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Gaza Strip Economy - 2024


SOURCE: 2024 CIA WORLD FACTBOOK

GEOGRAPHICAL NAMES  Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese

Real GDP (purchasing power parity)

$27.779 billion (2021 est.)
$25.95 billion (2020 est.)
$29.262 billion (2019 est.)

see entry for the West Bank

Real GDP growth rate

7.05% (2021 est.)
-11.32% (2020 est.)
1.36% (2019 est.)

note: excludes the West Bank

Real GDP per capita

$5,600 (2021 est.)
$5,400 (2020 est.)
$6,200 (2019 est.)

see entry for the the West Bank

GDP (official exchange rate)

$2.938 billion (2014 est.)

note: excludes the West Bank

Inflation rate (consumer prices)

1.24% (2021 est.)
-0.74% (2020 est.)
1.58% (2019 est.)

note: excludes the West Bank

GDP - composition, by sector of origin

agriculture: 3% (2017 est.)

industry: 21.1% (2017 est.)

services: 75% (2017 est.)

note: data exclude the West Bank

GDP - composition, by end use

household consumption: 88.6% (2017 est.)

government consumption: 26.3% (2017 est.)

investment in fixed capital: 22.4% (2017 est.)

investment in inventories: 0% (2017 est.)

exports of goods and services: 18.6% (2017 est.)

imports of goods and services: -55.6% (2017 est.)

note: data exclude the West Bank

Agricultural products

tomatoes, cucumbers, olives, poultry, milk, potatoes, sheep milk, eggplants, gourds

Industries

textiles, food processing, furniture

Industrial production growth rate

6.22% (2021 est.)

note: see entry for the West Bank

Labor force

1.249 million (2021 est.)

note: excludes the West Bank

Unemployment rate

24.9% (2021 est.)
25.89% (2020 est.)
25.34% (2019 est.)

note: data exclude the West Bank

Youth unemployment rate (ages 15-24)

total: 39.6% (2021 est.)

male: 33.7%

female: 69%

note: includes the West Bank

Population below poverty line

30% (2011 est.)

note: data exclude the West Bank

Gini Index coefficient - distribution of family income

33.7 (2016 est.)

Remittances

18.81% of GDP (2021 est.)
16.48% of GDP (2020 est.)
18.4% of GDP (2019 est.)

Budget

revenues: $3.803 billion (2020 est.)

expenditures: $5.002 billion (2020 est.)

see entry for the West Bank

Taxes and other revenues

18.78% (of GDP) (2018 est.)

Fiscal year

calendar year

Current account balance

-$1.486 billion (2021 est.)
-$1.903 billion (2020 est.)
-$1.779 billion (2019 est.)

note: excludes the West Bank

Exports

$3.18 billion (2021 est.)
$2.385 billion (2020 est.)
$2.659 billion (2019 est.)

Exports - commodities

building stone, scrap iron, plastic lids, furniture, seating, dates, olive oil (2021)

note: data includes both Gaza Strip and West Bank export commodities

Imports

$10.245 billion (2021 est.)
$8.065 billion (2020 est.)
$9.161 billion (2019 est.)

see entry for the West Bank

Imports - commodities

food, consumer goods, fuel

Reserves of foreign exchange and gold

$872.541 million (31 December 2021 est.)
$697.075 million (31 December 2020 est.)
$658.352 million (31 December 2019 est.)

Debt - external

see entry for the West Bank

Exchange rates

see entry for the West Bank

NOTE: The information regarding Gaza Strip on this page is re-published from the 2024 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Gaza Strip 2024 information contained here. All suggestions for corrections of any errors about Gaza Strip 2024 should be addressed to the CIA or the source cited on each page.

This page was last modified 04 May 24, Copyright © 2024 ITA all rights reserved.