GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -0.60 2.2 2 2.5 2.2 2.2
GDP (USD Billion) 14.50 16.3 16.3 16.3 16.3 16.7
Gross Fixed Capital Formation (USD million) 989.50 981 999 1002 1011 1034
GDP Constant Prices (USD Million) 3915.30 3543 3469 3964 4001 4089
GDP From Agriculture (USD Million) 97.40 103 98.37 98.62 99.54 102
GDP From Construction (USD Million) 221.10 217 223 224 226 231
GDP From Manufacturing (USD Million) 365.40 365 369 370 373 382
GDP From Mining (USD Million) 18.90 18.2 19.09 19.14 19.32 19.74
GDP From Public Administration (USD Million) 449.00 470 453 455 459 469
GDP From Services (USD Million) 724.50 733 732 734 740 757
GDP From Transport (USD Million) 53.50 63.79 54.04 54.17 54.68 55.88
GDP From Utilities (USD Million) 30.70 40.95 31.01 31.08 31.38 32.07
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 24.60 23.5 23.5 22.5 22.5 22
Population (Million) 4.85 5.1 5.1 5.1 5.1 5.21
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.58 2 2 2.6 3.5 3.5
Food Inflation (%) 2.75 2.6 2.6 2.6 3.5 3.5
Consumer Price Index Cpi (points) 101.66 103 104 105 105 109
CPI Transportation (points) 99.66 101 102 101 103 106
Producer Prices (points) 99.30 103 102 102 102 105
Producer Prices Change (%) 0.40 2.9 3 3 3 3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -378.10 -364 -363 -363 -382 -382
Current Account (USD Million) -387.00 -500 -500 -500 -450 -450
Current Account to GDP (%) -10.80 -13 -13 -13 -13 -13.5
Imports (USD Million) 472.40 459 449 449 504 508
Exports (USD Million) 94.30 95 86 86 107 111
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 16.20 16 16 16 16 16
Government Budget (% of GDP) 1.30 1.3 1.3 1.3 1.3 1.3
Government Spending (USD million) 789.00 757 766 799 806 824


This page has economic forecasts for Palestine including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Palestine economy.