Palestinian Central Bureau of Statistics (PCBS)

Slowdown in GDP growth in Palestine in 2018  compared to 2017

Preliminary estimates indicated a slowdown in GDP growth in Palestine in 2018 to reach 0.9% compared to 3% in 2017 at constant prices, (increase of 3% in the West Bank* and decrease of 7% in Gaza Strip in 2018 compared to 2017).  Estimates at constant prices showed an increase of 3.4% in GDP in Palestine* during the 4^th quarter 2018 compared to the 4^th quarter 2017, (increase of 5.3% in the West Bank* and decrease of 3.5% in Gaza Strip compared to the 4^th quarter 2017).  And it showed an increase of 3% in Palestine* compared to the 3^rd quarter 2018 at constant prices, meanwhile the base year is 2015. GDP for the 4^th quarter 2018 at constant prices was USD 2,888 million for the West Bank* and USD 707 million for Gaza Strip. Gross Domestic Product Per Capita GDP per Capita for Palestine* at constant prices was  USD 779 during the 4^th quarter 2018, it showed an increase of 0.8% compared to the 4^th quarter 2017. As for the West Bank* it was USD 1,085 at constant prices during the 4^th quarter 2018, it showed an increase by 3% during the 4^th quarter 2018 compared to the 4^th quarter 2017, while for Gaza Strip it was USD 362 during the 4^th quarter 2018, and it showed a decrease by 6% during the 4^th quarter 2018 compared to the 4^th quarter 2017.   GDP by quarter in Palestine* at Constant Prices, 2014-2018 The data excluded those parts of Jerusalem which were annexed by Israeli Occupation in 1967.