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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -1.30
percent
0.5 1.6 2.1 1.8 2
GDP 8.00
USD Billion
8.1 8.25 8.25 8.25 8.5
GDP per capita 1997.30
USD
2149 2249 2249 2212 2255
Gross Fixed Capital Formation 747.60
USD million
799 760 763 761 830
GDP Constant Prices 3351.30
USD Million
2657 2605 2618 2610 2761
GDP From Agriculture 103.90
USD Million
108 104 106 106 113
GDP From Construction 213.90
USD Million
238 221 218 218 247
GDP From Manufacturing 366.50
USD Million
369 365 374 373 383
GDP From Mining 17.90
USD Million
15.78 14.33 18.28 18.22 16.4
GDP From Public Administration 419.60
USD Million
483 471 428 427 502
GDP From Services 683.10
USD Million
693 704 697 695 720
GDP From Transport 55.80
USD Million
62.11 62.08 56.97 56.8 64.55
GDP From Utilities 35.00
USD Million
35.68 37.69 35.74 35.63 37.08
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 31.70
percent
26.3 31.4 31.4 31.4 24.9
Population 4.95
Million
5.06 5.08 5.11 5.13 5.36
Unemployed Persons 442500.00
442500 458951 442500 458951 442500
Youth Unemployment Rate 49.90
percent
45.5 49.57 47.72 47.22 47.64
Labor Force Participation Rate 46.90
percent
46.09 46.34 46.07 46.45 46.26
Full Time Employment 900800.00
894374 862456 869034 862370 805082
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 0.07
percent
1.2 1.7 1.9 2.4 3.5
Producer Prices 105.03
Index Points
102 105 108 108 108
Producer Prices Change 4.00
percent
3.2 2.9 3 3.1 3
Food Inflation -0.23
percent
1.6 5 2.5 0.51 3.5
Consumer Price Index Cpi 111.46
Index Points
112 112 113 114 118
CPI Transportation 103.69
Index Points
102 102 105 106 108
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -404.60
USD Million
-382 -381 -383 -383 -383
Exports 89.00
USD Million
89.31 89.48 89.35 89.35 89.34
Imports 493.60
USD Million
471 470 473 473 472
Current Account -373.30
USD Million
-350 -480 -420 -440 -450
Current Account to GDP -10.80
percent
-12 -12.5 -12.5 -12.5 -13
Terrorism Index 5.55
5.55 5.55 5.55 5.55 5.55
Tourist Arrivals 503.00
Thousand
500 500 500 500 500
Foreign Direct Investment 2705.00
USD Million
2688 2686 2679 2674 2676
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 17.50
percent
20 18 18 18 17
Government Budget 2.30
percent of GDP
3.3 3.3 3.3 3.3 3.3
Government Spending 837.40
USD million
976 892 855 852 1014
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 0.90
percent
0.4 0.71 0.21 0.19 0.25
Internet Speed 5825.85
KBps
4867 5373 5768 5052 5368
IP Addresses 339971.00
IP
354788 357136 358327 359247 365626
Industrial Production Mom 7.68
percent
1.05 -0.09 0.32 0.27 0.27
Changes In Inventories 23.00
USD million
30 35.61 32.61 35.63 36.03
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Building Permits 2277.00
2405 2359 2505 2492 2441
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 75.26
mm
54.52 80.32 33.39 33.37 36.22
Temperature 12.65
celsius
17.74 12.68 24.5 23.33 19.79



Palestine - Economic Forecasts - 2018-2020 Outlook