PCBS : GDP slightly decreased in Gaza Strip

Gaza/PNN/

The Palestinian Central Bureau of Statistics (PCBS) said that GDP slightly increased at constant prices in the West Bank while it decreased in Gaza Strip during the 2nd quarter 2018 compared to the parallel quarter (2nd quarter 2017)

Preliminary estimates at constant prices showed a decrease of 1.3% in GDP in Palestine* during the 2nd quarter 2018 compared to the 2nd quarter 2017, (increase 0.2% in the West Bank and decrease 6.1% in Gaza Strip compared to the 2nd quarter 2017).

The  GDP showed a decrease of 0.8% in Palestine compared to the 1st quarter 2018 at constant prices, meanwhile the base year is 2015. GDP for the 2nd quarter 2018 at constant prices was USD 2,560.9 million for the West Bank and USD 790.4 million for Gaza Strip.

GDP per Capita for Palestine* at constant prices was USD 735.8 during the 2nd quarter 2018, it showed a decrease of 4% compared to the 2nd quarter 2017. As for the West Bank* it was USD 974.1 at constant prices during the 2nd quarter 2018, it showed a decrease by 2% during the 2nd quarter 2018 compared to the 2nd quarter 2017, while for Gaza Strip it was USD 410.4 during the 2nd quarter 2018, and it showed a decrease by 9% during the 2nd quarter 2018 compared to the 2nd quarter 2017.

The data excluded those parts of Jerusalem which were annexed by Israeli Occupation in 1967.