Palestinian Economy

Ending the occupation of Area C of the West Bank and East Jerusalem is critical for the sustainable development of the Occupied Palestinian Territory because it will enable the Palestinian people to grow their economy severalfold.

UNCTAD urges the international community to extend sufficient and predictable financial support to the Palestinian people to alleviate suffering and prevent a deep socioeconomic crisis from worsening.

A new technical assistance project will modernize the Palestinian debt management system and train officials.

Training equips experts and policymakers to engage effectively in bilateral and regional negotiations on trade in services.

A detailed UNCTAD study and economic dataset shows that without closures and military operations, GDP per capita in the West Bank in 2019 would have been 44% higher than its actual value.

The West Bank has suffered two decades of arrested development and poverty.

The pandemic, combined with other negative occupation-related developments, make 2020 the worst year for the Palestinian people since the establishment of the Palestinian National Authority in 1994.

New UNCTAD simulations show the coronavirus pandemic will have a significant impact on the already shattered Palestinian economy.

Prolonged closure and military operations have left Gaza’s regional economy on the verge of collapse.

Under occupation, the Palestinian National Authority lacks the policy space and economic tools to deal with the massive challenge posed by the pandemic.