from development partners, fund the Palestinian Authority’s (PA) projects in water, energy, urban and local development, public financial management, social protection, education, health, solid waste management ...

West Bank and Gaza At-A-Glance. The lack of progress towards peace and reconciliation continues to create an unsustainable economic situation in the Palestinian territories. Economic momentum faltered during 2019 driven by a decline in private and public consumption and investment. The PA’s fiscal stress significantly heightened in 2019 over ...

Accordingly, a modest bounce back in the Palestinian Territories is expected in 2021 with growth returning to around 3.5%, reflecting in part the base year effect from a sharp contraction in 2020. Upside risks arise from the signs of renewed engagement by the U.S. with the PA and the potential for the announced Palestinian elections to ease the ...

April 2019. Real GDP growth in the Palestinian economy was barely positive in 2018 due to a steep deterioration in Gaza and a slowdown in the West Bank. Gaza’s economy has been kept afloat in recent years by large transfers including donor aid and spending through the budget of the Palestinian Authority (PA), both of which amounted to 70-80 ...

The Palestinian economy is showing signs of recovery largely due to improved activity in the West Bank, according to a new World Bank report. However, Gaza still suffers from a particularly difficult economic situation with very high unemployment and deteriorating social conditions. In the current economic context, the outlook is uncertain as sustainable sources of growth remain limited.

2022, the Palestinian territories are goingthrough a fifth wave, dominated by theOmicron virus. Around 43 percent ofthepopulation has received at least onedose of the vaccine, but estimates sug-gest that there are su3cient vaccine dos-es to meet vaccination needs only up tomid-2022. Recent developments

In the Palestinian Territories, the Palestine Expenditure and Consumption Surveys (PECS) are designed to provide esti-mates of poverty at the regional level (West Bank and Gaza), strata level (Urban, Rural, Refugee Camp), and some larger governorates. However, for policy makers, often, further dis-aggregation is needed.

Annual GDP Growth (%) West Bank and Gaza. Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.