| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

West Bank Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











West Bank Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 8,

Economy - overview:
The West Bank - the larger of the two areas comprising the Palestinian territories - has experienced a relatively high single-digit economic growth rate since 2008, but this rate has been sustained by inflows of donor aid rather than private sector economic activity. After suffering an almost decade-long downturn following the start of the second intifada in 2000, overall standard-of-living measures have recovered to the levels seen in the late 1990s. Despite the Palestinian Authority's (PA) largely successful implementation of economic and security reforms and the easing of some movement and access restrictions by the Israeli Government in 2010, Israeli closure policies continue to disrupt labor and trade flows, industrial capacity, and basic commerce, eroding the productive capacity of the West Bank economy. Since mid-2007 the PA under President Mahmoud ABBAS and Prime Minister Salam FAYYAD has depended on more than $3 billion in direct foreign donor assistance to the PA's budget. The biggest impediments to economic improvements in the West Bank remain Palestinians' lack of access to land and resources in Israeli-controlled areas, import and export restrictions, and a high-cost capital structure. Absent robust private sector growth, the PA will continue to rely heavily on donor aid for its budgetary needs.

GDP (purchasing power parity):
$12.79 billion (2009 est.)
country comparison to the world: 143

$11.95 billion (2008)
note: includes Gaza Strip
[see also: GDP country ranks ]

GDP (official exchange rate):
$6.641 billion
note: includes Gaza Strip (2008 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7% (2009 est.)
country comparison to the world: 21

2.3% (2008 est.)
note: includes Gaza Strip
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$2,900 (2008 est.)
country comparison to the world: 171
note: includes Gaza Strip
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 3.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 13.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 82.7% (includes Gaza Strip) (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
745,600 (2010)
country comparison to the world: 148
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 16.1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 28.4%
[see also: Labor force - by occupation - industry country ranks ]
services: 55.5% (2010 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
23.5% (2011 est.)
country comparison to the world: 172

16.5% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
18.3% (2010 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
28.7% of GDP (2011 est.)
country comparison to the world: 38
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $2.15 billion
[see also: Budget revenues country ranks ]
expenditures: $3.23 billion
[see also: Budget expenditures country ranks ]
note: Palestinian Authority, includes Gaza Strip (2011 est.)

Taxes and other revenues:
32.4% of GDP (2011 est.)
country comparison to the world: 77
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-16.3% of GDP (2011 est.)
country comparison to the world: 209
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
5% (2011 est.)
country comparison to the world: 119

6% (2010 est.)
note: includes Gaza Strip
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
7.3% (31 December 2011 est.)
country comparison to the world: 135

7.3% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$379.8 million (31 December 2011 est.)
country comparison to the world: 167

$232.6 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$6.674 billion (31 December 2011 est.)
country comparison to the world: 115

$6.1 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.503 billion (31 December 2011 est.)
country comparison to the world: 144

$1.353 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$2.45 billion (31 December 2010)
country comparison to the world: 93

$2.375 billion (31 December 2009)
$2.123 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]

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

Industries:
small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother-of-pearl souvenirs

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
0 kWh
country comparison to the world: 215
note: electricity in the West Bank is imported mostly from Israel (2011 est.)
[see also: Electricity - production country ranks ]

Electricity - consumption:
550 million kWh (2011 est.)
country comparison to the world: 161
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2011)
[see also: Electricity - exports country ranks ]

Electricity - imports:
550 million kWh (2011 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day
country comparison to the world: 143
note: data include the Gaza Strip (2010 est.)
[see also: Oil - production country ranks ]

Oil - consumption:
24,000 bbl/day
country comparison to the world: 123
note: data include the Gaza Strip (2010 est.)
[see also: Oil - consumption country ranks ]

Oil - exports:
0 bbl/day
country comparison to the world: 142
note: data include the Gaza Strip (2009 est.)
[see also: Oil - exports country ranks ]

Oil - imports:
22,110 bbl/day
country comparison to the world: 109
note: data include the Gaza Strip (2009 est.)
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 142
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 142
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 205
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 145
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 204
[see also: Natural gas - proved reserves country ranks ]

Exports:
$518 million (2009)
country comparison to the world: 167

$529 million (2008)
note: includes Gaza Strip
[see also: Exports country ranks ]

Exports - commodities:
stone, olives, fruit, vegetables, limestone

Imports:
$3.601 billion (2009)
country comparison to the world: 138

$3.772 billion (2008)
note: data include the Gaza Strip
[see also: Imports country ranks ]

Imports - commodities:
food, consumer goods, construction materials, petroleum, chemicals

Debt - external:
$1.04 billion (2010 est.)
country comparison to the world: 153

$1.3 billion (2007 est.)
note: data include the Gaza Strip
[see also: Debt - external country ranks ]

Exchange rates:
new Israeli shekels (ILS) per US dollar -

3.532 (2011)
1 (2010 est.)
3.932 (2009)
3.56 (2008)
4.14 (2007)


NOTE: 1) The information regarding West Bank on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of West Bank Economy 2012 information contained here. All suggestions for corrections of any errors about West Bank Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
Copyright © 1995- , ITA (all rights reserved).

    . Feedback