Palestine - Economic Forecasts - 2018-2020 Outlook

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.


GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.00
percent		 0.4 4.1 3.1 3 5.5
GDP 8.00
USD Billion		 8.1 8.1 8.25 8.25 8.5
GDP per capita 1997.30
USD		 2249 2149 2249 2249 2255
Gross Fixed Capital Formation 624.30
USD million		 631 681 644 604 757
Gdp Constant Prices 2564.10
USD Million		 2664 2752 2644 2631 3057
Gdp From Agriculture 102.10
USD Million		 95.19 112 105 98.78 125
Gdp From Construction 217.80
USD Million		 230 246 225 220 274
Gdp From Manufacturing 359.10
USD Million		 374 382 370 364 425
Gdp From Mining 14.10
USD Million		 14.33 16.34 14.54 13.7 18.16
Gdp From Public Administration 463.40
USD Million		 492 500 478 513 555
Gdp From Services 693.40
USD Million		 696 717 715 723 797
Gdp From Transport 61.10
USD Million		 67.13 64.33 62.99 71.59 71.47
Gdp From Utilities 37.10
USD Million		 40.78 36.96 38.25 38.83 41.06
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 32.40
percent		 29.4 26.3 29.5 29.3 24.9
Population 4.95
Million		 5.02 5.06 5.08 5.11 5.36
Unemployed Persons 442500.00
 404763 386356 404725 386393 386576
Youth Unemployment Rate 49.90
percent		 46.01 44.92 48.41 45.87 46.37
Labor Force Participation Rate 45.90
percent		 45.49 44.56 45.3 44.64 44.88
Full Time Employment 900800.00
 949347 946117 922537 949341 919145
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.63
percent		 1 1.2 1.7 1.9 3.5
Producer Prices 106.11
Index Points		 104 102 105 108 108
Producer Prices Change 1.30
percent		 3.3 3.2 2.9 3 3
Food Inflation 0.27
percent		 1.49 1.6 5 2.5 3.5
Consumer Price Index Cpi 111.12
Index Points		 112 112 112 113 118
CPI Transportation 103.00
Index Points		 102 102 102 105 108
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -359.50
USD Million		 -353 -366 -368 -366 -366
Exports 81.30
USD Million		 88.66 88.56 88.96 88.85 88.85
Imports 440.80
USD Million		 442 454 457 455 455
Current Account -442.10
USD Million		 -443 -446 -423 -424 -430
Current Account to GDP -10.10
percent		 -15 -16 -19 -19 -18
Terrorism Index 5.55
 5.3 5.2 5.12 5.04 4.96
Tourist Arrivals 400.00
Thousand 		325 300 275 250 200
Foreign Direct Investment 2683.00
USD Million		 2707 2693 2692 2684 2680
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 17.50
percent		 20 20 18 18 17
Government Budget 3.30
percent of GDP		 0.79 0.43 0.54 0.65 -0.86
Government Spending 559.30
USD million		 525 645 577 591 716
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -1.70
percent		 -0.5 0.4 1.37 1.36 1.38
Internet Speed 5825.85
KBps		 5750 4867 5373 5768 5368
IP Addresses 339971.00
IP		 352896 354788 357136 358327 365626
Changes In Inventories 36.90
USD million		 45.44 45.03 50.09 51.01 61.4
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Building Permits 2317.00
 2586 2378 2463 2499 2430
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 75.26
mm		 0.1 54.52 80.32 33.39 36.22
Temperature 12.65
celsius		 25.87 17.74 12.68 24.5 19.79