In 2017, the economic outlook in the West Bank - the larger of the two areas comprising the Palestinian Territories – remained fragile, as security concerns and political friction slowed economic growth. Unemployment in the West Bank remained high at 19.0% in the third quarter of 2017, only slightly better than 19.6% at the same point the previous year, while the labor force participation rate remained flat, year-on-year.
Longstanding Israeli restrictions on imports, exports, and movement of goods and people continue to disrupt labor and trade flows and the territory’s industrial capacity, and constrain private sector development. The PA’s budget benefited from an effort to improve tax collection, coupled with lower spending in 2017, but the PA for the foreseeable future will continue to rely heavily on donor aid for its budgetary needs and infrastructure development.
5.3% (2014 est.)
1% (2013 est.)
6% (2012 est.)
note: excludes Gaza Strip
0.2% (2017 est.)
-0.2% (2016 est.)
note: excludes Gaza Strip
$21.22 billion (2014 est.)
$20.15 billion (2013 est.)
$19.95 billion (2012 est.)
note: data are in 2014 US dollars; includes Gaza Strip
$9.828 billion (2014 est.)
note: excludes Gaza Strip
$6,220 (2019 est.)
$6,318 (2018 est.)
$6,402 (2017 est.)
note: includes Gaza Strip
15.5% of GDP (2018 est.)
14.4% of GDP (2017 est.)
5% of GDP (2012 est.)
note: includes Gaza Strip
agriculture: 2.9% (2017 est.)
industry: 19.5% (2017 est.)
services: 77.6% (2017 est.)
note: excludes Gaza Strip
household consumption: 91.3% (2017 est.)
government consumption: 26.7% (2017 est.)
investment in fixed capital: 23% (2017 est.)
investment in inventories: 0% (2017 est.)
exports of goods and services: 20% (2017 est.)
imports of goods and services: -61% (2017 est.)
note: excludes Gaza Strip
tomatoes, cucumbers, olives, poultry, milk, potatoes, sheep milk, eggplants, gourds
small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs
2.2% (2017 est.)
note: includes Gaza Strip
1.24 million (2017 est.)
note: excludes Gaza Strip
agriculture: 11.5%
industry: 34.4%
services: 54.1% (2013 est.)
note: excludes Gaza Strip
27.9% (2017 est.)
27% (2016 est.)
note: excludes Gaza Strip
18% (2011 est.)
33.7 (2016 est.)
38.7 (2007 est.)
note: includes Gaza Strip
lowest 10%: 3.2%
highest 10%: 28.2% (2009 est.)
note: includes Gaza Strip
revenues: 1.314 billion (2017 est.)
expenditures: 1.278 billion (2017 est.)
note: includes Palestinian Authority expenditures in the Gaza Strip
13.4% (of GDP) (2017 est.)
0.4% (of GDP) (2017 est.)
24.4% of GDP (2014 est.)
23.8% of GDP (2013 est.)
calendar year
-$1.444 billion (2017 est.)
-$1.348 billion (2016 est.)
$2.126 billion (2017 est.)
$1.827 billion (2016 est.)
note: excludes Gaza Strip
stone, olives, fruit, vegetables, limestone
$6.565 billion (2017 est.)
$6.207 billion (2016 est.)
note: data include the Gaza Strip
food, consumer goods, construction materials, petroleum, chemicals
$0 (31 December 2017 est.)
$583 million (31 December 2015 est.)
$1.662 billion (31 March 2016 est.)
$1.467 billion (31 March 2015 est.)
note: data include the Gaza Strip
new Israeli shekels (ILS) per US dollar -
3.606 (2017 est.)
3.841 (2016 est.)
3.841 (2015 est.)
3.8869 (2014 est.)
3.5779 (2013 est.)
NOTE: The information regarding West Bank on this page is re-published from the 2021 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of West Bank 2021 information contained here. All suggestions for corrections of any errors about West Bank 2021 should be addressed to the CIA or the source cited on each page.
This page was last modified 16 Dec 23, Copyright © 2023 ITA all rights reserved.