The Preliminary Estimates Of Quarterly National Accounts, Third Quarter, 2019

Gross Domestic Product (GDP) at constant prices increased by 1% in the West Bank and 0.5% in Gaza Strip during the 3rd quarter 2019 compared to the 2nd quarter 2019

Preliminary estimates at constant prices showed an increase of 1% in Palestine during the 3rd quarter 2019 compared to the 2nd quarter 2019 at constant prices, (mainly in Agriculture and fishing by 6%, Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles by 2%, Public Administration and Defense by 7%).

On the other hand, it showed a decrease of 0.6% in GDP in Palestine during the 3rd quarter 2019 compared to the 3rd quarter 2018 which excludes the seasonal effect, meanwhile the base year is 2015. GDP for the 3rd quarter 2019 at constant prices was USD 3,220 million for the West Bank and USD 695 million for Gaza Strip.

Increase in Gross Domestic Product Per Capita

GDP per Capita for Palestine at constant prices was USD 833 during the 3rd quarter 2019, it showed an increase of 0.3% compared to the 2nd quarter 2019. As for the West Bank it was USD 1,191 at constant prices during the 3rd quarter 2019, it showed an increase by 0.5% during the 3rd quarter 2019 compared to the 2nd quarter 2019, while for Gaza Strip it was USD 348 during the 3rd quarter 2019, and it showed a decrease by 0.2% during the 3rd quarter 2019 compared to the 2nd quarter 2019.

Source: Palestine Central Bureau of Statistics