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Gaza Strip Economy 2011
https://theodora.com/wfb2011/gaza_strip/gaza_strip_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 11, 2011

Economy - overview:
High population density, limited land and sea access, continuing isolation, and strict internal and external security controls have degraded economic conditions in the Gaza Strip - the smaller of the two areas in the Palestinian Territories. Israeli-imposed crossings closures, which became more restrictive after HAMAS violently took over the territory in June 2007, and fighting between HAMAS and Israel during December 2008-January 2009, resulted in the near collapse of most of the private sector, extremely high unemployment, and high poverty rates. Shortages of goods are met through large-scale humanitarian assistance - led by UNRWA - and the HAMAS-regulated black market tunnel trade that flourishes under the Gaza Strip's border with Egypt. However, chnages to the blockade in 2010 included moving from a white list - in which only approved items were allowed into Gaza through the crossings - to a black list, where all but non-approved items were allowed into Gaza through the crossings. Israeli authorities have recently signaled that exports from the territory might be possible in the future, but currently regular exports from Gaza are not permitted.

GDP (purchasing power parity):
see entry for West Bank
[see also: GDP (purchasing power parity) country ranks ]

GDP - real growth rate:
see entry for West Bank
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
see entry for West Bank
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
see entry for West Bank

Labor force:
339,000 (2009)
country comparison to the world: 160
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 12%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 83% (June 2008)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
40% (2010 est.)
country comparison to the world: 187

40% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
70% (2009 est.)
[see also: Population below poverty line country ranks ]

Budget:
see entry for West Bank

Inflation rate (consumer prices):
9.9% (2009 est.)
country comparison to the world: 199

11.5% (2008)
note: includes West Bank
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
see entry for West Bank
[see also: Commercial bank prime lending rate country ranks ]

Stock of domestic credit:
note: see entry for West Bank
[see also: Stock of domestic credit country ranks ]

Agriculture - products:
olives, fruit, vegetables, flowers; beef, dairy products

Industries:
textiles, food processing

Industrial production growth rate:
see entry for West Bank
[see also: Industrial production growth rate country ranks ]

Electricity - production:
65,000 kWh (2009)
country comparison to the world: 213
[see also: Electricity - production country ranks ]

Electricity - consumption:
202,000 kWh (2009)
country comparison to the world: 214
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
120,000 kWh; note - from Israeli Electric Company (2009)
[see also: Electricity - imports country ranks ]

Oil - production:
See entry for West Bank
[see also: Oil - production country ranks ]

Oil - consumption:
See entry for West Bank
[see also: Oil - consumption country ranks ]

Oil - exports:
See entry for West Bank
[see also: Oil - exports country ranks ]

Oil - imports:
See entry for West Bank
[see also: Oil - imports country ranks ]

Oil - proved reserves:
NA bbl NA bbl
[see also: Oil - proved reserves country ranks ]

Exports - commodities:
strawberries, carnations

Imports:
see entry for West Bank
[see also: Imports country ranks ]

Imports - commodities:
food, consumer goods
note: Israel permits limited imports through crossings with Gaza, but many "dual use" goods, such as construction materials, are smuggled through tunnels beneath Gaza's border with Egypt

Debt - external:
see entry for West Bank
[see also: Debt - external country ranks ]

Exchange rates:
new Israeli shekels (ILS) per US dollar - 3.7461 (2010), 3.9326 (2009), 3.56 (2008), 4.14 (2007), 4.4565 (2006)


NOTE: The information regarding Gaza Strip on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Gaza Strip Economy 2011 information contained here. All suggestions for corrections of any errors about Gaza Strip Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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